Company Valuation: Altareit

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 850.7 1,146 1,094 787.6 822.6 901.4
Change - 34.76% -4.58% -28% 4.44% 9.58%
Enterprise Value (EV) 1 1,118 1,486 1,602 1,295 1,294 1,588
Change - 32.92% 7.82% -19.19% -0.06% 22.76%
P/E Ratio 12.2x 15.9x 14.7x -2.42x -13.5x -13.4x
PBR 0.9x 1.12x 0.99x 1.01x 1.15x 1.37x
PEG - 3.93x 4.82x 0x 0.2x -1.34x
Capitalization / Revenue 0.28x 0.38x 0.37x 0.3x 0.32x 0.46x
EV / Revenue 0.37x 0.5x 0.54x 0.5x 0.5x 0.8x
EV / EBITDA 7.75x 9.66x 12x -6.32x 46.7x -224x
EV / EBIT 8.11x 10.1x 14.4x -3.94x 65.7x -42x
EV / FCF 4.64x -77.9x -10.2x 11.7x 6.33x -4.97x
FCF Yield 21.6% -1.28% -9.82% 8.52% 15.8% -20.1%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 39.69 41.29 42.55 -186.2 -34.89 -38.38
Distribution rate - - - - - -
Net sales 1 3,017 3,000 2,966 2,604 2,608 1,978
EBITDA 1 144.3 153.9 134 -204.8 27.7 -7.1
EBIT 1 137.8 147.5 111.4 -328.3 19.7 -37.8
Net income 1 69.4 72.2 74.4 -325.6 -61 -67.1
Net Debt 1 267.2 339.5 508.1 507 471.2 686.9
Reference price 2 486.00 655.00 625.00 450.00 470.00 515.00
Nbr of stocks (in thousands) 1,750 1,750 1,750 1,750 1,750 1,750
Announcement Date 3/26/21 A 5/24/22 A 3/31/23 A 3/28/24 A 3/20/25 A 3/14/26 A
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.19B
132.81x - - - 55.84B
10.54x3.29x9.48x-.--% 21.7B
7.25x16.14x19.22x6.3% 20.03B
4.42x0.1x0.21x7.77% 15.4B
8.35x16.87x - 6.75% 8.31B
7.94x0.81x6.7x2.47% 5.9B
-2.21x1.6x70.23x-.--% 5.28B
6.03x13.85x20.92x5.78% 4.61B
Average 21.89x 7.52x 21.13x 4.15% 15.36B
Weighted average by Cap. 58.29x 7.55x 15.10x 4.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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