Company Valuation: FIDUCIAL Real Estate

Data adjusted to current consolidation scope
Fiscal Period: September 2020 2021 2022 2023 2024 2025
Market Cap 1 412.8 439.3 456.2 449 427.3 408
Change - 6.43% 3.85% -1.59% -4.84% -4.52%
Enterprise Value (EV) 1 632.2 622.5 618.8 607.7 575 577
Change - -1.54% -0.6% -1.79% -5.38% 0.34%
P/E 16.7x 14.6x 12.9x 14x 13.1x 17.4x
PBR 1.06x 1.05x 0.99x 0.93x 0.85x 0.9x
PEG - 0.7x 0.7x -1.51x 9.18x -0.6x
Capitalization / Revenue 5.16x 5.46x 5.39x 5.16x 4.94x 4.69x
EV / Revenue 7.91x 7.74x 7.31x 6.99x 6.65x 6.63x
EV / EBITDA 12.7x 12.4x 11.9x 11.3x 11x 12.2x
EV / EBIT 18.4x 18.2x 17x 16x 15.9x 16.3x
EV / FCF 20.3x 16.4x 256x -126x 85.7x -14.6x
FCF Yield 4.92% 6.09% 0.39% -0.79% 1.17% -6.83%
Dividend per Share 2 - 2.5 2.75 3.3 3.6 3.8
Rate of return - 1.37% 1.46% 1.77% 2.03% 2.25%
EPS 2 10.21 12.44 14.65 13.29 13.48 9.707
Distribution rate - 20.1% 18.8% 24.8% 26.7% 39.1%
Net sales 1 79.95 80.4 84.65 86.96 86.51 87.06
EBITDA 1 49.59 50.13 52.1 53.92 52.14 47.41
EBIT 1 34.38 34.18 36.42 38.09 36.14 35.3
Net income 1 24.51 29.88 35.23 32.08 32.54 23.43
Net Debt 1 219.4 183.2 162.5 158.7 147.8 169
Reference price 2 171.00 182.00 189.00 186.00 177.00 169.00
Nbr of stocks (in thousands) 2,414 2,414 2,414 2,414 2,414 2,414
Announcement Date 2/1/21 A 1/28/22 A 1/31/23 A 2/1/24 A 2/3/25 A 1/30/26 A
1EUR in Million2EUR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 443M
60.56x - - - 64.64B
13.75x4.48x12.05x3.68% 39.14B
5.61x0.73x1.51x8.77% 27.43B
8.05x1.45x8.04x4.4% 26.73B
17.28x3.88x15.6x1.42% 26.68B
13.18x3.02x14.44x2.65% 24.33B
9.11x3.35x7.66x-.--% 21.47B
10.19x2x8.23x4.12% 20.47B
7.95x0.88x3.21x2.81% 20.33B
Average 16.19x 2.47x 8.84x 3.48% 27.17B
Weighted average by Cap. 22.75x 2.62x 9.17x 3.61%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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