Company Valuation: INDITEX

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 83,293 89,057 123,620 164,209 171,311 178,911 - -
Change - 6.92% 38.81% 32.83% 4.32% 4.44% - -
Enterprise Value (EV) 1 73,934 78,987 112,214 152,714 160,353 173,330 172,676 171,915
Change - 6.83% 42.07% 36.09% 5% 8.09% -0.38% -0.44%
P/E 25.7x 21.6x 23x 28x 27.5x 26.4x 24.1x 22.2x
PBR 5.29x 5.24x 6.63x 8.34x 8.4x 8.31x 7.73x 7.46x
PEG - 0.8x 0.8x 3.12x 4.47x 2.95x 2.61x 2.57x
Capitalization / Revenue 3.01x 2.73x 3.44x 4.25x 4.3x 4.19x 3.9x 3.65x
EV / Revenue 2.67x 2.43x 3.12x 3.95x 4.02x 4.06x 3.77x 3.51x
EV / EBITDA 10.3x 9.13x 11.4x 14.2x 14.2x 14.3x 13.2x 12.2x
EV / EBIT 17.3x 14.3x 16.5x 20.2x 20.1x 19.9x 18.2x 16.7x
EV / FCF 13.1x 21.7x 16.5x 23.1x 34.2x 27.9x 24.4x 22.3x
FCF Yield 7.61% 4.61% 6.06% 4.33% 2.92% 3.59% 4.09% 4.48%
Dividend per Share 2 0.93 1.2 1.54 1.68 1.75 1.939 2.108 2.278
Rate of return 3.48% 4.19% 3.88% 3.19% 3.18% 3.38% 3.67% 3.97%
EPS 2 1.042 1.327 1.729 1.884 2 2.179 2.38 2.585
Distribution rate 89.3% 90.4% 89.1% 89.2% 87.5% 89% 88.6% 88.1%
Net sales 1 27,716 32,569 35,947 38,632 39,864 42,690 45,852 49,026
EBITDA 1 7,183 8,649 9,850 10,728 11,267 12,080 13,074 14,069
EBIT 1 4,282 5,520 6,809 7,554 7,997 8,707 9,496 10,288
Net income 1 3,243 4,130 5,381 5,866 6,220 6,789 7,422 8,070
Net Debt 1 -9,359 -10,070 -11,406 -11,495 -10,958 -5,581 -6,235 -6,996
Reference price 2 26.74 28.62 39.71 52.72 55.00 57.44 57.44 57.44
Nbr of stocks (in thousands) 3,114,926 3,111,719 3,113,070 3,114,746 3,114,746 3,114,746 - -
Announcement Date 16/03/22 15/03/23 13/03/24 12/03/25 10/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.36x4.06x14.35x3.38% 208B
41.36x5.09x21.07x0.9% 136B
26.74x2.72x17.51x0.77% 73.69B
46.54x2.64x10.12x1.38% 34.94B
22.39x1.5x8.5x4.17% 29.28B
15.4x3x11.5x1.53% 24.35B
18.95x2.62x11.74x1.89% 23.67B
23.1x1.37x11.66x-.--% 16.67B
15.02x1.79x7.58x4.31% 10.68B
Average 26.21x 2.75x 12.67x 2.04% 61.9B
Weighted average by Cap. 30.02x 3.68x 15.39x 2.12%

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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