Company Valuation: TF1

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,836 1,506 1,505 1,544 1,757 1,466 - -
Change - -17.99% -0.08% 2.58% 13.82% -16.57% - -
Enterprise Value (EV) 1 1,702 1,180 999.7 1,038 1,242 1,090 1,087 1,129
Change - -30.64% -15.31% 3.79% 19.75% -12.28% -0.28% 3.88%
P/E 8.15x 8.62x 7.84x 7.54x 11.6x 15.2x 14.4x 12.1x
PBR 1.04x 0.81x 0.77x 0.75x 0.85x 0.72x 0.73x 0.76x
PEG - -0.4x 0.81x 1.14x -0.5x -0.4x 2.45x 0.6x
Capitalization / Revenue 0.76x 0.6x 0.66x 0.66x 0.76x 0.67x 0.66x 0.65x
EV / Revenue 0.7x 0.47x 0.44x 0.44x 0.54x 0.5x 0.49x 0.5x
EV / EBITDA 2.38x 1.55x 1.58x 1.48x 1.87x 1.96x 1.92x 1.94x
EV / EBIT 4.96x 3.73x 3.54x 3.59x 5.14x 7.17x 7.41x 6.81x
EV / FCF 5.35x 7.81x 3.04x 5.32x 16.2x -51.9x - -
FCF Yield 18.7% 12.8% 32.9% 18.8% 6.19% -1.93% - -
Dividend per Share 2 0.45 0.5 0.55 0.6 0.63 0.6633 0.6744 0.7233
Rate of return 5.16% 6.99% 7.71% 8.2% 7.56% 9.52% 9.68% 10.4%
EPS 2 1.07 0.83 0.91 0.97 0.72 0.4586 0.4856 0.5768
Distribution rate 42.1% 60.2% 60.4% 61.9% 87.5% 145% 139% 125%
Net sales 1 2,427 2,508 2,297 2,356 2,297 2,182 2,216 2,248
EBITDA 1 714.2 762.1 632.4 700 665.3 556.9 567 583.2
EBIT 1 343.2 316.2 282.7 289 241.8 152.1 146.7 165.9
Net income 1 225.3 176.1 191.9 206 152.8 96.34 105.1 125.5
Net Debt 1 -134.8 -325.7 -505.1 -506.1 -514.6 -376 -379.1 -336.9
Reference price 2 8.725 7.155 7.135 7.315 8.330 6.970 6.970 6.970
Nbr of stocks (in thousands) 210,486 210,486 210,898 211,022 210,925 210,308 - -
Announcement Date 2/11/22 A 2/15/23 A 2/15/24 A 2/13/25 A 2/13/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.51x2.15x9.66x1.45% 179B
46.03x6.54x28.09x-.--% 25.33B
18.79x1.86x18.39x1.71% 5.63B
42.47x - - 2.11% 4.02B
14.17x1.72x17.2x4.81% 3.71B
16.75x0.63x4.95x1.09% 3.64B
12.55x0.89x5.84x6.92% 3.62B
-6.44x2.15x7.82x-.--% 3.57B
7.94x0.73x3.29x5.87% 2.44B
Average 18.98x 2.08x 11.91x 2.66% 25.72B
Weighted average by Cap. 21.26x 2.56x 11.82x 1.47%

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