Company Valuation: Trade Estates REIC

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 212.1 198.6 238 240.6 - -
Change - -6.36% 19.83% 1.1% - -
Enterprise Value (EV) 1 212.1 431 491.1 522.1 551.5 614.5
Change - 103.18% 13.95% 6.32% 5.63% 11.42%
P/E 4.37x 8.26x 5.95x 7.92x 7.76x 8.25x
PBR - 0.64x - - - -
PEG - -0.2x 0.1x -0.3x 3.88x -1.4x
Capitalization / Revenue - 4.3x 4.59x 4.4x 4.1x 4.05x
EV / Revenue - 9.33x 9.47x 9.55x 9.4x 10.3x
EV / EBITDA - 14.3x 15.7x 15x 14.6x 16x
EV / EBIT - 14.6x 16x 9.76x 10.1x 11x
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - 0.1 0.1953 0.135 0.145 0.145
Rate of return - 6.07% 9.94% 6.82% 7.32% 7.32%
EPS 2 0.4031 0.1994 0.33 0.25 0.255 0.24
Distribution rate - 50.2% 59.2% 54% 56.9% 60.4%
Net sales 1 - 46.19 51.87 54.7 58.7 59.4
EBITDA 1 - 30.08 31.3 34.85 37.8 38.4
EBIT 1 - 29.58 30.65 53.5 54.5 56
Net income 1 37.71 24.04 39.91 38.2 35.9 32.55
Net Debt 1 - 232.4 253.1 281.5 310.9 373.9
Reference price 2 1.760 1.648 1.965 1.980 1.980 1.980
Nbr of stocks (in thousands) 120,529 120,529 121,132 121,534 - -
Announcement Date 12/03/24 02/04/25 16/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.92x9.55x14.98x6.82% 273M
61.61x - - - 65.82B
14.08x4.56x12.27x3.6% 40.07B
5.7x0.76x1.57x8.64% 27.87B
8.36x1.48x7.93x4.24% 27.77B
17.83x3.95x15.87x1.37% 27.62B
13.63x3.06x14.66x2.57% 25.25B
9.19x3.49x7.71x-.--% 21.67B
8.18x0.91x3.3x2.73% 20.93B
10.37x2.04x8.39x4.05% 20.85B
Average 15.69x 3.31x 9.63x 3.78% 27.81B
Weighted average by Cap. 23.14x 2.69x 9.32x 3.53%

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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  2. Stocks
  3. TRESTATES Stock
  4. Valuation Trade Estates REIC