Company Valuation: Retail Estates sa

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 977.4 917 934.4 886.9 991.7 930.1 - -
Change - -6.18% 1.9% -5.09% 11.83% -6.21% - -
Enterprise Value (EV) 1 977.4 917 934.4 886.9 991.7 1,870 1,941 1,939
Change - -6.18% 1.9% -5.09% 11.83% 88.59% 3.77% -0.07%
P/E 7.22x 5.01x 7.56x 8.27x 8.03x 9.7x 9.42x 8.2x
PBR 1.06x 0.84x 0.8x 0.73x 0.77x 0.71x 0.7x 0.68x
PEG - 0.2x -0.2x -0.5x 0.6x -0.4x 3.23x 0.6x
Capitalization / Revenue 8.44x 7.29x 6.7x 6.18x 6.79x 6.11x 5.88x 5.65x
EV / Revenue 8.44x 7.29x 6.7x 6.18x 6.79x 12.3x 12.3x 11.8x
EV / EBITDA - - 8.37x - 8.4x 15.2x 15x 14.3x
EV / EBIT 10.1x 15.5x 8.37x 7.76x 8.4x 15.3x 15.2x 14.7x
EV / FCF - - 12.4x - 13.6x 105x 56.7x 44.1x
FCF Yield - - 8.04% - 7.33% 0.95% 1.76% 2.27%
Dividend per Share 2 4.6 4.9 5 5.1 5.2 5.25 5.292 5.325
Rate of return 6.22% 7.53% 7.69% 8.46% 7.88% 8.48% 8.55% 8.6%
EPS 2 10.23 12.99 8.6 7.29 8.22 6.383 6.57 7.545
Distribution rate 45% 37.7% 58.1% 70% 63.3% 82.2% 80.5% 70.6%
Net sales 1 115.8 125.9 139.5 143.4 146.1 152.1 158.1 164.5
EBITDA 1 - - 111.6 - 118 123 129.4 136
EBIT 1 96.93 59.28 111.6 114.3 118 122 128 132.3
Net income 1 - - 123 - 123 95.75 99.65 108
Net Debt 1 - - - - - 940.2 1,011 1,009
Reference price 2 73.90 65.10 65.00 60.30 66.00 61.90 61.90 61.90
Nbr of stocks (in thousands) 13,226 14,086 14,376 14,707 15,026 15,026 - -
Announcement Date 6/16/22 5/26/23 5/27/24 5/26/25 5/22/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.85x12.43x15.32x8.33% 1.06B
38.33x18.27x23.19x3.33% 122B
30.72x13.89x17.67x4.46% 65.27B
35.88x14.49x14.96x6.02% 51.17B
17.9x15.13x17.23x1.15% 37.3B
16.16x25.1x27.49x3.55% 16.54B
25.87x10.45x14.4x4.85% 14.85B
8.19x11.87x14.55x6.1% 14.73B
18.03x16.09x23.38x5.35% 14.01B
28.7x11.04x16.11x4.25% 13.05B
Average 22.96x 14.88x 18.43x 4.74% 35.03B
Weighted average by Cap. 30.28x 15.91x 19.51x 4.02%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Retail Estates sa

Historical PBR trend

Valuation ratios - PBR - Retail Estates sa

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Retail Estates sa

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Retail Estates sa


Year-on-year evolution of the Yield

Valuation ratios - Yield - Retail Estates sa
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