Company Valuation: Gecina

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,059 7,022 8,134 6,688 5,992 4,981 - -
Change - -22.49% 15.83% -17.78% -10.41% -16.88% - -
Enterprise Value (EV) 1 15,957 14,199 14,334 13,188 12,746 11,647 11,987 12,001
Change - -11.02% 0.95% -7.99% -3.36% -8.62% 2.92% 0.12%
P/E 10.7x 41.4x -4.56x 21.7x 13.4x 8.35x 8.63x 8.09x
PBR 0.7x 0.55x 0.77x 0.64x 0.57x 0.47x 0.46x 0.45x
PEG - -0.5x 0x -0x 0.3x 0.2x -2.67x 1.23x
Capitalization / Revenue 14.8x 11.2x 12.2x 9.63x 8.41x 6.98x 6.84x 6.52x
EV / Revenue 26x 22.7x 21.5x 19x 17.9x 16.3x 16.5x 15.7x
EV / EBITDA 33.5x 28.6x 26.8x 23.3x 21.6x 19.7x 19.8x 18.9x
EV / EBIT 34.3x 28.9x 28.4x 23.8x 21.9x 19.9x 19.7x 18.9x
EV / FCF 23.6x 64.9x 99.2x 90.8x 47.4x 23.9x 31.6x 17.7x
FCF Yield 4.23% 1.54% 1.01% 1.1% 2.11% 4.18% 3.16% 5.65%
Dividend per Share 2 5.3 5.3 5.3 5.45 5.5 5.607 5.678 5.847
Rate of return 4.31% 5.57% 4.81% 6.03% 6.8% 8.34% 8.44% 8.69%
EPS 2 11.53 2.299 -24.15 4.175 6.028 8.057 7.797 8.309
Distribution rate 46% 231% -21.9% 131% 91.2% 69.6% 72.8% 70.4%
Net sales 1 613.3 625.9 666.8 694.5 712.6 713.8 728.4 764.4
EBITDA 1 476.4 496.5 535 565.7 589.7 592.6 604 634.9
EBIT 1 464.6 491.5 505.3 554 582.2 585.9 607.2 635.2
Net income 1 849.3 169.6 -1,787 309.8 448.2 423.4 687.5 768.9
Net Debt 1 6,898 7,177 6,200 6,500 6,754 6,666 7,007 7,021
Reference price 2 122.90 95.15 110.10 90.45 80.90 67.25 67.25 67.25
Nbr of stocks (in thousands) 73,714 73,802 73,881 73,945 74,065 74,060 - -
Announcement Date 2/17/22 A 2/15/23 A 2/14/24 A 2/13/25 A 2/10/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.38x16.35x19.69x8.3% 5.77B
23.37x13.39x15.65x5.33% 16.08B
8.39x13.84x17.87x6.27% 6.56B
22.88x14.63x16.04x4.21% 6.48B
12.33x14.69x15.66x5.18% 6.4B
10.02x14.44x15.5x7.08% 5.76B
8.49x13.86x17.79x5.86% 5.72B
12.73x12.23x13.07x5.43% 5.21B
19.42x10.21x12.95x6.23% 4.57B
Average 14.00x 13.74x 16.03x 5.99% 6.95B
Weighted average by Cap. 15.47x 13.79x 16.07x 5.85%

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