Company Valuation: SIPEF

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 674.2 654.6 609.2 611.5 993.2 1,255 - -
Change - -2.91% -6.93% 0.38% 62.41% 26.39% - -
Enterprise Value (EV) 1 723.4 662.4 638 629.6 904.8 1,152 1,126 1,063
Change - -8.44% -3.68% -1.31% 43.71% 27.28% -2.23% -5.63%
P/E 7.2x 6.08x 8.39x 9.3x 7.93x 9.97x 10.2x 9.9x
PBR 0.93x 0.8x 0.71x - 0.99x - - -
PEG - 0.4x -0.3x -0.98x 0.1x 19.97x -5.36x 3.67x
Capitalization / Revenue 1.62x 1.24x 1.37x 1.38x 1.74x 2.04x 2.12x 2.13x
EV / Revenue 1.74x 1.26x 1.44x 1.42x 1.59x 1.87x 1.9x 1.8x
EV / EBITDA 4.1x 2.93x 3.97x 3.94x 3.74x 4.51x 4.76x 4.41x
EV / EBIT 5.66x 3.71x 5.91x 6.05x 4.82x 5.9x 5.87x 5.4x
EV / FCF 7.89x 7.7x 40.8x - 6.81x 13.1x 11x 9.62x
FCF Yield 12.7% 13% 2.45% - 14.7% 7.64% 9.05% 10.4%
Dividend per Share 2 2.273 3.202 2.152 2.089 5.103 4.565 4.52 4.585
Rate of return 3.51% 5.09% 3.67% 3.55% 5.35% 3.79% 3.75% 3.81%
EPS 2 8.99 10.36 6.98 6.32 12.02 12.08 11.85 12.17
Distribution rate 25.3% 30.9% 30.8% 33.1% 42.5% 37.8% 38.1% 37.7%
Net sales 1 416.1 527.5 443.9 443.8 570.4 616 592 589
EBITDA 1 176.4 226.3 160.7 160 242 255.6 236.4 241.2
EBIT 1 127.8 178.3 108 104.1 187.7 195.2 191.7 196.9
Net income 1 93.75 108.2 72.74 65.84 125.4 129.9 118.7 121.8
Net Debt 1 49.19 7.765 28.77 18.09 -88.36 -103.7 -129.4 -192.8
Reference price 2 64.71 62.95 58.58 58.81 95.34 120.43 120.43 120.43
Nbr of stocks (in thousands) 10,419 10,399 10,399 10,399 10,417 10,424 - -
Announcement Date 17/2/22 16/2/23 15/2/24 13/2/25 12/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.66x2.7x13.49x4.2% 232B
18.1x2.36x14.09x3.54% 74.27B
15.92x1.67x9.48x3.97% 42.8B
14.9x0.53x9.56x2.59% 38.77B
19.39x2.97x12.07x3.6% 32.19B
35.68x3.08x17.97x1.04% 31.54B
25.03x5.24x16.69x3.35% 28.38B
-7.82x1.76x8.76x7.23% 26.31B
Average 17.61x 2.54x 12.77x 3.69% 63.28B
Weighted average by Cap. 18.60x 2.53x 13.06x 3.83%

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