Company Valuation: Immobel NV

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 726.8 448.7 297.2 191.2 240.3 203.5 - -
Change - -38.26% -33.78% -35.64% 25.67% -15.31% - -
Enterprise Value (EV) 1 726.8 1,278 1,129 992.1 891.5 879.5 745.9 461.3
Change - 75.79% -11.62% -12.15% -10.14% -1.34% -15.19% -38.15%
P/E 7.88x 41.9x -7.74x -2.05x 5.03x 4.28x 2.94x 3.64x
PBR 1.27x 0.81x 0.61x 0.5x 0.55x 0.44x 0.39x 0.35x
PEG - -0.5x 0x -0x -0x -13.29x 0.1x -0.2x
Capitalization / Revenue 1.85x 1.84x 1.82x 0.5x 0.68x 0.43x 0.39x 0.51x
EV / Revenue 1.85x 5.24x 6.93x 2.61x 2.51x 1.85x 1.44x 1.15x
EV / EBITDA 5.68x 18.6x 32.3x 29.2x 14.3x 12.9x 8.4x 6.5x
EV / EBIT 7.34x 73.1x 42.4x -11.9x 15.5x 12.9x 8.4x 6.5x
EV / FCF - - -8.82x 18.3x 5.67x 26.3x 5.09x 2.16x
FCF Yield - - -11.3% 5.48% 17.6% 3.8% 19.7% 46.2%
Dividend per Share 2 3.05 3.05 1.2 - - - - -
Rate of return 4.18% 6.78% 4.03% - - - - -
EPS 2 9.247 1.075 -3.85 -9.14 4.67 4.655 6.779 5.46
Distribution rate 33% 284% -31.2% - - - - -
Net sales 1 392.8 243.9 162.8 379.4 354.8 476.7 517.9 400.1
EBITDA 1 127.9 68.6 35 34 62.19 68 88.83 71
EBIT 1 99.06 17.48 26.63 -83.18 57.43 68 88.83 71
Net income 1 92.15 10.72 -38.42 -93.7 48.45 47.54 69.26 55.8
Net Debt 1 - 829 832 800.8 651.1 676 542.4 257.8
Reference price 2 72.90 45.00 29.80 18.70 23.50 19.90 19.90 19.90
Nbr of stocks (in thousands) 9,970 9,972 9,972 10,227 10,227 10,228 - -
Announcement Date 10/03/22 09/03/23 11/03/24 01/03/25 04/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
4.28x1.85x12.93x-.--% 236M
14.04x4.51x12.17x3.61% 39.98B
17.8x3.94x15.85x1.38% 28.22B
7.88x1.42x7.8x4.49% 26.51B
5.45x0.65x1.36x9.17% 26.23B
13.78x3.08x14.74x2.54% 26.13B
10.63x2.15x9.15x3.95% 21.37B
7.85x0.87x3.17x2.85% 20.08B
13.11x6.41x16.85x1.66% 19.31B
37.44x13.73x34.11x3.16% 18.14B
Average 13.22x 3.86x 12.81x 3.28% 22.62B
Weighted average by Cap. 13.68x 3.82x 12.24x 3.71%

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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  4. Valuation Immobel NV
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