Company Valuation: adesso SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,359 858.3 700.3 564.8 567.8 387.6 - -
Change - -36.85% -18.41% -19.35% 0.53% -31.73% - -
Enterprise Value (EV) 1 1,467 1,008 925.2 800.5 825.3 671.3 679 670.6
Change - -31.26% -8.25% -13.48% 3.1% -18.66% 1.14% -1.23%
P/E 27.3x 30.1x 219x 70.4x 31.3x 14.7x 10.4x 8.37x
PBR 7.1x 4.19x 3.45x 3.02x 2.99x 1.86x 1.62x 1.39x
PEG - -0.7x -2.5x 0x 0x 0.3x 0.2x 0.3x
Capitalization / Revenue 2x 0.95x 0.62x 0.44x 0.39x 0.24x 0.21x 0.2x
EV / Revenue 2.16x 1.12x 0.81x 0.62x 0.56x 0.41x 0.38x 0.35x
EV / EBITDA 14.3x 10.9x 11.6x 8.14x 6.68x 4.9x 4.31x 3.86x
EV / EBIT 22.1x 20.9x 41.5x 26x 16.3x 11.5x 9.32x 7.75x
EV / FCF 49.6x 83.2x 21.8x 9.83x 19.1x 16x 12.6x 9.6x
FCF Yield 2.01% 1.2% 4.6% 10.2% 5.23% 6.25% 7.93% 10.4%
Dividend per Share 2 0.6 0.65 0.7 0.75 0.78 0.83 0.886 0.95
Rate of return 0.29% 0.49% 0.65% 0.85% 0.88% 1.37% 1.46% 1.57%
EPS 2 7.65 4.38 0.49 1.25 2.83 4.112 5.828 7.226
Distribution rate 7.84% 14.8% 143% 60% 27.6% 20.2% 15.2% 13.1%
Net sales 1 678.3 900.3 1,136 1,297 1,466 1,632 1,805 1,942
EBITDA 1 102.4 92.91 80.03 98.35 123.6 137.1 157.6 173.7
EBIT 1 66.42 48.15 22.31 30.84 50.56 58.29 72.88 86.58
Net income 1 47.93 28.79 3.41 10.2 17.46 26.74 37.86 46.9
Net Debt 1 107.8 150.1 224.9 235.7 257.5 283.7 291.3 283
Reference price 2 209.00 131.80 107.40 88.00 88.70 60.50 60.50 60.50
Nbr of stocks (in thousands) 6,503 6,512 6,520 6,418 6,401 6,407 - -
Announcement Date 3/29/22 3/31/23 3/25/24 3/26/25 3/30/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.45x3.78x13.2x2.86% 223B
-117.33x18.68x107.86x-.--% 116B
13.19x1.46x7.66x3.64% 109B
15.71x2.88x10.86x5.23% 92.02B
20.43x5.35x13.15x2.79% 61.62B
15.49x2.27x9.61x5.04% 50.23B
21.73x1.58x10.05x0.87% 40.8B
20.98x1.72x10.51x1.4% 40.6B
18.49x2.37x11.38x4.68% 38.51B
Average 3.57x 4.45x 21.59x 2.95% 85.72B
Weighted average by Cap. -1.32x 5.32x 25.73x 2.87%

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