Company Valuation: Ipsos SA

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 1,781 - -
Change - 41.8% -5.68% -19.33% -25.22% 20.48% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 2,144 2,043 1,877
Change - 20.84% 3.72% -20.34% -14.45% 16.75% -4.71% -8.14%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 8.58x 7.86x 7.37x
PBR 1.37x 1.75x 1.73x 1.25x 0.94x 1.03x 1x 0.91x
PEG - 0.7x -0.7x 0.3x -0.96x 0.6x 0.85x 1.11x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.69x 0.67x 0.65x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.84x 0.77x 0.69x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 5.36x 4.82x 4.21x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 6.97x 6.21x 5.4x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 10.8x 9.29x 7.76x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 9.23% 10.8% 12.9%
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% 5.12% 5.53% 5.88%
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 - 244.3 169.8 358.3 363.1 262 95.75
Reference price 2 41.25 58.50 56.75 45.92 34.26 41.66 41.66 41.66
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.($)
13.34x1.46x6.62x4.19% 26.89B
9.23x1.06x5.81x4.34% 21.84B
13.36x5.91x10.75x6.57% 12B
16.71x1.26x4.63x3.02% 5.63B
17.9x0.65x6.26x1.35% 4.88B
9.33x0.66x3.98x5% 4.35B
-35.38x1.41x5.95x-.--% 3.36B
19.47x0.42x6.01x2.33% 3.1B
Average 8.00x 1.60x 6.25x 3.35% 10.26B
Weighted average by Cap. 10.78x 1.86x 6.66x 4.13%

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