Company Valuation: NEPI Rockcastle N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,556 3,455 3,974 4,959 5,332 5,518 - -
Change - -2.86% 15.05% 24.78% 7.52% 3.48% - -
Enterprise Value (EV) 1 5,351 5,805 6,204 7,478 8,033 8,537 8,920 9,192
Change - 8.49% 6.87% 20.54% 7.42% 6.27% 4.49% 3.06%
P/E - - - 8.07x 10.7x 9.16x 8.89x 7.86x
PBR 0.96x 0.88x 0.92x 0.96x 1.07x 1.06x 1.01x 0.97x
PEG - - - - -0.5x 0.4x 2.94x 0.6x
Capitalization / Revenue 10.3x 8.54x 8.09x 8.92x 8.63x 8.4x 7.83x 7.17x
EV / Revenue 15.4x 14.3x 12.6x 13.5x 13x 13x 12.7x 12x
EV / EBITDA 18.8x 14.7x 13.4x 14.2x 13.9x 14.1x 13.4x 12x
EV / EBIT 16.7x 10.8x 13.5x 14.2x 14x 14x 13.7x 13.2x
EV / FCF - - 35.7x 25.6x 31.6x 113x 27.2x 22.3x
FCF Yield - - 2.8% 3.91% 3.16% 0.88% 3.68% 4.49%
Dividend per Share 2 0.3442 0.5068 0.5128 0.5416 0.5583 0.5798 0.6142 0.6585
Rate of return 5.89% 8.93% 8.2% 7.67% 7.44% 7.43% 7.87% 8.44%
EPS 2 - - - 0.875 0.7014 0.8518 0.8776 0.992
Distribution rate - - - 61.9% 79.6% 68.1% 70% 66.4%
Net sales 1 346.9 404.6 491.2 555.9 618.1 656.5 704.3 769
EBITDA 1 284.9 395.5 462 527.5 576.7 603.3 665.6 763.8
EBIT 1 320.6 539.9 460.6 525.9 575.1 611.7 653 695.6
Net income 1 235 - 476.8 587.6 498.8 594.8 598.6 763.4
Net Debt 1 1,794 2,350 2,229 2,519 2,701 3,019 3,402 3,675
Reference price 2 5.840 5.673 6.251 7.059 7.503 7.801 7.801 7.801
Nbr of stocks (in thousands) 608,995 608,995 635,830 702,551 710,717 707,299 - -
Announcement Date 2/23/22 A 2/24/23 A 2/20/24 A 2/25/25 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.($)
9.16x13x14.15x7.43% 6.15B
64.94x - - - 69.72B
12.56x4.4x11.29x3.83% 39.78B
18.68x4.05x16.29x1.31% 28.81B
14.58x3.16x15.14x2.4% 26.9B
8.07x1.47x8.25x4.39% 26.87B
5.7x0.76x1.57x8.68% 27.72B
8.52x3.02x7.05x-.--% 20.19B
10.26x2.01x7.76x4.09% 20.62B
13.34x6.46x16.98x1.63% 19.11B
Average 16.58x 4.26x 10.94x 3.75% 28.59B
Weighted average by Cap. 24.58x 3.44x 10.66x 3.58%

Y-o-Y evolution of P/E

Valuation ratios - P/E - NEPI Rockcastle N.V.

Historical PBR trend

Valuation ratios - PBR - NEPI Rockcastle N.V.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - NEPI Rockcastle N.V.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - NEPI Rockcastle N.V.


Year-on-year evolution of the Yield

Valuation ratios - Yield - NEPI Rockcastle N.V.
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