Financials Ipsos

Equities

IPS

FR0000073298

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Market Closed - Euronext Paris 11:35:04 2024-04-26 am EDT 5-day change 1st Jan Change
63.5 EUR +1.28% Intraday chart for Ipsos +3.42% +11.89%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,271 1,215 1,832 2,598 2,451 2,742 - -
Enterprise Value (EV) 1 1,849 1,706 2,150 2,598 2,451 2,831 2,703 2,504
P/E ratio 12.5 x 11.4 x 10.2 x 12.3 x 15.8 x 12.4 x 11.4 x 10.3 x
Yield 3.07% 3.26% 2.79% 2.31% - 2.75% 2.89% 3.09%
Capitalization / Revenue 0.63 x 0.66 x 0.85 x 1.08 x 1.03 x 1.09 x 1.04 x 0.99 x
EV / Revenue 0.92 x 0.93 x 1 x 1.08 x 1.03 x 1.13 x 1.03 x 0.91 x
EV / EBITDA 6.88 x 6.5 x 6.02 x 6.45 x 5.65 x 6.83 x 6.11 x 5.3 x
EV / FCF 13.7 x 5.11 x 7.11 x 9.62 x 10.9 x 11.2 x 10.1 x 8.59 x
FCF Yield 7.28% 19.6% 14.1% 10.4% 9.21% 8.92% 9.9% 11.6%
Price to Book 1.15 x 1.1 x 1.37 x 1.75 x - 1.79 x 1.61 x 1.46 x
Nbr of stocks (in thousands) 43,920 44,033 44,424 44,419 43,186 43,186 - -
Reference price 2 28.95 27.60 41.25 58.50 56.75 63.50 63.50 63.50
Announcement Date 2/26/20 2/24/21 2/23/22 2/15/23 2/21/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,003 1,837 2,147 2,405 2,390 2,509 2,634 2,759
EBITDA 1 268.7 262.7 357.2 402.9 434.1 414.3 442.5 472.6
EBIT 1 198.7 189.9 277.4 314.7 312.4 327.5 351.4 379
Operating Margin 9.92% 10.33% 12.92% 13.08% 13.07% 13.05% 13.34% 13.74%
Earnings before Tax (EBT) 1 141.7 148.9 250 293.4 238.5 302.5 319.5 334.5
Net income 1 104.8 109.5 183.9 215.2 159.7 223.8 242.3 264.8
Net margin 5.23% 5.96% 8.57% 8.95% 6.68% 8.92% 9.2% 9.6%
EPS 2 2.320 2.430 4.040 4.740 3.590 5.102 5.592 6.190
Free Cash Flow 1 134.6 333.8 302.5 270.2 225.6 252.6 267.7 291.4
FCF margin 6.72% 18.17% 14.09% 11.23% 9.44% 10.07% 10.16% 10.56%
FCF Conversion (EBITDA) 50.1% 127.1% 84.67% 67.07% 51.98% 60.98% 60.49% 61.66%
FCF Conversion (Net income) 128.48% 304.89% 164.45% 125.59% 141.27% 112.9% 110.48% 110.06%
Dividend per Share 2 0.8900 0.9000 1.150 1.350 - 1.745 1.836 1.962
Announcement Date 2/26/20 2/24/21 2/23/22 2/15/23 2/21/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q4 2023 S2 2024 Q1
Net sales 1 1,100 786 1,051 993.3 526.3 627.1 1,153 547.8 574 1,122 547.8 682.1 - 532 555.1 1,087 714.7 - 560.2
EBITDA - - - - - - - - - - - - - - - - - - -
EBIT 149.4 25.05 164.8 109 - - 168.4 - - 126.8 - - 187.9 - - 94.26 - 218.1 -
Operating Margin 13.59% 3.19% 15.67% 10.97% - - 14.6% - - 11.3% - - - - - 8.67% - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - - - - -
Net income - - - - - - - - - 85.49 - - - - - 56.35 - - -
Net margin - - - - - - - - - 7.62% - - - - - 5.18% - - -
EPS - - - - - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - - - - - -
Announcement Date 2/26/20 7/22/20 2/24/21 7/21/21 10/21/21 2/23/22 2/23/22 4/21/22 7/20/22 7/20/22 10/27/22 2/15/23 2/15/23 4/20/23 7/25/23 7/25/23 2/21/24 2/21/24 -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 577 491 318 - - 88.7 - -
Net Cash position 1 - - - - - - 39.8 239
Leverage (Debt/EBITDA) 2.148 x 1.87 x 0.8897 x - - 0.2141 x - -
Free Cash Flow 1 135 334 302 270 226 253 268 291
ROE (net income / shareholders' equity) 9.88% 9.92% 15.1% 15.3% - 14.9% 14.7% 14.5%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 25.20 25.10 30.00 33.50 - 35.60 39.40 43.50
Cash Flow per Share 2 3.940 8.190 7.590 7.160 6.390 7.850 8.750 11.10
Capex 1 43.2 35.1 43.5 54.8 58.5 73.6 76.3 79.3
Capex / Sales 2.16% 1.91% 2.03% 2.28% 2.45% 2.93% 2.9% 2.87%
Announcement Date 2/26/20 2/24/21 2/23/22 2/15/23 2/21/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
63.5 EUR
Average target price
75.14 EUR
Spread / Average Target
+18.34%
Consensus

Quarterly revenue - Rate of surprise