Company Valuation: Rexel

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,436 5,580 7,465 7,150 9,825 10,574 - -
Change - 2.64% 33.78% -4.21% 37.41% 7.62% - -
Enterprise Value (EV) 1 8,154 7,038 9,426 9,634 12,457 14,511 14,283 13,956
Change - -13.69% 33.93% 2.21% 29.3% 16.49% -1.57% -2.29%
P/E 9.1x 6.07x 9.64x 21.8x 16.9x 15x 12.7x 11.4x
PBR 1.19x 1.06x 1.35x 1.31x 1.79x 1.85x 1.71x 1.58x
PEG - 0.1x -0.6x -0.4x 0.2x 0.7x 0.7x 1x
Capitalization / Revenue 0.37x 0.3x 0.39x 0.37x 0.51x 0.51x 0.49x 0.46x
EV / Revenue 0.56x 0.38x 0.49x 0.5x 0.64x 0.71x 0.66x 0.61x
EV / EBITDA 6.76x 4.09x 5.72x 6.36x 8.02x 8.5x 7.71x 7.05x
EV / EBIT 9x 5.14x 7.25x 8.51x 10.8x 11.2x 9.99x 8.99x
EV / FCF 19.2x 14x 16.6x 19x 30.7x 20.3x 19.7x 18.8x
FCF Yield 5.22% 7.14% 6.02% 5.25% 3.26% 4.94% 5.08% 5.33%
Dividend per Share 2 0.75 1.2 1.2 1.2 1.2 1.213 1.286 1.369
Rate of return 4.21% 6.51% 4.84% 4.88% 3.57% 3.37% 3.58% 3.81%
EPS 2 1.96 3.04 2.57 1.13 1.99 2.398 2.824 3.158
Distribution rate 38.3% 39.5% 46.7% 106% 60.3% 50.6% 45.6% 43.3%
Net sales 1 14,690 18,702 19,153 19,285 19,415 20,554 21,754 22,742
EBITDA 1 1,207 1,722 1,647 1,516 1,552 1,706 1,852 1,978
EBIT 1 906 1,368 1,300 1,132 1,158 1,290 1,430 1,552
Net income 1 597.6 922.3 774.7 341 591.4 710 829 921.7
Net Debt 1 2,718 1,458 1,962 2,484 2,631 3,937 3,709 3,382
Reference price 2 17.83 18.44 24.77 24.60 33.59 35.94 35.94 35.94
Nbr of stocks (in thousands) 304,893 302,604 301,362 290,666 292,507 294,212 - -
Announcement Date 2/11/22 2/16/23 2/14/24 2/12/25 2/11/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.51x0.81x11.69x0.59% 16.39B
15.12x0.71x8.56x3.34% 12.38B
10.91x - - 3.32% 988M
75.78x - - - 787M
13.65x - - 2.23% 768M
Average 27.19x 0.76x 10.12x 2.37% 6.26B
Weighted average by Cap. 19.30x 0.77x 10.34x 1.84%

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