Company Valuation: Accolade, Inc.

Data adjusted to current consolidation scope
Fiscal Period: February 2021 2022 2023 2024
Market Cap 1 2,452 1,204 808.7 793.4
Change - -50.9% -32.83% -1.88%
Enterprise Value (EV) 1 2,018 1,158 805 798
Change - -42.6% -30.51% -0.86%
P/E -25.7x -9.32x -1.72x -7.69x
PBR 6.32x 1.41x 1.71x 1.8x
PEG 0.3x -0.8x -0x 0.1x
Capitalization / Revenue 14.4x 3.88x 2.23x 1.92x
EV / Revenue 11.8x 3.74x 2.22x 1.93x
EV / EBITDA -46.8x -9.84x -7.3x -11.2x
EV / EBIT -43.1x -7.34x -5.18x -7.03x
EV / FCF -205x 70.2x 37.2x 64.6x
FCF Yield -0.49% 1.43% 2.68% 1.55%
Dividend per Share 2 - - - -
Rate of return - - - -
EPS 2 -1.725 -1.929 -6.45 -1.332
Distribution rate - - - -
Net sales 1 170.4 310 363.1 414.3
EBITDA 1 -43.12 -117.7 -110.3 -71.19
EBIT 1 -46.78 -157.9 -155.5 -113.6
Net income 1 -50.65 -123.1 -459.6 -99.8
Net Debt 1 -433.9 -45.52 -3.691 4.615
Reference price 2 44.320 17.980 11.110 10.250
Nbr of stocks (in thousands) 55,321 66,958 72,787 77,408
Announcement Date 5/7/21 5/2/22 4/28/23 4/26/24
1USD in Million2USD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.74x0.46x10.06x2.52% 134B
13.72x1.75x8.75x0.77% 88.03B
13.35x1.5x9.09x2.55% 29.01B
22.83x2.55x12.94x1.42% 25.6B
32.57x5.89x24.31x2.12% 22.18B
7.59x1.38x6.3x-.--% 20.13B
15.99x1.83x8.79x1.07% 15B
15.71x1.45x7.39x4.99% 14.73B
14.92x1.02x6.25x3.32% 13.68B
Average 17.05x 1.98x 10.43x 2.08% 40.31B
Weighted average by Cap. 16.48x 1.51x 10.23x 1.93%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA