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 1,281 - -
Change - -2.91% -6.93% 0.38% 62.41% 28.96% - -
Enterprise Value (EV) 1 723.4 662.4 638 629.6 904.8 1,177 1,151 1,088
Change - -8.44% -3.68% -1.31% 43.71% 30.09% -2.18% -5.51%
P/E 7.2x 6.08x 8.39x 9.3x 7.93x 10.2x 10.4x 10.1x
PBR 0.93x 0.8x 0.71x - 0.99x - - -
PEG - 0.4x -0.3x -0.98x 0.1x 20.43x -5.46x 3.74x
Capitalization / Revenue 1.62x 1.24x 1.37x 1.38x 1.74x 2.08x 2.16x 2.17x
EV / Revenue 1.74x 1.26x 1.44x 1.42x 1.59x 1.91x 1.94x 1.85x
EV / EBITDA 4.1x 2.93x 3.97x 3.94x 3.74x 4.61x 4.87x 4.51x
EV / EBIT 5.66x 3.71x 5.91x 6.05x 4.82x 6.03x 6.01x 5.53x
EV / FCF 7.89x 7.7x 40.8x - 6.81x 13.4x 11.3x 9.85x
FCF Yield 12.7% 13% 2.45% - 14.7% 7.48% 8.85% 10.2%
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% 3.72% 3.68% 3.73%
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 95.34 122.87 122.87 122.87
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.($)
20.05x2.75x13.71x4.12% 235B
18.46x2.4x14.31x3.47% 75.71B
15.62x1.66x9.43x4% 42.83B
14.7x0.53x9.46x2.63% 38.27B
19.54x2.99x12.15x3.58% 32.43B
34.08x2.96x17.22x1.09% 30.14B
24.87x5.2x16.58x3.37% 28.2B
-8.26x1.82x9.06x6.84% 27.81B
Average 17.38x 2.54x 12.74x 3.64% 63.79B
Weighted average by Cap. 18.56x 2.55x 13.13x 3.79%

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