Company Valuation: Altareit

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 850.7 1,146 1,094 787.6 822.6 901.4
Change - 34.76% -4.58% -28% 4.44% 9.58%
Enterprise Value (EV) 1 1,118 1,486 1,602 1,295 1,294 1,588
Change - 32.92% 7.82% -19.19% -0.06% 22.76%
P/E 12.2x 15.9x 14.7x -2.42x -13.5x -13.4x
PBR 0.9x 1.12x 0.99x 1.01x 1.15x 1.37x
PEG - 3.93x 4.82x 0x 0.2x -1.34x
Capitalization / Revenue 0.28x 0.38x 0.37x 0.3x 0.32x 0.46x
EV / Revenue 0.37x 0.5x 0.54x 0.5x 0.5x 0.8x
EV / EBITDA 7.75x 9.66x 12x -6.32x 46.7x -224x
EV / EBIT 8.11x 10.1x 14.4x -3.94x 65.7x -42x
EV / FCF 4.64x -77.9x -10.2x 11.7x 6.33x -4.97x
FCF Yield 21.6% -1.28% -9.82% 8.52% 15.8% -20.1%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 39.69 41.29 42.55 -186.2 -34.89 -38.38
Distribution rate - - - - - -
Net sales 1 3,017 3,000 2,966 2,604 2,608 1,978
EBITDA 1 144.3 153.9 134 -204.8 27.7 -7.1
EBIT 1 137.8 147.5 111.4 -328.3 19.7 -37.8
Net income 1 69.4 72.2 74.4 -325.6 -61 -67.1
Net Debt 1 267.2 339.5 508.1 507 471.2 686.9
Reference price 2 486.00 655.00 625.00 450.00 470.00 515.00
Nbr of stocks (in thousands) 1,750 1,750 1,750 1,750 1,750 1,750
Announcement Date 26/3/21 24/5/22 31/3/23 28/3/24 20/3/25 14/3/26
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.17B
56.74x - - - 60.69B
9.88x3.37x8.95x-.--% 20.28B
7.55x16.21x19.16x6.18% 20.02B
4.21x0.09x0.18x8.22% 14.33B
8.39x16.87x - 6.31% 8.21B
7.83x0.81x6.63x2.5% 5.7B
-1.78x1.76x129.58x-.--% 5.09B
5.38x13.74x20.44x5.91% 4.44B
Average 12.27x 7.55x 30.82x 4.16% 15.55B
Weighted average by Cap. 28.71x 7.78x 19.40x 4.28%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA