Projected Income Statement: Ipsos

Forecast Balance Sheet: Ipsos

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 318 - 244 170 358 355 231 95.7
Change - - - -30.33% 110.59% -0.92% -34.93% -58.57%
Announcement Date 23/2/22 15/2/23 21/2/24 26/2/25 24/2/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Ipsos

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 43.51 54.82 58.54 70.34 83.09 85.86 88.33 90.48
Change - 26% 6.77% 20.16% 18.13% 3.34% 2.87% 2.44%
Free Cash Flow (FCF) 1 302.5 270.2 225.6 268.1 218.9 198 219.9 241.9
Change - -10.66% -16.5% 18.8% -18.32% -9.58% 11.09% 10%
Announcement Date 23/2/22 15/2/23 21/2/24 26/2/25 24/2/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Ipsos

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 16.64% 16.75% 18.16% 16.83% 16.26% 15.58% 16.05% 16.35%
EBIT Margin (%) 12.92% 13.08% 13.07% 13.09% 12.25% 11.85% 12.43% 12.72%
EBT Margin (%) 11.65% 12.2% 9.98% 11.61% 10.09% 10.64% 11.58% 11.94%
Net margin (%) 8.57% 8.95% 6.68% 8.38% 7.39% 7.75% 8.39% 8.67%
FCF margin (%) 14.09% 11.23% 9.44% 10.98% 8.67% 7.72% 8.33% 8.89%
FCF / Net Income (%) 164.45% 125.59% 141.27% 131.07% 117.37% 99.53% 99.24% 102.55%

Profitability

        
ROA - - - - - - - -
ROE 15.09% 15.29% 15.78% 16.3% 15.29% 12.94% 13.17% 12.94%

Financial Health

        
Leverage (Debt/EBITDA) 0.89x - 0.56x 0.41x 0.87x 0.89x 0.54x 0.22x
Debt / Free cash flow 1.05x - 1.08x 0.63x 1.64x 1.79x 1.05x 0.4x

Capital Intensity

        
CAPEX / Current Assets (%) 2.03% 2.28% 2.45% 2.88% 3.29% 3.35% 3.34% 3.32%
CAPEX / EBITDA (%) 12.18% 13.61% 13.49% 17.13% 20.24% 21.48% 20.83% 20.33%
CAPEX / FCF (%) 14.39% 20.29% 25.94% 26.24% 37.95% 43.37% 40.16% 37.4%

Items per share

        
Cash flow per share 1 7.592 7.162 6.387 7.711 6.909 6.838 7.431 7.869
Change - -5.65% -10.82% 20.72% -10.4% -1.02% 8.67% 5.9%
Dividend per Share 1 1.15 1.35 1.65 1.85 2 2.134 2.302 2.45
Change - 17.39% 22.22% 12.12% 8.11% 6.68% 7.91% 6.41%
Book Value Per Share 1 30.02 33.48 32.79 36.62 36.32 40.14 42.31 47.02
Change - 11.51% -2.04% 11.66% -0.81% 10.49% 5.42% 11.12%
EPS 1 4.04 4.74 3.59 4.66 4.27 4.839 5.285 5.637
Change - 17.33% -24.26% 29.81% -8.37% 13.32% 9.23% 6.65%
Nbr of stocks (in thousands) 44,424 44,419 43,186 43,057 43,153 41,968 41,968 41,968
Announcement Date 23/2/22 15/2/23 21/2/24 26/2/25 24/2/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 7.14x 6.54x
PBR 0.86x 0.82x
EV / Sales 0.71x 0.64x
Yield 6.17% 6.66%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
34.56EUR
Average target price
52.57EUR
Spread / Average Target
+52.12%

Quarterly revenue - Rate of surprise

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