Company Valuation: flatexDEGIRO AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,729 2,222 695.2 1,227 1,595 3,614 - -
Change - 28.55% -68.72% 76.57% 29.91% 126.65% - -
Enterprise Value (EV) 1 1,386 785 -1,406 -1,438 -1,558 -266.5 -618.5 -1,021
Change - -43.36% -279.18% -2.22% -8.39% 82.9% -132.09% -65.03%
P/E ratio 29.1x 43.1x 6.52x 17.2x 14.5x 23.9x 20.4x 16.9x
PBR 3.88x 4.45x 1.14x 1.83x 2.12x 4.08x 3.43x 2.87x
PEG - -3.1x 0x -0.5x 0.3x 0.6x 1.2x 0.8x
Capitalization / Revenue 6.61x 5.32x 1.71x 3.14x 3.32x 6.62x 6.11x 5.4x
EV / Revenue 5.3x 1.88x -3.46x -3.68x -3.25x -0.49x -1.05x -1.53x
EV / EBITDA 14.1x 7x -9.7x -9.31x -7.7x -1.01x -2.1x -2.88x
EV / EBIT 18.8x 9.78x -9.3x -13.8x -9.94x -1.19x -2.43x -3.31x
EV / FCF 10.5x 7.94x -22x -84.8x -2.46x -1.62x -3.71x -5.14x
FCF Yield 9.56% 12.6% -4.54% -1.18% -40.7% -61.6% -27% -19.4%
Dividend per Share 2 - - - 0.04 0.04 0.05 0.0544 0.0617
Rate of return - - - 0.36% 0.27% 0.15% 0.16% 0.18%
EPS 2 0.545 0.47 0.97 0.65 1.02 1.416 1.656 2.003
Distribution rate - - - 6.15% 3.92% 3.53% 3.29% 3.08%
Net sales 1 261.5 418 407 390.7 480 545.7 591.4 668.8
EBITDA 1 98.42 112.1 145 154.4 202.5 264.3 294.8 353.9
EBIT 1 73.79 80.26 151.3 104.3 156.7 224.5 254.6 308.6
Net income 1 49.91 51.54 106.1 71.9 111.5 157.1 180 218.3
Net Debt 1 -342.8 -1,437 -2,102 -2,665 -3,153 -3,881 -4,233 -4,635
Reference price 2 15.88 20.24 6.33 11.17 14.78 33.78 33.78 33.78
Nbr of stocks (in thousands) 108,893 109,793 109,893 109,893 107,932 106,998 - -
Announcement Date 4/7/21 3/29/22 3/29/23 2/27/24 2/25/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.86x-0.49x-1.01x0.15% 4.24B
18x7.29x - 2.16% 284B
18.24x10.97x - 1.57% 279B
14.68x - - 2.08% 200B
20.86x7.01x12.05x1.12% 172B
14.57x1.36x - 2.41% 58.59B
14.27x - - 1.39% 32.23B
35.03x2.21x14.62x0.32% 30.49B
11.89x6.33x - 2.46% 26.86B
9.64x - - 3.09% 26.44B
Average 18.10x 4.96x 8.56x 1.68% 111.27B
Weighted average by Cap. 17.76x 7.78x 12.16x 1.8%
See all sector valuations

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

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