Company Valuation: Klépierre SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,877 6,146 7,049 7,938 9,661 9,877 - -
Change - 4.59% 14.69% 12.61% 21.71% 2.23% - -
Enterprise Value (EV) 1 14,327 13,625 14,398 15,325 17,008 17,237 17,148 16,994
Change - -4.9% 5.67% 6.44% 10.98% 1.35% -0.52% -0.9%
P/E 10.9x 14.8x 36.8x 7.26x 7.43x 8.99x 9.82x 9.22x
PBR 0.71x 0.74x 0.88x 0.92x 1.04x 0.93x 0.88x 0.84x
PEG - -0.6x -0.7x 0x 0.4x -0.6x -1.16x 1.42x
Capitalization / Revenue 5.84x 5.29x 6.05x 6.45x 7.62x 7.36x 7.15x 6.99x
EV / Revenue 14.2x 11.7x 12.4x 12.5x 13.4x 12.8x 12.4x 12x
EV / EBITDA 17.8x 14.3x 15.6x 15.6x 16.3x 15.3x 14.7x 14.1x
EV / EBIT 18.2x 14.5x 15.3x 15.4x 16.6x 15.5x 14.8x 14.1x
EV / FCF 20.3x 18.6x 19.4x 19.5x 20.3x 22x 22.7x 26.7x
FCF Yield 4.91% 5.38% 5.15% 5.14% 4.93% 4.55% 4.4% 3.75%
Dividend per Share 2 1.7 1.75 1.8 1.8 1.9 1.971 2.042 2.107
Rate of return 8.15% 8.13% 7.29% 6.47% 5.63% 5.72% 5.93% 6.12%
EPS 2 1.906 1.45 0.67 3.83 4.54 3.831 3.507 3.735
Distribution rate 89.2% 121% 269% 47% 41.9% 51.5% 58.2% 56.4%
Net sales 1 1,006 1,162 1,165 1,231 1,268 1,342 1,381 1,413
EBITDA 1 806.8 955 921.4 985.3 1,043 1,127 1,170 1,208
EBIT 1 789 937.8 943.1 993.2 1,027 1,114 1,160 1,203
Net income 1 544.7 415.2 192.7 1,098 1,299 1,192 1,102 1,261
Net Debt 1 8,451 7,479 7,349 7,387 7,347 7,361 7,272 7,117
Reference price 2 20.85 21.53 24.68 27.80 33.74 34.44 34.44 34.44
Nbr of stocks (in thousands) 281,847 285,471 285,607 285,533 286,342 286,784 - -
Announcement Date 2/16/22 2/15/23 2/14/24 2/12/25 2/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
38.39x18.29x23.22x3.32% 123B
30.6x13.85x17.62x4.48% 65.02B
35.8x14.47x14.94x6.03% 51.06B
17.75x15x17.09x1.16% 36.82B
16.07x25.01x27.38x3.57% 16.38B
25.99x10.48x14.44x4.83% 14.92B
7.92x11.67x14.3x6.3% 14.23B
17.95x16.04x23.31x5.37% 13.93B
28.77x11.06x16.14x4.24% 13.08B
Average 24.36x 15.10x 18.72x 4.37% 38.66B
Weighted average by Cap. 30.36x 15.90x 19.50x 4.02%

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