Company Valuation: Ipsos SA

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 1,682 - -
Change - 41.8% -5.68% -19.33% -25.22% 13.78% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 2,045 1,944 1,778
Change - 20.84% 3.72% -20.34% -14.45% 11.35% -4.94% -8.55%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 8.26x 7.56x 7.09x
PBR 1.37x 1.75x 1.73x 1.25x 0.94x 0.99x 0.97x 0.88x
PEG - 0.7x -0.7x 0.3x -0.96x 0.6x 0.82x 1.07x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.66x 0.64x 0.62x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.8x 0.74x 0.65x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 5.12x 4.58x 3.99x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 6.65x 5.9x 5.12x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 10.3x 8.84x 7.35x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 9.68% 11.3% 13.6%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.134 2.303 2.45
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 5.32% 5.75% 6.11%
EPS 2 4.04 4.74 3.59 4.66 4.27 4.854 5.302 5.654
Distribution rate 28.5% 28.5% 46% 39.7% 46.8% 44% 43.4% 43.3%
Net sales 1 2,147 2,405 2,390 2,441 2,525 2,566 2,642 2,723
EBITDA 1 357.2 402.9 434.1 410.7 410.6 399.8 424.1 445.3
EBIT 1 277.4 314.7 312.4 319.5 309.3 307.8 329.3 347.4
Net income 1 183.9 215.2 159.7 204.5 186.6 196 222 237.1
Net Debt 1 317.8 - 244.3 169.8 358.3 363.1 262 95.75
Reference price 2 41.25 58.50 56.75 45.92 34.26 40.08 40.08 40.08
Nbr of stocks (in thousands) 44,424 44,419 43,186 43,057 43,153 41,968 - -
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.($)
14.16x1.56x7.06x3.95% 28.57B
9.62x1.07x5.98x4.16% 22.64B
12.17x5.4x9.83x7.18% 11B
16.81x1.34x5.28x2.81% 6.06B
12.3x0.79x4.75x3.7% 5.73B
17.13x0.61x5.91x1.41% 4.71B
35.59x4.65x12.61x-.--% 3.48B
-36.28x1.42x6.03x-.--% 3.44B
Average 10.19x 2.10x 7.18x 2.9% 10.7B
Weighted average by Cap. 11.78x 1.92x 6.97x 3.86%

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