Company Valuation: Assystem

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 554.4 600.4 736.4 701.6 634.2 602.5 - -
Change - 8.3% 22.65% -4.73% -9.6% -5% - -
Enterprise Value (EV) 1 653.7 651.3 788.6 750.9 693.9 641.8 628.6 593
Change - -0.37% 21.08% -4.79% -7.59% -7.51% -2.05% -5.67%
P/E 16.4x 12.5x 7.29x 87.9x 85.7x 15x 13.6x 12.5x
PBR 1.57x 1.82x 1.53x 2.35x 2.21x 1.92x 1.76x 1.62x
PEG - 0.3x 0x -1x -10.86x 0x 1.3x 1.45x
Capitalization / Revenue 1.15x 1.22x 1.28x 1.15x 0.97x 0.89x 0.86x 0.83x
EV / Revenue 1.35x 1.32x 1.37x 1.23x 1.06x 0.95x 0.9x 0.81x
EV / EBITDA 14.8x 13.7x 13.9x 13.1x 11.2x 10x 9.5x 8.66x
EV / EBIT 21.4x 20.9x 18.7x 30.9x 15.4x 13.5x 12.7x 11.3x
EV / FCF 97.6x 20.6x 25.4x 21.7x 16.4x 16.3x 15.3x 13.3x
FCF Yield 1.02% 4.85% 3.93% 4.61% 6.08% 6.12% 6.55% 7.5%
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% 2.39% 2.39% 2.47%
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 40.60 40.60 40.60
Nbr of stocks (in thousands) 14,785 14,788 14,877 14,754 14,852 14,839 - -
Announcement Date 3/15/22 A 3/14/23 A 3/13/24 A 3/18/25 A 3/10/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.02x0.95x10.05x2.39% 701M
53.95x2.48x23.7x0.07% 93.02B
12.17x1.05x5.73x4.81% 71.23B
32.75x4.11x22.32x0.21% 55.9B
26.58x2.04x20.06x1.15% 56.91B
50.33x4.01x25.51x1.81% 40.19B
28.45x0.7x11.59x2.18% 35.8B
22.85x1.56x14.37x0.2% 33.01B
22.61x0.46x7.27x2.61% 31.19B
5.07x0.31x5.83x5.8% 27.03B
Average 26.98x 1.77x 14.64x 2.12% 44.5B
Weighted average by Cap. 31.18x 2.05x 16.42x 1.85%

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

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