Company Valuation: TF1

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,836 1,506 1,505 1,544 1,757 1,391 - -
Change - -17.99% -0.08% 2.58% 13.82% -20.85% - -
Enterprise Value (EV) 1 1,702 1,180 999.7 1,038 1,242 1,010 1,046 1,143
Change - -30.64% -15.31% 3.79% 19.75% -18.69% 3.55% 9.25%
P/E 8.15x 8.62x 7.84x 7.54x 11.6x 13.7x 12.9x 10.3x
PBR 1.04x 0.81x 0.77x 0.75x 0.85x 0.68x 0.7x 0.73x
PEG - -0.4x 0.81x 1.14x -0.5x -0.4x 2.14x 0.4x
Capitalization / Revenue 0.76x 0.6x 0.66x 0.66x 0.76x 0.63x 0.62x 0.61x
EV / Revenue 0.7x 0.47x 0.44x 0.44x 0.54x 0.46x 0.47x 0.5x
EV / EBITDA 2.38x 1.55x 1.58x 1.48x 1.87x 1.8x 1.83x 1.89x
EV / EBIT 4.96x 3.73x 3.54x 3.59x 5.14x 6.53x 7.01x 6.2x
EV / FCF 5.35x 7.81x 3.04x 5.32x 16.2x -224x - -
FCF Yield 18.7% 12.8% 32.9% 18.8% 6.19% -0.45% - -
Dividend per Share 2 0.45 0.5 0.55 0.6 0.63 0.6506 0.6764 0.7233
Rate of return 5.16% 6.99% 7.71% 8.2% 7.56% 9.84% 10.2% 10.9%
EPS 2 1.07 0.83 0.91 0.97 0.72 0.4839 0.513 0.6396
Distribution rate 42.1% 60.2% 60.4% 61.9% 87.5% 134% 132% 113%
Net sales 1 2,427 2,508 2,297 2,356 2,297 2,207 2,243 2,285
EBITDA 1 714.2 762.1 632.4 700 665.3 561.8 571.7 603.8
EBIT 1 343.2 316.2 282.7 289 241.8 154.7 149.2 184.2
Net income 1 225.3 176.1 191.9 206 152.8 98.08 106.2 125
Net Debt 1 -134.8 -325.7 -505.1 -506.1 -514.6 -380.5 -344.6 -247.9
Reference price 2 8.725 7.155 7.135 7.315 8.330 6.615 6.615 6.615
Nbr of stocks (in thousands) 210,486 210,486 210,898 211,022 210,925 210,240 - -
Announcement Date 11/02/22 15/02/23 15/02/24 13/02/25 13/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.83x2.06x9.37x1.52% 172B
68.79x6.4x28.88x-.--% 22.9B
18.81x1.99x19.61x1.22% 5.82B
43.74x - - 2.05% 4.11B
11.73x0.97x6.09x6.12% 4.04B
-5.86x2.11x7.8x-.--% 3.8B
30.35x1.67x60.73x3.25% 3.39B
12.56x0.59x4.68x1.19% 3.13B
7.27x0.73x3.26x6.34% 2.42B
Average 22.69x 2.07x 17.55x 2.41% 24.57B
Weighted average by Cap. 22.32x 2.45x 12.28x 1.5%

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