Company Valuation: Ipsen

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 6,621 8,279 8,912 9,155 9,770 12,504 - -
Change - 25.05% 7.65% 2.72% 6.72% 27.98% - -
Enterprise Value (EV) 1 6,758 7,894 8,860 9,020 9,770 11,011 10,212 9,681
Change - 16.81% 12.22% 1.81% 8.31% 12.7% -7.26% -5.19%
P/E ratio 10.4x 12.9x 14x 26.7x 22.4x 15.3x 15x 14x
PBR 2.42x - 2.36x 2.22x - 2.41x 2.08x 1.81x
PEG - 20.02x -13.67x -0.6x 0.8x 0.2x 7.08x 2.04x
Capitalization / Revenue 2.31x 2.74x 2.85x 2.69x 2.49x 3.02x 2.91x 2.72x
EV / Revenue 2.36x 2.61x 2.83x 2.65x 2.49x 2.66x 2.37x 2.11x
EV / EBITDA 5.8x 5.86x 10.1x 7.52x 7.06x 7x 6.37x 5.59x
EV / EBIT 6.68x 7.08x 8.85x 8.13x 7.55x 8.1x 7.47x 6.86x
EV / FCF 8.31x 9.02x 12.5x 11.6x - 10.7x 11.1x 9.92x
FCF Yield 12% 11.1% 8.02% 8.59% - 9.3% 8.98% 10.1%
Dividend per Share 2 1.2 1.2 1.2 1.4 - 1.453 1.497 1.779
Rate of return 1.49% 1.19% 1.11% 1.26% - 0.95% 0.98% 1.17%
EPS 2 7.76 7.81 7.73 4.15 5.32 9.962 10.17 10.87
Distribution rate 15.5% 15.4% 15.5% 33.7% - 14.6% 14.7% 16.4%
Net sales 1 2,869 3,025 3,128 3,401 3,929 4,142 4,300 4,595
EBITDA 1 1,166 1,348 881.4 1,200 1,383 1,573 1,604 1,731
EBIT 1 1,011 1,115 1,001 1,109 1,294 1,359 1,367 1,411
Net income 1 646.6 647.5 647.2 347.3 444.5 839.5 835.6 875.8
Net Debt 1 137.8 -384.7 -52.9 -134.9 - -1,493 -2,292 -2,822
Reference price 2 80.50 100.50 107.90 110.70 119.00 152.30 152.30 152.30
Nbr of stocks (in thousands) 82,243 82,380 82,599 82,700 82,100 82,100 - -
Announcement Date 2/11/22 A 2/9/23 A 2/8/24 A 2/13/25 A 2/12/26 A - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.29x2.66x7x0.95% 14.3B
28.95x10.91x21.91x0.67% 880B
25.63x5.96x16.23x2.19% 582B
24x6.55x13.15x3.16% 388B
17.32x4.22x10.43x3.13% 324B
23.94x4.98x13.83x1.75% 295B
20.93x5.64x13.96x2.87% 293B
27.02x4.74x14.82x2.92% 286B
24.64x6.26x11.14x2.74% 197B
20.1x6.12x11.06x2.25% 180B
Average 22.78x 5.80x 13.35x 2.26% 344.05B
Weighted average by Cap. 24.69x 6.93x 15.67x 2.11%

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

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