Company Valuation: LDC SA

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,656 1,960 2,314 2,339 3,494 3,670 - -
Change - 18.36% 18.09% 1.07% 49.39% 5.04% - -
Enterprise Value (EV) 1 1,475 1,579 1,833 2,055 3,315 3,338 3,154 2,812
Change - 7.08% 16.1% 12.12% 61.3% 0.69% -5.52% -10.83%
P/E 9.83x 8.72x 7.51x 9.59x 10.8x 10.9x 10.2x 10.4x
PBR 0.97x 1.05x 1.1x 1.02x 1.37x 1.29x 1.18x 1.09x
PEG - 0.3x 0.2x -0.5x 0.3x 2.39x 1.37x -5.78x
Capitalization / Revenue 0.33x 0.34x 0.37x 0.37x 0.48x 0.46x 0.44x 0.45x
EV / Revenue 0.29x 0.27x 0.3x 0.33x 0.46x 0.42x 0.37x 0.34x
EV / EBITDA 3.7x 2.88x 3.33x 4.01x 4.61x 4.47x 3.96x 3.69x
EV / EBIT 7.07x 5.27x 4.95x 6.47x 7.76x 7.51x 6.59x 6.18x
EV / FCF 19.3x 6.35x 9.29x 15.7x 11.9x 13.9x 11.2x -
FCF Yield 5.17% 15.7% 10.8% 6.38% 8.37% 7.21% 8.97% -
Dividend per Share 2 1 1.35 1.8 1.55 2.25 2.079 2.234 3.4
Rate of return 2.12% 2.41% 2.73% 2.29% 2.24% 1.96% 2.11% 3.21%
EPS 2 4.79 6.42 8.79 7.04 9.28 9.703 10.43 10.24
Distribution rate 20.9% 21% 20.5% 22% 24.2% 21.4% 21.4% 33.2%
Net sales 1 5,069 5,846 6,198 6,324 7,283 7,984 8,435 8,188
EBITDA 1 399 547.4 550.2 512.6 719.7 746.5 797.1 762.5
EBIT 1 208.5 299.9 370.3 317.6 427 444.3 478.4 455.2
Net income 1 165.1 224.7 304.4 243.6 321.5 336 363.2 354.5
Net Debt 1 -181 -380.6 -480.8 -283.4 -178.7 -332 -516.2 -857.8
Reference price 2 47.10 56.00 66.00 67.54 100.60 106.00 106.00 106.00
Nbr of stocks (in thousands) 35,150 34,993 35,061 34,629 34,732 34,625 - -
Announcement Date 5/24/22 5/24/23 5/29/24 5/21/25 6/30/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.99x0.42x4.5x1.95% 4.29B
18.92x0.45x7.33x3.92% 18.16B
14x0.35x5.89x7.11% 14.07B
15.87x1.45x10.56x6.08% 12.2B
7.54x0.41x3.57x8.09% 11.97B
16.53x1.15x10.23x5.39% 11.93B
8.76x0.57x5.31x5.32% 8.67B
17.27x0.53x7.04x-.--% 7.26B
29.33x0.44x5.6x0.74% 4.98B
18.46x1.15x9.27x1.91% 3.03B
Average 15.77x 0.69x 6.93x 4.05% 9.66B
Weighted average by Cap. 15.24x 0.68x 7.06x 4.87%

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