Company Valuation: Ipsos

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,832 2,598 2,451 1,977 1,478 1,528 - -
Change - 41.8% -5.68% -19.33% -25.22% 3.36% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 1,891 1,790 1,624
Change - 20.84% 3.72% -20.34% -14.45% 2.97% -5.34% -9.29%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 7.36x 6.74x 6.32x
PBR 1.37x 1.75x 1.73x 1.25x 0.94x 0.88x 0.86x 0.78x
PEG - 0.7x -0.7x 0.3x -0.96x 0.5x 0.73x 0.95x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.6x 0.58x 0.56x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.74x 0.68x 0.6x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 4.73x 4.22x 3.65x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 6.14x 5.44x 4.67x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 9.55x 8.14x 6.71x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 10.5% 12.3% 14.9%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.134 2.303 2.45
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 5.97% 6.44% 6.86%
EPS 2 4.04 4.74 3.59 4.66 4.27 4.854 5.302 5.654
Distribution rate 28.5% 28.5% 46% 39.7% 46.8% 44% 43.4% 43.3%
Net sales 1 2,147 2,405 2,390 2,441 2,525 2,566 2,642 2,723
EBITDA 1 357.2 402.9 434.1 410.7 410.6 399.8 424.1 445.3
EBIT 1 277.4 314.7 312.4 319.5 309.3 307.8 329.3 347.4
Net income 1 183.9 215.2 159.7 204.5 186.6 196 222 237.1
Net Debt 1 317.8 - 244.3 169.8 358.3 363.1 262 95.75
Reference price 2 41.25 58.50 56.75 45.92 34.26 35.74 35.74 35.74
Nbr of stocks (in thousands) 44,424 44,419 43,186 43,057 43,153 42,757 - -
Announcement Date 23/02/22 15/02/23 21/02/24 26/02/25 24/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.12x1.03x5.75x4.37% 21.59B
13.36x5.91x10.75x6.57% 12.02B
16.3x1.24x4.59x3.03% 5.54B
16.96x0.6x5.84x1.42% 4.63B
9.3x0.66x3.97x5.03% 4.34B
-34.73x1.39x5.89x-.--% 3.3B
18.43x0.39x5.61x2.46% 2.93B
Average 6.96x 1.60x 6.06x 3.27% 7.76B
Weighted average by Cap. 9.32x 2.05x 6.60x 4.15%

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