Company Valuation: Icade

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,776 3,044 2,693 1,741 1,668 1,349 - -
Change - -36.26% -11.54% -35.33% -4.21% -19.14% - -
Enterprise Value (EV) 1 11,709 9,921 6,141 5,195 5,114 4,401 4,173 3,865
Change - -15.28% -38.1% -15.41% -1.55% -13.95% -5.18% -7.38%
P/E 11.8x 56.4x -2.15x -6.31x -13.6x -15.3x 27.5x 6.19x
PBR 0.71x 0.46x 0.54x 0.4x 0.43x 0.38x 0.36x 0.36x
PEG - -0.7x 0x 0.1x 0.2x 0.5x -0x 0x
Capitalization / Revenue 2.88x 1.68x 1.76x 1.11x 1.15x 1.04x 1.01x 0.97x
EV / Revenue 7.05x 5.46x 4.02x 3.3x 3.53x 3.41x 3.12x 2.79x
EV / EBITDA 18.7x 15.3x 21.7x 21.7x 17.5x 16.4x 16x 14.4x
EV / EBIT 14.6x 25.9x 22.7x 18.7x 17.4x 15.2x 14x 13.2x
EV / FCF -23.5x -42.4x 4.66x 31.3x 21.6x 6.6x 8.36x 6.76x
FCF Yield -4.25% -2.36% 21.5% 3.2% 4.63% 15.2% 12% 14.8%
Dividend per Share 2 4.2 4.33 4.84 4.31 1.92 1.767 1.839 1.941
Rate of return 6.66% 10.8% 13.6% 18.8% 8.73% 9.93% 10.3% 10.9%
EPS 2 5.328 0.7136 -16.5 -3.64 -1.62 -1.166 0.6475 2.876
Distribution rate 78.8% 607% -29.3% -118% -119% -152% 284% 67.5%
Net sales 1 1,661 1,816 1,528 1,572 1,450 1,292 1,338 1,388
EBITDA 1 625.5 650.3 283 239 292.5 268.4 261.4 269.3
EBIT 1 800.6 382.5 270.1 277.5 294.6 289.5 299.1 293
Net income 1 400.1 54.1 -1,250 -275.9 -123 -76.37 130.7 184.2
Net Debt 1 6,933 6,876 3,448 3,454 3,446 3,052 2,824 2,516
Reference price 2 63.10 40.24 35.54 22.98 22.00 17.79 17.79 17.79
Nbr of stocks (in thousands) 75,691 75,652 75,770 75,778 75,825 75,826 - -
Announcement Date 2/21/22 2/20/23 2/19/24 2/18/25 2/17/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.37x13.39x15.65x5.33% 15.98B
8.39x13.84x17.87x6.27% 6.72B
22.88x14.63x16.04x4.21% 6.51B
12.33x14.69x15.66x5.18% 6.47B
10.02x14.44x15.5x7.08% 5.83B
8.49x13.86x17.79x5.86% 5.82B
8.38x16.35x19.69x8.3% 5.8B
12.73x12.23x13.07x5.43% 5.24B
Average 13.32x 14.18x 16.41x 5.96% 7.3B
Weighted average by Cap. 15.11x 14.07x 16.32x 5.83%

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