Company Valuation: ageas SA/NV

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,475 7,655 7,220 8,541 11,406 13,999 - -
Change - -9.68% -5.69% 18.3% 33.54% 22.74% - -
Enterprise Value (EV) 12,902 12,831 7,220 8,541 11,406 13,999 13,999 13,999
Change - -0.55% -43.73% 18.3% 33.54% 22.74% 0% 0%
P/E 10.1x 7.56x 7.59x 7.68x 6.67x 9.51x 9.02x 8.5x
PBR 0.71x 1x - 1.1x 1.21x 1.46x 1.34x 1.22x
PEG - 0.4x -1.38x 0.4x 0.1x -0.7x 1.65x 1.4x
Capitalization / Revenue 0.94x 0.86x - 0.46x 0.58x 1.15x 1.12x 1.08x
EV / Revenue 0x 0x - 0x 0x 1.15x 1.12x 1.08x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x - 0x 0x 6.83x 6.38x 5.83x
EV / FCF -0x -0x - 0x 0x 12x 11.3x 10.2x
FCF Yield -13.2% -8.94% - 9.39% 23.8% 8.31% 8.89% 9.79%
Dividend per Share 2 2.75 3 3.25 3.5 3.75 4.041 4.359 4.658
Rate of return 6.04% 7.24% 8.27% 7.46% 6.27% 5.51% 5.94% 6.35%
EPS 2 4.52 5.48 5.179 6.109 8.963 7.714 8.136 8.63
Distribution rate 60.8% 54.7% 62.8% 57.3% 41.8% 52.4% 53.6% 54%
Net sales 1 8,978 8,930 - 18,488 19,622 12,197 12,522 12,917
EBITDA - - - - - - - -
EBIT 1 1,370 1,499 - 1,861 2,460 2,049 2,195 2,399
Net income 1 845 1,010 953 1,118 1,712 1,498 1,670 1,697
Net Debt 4,426 5,176 - - - - - -
Reference price 2 45.55 41.42 39.31 46.90 59.80 73.40 73.40 73.40
Nbr of stocks (in thousands) 186,070 184,820 183,656 182,106 190,728 190,727 - -
Announcement Date 23/02/22 22/02/23 28/02/24 28/02/25 25/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.43x - - 4.13% 195B
12.88x3.03x10.93x1.16% 133B
15.25x - - 5.58% 110B
22.61x3.86x13.57x1.92% 92.9B
9.85x1.47x - 1.76% 37.65B
-361.64x1.2x - 3.86% 26.32B
12.38x - - 2.95% 23.96B
12.67x - - 4.24% 23.53B
10.31x - - 6.78% 17.02B
Average -27.92x 2.39x 12.25x 3.6% 73.29B
Weighted average by Cap. -0.10x 2.93x 12.01x 3.34%

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