Company Valuation: Paris Realty Fund

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 91.3 73.6 99.56 70 58.82 48.95
Change - -19.39% 35.28% -29.69% -15.97% -16.78%
Enterprise Value (EV) 1 151.2 126.3 150 133.4 126.3 119
Change - -16.45% 18.73% -11.02% -5.34% -5.75%
P/E 11x 6.68x 24.7x -4.26x -10.9x -4.12x
PBR 0.66x 0.5x 0.69x 0.58x 0.53x 0.5x
PEG - 0.2x -0.4x 0x 0.2x -0x
Capitalization / Revenue 3.59x 2.96x 3.9x 2.47x 2.25x 1.97x
EV / Revenue 5.95x 5.08x 5.87x 4.71x 4.83x 4.78x
EV / EBITDA 15.5x 20.6x 46.4x 31.6x 32.3x 46x
EV / EBIT 15.7x 21.5x 47.5x 32.2x 32.9x 47.3x
EV / FCF 14.5x 39.6x 29.5x -210x 47.3x 40x
FCF Yield 6.89% 2.52% 3.39% -0.48% 2.11% 2.5%
Dividend per Share 2 2.3 4.7 3 1.5 1.5 -
Rate of return 3.8% 9.63% 4.55% 3.23% 3.85% -
EPS 2 5.49 7.3 2.67 -10.89 -3.57 -7.84
Distribution rate 41.9% 64.4% 112% -13.8% -42% -
Net sales 1 25.43 24.86 25.56 28.33 26.16 24.89
EBITDA 1 9.778 6.13 3.232 4.223 3.908 2.586
EBIT 1 9.607 5.885 3.16 4.147 3.84 2.516
Net income 1 8.15 11.03 4.036 -16.43 -5.386 -11.86
Net Debt 1 59.86 52.7 50.39 63.44 67.49 70.09
Reference price 2 60.50 48.80 66.00 46.40 39.00 32.30
Nbr of stocks (in thousands) 1,509 1,508 1,508 1,509 1,508 1,516
Announcement Date 4/13/21 A 4/14/22 A 4/14/23 A 4/17/24 A 4/22/25 A 5/7/26 A
1EUR in Million2EUR
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 40.4M
21.27x12.71x14.87x5.81% 14.68B
8.36x14.29x18.35x6.44% 7.12B
11.99x14.44x15.4x5.32% 6.08B
19.77x12.88x14.43x4.9% 5.61B
8.56x13.9x17.65x5.81% 5.74B
9.6x14.33x15.31x7.25% 5.56B
8.96x16x19.29x8.98% 5.19B
12.56x11.34x13x5.51% 5B
17.95x9.73x12.37x6.7% 4.22B
Average 13.22x 13.29x 15.63x 6.3% 5.92B
Weighted average by Cap. 14.24x 13.32x 15.66x 6.2%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Paris Realty Fund

Historical PBR trend

Valuation ratios - PBR - Paris Realty Fund

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Paris Realty Fund

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Paris Realty Fund

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