Company Valuation: Paris Realty Fund

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 121.9 91.3 73.6 99.56 70 58.82
Change - -25.12% -19.39% 35.28% -29.69% -15.97%
Enterprise Value (EV) 1 185.6 151.2 126.3 150 133.4 126.3
Change - -18.53% -16.45% 18.73% -11.02% -5.34%
P/E 9.09x 11x 6.68x 24.7x -4.26x -10.9x
PBR 0.92x 0.66x 0.5x 0.69x 0.58x 0.53x
PEG - -0.3x 0.2x -0.4x 0x 0.2x
Capitalization / Revenue 4.76x 3.59x 2.96x 3.9x 2.47x 2.25x
EV / Revenue 7.25x 5.95x 5.08x 5.87x 4.71x 4.83x
EV / EBITDA 17.6x 15.5x 20.6x 46.4x 31.6x 32.3x
EV / EBIT 17.8x 15.7x 21.5x 47.5x 32.2x 32.9x
EV / FCF 289x 14.5x 39.6x 29.5x -210x 47.3x
FCF Yield 0.35% 6.89% 2.52% 3.39% -0.48% 2.11%
Dividend per Share 2 4 2.3 4.7 3 1.5 1.5
Rate of return 4.73% 3.8% 9.63% 4.55% 3.23% 3.85%
EPS 2 9.3 5.49 7.3 2.67 -10.89 -3.57
Distribution rate 43% 41.9% 64.4% 112% -13.8% -42%
Net sales 1 25.6 25.43 24.86 25.56 28.33 26.16
EBITDA 1 10.52 9.778 6.13 3.232 4.223 3.908
EBIT 1 10.4 9.607 5.885 3.16 4.147 3.84
Net income 1 13.47 8.15 11.03 4.036 -16.43 -5.386
Net Debt 1 63.62 59.86 52.7 50.39 63.44 67.49
Reference price 2 84.50 60.50 48.80 66.00 46.40 39.00
Nbr of stocks (in thousands) 1,443 1,509 1,508 1,508 1,509 1,508
Announcement Date 3/20/20 4/13/21 4/14/22 4/14/23 4/17/24 4/22/25
1EUR in Million2EUR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 41.47M
24.01x13.19x15.48x5.3% 15.71B
23.9x14.45x15.92x4.1% 6.74B
8.57x13.56x17.59x6.46% 6.45B
14.43x14.75x15.8x5.03% 6.49B
9.44x16.72x20.2x8.15% 5.85B
10.46x14.61x15.68x7.02% 5.79B
8.51x13.64x17.57x5.94% 5.68B
19.64x10.18x12.78x6.19% 4.56B
Average 14.87x 13.89x 16.38x 6.02% 6.37B
Weighted average by Cap. 16.43x 13.86x 16.30x 5.86%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Stocks
  3. PAR Stock
  4. Valuation Paris Realty Fund