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 1,763 - -
Change - -24.52% -35.37% 27.76% 21.03% -30.97% - -
Enterprise Value (EV) 1 5,507 4,456 3,685 3,792 4,456 3,609 3,536 3,543
Change - -19.07% -17.31% 2.89% 17.52% -19% -2.04% 0.21%
P/E 14.6x 7.97x -3.54x 344x 296x 9.43x 7.48x 7.57x
PBR 1.51x - - - 1.52x 0.7x 0.7x 0.69x
PEG - 0.2x 0x -3x 9.2x 0x 0.3x -6.64x
Capitalization / Revenue 1.12x 0.85x 0.61x 0.86x 1.23x 0.78x 0.76x 0.73x
EV / Revenue 1.82x 1.48x 1.36x 1.54x 2.15x 1.59x 1.52x 1.46x
EV / EBITDA 12.5x 10.3x -10x 15.6x 23.7x 10.5x 8.09x 7.2x
EV / EBIT 15.9x 10.9x -7.74x 18.1x 29.4x 11.4x 9.2x 9.08x
EV / FCF 15.9x 13.6x 9.72x 10.5x -119x 14x 15.7x 15.9x
FCF Yield 6.27% 7.33% 10.3% 9.57% -0.84% 7.12% 6.36% 6.29%
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% 11.3% 11.9% 13.7%
EPS 2 11.49 15.83 -22.57 0.28 0.37 8.004 10.09 9.976
Distribution rate 84.9% 63.2% -35.4% 2,857% 2,162% 106% 89.2% 104%
Net sales 1 3,030 3,013 2,712 2,466 2,076 2,272 2,322 2,427
EBITDA 1 439.2 430.7 -366.7 243.8 188.2 344 437 492
EBIT 1 345.8 410.1 -476 209.4 151.7 316 384.2 390.1
Net income 1 211.6 326.8 -472.9 6.1 8.4 188 274 212
Net Debt 1 2,121 1,901 2,034 1,682 1,902 1,847 1,773 1,780
Reference price 2 167.60 126.20 80.00 96.40 109.60 75.50 75.50 75.50
Nbr of stocks (in thousands) 20,198 20,248 20,645 21,888 23,301 23,348 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.43x1.59x10.49x11.26% 1.98B
38.9x18.12x22.78x3.35% 121B
31.38x14.1x18.11x4.38% 66.51B
36.72x14.64x15.14x5.89% 52.21B
17.76x15.04x17.11x1.16% 37.24B
15.98x24.8x27.16x3.59% 16.49B
26.44x10.64x14.63x4.73% 15.24B
8.07x11.73x14.37x6.18% 14.47B
17.81x15.99x23.24x5.4% 13.88B
28.97x11.08x16.23x4.21% 13.2B
Average 23.15x 13.77x 17.93x 5.02% 35.25B
Weighted average by Cap. 30.68x 15.81x 19.38x 4.04%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Altarea

Historical PBR trend

Valuation ratios - PBR - Altarea

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Altarea

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Altarea


Year-on-year evolution of the Yield

Valuation ratios - Yield - Altarea