Company Valuation: SIPEF

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 674.2 654.6 609.2 611.5 993.2 1,287 - -
Change - -2.91% -6.93% 0.38% 62.41% 29.6% - -
Enterprise Value (EV) 1 723.4 662.4 638 629.6 904.8 1,183 1,158 1,094
Change - -8.44% -3.68% -1.31% 43.71% 30.79% -2.17% -5.48%
P/E 7.2x 6.08x 8.39x 9.3x 7.93x 10.2x 10.4x 10.1x
PBR 0.93x 0.8x 0.71x - 0.99x - - -
PEG - 0.4x -0.3x -0.98x 0.1x 20.43x -5.46x 3.74x
Capitalization / Revenue 1.62x 1.24x 1.37x 1.38x 1.74x 2.09x 2.17x 2.19x
EV / Revenue 1.74x 1.26x 1.44x 1.42x 1.59x 1.92x 1.96x 1.86x
EV / EBITDA 4.1x 2.93x 3.97x 3.94x 3.74x 4.63x 4.9x 4.54x
EV / EBIT 5.66x 3.71x 5.91x 6.05x 4.82x 6.06x 6.04x 5.56x
EV / FCF 7.89x 7.7x 40.8x - 6.81x 13.4x 11.4x 9.9x
FCF Yield 12.7% 13% 2.45% - 14.7% 7.44% 8.8% 10.1%
Dividend per Share 2 2.273 3.202 2.152 2.089 5.103 4.565 4.52 4.585
Rate of return 3.51% 5.09% 3.67% 3.55% 5.35% 3.7% 3.66% 3.71%
EPS 2 8.99 10.36 6.98 6.32 12.02 12.08 11.85 12.17
Distribution rate 25.3% 30.9% 30.8% 33.1% 42.5% 37.8% 38.1% 37.7%
Net sales 1 416.1 527.5 443.9 443.8 570.4 616 592 589
EBITDA 1 176.4 226.3 160.7 160 242 255.6 236.4 241.2
EBIT 1 127.8 178.3 108 104.1 187.7 195.2 191.7 196.9
Net income 1 93.75 108.2 72.74 65.84 125.4 129.9 118.7 121.8
Net Debt 1 49.19 7.765 28.77 18.09 -88.36 -103.7 -129.4 -192.8
Reference price 2 64.71 62.95 58.58 58.81 95.34 123.48 123.48 123.48
Nbr of stocks (in thousands) 10,419 10,399 10,399 10,399 10,417 10,424 - -
Announcement Date 17/02/22 16/02/23 15/02/24 13/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.63x2.17x9.44x3.21% 10.4B
19.97x2.67x14.9x2.45% 7.24B
12.57x3.27x8.02x4.61% 5.44B
13.57x1.12x9.13x3.14% 4.88B
14.38x2.19x7.27x4.85% 2.88B
9.59x3.11x8.11x9.66% 2.2B
10.22x1.92x4.63x3.7% 1.29B
Average 13.70x 2.35x 8.79x 4.52% 4.9B
Weighted average by Cap. 15.07x 2.35x 9.87x 3.83%

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