Company Valuation: flatexDEGIRO SE

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 4,190 4,190 -
Change - 28.55% -68.72% 76.57% 29.91% 162.75% 0% -
Enterprise Value (EV) 1 1,386 785 -1,406 -1,438 -1,558 77.49 -264.7 -662.4
Change - -43.36% -279.18% -2.22% -8.39% 104.97% -441.53% -150.29%
P/E ratio 29.1x 43.1x 6.52x 17.2x 14.5x 27.2x 22.7x 18.2x
PBR 3.88x 4.45x 1.14x 1.83x 2.12x 4.72x 3.92x 3.25x
PEG - -3.1x 0x -0.5x 0.3x 0.7x 1.1x 0.7x
Capitalization / Revenue 6.61x 5.32x 1.71x 3.14x 3.32x 7.66x 6.98x 6.17x
EV / Revenue 5.3x 1.88x -3.46x -3.68x -3.25x 0.14x -0.44x -0.98x
EV / EBITDA 14.1x 7x -9.7x -9.31x -7.7x 0.29x -0.89x -1.81x
EV / EBIT 18.8x 9.78x -9.3x -13.8x -9.94x 0.35x -1.03x -2.07x
EV / FCF 10.5x 7.94x -22x -84.8x -2.46x 0.47x -1.47x -3.16x
FCF Yield 9.56% 12.6% -4.54% -1.18% -40.7% 212% -67.8% -31.6%
Dividend per Share 2 - - - 0.04 0.04 0.0487 0.0523 0.06
Rate of return - - - 0.36% 0.27% 0.12% 0.13% 0.15%
EPS 2 0.545 0.47 0.97 0.65 1.02 1.44 1.726 2.154
Distribution rate - - - 6.15% 3.92% 3.38% 3.03% 2.78%
Net sales 1 261.5 418 407 390.7 480 546.7 600.6 679.3
EBITDA 1 98.42 112.1 145 154.4 202.5 264.7 297.4 365.2
EBIT 1 73.79 80.26 151.3 104.3 156.7 223.8 257.7 319.5
Net income 1 49.91 51.54 106.1 71.9 111.5 157.6 185.6 230
Net Debt 1 -342.8 -1,437 -2,102 -2,665 -3,153 -4,113 -4,455 -4,852
Reference price 2 15.88 20.24 6.33 11.17 14.78 39.16 39.16 39.16
Nbr of stocks (in thousands) 108,893 109,793 109,893 109,893 107,932 106,998 106,998 -
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.($)
27.19x0.14x0.29x0.12% 4.95B
19.02x11.27x - 1.51% 291B
18.12x7.33x - 2.15% 285B
17.08x - - 1.9% 214B
22.47x7.95x13.65x1.03% 187B
14.31x1.34x - 2.42% 59.11B
14.72x - - 1.27% 33.93B
35.93x2.23x14.92x0.32% 30.83B
12.03x6.27x - 2.49% 26.84B
11.65x7.33x - 3.53% 25.6B
Average 19.25x 5.48x 9.62x 1.67% 115.86B
Weighted average by Cap. 18.79x 8.08x 13.53x 1.73%
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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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