Company Valuation: Netfonds AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 95.26 88.91 100 97.28 95.65 185.5 - -
Change - -6.66% 12.47% -2.72% -1.68% 93.9% - -
Enterprise Value (EV) 1 97.28 91.57 106.2 108.6 120.2 185.7 174.8 171
Change - -5.87% 15.93% 2.32% 10.66% 54.48% -5.84% -2.2%
P/E 11.3x 105x -160x 55.3x 49.8x 23x 19x 17.9x
PBR - - - 4.37x 4.28x 5.06x 3.82x -
PEG - -1.2x 1x -0x 5.95x 0x 0.9x 2.95x
Capitalization / Revenue 0.49x 0.5x - 0.41x 0.35x 0.62x 0.57x 0.52x
EV / Revenue 0.5x 0.52x - 0.46x 0.44x 0.62x 0.54x 0.48x
EV / EBITDA 6.22x 14.1x - 13.5x 9.93x 10.4x 8.51x 7.53x
EV / EBIT 8.34x 30.9x 78.6x 32.6x 21.5x 14.4x 11.4x 9.81x
EV / FCF -5.16x 75.8x -86.1x -15.1x 9.02x 21.2x 16.2x 16x
FCF Yield -19.4% 1.32% -1.16% -6.6% 11.1% 4.72% 6.18% 6.26%
Dividend per Share 2 - 0.25 - - - 0.425 0.425 0.4
Rate of return - 0.62% - - - 0.53% 0.53% 0.5%
EPS 2 3.79 0.384 -0.268 0.7601 0.8237 3.463 4.177 4.43
Distribution rate - 65.1% - - - 12.3% 10.2% 9.03%
Net sales 1 193.2 176.4 - 237.1 275.9 299.4 325.9 353.6
EBITDA 1 15.65 6.473 - 8.063 12.1 17.93 20.53 22.7
EBIT 1 11.67 2.962 1.35 3.33 5.6 12.87 15.37 17.43
Net income 1 8.4 0.8501 -0.6209 1.773 1.925 8.067 9.7 10.3
Net Debt 1 2.025 2.655 6.154 11.33 24.54 0.2 -10.65 -14.5
Reference price 2 43.00 40.20 43.00 42.00 41.00 79.50 79.50 79.50
Nbr of stocks (in thousands) 2,215 2,212 2,326 2,316 2,333 2,333 - -
Announcement Date 5/7/22 6/30/23 5/22/24 6/16/25 7/6/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.56x3.72x10.19x2.93% 66.54B
11.7x - - 3.2% 41.73B
7.63x - - 2.31% 13.79B
5.86x0.83x - 4.18% 10.83B
11.59x0.85x - 1.93% 9.04B
7.91x - - 6.71% 6.99B
26.74x - - 1.68% 4.05B
-150.62x2.67x14.85x1.12% 3.92B
Average -7.45x 2.02x 12.52x 3.01% 19.61B
Weighted average by Cap. 10.43x 3.04x 10.45x 3.07%

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