Company Valuation: adesso SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,359 858.3 700.3 564.8 567.8 386.3 - -
Change - -36.85% -18.41% -19.35% 0.53% -31.95% - -
Enterprise Value (EV) 1 1,467 1,008 925.2 800.5 825.3 673.4 682.9 676.7
Change - -31.26% -8.25% -13.48% 3.1% -18.4% 1.42% -0.92%
P/E 27.3x 30.1x 219x 70.4x 31.3x 14.9x 10.8x 8.59x
PBR 7.1x 4.19x 3.45x 3.02x 2.99x 1.87x 1.63x 1.41x
PEG - -0.7x -2.5x 0x 0x 0.3x 0.3x 0.3x
Capitalization / Revenue 2x 0.95x 0.62x 0.44x 0.39x 0.23x 0.21x 0.2x
EV / Revenue 2.16x 1.12x 0.81x 0.62x 0.56x 0.41x 0.37x 0.34x
EV / EBITDA 14.3x 10.9x 11.6x 8.14x 6.68x 4.83x 4.32x 3.96x
EV / EBIT 22.1x 20.9x 41.5x 26x 16.3x 11.2x 9.52x 8.54x
EV / FCF 49.6x 83.2x 21.8x 9.83x 19.1x 21.3x 11.2x 8.94x
FCF Yield 2.01% 1.2% 4.6% 10.2% 5.23% 4.7% 8.92% 11.2%
Dividend per Share 2 0.6 0.65 0.7 0.75 0.78 0.83 0.886 0.946
Rate of return 0.29% 0.49% 0.65% 0.85% 0.88% 1.38% 1.47% 1.57%
EPS 2 7.65 4.38 0.49 1.25 2.83 4.055 5.602 7.018
Distribution rate 7.84% 14.8% 143% 60% 27.6% 20.5% 15.8% 13.5%
Net sales 1 678.3 900.3 1,136 1,297 1,466 1,650 1,824 1,978
EBITDA 1 102.4 92.91 80.03 98.35 123.6 139.6 158.1 170.9
EBIT 1 66.42 48.15 22.31 30.84 50.56 60.11 71.75 79.24
Net income 1 47.93 28.79 3.41 10.2 17.46 26.34 36 45.54
Net Debt 1 107.8 150.1 224.9 235.7 257.5 287.1 296.6 290.3
Reference price 2 209.00 131.80 107.40 88.00 88.70 60.30 60.30 60.30
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.($)
23.44x3.81x13.31x2.83% 225B
13.92x1.53x8.06x3.45% 115B
-115.12x18.31x105.89x-.--% 114B
14.56x2.66x10.03x5.64% 85.18B
20.89x5.46x13.41x2.73% 63.33B
14.56x2.12x8.98x5.35% 47.1B
21.18x1.73x10.68x1.43% 40.87B
20.56x1.56x9.88x0.9% 39.42B
17.7x2.23x10.7x4.94% 36.32B
Average 3.52x 4.38x 21.22x 3.03% 85.1B
Weighted average by Cap. -0.91x 5.23x 25.25x 2.89%

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