Company Valuation: Ipsos

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,832 2,598 2,451 1,977 1,478 1,474 - -
Change - 41.8% -5.68% -19.33% -25.22% -0.28% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 1,812 1,752 1,591
Change - 20.84% 3.72% -20.34% -14.45% -1.33% -3.31% -9.19%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 7.2x 6.55x 6.13x
PBR 1.37x 1.75x 1.73x 1.25x - 0.88x 0.84x 0.76x
PEG - 0.7x -0.7x 0.3x -0.96x 0.6x 0.66x 0.9x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.58x 0.56x 0.54x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.71x 0.67x 0.59x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 4.59x 4.19x 3.62x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 5.82x 5.31x 4.57x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 9.14x 8.96x 7.25x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 10.9% 11.2% 13.8%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.085 2.257 2.46
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 6.05% 6.55% 7.14%
EPS 2 4.04 4.74 3.59 4.66 4.27 4.792 5.267 5.628
Distribution rate 28.5% 28.5% 46% 39.7% 46.8% 43.5% 42.9% 43.7%
Net sales 1 2,147 2,405 2,390 2,441 2,525 2,557 2,633 2,715
EBITDA 1 357.2 402.9 434.1 410.7 410.6 395 418.3 439.8
EBIT 1 277.4 314.7 312.4 319.5 309.3 311.4 329.9 348.4
Net income 1 183.9 215.2 159.7 204.5 186.6 198 218.3 234.3
Net Debt 1 317.8 - 244.3 169.8 358.3 338 278 116.9
Reference price 2 41.25 58.50 56.75 45.92 34.26 34.48 34.48 34.48
Nbr of stocks (in thousands) 44,424 44,419 43,186 43,057 43,153 42,757 - -
Announcement Date 23/2/22 15/2/23 21/2/24 26/2/25 24/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.63x1.37x6.2x4.44% 24.89B
8.33x0.98x5.28x4.74% 20.99B
11.38x4.98x8.82x7.72% 10.19B
14.32x - - 3.62% 4.59B
14.98x0.51x5.01x1.62% 4B
7.95x0.61x3.67x5.88% 3.62B
26.51x3.58x10.1x-.--% 2.62B
Average 13.73x 2.01x 6.51x 4% 10.13B
Weighted average by Cap. 11.69x 1.80x 6.26x 4.7%

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