UNIBAIL-RODAMCO-WESTFIELD SE |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 77.66 EUR | +1.07% |
|
+3.41% | +16.05% |
| Apr. 26 | URW: sales up 3.7% to 942.8 ME in Q1 | CF |
| Apr. 25 | UNIBAIL-RODAMCO-WESTFIELD : Slowing underlying organic growth in Q1 24 |  |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 19,463 | 8,943 | 8,540 | 6,748 | 9,305 | 10,798 | - | - |
| Enterprise Value (EV) 1 | 45,872 | 36,631 | 34,485 | 29,720 | 31,279 | 31,890 | 30,386 | 29,925 |
| P/E ratio | 17.9 x | -1.24 x | -8.78 x | 38 x | -5.71 x | -17.8 x | 11 x | 10.1 x |
| Yield | 7.68% | - | - | - | 3.74% | 4.65% | 5.25% | 5.52% |
| Capitalization / Revenue | 8.05 x | 4.71 x | 4.66 x | 3.02 x | 4.01 x | 3.84 x | 4.01 x | 4.09 x |
| EV / Revenue | 19 x | 19.3 x | 18.8 x | 13.3 x | 13.5 x | 11.3 x | 11.3 x | 11.3 x |
| EV / EBITDA | 18.4 x | 21.1 x | 20.9 x | 13.5 x | 14.2 x | 14.8 x | 14.3 x | 13.8 x |
| EV / FCF | 127 x | 48.7 x | 42 x | 19.4 x | 35.7 x | 17.3 x | 5.76 x | 11.4 x |
| FCF Yield | 0.79% | 2.05% | 2.38% | 5.15% | 2.8% | 5.79% | 17.4% | 8.74% |
| Price to Book | 0.7 x | 0.46 x | 0.5 x | 0.35 x | 0.54 x | 0.7 x | 0.7 x | 0.65 x |
| Nbr of stocks (in thousands) | 138,379 | 138,472 | 138,594 | 138,767 | 139,041 | 139,041 | - | - |
| Reference price 2 | 140.6 | 64.58 | 61.62 | 48.63 | 66.92 | 77.66 | 77.66 | 77.66 |
| Announcement Date | 2/12/20 | 2/10/21 | 2/10/22 | 2/8/23 | 2/8/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,418 | 1,898 | 1,833 | 2,231 | 2,322 | 2,811 | 2,693 | 2,637 |
| EBITDA 1 | 2,492 | 1,734 | 1,650 | 2,209 | 2,199 | 2,153 | 2,125 | 2,174 |
| EBIT 1 | 2,464 | 1,661 | 1,641 | 2,152 | 2,148 | 2,051 | 2,087 | 2,156 |
| Operating Margin | 101.91% | 87.55% | 89.49% | 96.44% | 92.49% | 72.96% | 77.48% | 81.75% |
| Earnings before Tax (EBT) 1 | 40.1 | -7,956 | -1,024 | 351.2 | -1,771 | 1,225 | 1,047 | 852.3 |
| Net income 1 | 1,103 | -7,213 | -972.1 | 178.2 | -1,629 | 674.5 | 1,450 | 1,813 |
| Net margin | 45.64% | -380.07% | -53.02% | 7.99% | -70.16% | 23.99% | 53.86% | 68.75% |
| EPS 2 | 7.854 | -52.10 | -7.020 | 1.280 | -11.72 | -4.362 | 7.033 | 7.690 |
| Free Cash Flow 1 | 361.7 | 752.1 | 821.9 | 1,531 | 875.5 | 1,847 | 5,278 | 2,615 |
| FCF margin | 14.96% | 39.63% | 44.83% | 68.63% | 37.7% | 65.7% | 196.01% | 99.17% |
| FCF Conversion (EBITDA) | 14.52% | 43.36% | 49.81% | 69.33% | 39.81% | 85.8% | 248.46% | 120.27% |
| FCF Conversion (Net income) | 32.78% | - | - | 859.37% | - | 273.83% | 363.95% | 144.24% |
| Dividend per Share 2 | 10.80 | - | - | - | 2.500 | 3.607 | 4.077 | 4.289 |
| Announcement Date | 2/12/20 | 2/10/21 | 2/10/22 | 2/8/23 | 2/8/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 1,203 | 1,075 | 822.5 | - | - | - | - | 1,178 | 1,144 | - | - | - | - |
| EBITDA | - | - | - | 558.6 | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 542.1 | 898.3 | 907.4 | 1,244 | 902.4 | 1,245 | 1,173 | 1,130 | 1,199 | 1,148 |
| Operating Margin | - | - | - | - | - | - | - | 76.58% | 108.89% | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/12/20 | 7/29/20 | 2/10/21 | 7/28/21 | 2/10/22 | 7/28/22 | 2/8/23 | 7/27/23 | 2/8/24 | - | - | - | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 26,409 | 27,688 | 25,945 | 22,972 | 21,974 | 21,092 | 19,588 | 19,127 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 10.6 x | 15.96 x | 15.72 x | 10.4 x | 9.993 x | 9.798 x | 9.22 x | 8.797 x |
| Free Cash Flow 1 | 362 | 752 | 822 | 1,531 | 876 | 1,847 | 5,279 | 2,615 |
| ROE (net income / shareholders' equity) | 6.1% | 4.26% | 5.58% | 6.78% | 7.71% | 8.74% | 8.29% | 8.13% |
| ROA (Net income/ Total Assets) | 2.64% | 1.65% | 1.71% | 2.36% | 2.6% | 2.52% | 2.17% | 2.4% |
| Assets 1 | 41,744 | -437,260 | -56,972 | 7,560 | -62,564 | 26,755 | 66,692 | 75,538 |
| Book Value Per Share 2 | 202.0 | 140.0 | 122.0 | 137.0 | 125.0 | 110.0 | 111.0 | 120.0 |
| Cash Flow per Share 2 | 13.40 | 10.10 | 12.40 | 17.60 | 14.80 | 10.60 | 10.10 | 9.820 |
| Capex 1 | 1,525 | 671 | 899 | 905 | 1,181 | 680 | 464 | 417 |
| Capex / Sales | 63.1% | 35.36% | 49.02% | 40.55% | 50.86% | 24.19% | 17.22% | 15.82% |
| Announcement Date | 2/12/20 | 2/10/21 | 2/10/22 | 2/8/23 | 2/8/24 | - | - | - |
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
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
77.66
EUR
Average target price
77.11
EUR
Spread / Average Target
-0.70%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +16.05% | 11.53B | |
| -6.46% | 46.25B | |
| -8.31% | 20.33B | |
| -3.56% | 13.07B | |
| -4.85% | 9.68B | |
| -0.83% | 8.48B | |
| -14.19% | 8.38B | |
| +1.38% | 7.63B | |
| -18.42% | 5.53B | |
| +4.97% | 5.28B |
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