Company Valuation: Amundi

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 14,686 10,791 12,526 13,126 14,386 19,362 - -
Change - -26.52% 16.08% 4.79% 9.6% 34.59% - -
Enterprise Value (EV) 1 15,857 10,791 13,903 13,789 14,212 18,018 17,539 17,045
Change - -31.95% 28.84% -0.82% 3.07% 26.78% -2.66% -2.81%
P/E 10.7x 10x 10.8x 10.1x 9.12x 11.9x 13.1x 12.7x
PBR 1.38x - 1.1x 1.09x 1.14x 1.48x 1.43x 1.37x
PEG - -0.5x 1.33x 0.9x 0.4x 2.94x -1.46x 4.21x
Capitalization / Revenue 4.58x 3.44x 3.91x 3.75x 4.21x 5.29x 5.28x 5.16x
EV / Revenue 4.95x 3.44x 4.34x 3.94x 4.16x 4.92x 4.78x 4.54x
EV / EBITDA 9.51x - - 7.91x 9.32x 9.68x 9.46x 9.05x
EV / EBIT 9.49x 7.36x 9.28x 8.31x 8.69x 10.1x 9.96x 9.47x
EV / FCF 8.31x - 9.33x 9.06x 8.23x 13x 11.1x 10.8x
FCF Yield 12% - 10.7% 11% 12.2% 7.7% 9% 9.22%
Dividend per Share 2 4.1 4.1 4.1 4.25 4.25 4.884 5.079 5.226
Rate of return 5.65% 7.74% 6.66% 6.62% 6.02% 5.09% 5.29% 5.44%
EPS 2 6.75 5.28 5.71 6.37 7.74 8.054 7.332 7.554
Distribution rate 60.7% 77.7% 71.8% 66.7% 54.9% 60.6% 69.3% 69.2%
Net sales 1 3,204 3,137 3,204 3,497 3,417 3,660 3,665 3,751
EBITDA 1 1,667 - - 1,743 1,525 1,862 1,855 1,883
EBIT 1 1,670 1,466 1,498 1,660 1,636 1,789 1,761 1,799
Net income 1 1,369 1,074 1,165 1,305 1,592 1,645 1,481 1,521
Net Debt 1 1,170 - 1,376 662.9 -173.8 -1,344 -1,823 -2,317
Reference price 2 72.55 53.00 61.60 64.20 70.60 96.05 96.05 96.05
Nbr of stocks (in thousands) 202,433 203,604 203,350 204,461 203,768 201,581 - -
Announcement Date 2/9/22 2/8/23 2/7/24 2/4/25 2/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.36x8.07x15.48x3.67% 112B
17.89x14x28.65x0.72% 97.69B
24.14x - - 3.83% 32.15B
11.93x4.92x9.68x5.09% 22.43B
11.9x4.61x12.72x2.89% 17.3B
17.39x1.83x7.01x3.85% 17.37B
14.95x9.52x - 9.78% 14.1B
33.57x19.12x26.27x - 11.87B
Average 19.39x 8.87x 16.64x 4.26% 40.67B
Weighted average by Cap. 20.08x 9.75x 19.39x 3.11%

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