Company Valuation: Altarea

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,385 2,555 1,652 2,110 2,554 2,258 - -
Change - -24.52% -35.37% 27.76% 21.03% -11.58% - -
Enterprise Value (EV) 1 5,507 4,456 3,685 3,792 4,456 4,109 4,041 4,056
Change - -19.07% -17.31% 2.89% 17.52% -7.78% -1.65% 0.36%
P/E 14.6x 7.97x -3.54x 344x 296x 11.3x 9.38x 9.82x
PBR 1.51x - - - 1.52x 0.99x 0.99x 0.97x
PEG - 0.2x 0x -3x 9.2x 0x 0.5x -2.2x
Capitalization / Revenue 1.12x 0.85x 0.61x 0.86x 1.23x 0.97x 0.94x 0.9x
EV / Revenue 1.82x 1.48x 1.36x 1.54x 2.15x 1.76x 1.69x 1.62x
EV / EBITDA 12.5x 10.3x -10x 15.6x 23.7x 11.3x 9.16x 8.52x
EV / EBIT 15.9x 10.9x -7.74x 18.1x 29.4x 10.7x 8.53x 9.89x
EV / FCF 15.9x 13.6x 9.72x 10.5x -119x 16.4x 19.1x 19.4x
FCF Yield 6.27% 7.33% 10.3% 9.57% -0.84% 6.11% 5.25% 5.15%
Dividend per Share 2 9.75 10 8 8 8 8.5 9 10.36
Rate of return 5.82% 7.92% 10% 8.3% 7.3% 8.77% 9.29% 10.7%
EPS 2 11.49 15.83 -22.57 0.28 0.37 8.579 10.33 9.866
Distribution rate 84.9% 63.2% -35.4% 2,857% 2,162% 99.1% 87.2% 105%
Net sales 1 3,030 3,013 2,712 2,466 2,076 2,339 2,391 2,506
EBITDA 1 439.2 430.7 -366.7 243.8 188.2 364 441 476
EBIT 1 345.8 410.1 -476 209.4 151.7 384 474 410
Net income 1 211.6 326.8 -472.9 6.1 8.4 215 286 207
Net Debt 1 2,121 1,901 2,034 1,682 1,902 1,851 1,783 1,798
Reference price 2 167.60 126.20 80.00 96.40 109.60 96.90 96.90 96.90
Nbr of stocks (in thousands) 20,198 20,248 20,645 21,888 23,301 23,303 - -
Announcement Date 2/22/22 A 2/28/23 A 2/27/24 A 2/25/25 A 2/24/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.3x1.76x11.29x8.77% 2.58B
40.45x15.69x16.27x5.17% 59.04B
9.2x12.59x15.43x5.36% 16.9B
13.53x22.51x26.48x3.81% 15.64B
20.16x17.01x24.95x4.91% 15.04B
10.16x13.36x16.08x5.43% 11.83B
7.95x22.47x30.42x2.8% 10.65B
31.39x11.29x17.82x3.76% 10.45B
16.13x12.37x19.33x6.06% 9.75B
22.96x7.11x11.65x6.02% 8.34B
Average 18.32x 13.62x 18.97x 5.21% 16.02B
Weighted average by Cap. 24.77x 15.27x 18.88x 4.96%

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