Company Valuation: Mercialys

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 800.5 910.4 926.6 941.4 1,031 977.8 - -
Change - 13.73% 1.78% 1.6% 9.48% -5.12% - -
Enterprise Value (EV) 1 1,931 1,953 1,990 1,944 2,185 2,187 2,243 2,271
Change - 1.14% 1.92% -2.3% 12.39% 0.07% 2.58% 1.23%
P/E 9.12x 21.2x 17.4x 17.4x 30.7x 9.44x 10.1x 9.89x
PBR 0.47x 0.53x 0.61x 0.62x 0.65x 0.65x 0.61x 0.6x
PEG - -0.4x 0.7x 9.92x -0.8x 0x -1.57x 4.98x
Capitalization / Revenue 4.65x 5.25x 5.21x 5.24x 5.71x 5.2x 4.95x 4.8x
EV / Revenue 11.2x 11.3x 11.2x 10.8x 12.1x 11.6x 11.4x 11.2x
EV / EBITDA 13.3x 13.5x 13.3x 13.2x 14.7x 14.1x 13.9x 13.6x
EV / EBIT 18.7x 18.4x 23.2x 19x 27.7x 15.2x 16.3x 16.2x
EV / FCF 12.8x 9.34x 17.8x 14.6x 72.9x 16.2x 16.7x 14.3x
FCF Yield 7.79% 10.7% 5.61% 6.83% 1.37% 6.17% 5.97% 7%
Dividend per Share 2 0.92 0.96 0.99 1 1.002 1.019 1.043 1.067
Rate of return 10.7% 9.83% 9.95% 9.89% 9.08% 9.73% 9.96% 10.2%
EPS 2 0.94 0.46 0.57 0.58 0.36 1.11 1.039 1.059
Distribution rate 97.9% 209% 174% 172% 278% 91.8% 100% 101%
Net sales 1 172.2 173.3 178 179.5 180.6 188 197.5 203.7
EBITDA 1 144.7 144.2 149.4 147.2 148.9 155.2 161.3 167.4
EBIT 1 103.5 106.2 85.82 102.1 78.78 144.1 137.7 140.3
Net income 1 62.18 43.09 53.37 53.76 33.96 98.02 117.2 125.3
Net Debt 1 1,130 1,042 1,064 1,003 1,155 1,209 1,265 1,293
Reference price 2 8.57 9.77 9.94 10.11 11.04 10.48 10.48 10.48
Nbr of stocks (in thousands) 93,406 93,180 93,168 93,115 93,351 93,302 - -
Announcement Date 2/14/22 2/14/23 2/14/24 2/12/25 2/17/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.96x14.99x15.49x5.69% 54.07B
16.62x23.32x27.95x3.47% 17.03B
8.2x12.01x14.72x5.85% 15.65B
17.91x16.22x23.57x5.27% 14.22B
9.36x13.39x15.95x5.34% 12.16B
26.37x10.63x16.71x4.09% 9.71B
38.54x7.86x12.64x5.11% 9.82B
14.52x11.74x18.45x6.49% 9.12B
7.33x19.56x26.46x3.39% 8.89B
Average 19.65x 14.41x 19.10x 4.97% 16.74B
Weighted average by Cap. 24.32x 14.94x 18.33x 5.16%

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

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