Company Valuation: Covivio

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,813 5,199 4,872 5,403 6,274 5,139 - -
Change - -23.69% -6.29% 10.89% 16.12% -18.09% - -
Enterprise Value (EV) 1 17,785 5,199 11,797 12,248 13,335 13,089 13,346 13,436
Change - -70.77% 126.9% 3.82% 8.88% -1.84% 1.96% 0.67%
P/E 7.37x 8.39x -3.34x 76.5x 8.5x 9.93x 9.52x 7.34x
PBR 0.79x 0.55x 0.6x 0.66x 0.73x 0.54x 0.52x 0.5x
PEG - -0.3x 0x -1x 0x -0.3x 2.23x 0.2x
Capitalization / Revenue 11.5x 8.57x 7.91x 5.4x 9.88x 7.31x 7.09x 6.84x
EV / Revenue 29.9x 8.57x 19.2x 12.2x 21x 18.6x 18.4x 17.9x
EV / EBITDA 32.6x 9.73x 21.4x 20.9x 20.7x 20.3x 19.7x 18.9x
EV / EBIT 35.7x 10x 22.3x 21.4x 21.7x 16.9x 16.3x 14.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3.75 3.75 3.3 3.5 3.75 3.95 4.038 4.167
Rate of return 5.19% 6.76% 6.78% 7.18% 6.62% 8.52% 8.71% 8.99%
EPS 2 9.791 6.606 -14.55 0.637 6.667 4.672 4.871 6.321
Distribution rate 38.3% 56.8% -22.7% 549% 56.2% 84.5% 82.9% 65.9%
Net sales 1 594.6 606.8 615.6 1,000 634.8 703.3 724.9 751.7
EBITDA 1 545.6 534.3 551 587 643 644.2 679.2 709.8
EBIT 1 498 517.5 530 571.8 615.7 773.3 817.4 932.9
Net income 1 923.6 620.7 -1,419 68.1 738.7 575.8 637.8 814.3
Net Debt 1 10,972 - 6,925 6,845 7,061 7,950 8,207 8,297
Reference price 2 72.20 55.45 48.68 48.76 56.65 46.38 46.38 46.38
Nbr of stocks (in thousands) 94,369 93,764 100,084 110,805 110,750 110,804 - -
Announcement Date 22/02/22 21/02/23 15/02/24 19/02/25 18/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.7x14.68x15.15x5.89% 52.39B
16.74x23.44x28.08x3.44% 16.86B
8x11.93x14.61x5.97% 15.1B
18.04x16.06x23.26x5.36% 13.95B
9.19x13.24x15.77x5.44% 11.94B
26.03x10.54x16.62x4.14% 9.6B
14.21x11.56x18.16x6.64% 8.91B
34.65x7.48x12x5.71% 8.7B
7.12x19.26x25.88x3.48% 8.65B
Average 18.96x 14.24x 18.84x 5.12% 16.23B
Weighted average by Cap. 23.45x 14.80x 18.14x 5.31%

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