Company Valuation: Ipsen

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,621 8,279 8,912 9,155 9,770 12,823 - -
Change - 25.05% 7.65% 2.72% 6.72% 31.25% - -
Enterprise Value (EV) 1 6,758 7,894 8,860 9,020 9,225 11,585 10,524 9,714
Change - 16.81% 12.22% 1.81% 2.28% 25.58% -9.16% -7.7%
P/E 10.4x 12.9x 14x 26.7x 22.4x 13x 13.3x 13.4x
PBR 2.42x - 2.36x 2.22x 2.3x 2.51x 2.13x 1.84x
PEG - 20.02x -13.67x -0.6x 0.8x 0x -5.97x -22.26x
Capitalization / Revenue 2.31x 2.74x 2.85x 2.69x 2.49x 2.82x 2.77x 2.65x
EV / Revenue 2.36x 2.61x 2.83x 2.65x 2.35x 2.55x 2.27x 2.01x
EV / EBITDA 5.8x 5.86x 10.1x 7.52x 6.67x 6.12x 5.93x 5.42x
EV / EBIT 6.68x 7.08x 8.85x 8.13x 7.13x 7x 6.98x 6.5x
EV / FCF 8.31x 9.02x 12.5x 11.6x 8.93x 8.98x 8.65x 7.9x
FCF Yield 12% 11.1% 8.02% 8.59% 11.2% 11.1% 11.6% 12.7%
Dividend per Share 2 1.2 1.2 1.2 1.4 1.4 1.535 1.532 1.655
Rate of return 1.49% 1.19% 1.11% 1.26% 1.18% 0.98% 0.98% 1.06%
EPS 2 7.76 7.81 7.73 4.15 5.32 12.02 11.75 11.68
Distribution rate 15.5% 15.4% 15.5% 33.7% 26.3% 12.8% 13% 14.2%
Net sales 1 2,869 3,025 3,128 3,401 3,929 4,543 4,637 4,840
EBITDA 1 1,166 1,348 881.4 1,200 1,383 1,893 1,776 1,792
EBIT 1 1,011 1,115 1,001 1,109 1,294 1,656 1,508 1,494
Net income 1 646.6 647.5 647.2 347.3 444.5 1,011 985.4 981.3
Net Debt 1 137.8 -384.7 -52.9 -134.9 -544.5 -1,238 -2,299 -3,109
Reference price 2 80.50 100.50 107.90 110.70 119.00 156.40 156.40 156.40
Nbr of stocks (in thousands) 82,243 82,380 82,599 82,700 82,100 81,990 - -
Announcement Date 11/02/22 09/02/23 08/02/24 13/02/25 12/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.01x2.55x6.12x0.98% 14.91B
31.96x11.62x23.56x0.62% 1,001B
29.63x - - 2.02% 642B
32.65x7.56x15.72x2.69% 451B
18.78x4.58x11.35x2.9% 340B
19.52x5.11x12.66x3.19% 263B
20.44x4.2x12.01x2.1% 247B
24.19x6.38x11.35x2.64% 207B
12.74x4.63x9.67x3.94% 197B
-43.8x6.4x24.98x2.27% 180B
Average 15.91x 5.89x 14.16x 2.33% 354.12B
Weighted average by Cap. 23.19x 7.72x 17.12x 2.04%

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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