Company Valuation: PATRIZIA SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,824 906.1 703.5 681.2 703.8 605.2 - -
Change - -50.32% -22.36% -3.17% 3.31% -14% - -
Enterprise Value (EV) 1 1,906 806.3 685.9 802 852 757.2 762.2 765.2
Change - -57.71% -14.93% 16.93% 6.23% -11.12% 0.66% 0.39%
P/E 38x 130x 117x 52.7x 40.7x 31.6x 25x 21.1x
PBR 1.42x 0.71x 0.61x 0.63x 0.62x 0.53x 0.53x 0.54x
PEG - -1.5x -9.4x 0x 1.2x 3x 0.9x 1.1x
Capitalization / Revenue 5.73x 2.62x 2.41x 2.66x 2.72x 2.17x 2.16x 2.09x
EV / Revenue 5.99x 2.33x 2.35x 3.14x 3.3x 2.72x 2.72x 2.65x
EV / EBITDA 14.8x 10.2x 12.7x 17.8x 13.5x 11.3x 10.4x 9.72x
EV / EBIT 20.4x 22.6x 134x 88.1x 24.1x 17.6x 16.1x 14.2x
EV / FCF 86x 18.3x 11.3x -3.56x 14.9x 28.4x 29.1x 28.6x
FCF Yield 1.16% 5.46% 8.88% -28.1% 6.72% 3.53% 3.43% 3.5%
Dividend per Share 2 0.32 0.33 0.34 0.35 0.36 0.37 0.374 0.382
Rate of return 1.56% 3.19% 4.15% 4.43% 4.42% 5.29% 5.35% 5.46%
EPS 2 0.54 0.08 0.07 0.15 0.2 0.2214 0.2798 0.3313
Distribution rate 59.3% 413% 486% 233% 180% 167% 134% 115%
Net sales 1 318.2 346.3 292.4 255.7 258.4 278.6 280.1 289
EBITDA 1 128.9 78.9 54.1 45.1 63.02 66.76 73.18 78.69
EBIT 1 93.3 35.6 5.1 9.1 35.32 42.92 47.46 53.87
Net income 1 47.9 7.284 5.8 12.6 17.97 18.88 24.08 28.76
Net Debt 1 82.45 -99.83 -17.61 120.8 148.2 152 157 160
Reference price 2 20.500 10.360 8.200 7.900 8.140 6.990 6.990 6.990
Nbr of stocks (in thousands) 88,977 87,464 85,792 86,229 86,457 86,583 - -
Announcement Date 2/24/22 2/27/23 2/28/24 3/24/25 3/28/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.04x4.51x12.17x3.61% 39.98B
17.8x3.94x15.85x1.38% 28.22B
7.88x1.42x7.8x4.49% 26.51B
5.45x0.65x1.36x9.17% 26.23B
13.78x3.08x14.74x2.54% 26.13B
10.63x2.15x9.15x3.95% 21.37B
7.85x0.87x3.17x2.85% 20.08B
13.11x6.41x16.85x1.66% 19.31B
37.44x13.73x34.11x3.16% 18.14B
Average 14.22x 4.08x 12.80x 3.65% 25.11B
Weighted average by Cap. 13.69x 3.82x 12.24x 3.72%

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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