Company Valuation: Vicat

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,591 1,038 1,458 1,630 3,385 2,698 - -
Change - -34.77% 40.49% 11.83% 107.6% -20.28% - -
Enterprise Value (EV) 1 2,941 2,658 2,880 2,867 4,536 3,711 3,546 3,422
Change - -9.65% 8.36% -0.44% 58.18% -18.18% -4.46% -3.49%
P/E 7.91x 6.74x 5.7x 6.02x 12.4x 9.61x 8.36x 8.57x
PBR 0.67x 0.4x - - 1.15x 0.83x 0.79x 0.71x
PEG - -0.3x 0.1x 1.05x 18.88x 3.31x 0.6x -3.52x
Capitalization / Revenue 0.51x 0.28x 0.37x 0.42x 0.88x 0.67x 0.65x 0.62x
EV / Revenue 0.94x 0.73x 0.73x 0.74x 1.18x 0.92x 0.85x 0.79x
EV / EBITDA 4.75x 4.66x 3.89x 3.66x 5.88x 4.64x 4.18x 3.82x
EV / EBIT 8.17x 9.34x 6.66x 6.27x 10.2x 7.99x 6.96x 6.32x
EV / FCF 56.2x -40.6x 10.3x 7.53x 12.9x 16.9x 14.5x 12.8x
FCF Yield 1.78% -2.46% 9.7% 13.3% 7.72% 5.93% 6.88% 7.78%
Dividend per Share 2 1.65 1.65 2 2 2 2.178 2.259 2
Rate of return 4.58% 7.04% 6.09% 5.46% 2.63% 3.59% 3.73% 3.3%
EPS 2 4.55 3.48 5.76 6.09 6.13 6.308 7.246 7.07
Distribution rate 36.3% 47.4% 34.7% 32.8% 32.6% 34.5% 31.2% 28.3%
Net sales 1 3,123 3,642 3,937 3,884 3,854 4,056 4,153 4,359
EBITDA 1 619.1 570.1 739.7 783 771 799.5 847.5 895.1
EBIT 1 359.9 284.5 432.8 457 445 464.4 509.5 541.2
Net income 1 204.2 156.1 258.4 273 275 255 311.8 308
Net Debt 1 1,351 1,620 1,422 1,237 1,151 1,013 847.6 724
Reference price 2 36.00 23.45 32.85 36.65 76.00 60.60 60.60 60.60
Nbr of stocks (in thousands) 44,192 44,257 44,385 44,488 44,538 44,527 - -
Announcement Date 2/15/22 A 2/14/23 A 2/13/24 A 2/18/25 A 2/16/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.6x2.56x10.1x2.75% 45.97B
27.34x3.49x12.43x-.--% 16.3B
12.64x3.42x6.98x5.89% 13.07B
13.87x0.6x2.82x4.5% 12.86B
42.25x3.19x15.43x0.71% 8.24B
8.29x1.2x4.66x1.99% 7.77B
20x6.6x12.25x4.81% 6.9B
13.7x1.47x5.53x2.97% 6.4B
25.59x1.35x6.58x2.18% 5.61B
Average 20.25x 2.65x 8.53x 2.87% 13.68B
Weighted average by Cap. 19.71x 2.64x 9.05x 2.82%

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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