Company Valuation: Recordati

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,657 7,959 10,042 10,347 9,930 10,456 - -
Change - -31.72% 26.16% 3.04% -4.03% 5.3% - -
Enterprise Value (EV) 1 12,405 9,379 11,621 12,501 11,967 12,195 11,903 11,587
Change - -24.39% 23.9% 7.57% -4.27% 1.91% -2.4% -2.65%
P/E 30.6x 25.9x 26.2x 25.4x 22.9x 20.9x 17.4x 15.7x
PBR 8.42x 5.15x 6.06x 5.64x 5.29x 4.86x 4.27x 3.78x
PEG - -1.4x 1.1x 3.61x 3.54x 1.3x 0.9x 1.4x
Capitalization / Revenue 7.38x 4.29x 4.82x 4.42x 3.79x 3.76x 3.5x 3.34x
EV / Revenue 7.85x 5.06x 5.58x 5.34x 4.57x 4.39x 3.99x 3.7x
EV / EBITDA 20.6x 13.9x 15.1x 14.4x 12.1x 12x 10.5x 9.73x
EV / EBIT 25.3x 21.4x 20.8x 18.3x 15.4x 14.3x 12.7x 11.6x
EV / FCF 26.4x 21.4x 25.5x 23.4x 23.3x 16.9x 16.1x 14.4x
FCF Yield 3.79% 4.68% 3.92% 4.28% 4.29% 5.92% 6.21% 6.92%
Dividend per Share 2 1.1 1.15 1.2 1.27 1.34 1.559 1.748 1.872
Rate of return 1.95% 2.97% 2.46% 2.51% 2.76% 3.03% 3.4% 3.64%
EPS 2 1.846 1.494 1.861 1.992 2.121 2.458 2.956 3.28
Distribution rate 59.6% 77% 64.5% 63.8% 63.2% 63.4% 59.1% 57.1%
Net sales 1 1,580 1,853 2,082 2,342 2,618 2,779 2,985 3,135
EBITDA 1 602.3 672.8 769.6 865.8 991.1 1,013 1,132 1,191
EBIT 1 490.2 437.3 558 684.4 774.9 851.2 938.8 997.3
Net income 1 386 312.3 389.2 416.5 443.6 569.6 673.4 711.9
Net Debt 1 747.6 1,420 1,579 2,154 2,037 1,739 1,447 1,131
Reference price 2 56.50 38.75 48.83 50.60 48.54 51.40 51.40 51.40
Nbr of stocks (in thousands) 206,325 205,406 205,645 204,479 204,565 203,428 - -
Announcement Date 2/24/22 2/21/23 2/22/24 2/13/25 2/17/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.68x4.38x12.04x2.99% 11.89B
36.25x12.94x27.18x0.55% 1,089B
28.59x6.53x18.09x2.01% 643B
33.13x7.75x15.94x2.61% 465B
20.2x4.86x12.04x2.72% 359B
22.65x5.84x14.57x2.74% 303B
22.03x4.53x12.8x1.93% 267B
14.79x5.48x11.3x3.38% 226B
25.81x6.73x11.86x2.57% 212B
-48.4x5.8x32.01x2.45% 167B
Average 17.57x 6.49x 16.78x 2.4% 374.3B
Weighted average by Cap. 25.18x 8.10x 19.06x 1.92%

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