Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 140.1 - -
Change - -39.93% 22.47% -28.22% 6.71% -24.93% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 302.2 273.8 242.4
Change - -26.53% 12.65% -25.46% 16.55% -27.84% -9.4% -11.49%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 6.69x 5.1x 4.4x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.48x 0.45x 0.42x
PEG - -0.3x 0x -0x -0x 0x 0.2x 0.3x
Capitalization / Revenue 0.63x 0.36x 0.4x 0.27x 0.29x 0.21x 0.2x 0.2x
EV / Revenue 1.11x 0.77x 0.78x 0.55x 0.65x 0.46x 0.4x 0.34x
EV / EBITDA 5.56x 4.45x 4.43x 2.91x 3.4x 2.14x 1.8x 1.52x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 5.79x 4.61x 3.79x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 13.1x 9.8x 7.84x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 7.64% 10.2% 12.7%
Dividend per Share 2 0.5 - - - - - - -
Rate of return 2.08% - - - - - - -
EPS 2 1.9 1 -0.5 -1.1 0.7 1.525 2 2.32
Distribution rate 26.3% - - - - - - -
Net sales 1 524.7 555.6 616 654.5 649.2 659.6 684 706.6
EBITDA 1 104.7 96.2 108.8 123.6 123.3 141 152 159
EBIT 1 39.9 25.67 31.67 39.48 38.09 52.15 59.35 63.9
Net income 1 26.22 13.62 -7.407 -14.71 9.398 21.3 28 32.3
Net Debt 1 251.3 229 238.5 184.5 232.3 162.2 133.8 102.3
Reference price 2 24.00 14.56 17.86 12.75 13.55 10.20 10.20 10.20
Nbr of stocks (in thousands) 13,796 13,660 13,638 13,712 13,768 13,731 - -
Announcement Date 24/03/22 23/03/23 27/03/24 27/03/25 26/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
6.9x0.46x2.16x-.--% 158M
18.63x5.36x9.57x1.71% 345B
21.46x4.29x13.46x1.77% 199B
68.22x6.68x17.87x-.--% 109B
33.74x3.22x11.65x0.2% 42.61B
13.36x82.63x704.67x-.--% 35.43B
33.63x13.09x21.29x-.--% 29.7B
34.79x2.13x19.51x-.--% 17.88B
24.7x3.55x11.95x - 13B
85.34x8.11x34.77x-.--% 12.43B
Average 34.08x 12.95x 84.69x 0.41% 80.43B
Weighted average by Cap. 28.67x 8.79x 43.47x 1.2%

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