Company Valuation: Bourse Direct

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 188.7 280.5 224.5 227.6 281.8 - -
Change - 48.65% -19.97% 1.38% 23.81% - -
Enterprise Value (EV) 1 188.7 224 267.1 280.4 219.3 213.3 204.6
Change - 18.71% 19.24% 4.97% -21.8% -2.74% -4.08%
P/E 31.1x 17.5x 11.8x 11.6x 12.1x 11.4x 10.9x
PBR - - - - - - -
PEG - 0x 0.5x 4.29x 0.7x 1.71x 2.62x
Capitalization / Revenue - 4.1x 2.94x 2.95x 3.48x 3.4x 3.31x
EV / Revenue - 3.27x 3.5x 3.63x 2.71x 2.57x 2.4x
EV / EBITDA - 8.89x 9.09x 9.32x 6.6x 6.16x 5.71x
EV / EBIT - 10.3x 10.3x 10.5x 7.07x 6.54x 5.98x
EV / FCF - 10.1x 16.4x 17.6x 13.5x 10.9x 8.86x
FCF Yield - 9.93% 6.09% 5.69% 7.39% 9.14% 11.3%
Dividend per Share 2 - - 0.2 0.24 0.26 0.28 0.3
Rate of return - - 4.6% 5.44% 4.76% 5.13% 5.49%
EPS 2 0.11 0.3 0.37 0.38 0.45 0.48 0.5
Distribution rate - - 54.1% 63.2% 57.8% 58.3% 60%
Net sales 1 - 68.5 76.4 77.2 80.9 82.9 85.1
EBITDA 1 - 25.19 29.4 30.1 33.2 34.6 35.8
EBIT 1 - 21.82 26 26.7 31 32.6 34.2
Net income 1 5.685 15.9 19.1 19.7 23 24.2 25.4
Net Debt 1 - -56.49 42.62 52.8 -62.5 -68.5 -77.2
Reference price 2 3.420 5.260 4.350 4.410 5.460 5.460 5.460
Nbr of stocks (in thousands) 55,179 53,330 51,609 51,609 51,609 - -
Announcement Date 4/20/23 A 2/23/24 A 2/28/25 A 2/20/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.13x2.71x6.6x4.76% 320M
21.41x9.43x14.04x1.39% 85.84B
24.2x14.59x18.23x3.68% 62.61B
22.93x8.58x14.29x1.65% 58.85B
26.22x4.92x9.8x2.04% 52B
26.03x10.12x16.87x1.3% 51.77B
28.49x13.31x20.52x2.24% 18.78B
21.72x8.48x13.27x2.31% 18.52B
13.87x7.74x11.16x6.23% 16.91B
Average 21.89x 8.88x 13.87x 2.85% 40.62B
Weighted average by Cap. 23.49x 9.70x 14.75x 2.22%

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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  3. BSD Stock
  4. Valuation Bourse Direct