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 1,434 - -
Change - -17.99% -0.08% 2.58% 13.82% -18.39% - -
Enterprise Value (EV) 1 1,702 1,180 999.7 1,038 1,242 1,051 1,087 1,140
Change - -30.64% -15.31% 3.79% 19.75% -15.4% 3.37% 4.92%
P/E Ratio 8.15x 8.62x 7.84x 7.54x 11.6x 13.9x 13.3x 9.66x
PBR 1.04x 0.81x 0.77x 0.75x 0.85x 0.71x 0.72x -
PEG - -0.4x 0.81x 1.14x -0.5x -0.4x 2.91x 0.3x
Capitalization / Revenue 0.76x 0.6x 0.66x 0.66x 0.76x 0.65x 0.64x 0.62x
EV / Revenue 0.7x 0.47x 0.44x 0.44x 0.54x 0.47x 0.48x 0.49x
EV / EBITDA 2.38x 1.55x 1.58x 1.48x 1.87x 1.85x 1.89x 1.81x
EV / EBIT 4.96x 3.73x 3.54x 3.59x 5.14x 6.62x 7.24x 5.25x
EV / FCF 5.35x 7.81x 3.04x 5.32x 16.2x -234x - -
FCF Yield 18.7% 12.8% 32.9% 18.8% 6.19% -0.43% - -
Dividend per Share 2 0.45 0.5 0.55 0.6 0.63 0.6506 0.6764 0.735
Rate of return 5.16% 6.99% 7.71% 8.2% 7.56% 9.54% 9.92% 10.8%
EPS 2 1.07 0.83 0.91 0.97 0.72 0.4922 0.5147 0.7063
Distribution rate 42.1% 60.2% 60.4% 61.9% 87.5% 132% 131% 104%
Net sales 1 2,427 2,508 2,297 2,356 2,297 2,215 2,250 2,328
EBITDA 1 714.2 762.1 632.4 700 665.3 569.3 575.1 628.1
EBIT 1 343.2 316.2 282.7 289 241.8 158.7 150.2 217
Net income 1 225.3 176.1 191.9 206 152.8 100.8 106.7 141
Net Debt 1 -134.8 -325.7 -505.1 -506.1 -514.6 -382.7 -347.3 -293.8
Reference price 2 8.725 7.155 7.135 7.315 8.330 6.820 6.820 6.820
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.05x2.08x9.46x1.5% 174B
66.38x6.19x27.92x-.--% 22.1B
18.15x1.91x18.86x1.26% 5.66B
45.26x - - 1.98% 4.27B
-6.42x2.19x8.12x-.--% 4.16B
11.84x0.98x6.14x6.05% 4.15B
31.95x1.72x62.61x3.09% 3.6B
13.66x0.61x4.9x1.1% 3.46B
7.49x0.75x3.35x5.99% 2.63B
Average 22.82x 2.06x 17.67x 2.33% 24.86B
Weighted average by Cap. 22.03x 2.43x 12.20x 1.49%

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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