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 1,622 - -
Change - 41.8% -5.68% -19.33% -25.22% 9.69% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 1,978 1,884 1,717
Change - 20.84% 3.72% -20.34% -14.45% 7.68% -4.76% -8.83%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 7.96x 7.29x 6.83x
PBR 1.37x 1.75x 1.73x 1.25x 0.94x 0.96x 0.93x 0.85x
PEG - 0.7x -0.7x 0.3x -0.96x 0.6x 0.79x 1.03x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.63x 0.61x 0.6x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.77x 0.71x 0.63x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 4.95x 4.44x 3.86x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 6.43x 5.72x 4.94x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 9.99x 8.57x 7.1x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 10% 11.7% 14.1%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.134 2.303 2.45
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 5.52% 5.96% 6.34%
EPS 2 4.04 4.74 3.59 4.66 4.27 4.854 5.302 5.654
Distribution rate 28.5% 28.5% 46% 39.7% 46.8% 44% 43.4% 43.3%
Net sales 1 2,147 2,405 2,390 2,441 2,525 2,566 2,642 2,723
EBITDA 1 357.2 402.9 434.1 410.7 410.6 399.8 424.1 445.3
EBIT 1 277.4 314.7 312.4 319.5 309.3 307.8 329.3 347.4
Net income 1 183.9 215.2 159.7 204.5 186.6 196 222 237.1
Net Debt 1 317.8 - 244.3 169.8 358.3 356.1 262 95.75
Reference price 2 41.25 58.50 56.75 45.92 34.26 38.64 38.64 38.64
Nbr of stocks (in thousands) 44,424 44,419 43,186 43,057 43,153 41,968 - -
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.($)
14.35x1.58x7.16x3.9% 29.1B
9.9x1.1x6.16x4.01% 23.45B
11.72x5.19x9.45x7.46% 10.6B
16.43x1.31x4.12x2.87% 5.95B
43.62x0.72x4.31x3.9% 5.63B
-56.01x1.76x7.4x0% 5.09B
14.75x0.5x4.92x1.62% 4.02B
35.66x4.64x12.55x-.--% 3.47B
Average 11.30x 2.10x 7.01x 2.97% 10.91B
Weighted average by Cap. 11.63x 1.90x 6.90x 3.81%

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