Company Valuation: Retail Estates sa

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 977.4 917 934.4 886.9 991.7 990.2 - -
Change - -6.18% 1.9% -5.09% 11.83% -0.15% - -
Enterprise Value (EV) 1 977.4 917 934.4 886.9 991.7 1,904 1,967 2,002
Change - -6.18% 1.9% -5.09% 11.83% 92.01% 3.31% 1.78%
P/E 7.22x 5.01x 7.56x 8.27x 8.03x 10.3x 10x 8.73x
PBR 1.06x 0.84x 0.8x 0.73x 0.77x 0.75x 0.74x 0.73x
PEG - 0.2x -0.2x -0.5x 0.6x -0.5x 3.42x 0.6x
Capitalization / Revenue 8.44x 7.29x 6.7x 6.18x 6.79x 6.53x 6.26x 6.02x
EV / Revenue 8.44x 7.29x 6.7x 6.18x 6.79x 12.6x 12.4x 12.2x
EV / EBITDA - - 8.37x - 8.4x 15.5x 15.2x 14.7x
EV / EBIT 10.1x 15.5x 8.37x 7.76x 8.4x 15.7x 15.4x 15.1x
EV / FCF - - 12.4x - 13.6x 107x 57.4x 45.5x
FCF Yield - - 8.04% - 7.33% 0.93% 1.74% 2.2%
Dividend per Share 2 4.6 4.9 5 5.1 5.2 5.24 5.28 5.325
Rate of return 6.22% 7.53% 7.69% 8.46% 7.88% 7.95% 8.01% 8.08%
EPS 2 10.23 12.99 8.6 7.29 8.22 6.383 6.57 7.545
Distribution rate 45% 37.7% 58.1% 70% 63.3% 82.1% 80.4% 70.6%
Net sales 1 115.8 125.9 139.5 143.4 146.1 151.7 158.2 164.5
EBITDA 1 - - 111.6 - 118 123 129.4 136
EBIT 1 96.93 59.28 111.6 114.3 118 121.3 128.1 132.3
Net income 1 - - 123 - 123 95.75 99.65 108
Net Debt 1 - - - - - 914 977 1,012
Reference price 2 73.90 65.10 65.00 60.30 66.00 65.90 65.90 65.90
Nbr of stocks (in thousands) 13,226 14,086 14,376 14,707 15,026 15,026 - -
Announcement Date 16/06/22 26/05/23 27/05/24 26/05/25 22/05/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.32x12.56x15.48x7.95% 1.15B
34.72x14.38x18.86x4.25% 68.56B
28.03x11.01x14.89x4.53% 15.94B
30.59x11.5x16.72x4% 13.87B
15.51x11.17x16.24x6.46% 12.81B
38.64x15.43x18.63x4.39% 9.04B
25.07x9.88x14.69x4.26% 8.95B
21.48x13.89x15.25x5.49% 8.53B
15.32x15.16x16.46x5.53% 8.18B
10.14x7.9x10.61x8.74% 6.74B
Average 22.98x 12.29x 15.78x 5.56% 15.38B
Weighted average by Cap. 28.70x 13.02x 17.07x 4.81%

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

  1. Stock Market
  2. Stocks
  3. RET Stock
  4. Valuation Retail Estates sa
40% Discount: Identify Tomorrow's Best Investments With The Best Subscriber-Only Tools!
d
:
:
SEIZE THE OFFER!