Company Valuation: Altarea

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,385 2,555 1,652 2,110 2,554 1,931 - -
Change - -24.52% -35.37% 27.76% 21.03% -24.39% - -
Enterprise Value (EV) 1 5,507 4,456 3,685 3,792 4,456 3,778 3,704 3,711
Change - -19.07% -17.31% 2.89% 17.52% -15.22% -1.95% 0.2%
P/E 14.6x 7.97x -3.54x 344x 296x 10.3x 8.2x 8.29x
PBR 1.51x - - - 1.52x 0.84x 0.84x 0.83x
PEG - 0.2x 0x -3x 9.2x 0x 0.3x -7.28x
Capitalization / Revenue 1.12x 0.85x 0.61x 0.86x 1.23x 0.85x 0.83x 0.8x
EV / Revenue 1.82x 1.48x 1.36x 1.54x 2.15x 1.66x 1.6x 1.53x
EV / EBITDA 12.5x 10.3x -10x 15.6x 23.7x 11x 8.48x 7.54x
EV / EBIT 15.9x 10.9x -7.74x 18.1x 29.4x 10.5x 7.88x 8.71x
EV / FCF 15.9x 13.6x 9.72x 10.5x -119x 14.7x 16.5x 16.6x
FCF Yield 6.27% 7.33% 10.3% 9.57% -0.84% 6.8% 6.07% 6.01%
Dividend per Share 2 9.75 10 8 8 8 8.5 9 10.36
Rate of return 5.82% 7.92% 10% 8.3% 7.3% 10.3% 10.9% 12.5%
EPS 2 11.49 15.83 -22.57 0.28 0.37 8.004 10.09 9.976
Distribution rate 84.9% 63.2% -35.4% 2,857% 2,162% 106% 89.2% 104%
Net sales 1 3,030 3,013 2,712 2,466 2,076 2,272 2,322 2,427
EBITDA 1 439.2 430.7 -366.7 243.8 188.2 344 437 492
EBIT 1 345.8 410.1 -476 209.4 151.7 361 470 426
Net income 1 211.6 326.8 -472.9 6.1 8.4 188 274 212
Net Debt 1 2,121 1,901 2,034 1,682 1,902 1,847 1,773 1,780
Reference price 2 167.60 126.20 80.00 96.40 109.60 82.70 82.70 82.70
Nbr of stocks (in thousands) 20,198 20,248 20,645 21,888 23,301 23,348 - -
Announcement Date 22/02/22 28/02/23 27/02/24 25/02/25 24/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.33x1.66x10.98x10.28% 2.2B
36.78x14.7x15.18x5.88% 52.39B
16.6x23.3x27.92x3.47% 16.86B
8.3x11.89x14.57x6.01% 15.1B
18.04x16.06x23.26x5.36% 13.95B
9.53x13.3x15.85x5.4% 11.94B
26.07x10.55x16.64x4.13% 9.6B
14.21x11.56x18.16x6.64% 8.91B
34.28x7.44x11.95x5.77% 8.7B
7.19x19.35x26.05x3.45% 8.65B
Average 18.13x 12.98x 18.06x 5.64% 14.83B
Weighted average by Cap. 23.32x 14.60x 18.04x 5.38%

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