Company Valuation: Icade

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,776 3,044 2,693 1,741 1,668 1,557 - -
Change - -36.26% -11.54% -35.33% -4.21% -6.63% - -
Enterprise Value (EV) 1 11,709 9,921 6,141 5,195 5,114 4,647 4,426 3,957
Change - -15.28% -38.1% -15.41% -1.55% -9.14% -4.76% -10.59%
P/E 11.8x 56.4x -2.15x -6.31x -13.6x -23.5x 18.5x 6.27x
PBR 0.71x 0.46x 0.54x 0.4x 0.43x 0.41x 0.4x 0.4x
PEG - -0.7x 0x 0.1x 0.2x 0.5x -0x 0x
Capitalization / Revenue 2.88x 1.68x 1.76x 1.11x 1.15x 1.2x 1.17x 1.13x
EV / Revenue 7.05x 5.46x 4.02x 3.3x 3.53x 3.57x 3.34x 2.86x
EV / EBITDA 18.7x 15.3x 21.7x 21.7x 17.5x 16.2x 15.8x 13.7x
EV / EBIT 14.6x 25.9x 22.7x 18.7x 17.4x 17.1x 15.9x 13.7x
EV / FCF -23.5x -42.4x 4.66x 31.3x 21.6x 4.83x 5.33x 35.6x
FCF Yield -4.25% -2.36% 21.5% 3.2% 4.63% 20.7% 18.8% 2.81%
Dividend per Share 2 4.2 4.33 4.84 4.31 1.92 1.954 1.946 1.71
Rate of return 6.66% 10.8% 13.6% 18.8% 8.73% 9.51% 9.48% 8.32%
EPS 2 5.328 0.7136 -16.5 -3.64 -1.62 -0.8742 1.111 3.275
Distribution rate 78.8% 607% -29.3% -118% -119% -224% 175% 52.2%
Net sales 1 1,661 1,816 1,528 1,572 1,450 1,302 1,327 1,381
EBITDA 1 625.5 650.3 283 239 292.5 286.1 280.1 288.3
EBIT 1 800.6 382.5 270.1 277.5 294.6 271.6 278.1 289.4
Net income 1 400.1 54.1 -1,250 -275.9 -123 46.81 154.4 243.9
Net Debt 1 6,933 6,876 3,448 3,454 3,446 3,090 2,868 2,399
Reference price 2 63.10 40.24 35.54 22.98 22.00 20.54 20.54 20.54
Nbr of stocks (in thousands) 75,691 75,652 75,770 75,778 75,825 75,826 - -
Announcement Date 21/02/22 20/02/23 19/02/24 18/02/25 17/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.23x13.12x15.52x5.24% 15.86B
14.68x15.45x15.9x4.95% 6.69B
22.5x13.84x15.32x4.34% 6.35B
9.98x17.27x20.73x7.72% 6.22B
8.15x13.25x17.19x6.79% 6.11B
11.04x14.36x15.49x7.05% 5.65B
7.39x13.46x17.2x6.13% 5.43B
11.95x11.45x13.03x5.45% 4.88B
Average 13.74x 14.02x 16.30x 5.96% 7.15B
Weighted average by Cap. 15.70x 13.95x 16.23x 5.82%

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

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