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 0.6506 0.6764 0.7233
Rate of return 5.16% 6.99% 7.71% 8.2% 7.56% 9.62% 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% 137% 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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.11x0.47x1.85x9.71% 1.6B
15.87x1.96x8.91x1.62% 161B
43.53x6.23x26.77x-.--% 23.96B
18.13x1.98x19.46x1.64% 5.74B
41.32x - - 2.17% 3.9B
10.5x0.88x5.52x6.89% 3.62B
14.21x1.71x18.48x4.98% 3.49B
-5.75x2.01x7.48x-.--% 3.44B
12.57x0.55x4.41x1.33% 2.92B
7.39x0.71x3.21x6.33% 2.26B
Average 17.19x 1.83x 10.68x 3.47% 21.21B
Weighted average by Cap. 18.91x 2.38x 11.15x 1.67%

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