Valuation Altarea

Stocks

Market Closed - Euronext Paris Other stock markets 19:55:00 30/07/2026 +04			5-day change	1st Jan Change
101.80 ^EUR	+4.52%		+4.73%	-7.12%

06:10pm	Altarea: Rapid improvement in FFO	AL
07-29	Altarea: Remarkable cash generation in H1 26	AL

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	2,270	-	-
Change	-	-24.52%	-35.37%	27.76%	21.03%	-11.13%	-	-
Enterprise Value (EV) ¹	5,507	4,456	3,685	3,792	4,456	4,121	4,053	4,068
Change	-	-19.07%	-17.31%	2.89%	17.52%	-7.52%	-1.65%	0.36%
P/E	14.6x	7.97x	-3.54x	344x	296x	11.4x	9.43x	9.87x
PBR	1.51x	-	-	-	1.52x	0.99x	0.99x	0.98x
PEG	-	0.2x	0x	-3x	9.2x	0x	0.5x	-2.22x
Capitalization / Revenue	1.12x	0.85x	0.61x	0.86x	1.23x	0.97x	0.95x	0.91x
EV / Revenue	1.82x	1.48x	1.36x	1.54x	2.15x	1.76x	1.7x	1.62x
EV / EBITDA	12.5x	10.3x	-10x	15.6x	23.7x	11.3x	9.19x	8.55x
EV / EBIT	15.9x	10.9x	-7.74x	18.1x	29.4x	10.7x	8.55x	9.92x
EV / FCF	15.9x	13.6x	9.72x	10.5x	-119x	16.4x	19.1x	19.5x
FCF Yield	6.27%	7.33%	10.3%	9.57%	-0.84%	6.09%	5.23%	5.14%
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%	8.73%	9.24%	10.6%
EPS ²	11.49	15.83	-22.57	0.28	0.37	8.579	10.33	9.866
Distribution rate	84.9%	63.2%	-35.4%	2,857%	2,162%	99.1%	87.2%	105%
Net sales ¹	3,030	3,013	2,712	2,466	2,076	2,339	2,391	2,506
EBITDA ¹	439.2	430.7	-366.7	243.8	188.2	364	441	476
EBIT ¹	345.8	410.1	-476	209.4	151.7	384	474	410
Net income ¹	211.6	326.8	-472.9	6.1	8.4	215	286	207
Net Debt ¹	2,121	1,901	2,034	1,682	1,902	1,851	1,783	1,798
Reference price ²	167.60	126.20	80.00	96.40	109.60	97.40	97.40	97.40
Nbr of stocks (in thousands)	20,198	20,248	20,645	21,888	23,301	23,303	-	-
Announcement Date	22/02/22	28/02/23	27/02/24	25/02/25	24/02/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ALTAREA	11.35x	1.76x	11.32x	8.73%	2.58B
REALTY INCOME CORPORATION	41.98x	16.05x	16.64x	5%	61.12B
SEGRO PLC	13.26x	24.38x	28.73x	3.38%	17.44B
UNIBAIL-RODAMCO-WESTFIELD SE	9.54x	12.73x	15.89x	5.22%	17.27B
CAPITALAND INTEGRATED COMMERCIAL TRUST	20.74x	17.35x	25.82x	4.78%	15.44B
KLÉPIERRE	12.84x	14.22x	16.27x	5.06%	12.69B
FEDERAL REALTY INVESTMENT TRUST	31.14x	11.6x	18.3x	3.61%	10.87B
MERLIN PROPERTIES SOCIMI, S.A.	10x	21.8x	28.97x	2.91%	10.22B
CAPITALAND ASCENDAS REIT	16.42x	12.58x	19.69x	5.89%	9.97B
ALEXANDRIA REAL ESTATE EQUITIES, INC.	26.08x	7.52x	12.31x	5.36%	9.37B
Average	19.33x	14.00x	19.39x	4.99%	16.7B
Weighted average by Cap.	25.89x	15.71x	19.36x	4.75%