Company Valuation: Fnac Darty

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,534 920.7 752.1 825.8 848.8 1,013 - -
Change - -39.99% -18.32% 9.8% 2.79% 19.37% - -
Enterprise Value (EV) 1 2,408 2,066 1,698 2,216 2,259 1,605 1,470 1,159
Change - -14.2% -17.82% 30.49% 1.96% -28.96% -8.43% -21.14%
P/E 10.7x 10.5x -10.1x 24.4x -6.02x 19.6x 11.6x 9.39x
PBR 0.99x 0.69x 0.56x 0.57x 0.64x 0.61x 0.58x -
PEG - -0.3x 0x -0x 0x -0x 0.2x 0.4x
Capitalization / Revenue 0.19x 0.12x 0.1x 0.1x 0.08x 0.1x 0.1x 0.1x
EV / Revenue 0.3x 0.26x 0.22x 0.27x 0.22x 0.15x 0.14x 0.11x
EV / EBITDA 3.88x 3.56x 3.19x 3.92x 3.39x 2.25x 1.98x 2.02x
EV / EBIT 8.89x 8.95x 9.93x 11.7x 11.1x 7.26x 6.02x 4.52x
EV / FCF 14.2x 9.93x 8.32x 5.84x 4.74x 4.66x 3.43x 2.53x
FCF Yield 7.06% 10.1% 12% 17.1% 21.1% 21.5% 29.1% 39.6%
Dividend per Share 2 2 1.4 0.45 1 1 1.107 1.299 1.46
Rate of return 3.48% 4.07% 1.64% 3.5% 3.45% 3.21% 3.76% 4.23%
EPS 2 5.37 3.28 -2.72 1.17 -4.81 1.76 2.962 3.675
Distribution rate 37.2% 42.7% -16.5% 85.5% -20.8% 62.9% 43.9% 39.7%
Net sales 1 8,043 7,949 7,875 8,253 10,330 10,498 10,621 10,599
EBITDA 1 621 580 533 565 667 713.2 742.5 573
EBIT 1 271 231 171 189 203 221 244.1 256.6
Net income 1 160 100 -75 35.9 -146 58.63 88.07 108
Net Debt 1 873.9 1,146 946 1,390 1,410 591.8 456.6 145.8
Reference price 2 57.50 34.44 27.50 28.55 28.95 34.50 34.50 34.50
Nbr of stocks (in thousands) 26,683 26,734 27,347 28,924 29,320 29,370 - -
Announcement Date 2/23/22 A 2/23/23 A 2/22/24 A 2/26/25 A 2/25/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.13x0.41x6.41x4.38% 18.51B
16.05x0.7x8x4.71% 5.34B
9.74x0.44x5.99x2.9% 4.09B
9.46x - - - 3.76B
12.76x0.34x7.23x2.6% 3.02B
7.95x0.14x2.84x2.28% 2.37B
14.4x0.84x11.15x4.27% 2.09B
Average 11.93x 0.48x 6.94x 3.52% 5.6B
Weighted average by Cap. 12.55x 0.46x 6.71x 3.96%

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