Company Valuation: NETGEM

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 47.99 26.94 33.41 31.88 28.46 32.85 - -
Change - -43.86% 24.01% -4.58% -10.71% 15.42% - -
Enterprise Value (EV) 1 43.99 23.64 28.81 25.87 24.41 26.65 23.25 19.05
Change - -46.26% 21.88% -10.21% -5.63% 9.18% -12.76% -18.06%
P/E -33.3x - 50x 15.9x 17x 16.4x 12.3x 8.93x
PBR 2.13x 1.15x 1.34x 1.33x 1.15x 1.31x 1.26x 1.1x
PEG - - - 0x -1x 0.8x 0.4x 0.2x
Capitalization / Revenue 1.7x 0.74x 0.94x 0.94x 0.9x 0.97x 0.94x 0.9x
EV / Revenue 1.55x 0.65x 0.81x 0.77x 0.77x 0.79x 0.66x 0.52x
EV / EBITDA 10.2x 3.46x 3.69x 3.07x 4.14x 4.3x 3.47x 2.65x
EV / EBIT -10x -11.1x 72x 12.4x 12.8x 9.19x 6.46x 4.23x
EV / FCF -299x 30.2x 7.11x 7.99x 13.6x 13.3x 4.47x 3.18x
FCF Yield -0.33% 3.32% 14.1% 12.5% 7.36% 7.5% 22.4% 31.5%
Dividend per Share 2 0.03 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Rate of return 1.8% 5.42% 5% 5.25% 5.88% 5.09% 5.09% 5.09%
EPS 2 -0.05 - 0.02 0.06 0.05 0.06 0.08 0.11
Distribution rate -60% - 250% 83.3% 100% 83.3% 62.5% 45.5%
Net sales 1 28.3 36.3 35.6 33.77 31.7 33.7 35 36.4
EBITDA 1 4.3 6.825 7.8 8.424 5.9 6.2 6.7 7.2
EBIT 1 -4.4 -2.122 0.4 2.078 1.9 2.9 3.6 4.5
Net income 1 -1.3 0.108 0.5 1.953 1.534 2.2 2.8 3.5
Net Debt 1 -4 -3.303 -4.6 -6.01 -4.051 -6.2 -9.6 -13.8
Reference price 2 1.6650 0.9220 1.0000 0.9520 0.8500 0.9820 0.9820 0.9820
Nbr of stocks (in thousands) 28,821 29,221 33,412 33,488 33,488 33,457 - -
Announcement Date 3/31/22 4/28/23 3/28/24 4/30/25 3/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.37x0.79x4.3x5.09% 37.72M
25.27x9.33x15.27x0.8% 3,696B
115.48x50.26x81.57x-.--% 424B
421.62x17.95x70.95x-.--% 84.74B
58.42x12.34x26.03x-.--% 77.32B
95.96x8.21x20.81x-.--% 73.05B
34.16x1.65x13.21x-.--% 62.03B
194.58x6.21x24x-.--% 48.74B
114.32x4.52x21.95x-.--% 39.38B
28.66x5.93x28.48x-.--% 37.82B
Average 110.48x 11.72x 30.66x 0.59% 454.27B
Weighted average by Cap. 45.51x 13.13x 23.00x 0.65%

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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