Company Valuation: TF1

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,836 1,506 1,505 1,544 1,757 1,421 - -
Change - -17.99% -0.08% 2.58% 13.82% -19.11% - -
Enterprise Value (EV) 1 1,702 1,180 999.7 1,038 1,242 1,043 1,080 1,173
Change - -30.64% -15.31% 3.79% 19.75% -16.05% 3.53% 8.66%
P/E 8.15x 8.62x 7.84x 7.54x 11.6x 14.2x 13.3x 10.6x
PBR 1.04x 0.81x 0.77x 0.75x 0.85x 0.7x 0.71x 0.74x
PEG - -0.4x 0.81x 1.14x -0.5x -0.4x 1.81x 0.4x
Capitalization / Revenue 0.76x 0.6x 0.66x 0.66x 0.76x 0.65x 0.63x 0.62x
EV / Revenue 0.7x 0.47x 0.44x 0.44x 0.54x 0.47x 0.48x 0.51x
EV / EBITDA 2.38x 1.55x 1.58x 1.48x 1.87x 1.87x 1.9x 1.94x
EV / EBIT 4.96x 3.73x 3.54x 3.59x 5.14x 6.92x 7.31x 6.37x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.45 0.5 0.55 0.6 0.63 0.64 0.6764 0.7233
Rate of return 5.16% 6.99% 7.71% 8.2% 7.56% 9.47% 10% 10.7%
EPS 2 1.07 0.83 0.91 0.97 0.72 0.4747 0.5095 0.6396
Distribution rate 42.1% 60.2% 60.4% 61.9% 87.5% 135% 133% 113%
Net sales 1 2,427 2,508 2,297 2,356 2,297 2,199 2,239 2,285
EBITDA 1 714.2 762.1 632.4 700 665.3 556.6 569.7 603.8
EBIT 1 343.2 316.2 282.7 289 241.8 150.7 147.7 184.2
Net income 1 225.3 176.1 191.9 206 152.8 95.18 105.1 125
Net Debt 1 -134.8 -325.7 -505.1 -506.1 -514.6 -378.2 -341.4 -247.9
Reference price 2 8.725 7.155 7.135 7.315 8.330 6.760 6.760 6.760
Nbr of stocks (in thousands) 210,486 210,486 210,898 211,022 210,925 210,240 - -
Announcement Date 2/11/22 2/15/23 2/15/24 2/13/25 2/13/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.22x1.99x9.07x1.59% 165B
43.79x6.26x26.9x-.--% 24.09B
18.13x1.98x19.46x1.64% 5.74B
39.89x - - 2.24% 3.76B
10.55x0.88x5.54x6.85% 3.65B
14.33x1.71x18.56x4.93% 3.53B
-4.8x1.98x7.39x-.--% 3.32B
13.18x0.56x4.52x1.27% 3.06B
7.36x0.71x3.22x6.33% 2.28B
Average 17.63x 2.01x 11.83x 2.76% 23.79B
Weighted average by Cap. 19.20x 2.42x 11.33x 1.59%

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