Company Valuation: Ipsos

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,832 2,598 2,451 1,977 1,478 1,469 - -
Change - 41.8% -5.68% -19.33% -25.22% -0.63% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 1,826 1,747 1,586
Change - 20.84% 3.72% -20.34% -14.45% -0.58% -4.33% -9.22%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 7.17x 6.52x 6.11x
PBR 1.37x 1.75x 1.73x 1.25x - 0.88x 0.83x 0.76x
PEG - 0.7x -0.7x 0.3x -0.96x 0.6x 0.66x 0.89x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.57x 0.56x 0.54x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.71x 0.66x 0.58x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 4.62x 4.18x 3.61x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 5.92x 5.33x 4.58x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 9.21x 8.94x 7.23x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 10.9% 11.2% 13.8%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.085 2.257 2.46
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 6.07% 6.57% 7.16%
EPS 2 4.04 4.74 3.59 4.66 4.27 4.792 5.267 5.628
Distribution rate 28.5% 28.5% 46% 39.7% 46.8% 43.5% 42.9% 43.7%
Net sales 1 2,147 2,405 2,390 2,441 2,525 2,557 2,633 2,715
EBITDA 1 357.2 402.9 434.1 410.7 410.6 395 418.3 439.8
EBIT 1 277.4 314.7 312.4 319.5 309.3 308.2 327.5 346.1
Net income 1 183.9 215.2 159.7 204.5 186.6 201 218.3 234.3
Net Debt 1 317.8 - 244.3 169.8 358.3 357 278 116.9
Reference price 2 41.25 58.50 56.75 45.92 34.26 34.36 34.36 34.36
Nbr of stocks (in thousands) 44,424 44,419 43,186 43,057 43,153 42,757 - -
Announcement Date 2/23/22 2/15/23 2/21/24 2/26/25 2/24/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.18x1.33x5.99x4.62% 24.12B
8.89x1.04x5.58x4.44% 22.41B
11.67x5.11x9.04x7.52% 10.44B
15x - - 3.45% 4.84B
16.76x0.59x5.79x1.45% 4.5B
7.63x0.6x3.6x6.13% 3.52B
29.54x4x11.22x-.--% 2.92B
-30.71x1.31x5.53x-.--% 2.92B
Average 8.87x 2.00x 6.68x 3.45% 9.46B
Weighted average by Cap. 10.39x 1.82x 6.37x 4.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield