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 1,446 - -
Change - -17.99% -0.08% 2.58% 13.82% -17.68% - -
Enterprise Value (EV) 1 1,702 1,180 999.7 1,038 1,242 1,064 1,099 1,153
Change - -30.64% -15.31% 3.79% 19.75% -14.38% 3.33% 4.86%
P/E Ratio 8.15x 8.62x 7.84x 7.54x 11.6x 14.9x 13x 9.19x
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 0.9x 0.2x
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 0.48x 0.49x 0.49x
EV / EBITDA 2.38x 1.55x 1.58x 1.48x 1.87x 1.87x 1.91x 1.84x
EV / EBIT 4.96x 3.73x 3.54x 3.59x 5.14x 6.7x 7.32x 5.31x
EV / FCF 5.35x 7.81x 3.04x 5.32x 16.2x -236x - -
FCF Yield 18.7% 12.8% 32.9% 18.8% 6.19% -0.42% - -
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% 9.46% 9.83% 10.7%
EPS 2 1.07 0.83 0.91 0.97 0.72 0.4614 0.5295 0.7487
Distribution rate 42.1% 60.2% 60.4% 61.9% 87.5% 141% 128% 98.2%
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 6.880 6.880 6.880
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.91x0.48x1.87x9.46% 1.67B
17.07x2.09x9.48x1.5% 174B
67.49x6.29x28.36x-.--% 22.47B
18.55x1.96x19.31x1.23% 5.78B
44.42x - - 2.01% 4.19B
11.75x0.97x6.1x6.1% 4.09B
-6.2x2.17x8.02x-.--% 4.02B
32.34x1.74x63.07x3.05% 3.63B
13.7x0.62x4.9x1.09% 3.45B
7.36x0.74x3.33x6.1% 2.57B
Average 22.14x 1.89x 16.05x 3.06% 22.61B
Weighted average by Cap. 22.18x 2.43x 12.24x 1.54%

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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