Company Valuation: Covivio

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,813 5,199 4,872 5,403 6,274 5,711 - -
Change - -23.69% -6.29% 10.89% 16.12% -8.98% - -
Enterprise Value (EV) 1 17,785 5,199 11,797 12,248 13,335 14,392 14,613 14,648
Change - -70.77% 126.9% 3.82% 8.88% 7.92% 1.54% 0.24%
P/E 7.37x 8.39x -3.34x 76.5x 8.5x 11x 9.15x 6.78x
PBR 0.79x 0.55x 0.6x 0.66x 0.73x 0.55x 0.54x 0.51x
PEG - -0.3x 0x -1x 0x -0.4x 0.5x 0.2x
Capitalization / Revenue 11.5x 8.57x 7.91x 5.4x 9.88x 6.2x 5.25x 5.62x
EV / Revenue 29.9x 8.57x 19.2x 12.2x 21x 15.6x 13.4x 14.4x
EV / EBITDA 32.6x 9.73x 21.4x 20.9x 20.7x 20.8x 20.2x 18.5x
EV / EBIT 35.7x 10x 22.3x 21.4x 21.7x 20.3x 18.8x 16.5x
EV / FCF 24.8x - 34x 31.8x 55.6x -67.9x -67x 262x
FCF Yield 4.03% - 2.94% 3.14% 1.8% -1.47% -1.49% 0.38%
Dividend per Share 2 3.75 3.75 3.3 3.5 3.75 3.931 4.028 4.164
Rate of return 5.19% 6.76% 6.78% 7.18% 6.62% 7.63% 7.81% 8.08%
EPS 2 9.791 6.606 -14.55 0.637 6.667 4.707 5.633 7.599
Distribution rate 38.3% 56.8% -22.7% 549% 56.2% 83.5% 71.5% 54.8%
Net sales 1 594.6 606.8 615.6 1,000 634.8 920.5 1,088 1,016
EBITDA 1 545.6 534.3 551 587 643 693 722 790
EBIT 1 498 517.5 530 571.8 615.7 707.9 776 887.6
Net income 1 923.6 620.7 -1,419 68.1 738.7 854 700.6 654
Net Debt 1 10,972 - 6,925 6,845 7,061 8,681 8,903 8,938
Reference price 2 72.20 55.45 48.68 48.76 56.65 51.55 51.55 51.55
Nbr of stocks (in thousands) 94,369 93,764 100,084 110,805 110,750 110,776 - -
Announcement Date 2/22/22 A 2/21/23 A 2/15/24 A 2/19/25 A 2/18/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.95x15.64x20.77x7.63% 6.53B
40.42x15.68x16.26x5.17% 58.99B
9.34x12.62x15.75x5.32% 17.01B
13.54x22.52x26.48x3.81% 15.73B
20.33x17.14x25.11x4.87% 15.17B
10.34x13.5x16.19x5.34% 12.04B
7.92x22.41x30.34x2.81% 10.61B
31.56x11.37x17.94x3.71% 10.56B
15.94x12.29x19.2x6.13% 9.64B
23.62x7.17x11.75x5.92% 8.49B
Average 18.40x 15.03x 19.98x 5.07% 16.48B
Weighted average by Cap. 24.47x 15.51x 19.12x 4.99%

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