Company Valuation: 2invest AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 91.57 74.73 50.12 40.24 66.68 62.87
Change - -18.39% -32.92% -19.72% 65.71% -5.72%
Enterprise Value (EV) 1 25.25 31.88 32.71 25.51 35.53 42.31
Change - 26.27% 2.61% -22% 39.27% 19.09%
P/E 1.66x -39.6x -2.38x 25.5x 2.89x 18.4x
PBR 1.08x 0.9x 0.81x 0.64x 0.77x 0.73x
PEG - 0x -0x -0x 0x -0.2x
Capitalization / Revenue 1.34x - 16.6x 4.47x - -
EV / Revenue 0.37x - 10.9x 2.83x - -
EV / EBITDA 0.38x -33.8x 12.1x 2.62x - 146x
EV / EBIT 0.38x -33.3x 12.2x 2.62x -63.9x 147x
EV / FCF 0.53x -2.96x 1.25x 9.89x 9.48x 32.6x
FCF Yield 189% -33.8% 79.7% 10.1% 10.5% 3.07%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 9.574 -0.3286 -3.659 0.2743 4.018 0.6182
Distribution rate - - - - - -
Net sales 1 68.42 - 3.012 9.004 - -
EBITDA 1 66 -0.942 2.697 9.754 - 0.289
EBIT 1 65.99 -0.957 2.683 9.753 -0.556 0.288
Net income 1 55.03 -1.889 -21.04 1.577 22.16 3.398
Net Debt 1 -66.32 -42.85 -17.42 -14.73 -31.15 -20.55
Reference price 2 15.930 13.000 8.720 7.000 11.600 11.400
Nbr of stocks (in thousands) 5,748 5,748 5,748 5,748 5,748 5,515
Announcement Date 5/8/21 4/20/22 4/6/23 4/24/24 2/27/25 4/16/26
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.79x1.11x5.2x2.49% 16.7B
7.08x14.53x - -.--% 13.73B
6.22x9.64x28.14x2.55% 12.07B
Average 8.36x 8.43x 16.67x 1.68% 14.16B
Weighted average by Cap. 8.69x 7.87x 14.82x 1.7%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA