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 5,882 - -
Change - -23.69% -6.29% 10.89% 16.12% -6.24% - -
Enterprise Value (EV) 1 17,785 5,199 11,797 12,248 13,335 15,801 14,810 14,887
Change - -70.77% 126.9% 3.82% 8.88% 18.49% -6.27% 0.52%
P/E 7.37x 8.39x -3.34x 76.5x 8.5x 11.3x 9.43x 6.99x
PBR 0.79x 0.55x 0.6x 0.66x 0.73x 0.57x 0.55x 0.53x
PEG - -0.3x 0x -1x 0x -0.4x 0.5x 0.2x
Capitalization / Revenue 11.5x 8.57x 7.91x 5.4x 9.88x 8.7x 7.38x 7.31x
EV / Revenue 29.9x 8.57x 19.2x 12.2x 21x 23.4x 18.6x 18.5x
EV / EBITDA 32.6x 9.73x 21.4x 20.9x 20.7x 22.8x - 18.8x
EV / EBIT 35.7x 10x 22.3x 21.4x 21.7x 19.1x 19.1x 16.8x
EV / FCF 24.8x - 34x 31.8x 55.6x 45.7x 31.2x 22.4x
FCF Yield 4.03% - 2.94% 3.14% 1.8% 2.19% 3.21% 4.46%
Dividend per Share 2 3.75 3.75 3.3 3.5 3.75 3.982 4.026 4.176
Rate of return 5.19% 6.76% 6.78% 7.18% 6.62% 7.5% 7.58% 7.86%
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% 84.6% 71.5% 55%
Net sales 1 594.6 606.8 615.6 1,000 634.8 676 796.8 804.8
EBITDA 1 545.6 534.3 551 587 643 693 - 790
EBIT 1 498 517.5 530 571.8 615.7 828.6 776.9 888.4
Net income 1 923.6 620.7 -1,419 68.1 738.7 854 - 654
Net Debt 1 10,972 - 6,925 6,845 7,061 9,919 8,928 9,005
Reference price 2 72.20 55.45 48.68 48.76 56.65 53.10 53.10 53.10
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.($)
11.28x23.37x22.8x7.5% 6.7B
42.02x16.06x16.65x4.99% 61.17B
13.39x24.54x28.91x3.35% 17.67B
9.5x12.71x15.86x5.24% 17.22B
20.16x17.02x25.34x4.91% 15.04B
11.1x13.87x16.62x5.08% 12.6B
32.21x11.62x18.33x3.6% 10.89B
8.11x22.77x30.83x2.75% 10.81B
15.84x12.31x19.26x6.1% 9.64B
24.7x7.32x12x5.66% 8.88B
Average 18.83x 16.16x 20.66x 4.92% 17.06B
Weighted average by Cap. 25.20x 16.29x 19.76x 4.81%

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