Company Valuation: Ipsos

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,832 2,598 2,451 1,977 1,478 1,437 - -
Change - 41.8% -5.68% -19.33% -25.22% -2.77% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 1,794 1,715 1,554
Change - 20.84% 3.72% -20.34% -14.45% -2.3% -4.4% -9.39%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 7.02x 6.38x 5.97x
PBR 1.37x 1.75x 1.73x 1.25x - 0.86x 0.82x 0.74x
PEG - 0.7x -0.7x 0.3x -0.96x 0.6x 0.64x 0.87x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.56x 0.55x 0.53x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.7x 0.65x 0.57x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 4.54x 4.1x 3.53x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 5.82x 5.24x 4.49x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 9.05x 8.78x 7.08x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 11% 11.4% 14.1%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.085 2.257 2.46
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 6.2% 6.71% 7.32%
EPS 2 4.04 4.74 3.59 4.66 4.27 4.792 5.267 5.628
Distribution rate 28.5% 28.5% 46% 39.7% 46.8% 43.5% 42.9% 43.7%
Net sales 1 2,147 2,405 2,390 2,441 2,525 2,557 2,633 2,715
EBITDA 1 357.2 402.9 434.1 410.7 410.6 395 418.3 439.8
EBIT 1 277.4 314.7 312.4 319.5 309.3 308.2 327.5 346.1
Net income 1 183.9 215.2 159.7 204.5 186.6 201 218.3 234.3
Net Debt 1 317.8 - 244.3 169.8 358.3 357 278 116.9
Reference price 2 41.25 58.50 56.75 45.92 34.26 33.62 33.62 33.62
Nbr of stocks (in thousands) 44,424 44,419 43,186 43,057 43,153 42,757 - -
Announcement Date 2/23/22 A 2/15/23 A 2/21/24 A 2/26/25 A 2/24/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.17x0.71x4.63x6.07% 1.68B
12.67x1.38x6.25x4.44% 25.06B
9.14x1.06x5.71x4.32% 23.04B
11.79x5.19x9.42x7.44% 10.54B
15.32x - - 3.32% 5.03B
18.21x0.66x6.49x1.33% 4.89B
8.35x0.63x3.76x5.6% 3.86B
29.74x4.02x11.3x-.--% 2.94B
-34.2x1.38x5.84x-.--% 3.25B
Average 8.69x 1.88x 6.67x 3.61% 8.92B
Weighted average by Cap. 10.45x 1.82x 6.56x 4.29%

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