Company Valuation: Assystem

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 554.4 600.4 736.4 701.6 634.2 504.5 - -
Change - 8.3% 22.65% -4.73% -9.6% -20.44% - -
Enterprise Value (EV) 1 653.7 651.3 788.6 750.9 693.9 543.8 530.7 495
Change - -0.37% 21.08% -4.79% -7.59% -21.62% -2.42% -6.72%
P/E 16.4x 12.5x 7.29x 87.9x 85.7x 12.6x 11.4x 10.5x
PBR 1.57x 1.82x 1.53x 2.35x 2.21x 1.61x 1.48x 1.35x
PEG - 0.3x 0x -1x -10.86x 0x 1.1x 1.22x
Capitalization / Revenue 1.15x 1.22x 1.28x 1.15x 0.97x 0.75x 0.72x 0.69x
EV / Revenue 1.35x 1.32x 1.37x 1.23x 1.06x 0.81x 0.76x 0.68x
EV / EBITDA 14.8x 13.7x 13.9x 13.1x 11.2x 8.51x 8.02x 7.23x
EV / EBIT 21.4x 20.9x 18.7x 30.9x 15.4x 11.4x 10.7x 9.47x
EV / FCF 97.6x 20.6x 25.4x 21.7x 16.4x 13.8x 12.9x 11.1x
FCF Yield 1.02% 4.85% 3.93% 4.61% 6.08% 7.23% 7.76% 8.98%
Dividend per Share 2 1 1 - 1 1 0.97 0.97 1.003
Rate of return 2.67% 2.46% - 2.1% 2.34% 2.85% 2.85% 2.95%
EPS 2 2.281 3.242 6.789 0.5408 0.4981 2.702 2.987 3.245
Distribution rate 43.8% 30.8% - 185% 201% 35.9% 32.5% 30.9%
Net sales 1 483.1 493.5 577.5 611.3 656.6 674.8 700.5 730.1
EBITDA 1 44.1 47.5 56.9 57.1 61.8 63.87 66.19 68.45
EBIT 1 30.5 31.2 42.1 24.3 45 47.62 49.57 52.28
Net income 1 34.2 48.9 102 8.3 7.4 42.15 46.15 50.7
Net Debt 1 99.3 50.9 52.2 49.3 59.7 39.3 26.14 -9.506
Reference price 2 37.50 40.60 49.50 47.55 42.70 34.00 34.00 34.00
Nbr of stocks (in thousands) 14,785 14,788 14,877 14,754 14,852 14,839 - -
Announcement Date 3/15/22 3/14/23 3/13/24 3/18/25 3/10/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.58x0.81x8.51x2.85% 568M
58.37x2.69x25.68x0.06% 102B
11.76x1.02x5.57x4.97% 66.61B
35.58x4.48x24.33x0.19% 60.72B
24.84x1.93x18.95x1.19% 52.74B
49.38x3.96x25.08x1.96% 38.53B
24.02x1.64x15.14x0.19% 34.7B
27.92x0.7x11.55x2.21% 34.5B
22.53x0.44x7.03x2.74% 29.63B
5.01x0.31x5.98x5.63% 26.75B
Average 27.20x 1.80x 14.78x 2.2% 44.65B
Weighted average by Cap. 32.92x 2.18x 17.30x 1.8%

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