Company Valuation: adesso SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,359 858.3 700.3 564.8 567.8 377.4 - -
Change - -36.85% -18.41% -19.35% 0.53% -33.53% - -
Enterprise Value (EV) 1 1,467 1,008 925.2 800.5 825.3 664.4 674 667.7
Change - -31.26% -8.25% -13.48% 3.1% -19.49% 1.43% -0.93%
P/E 27.3x 30.1x 219x 70.4x 31.3x 14.5x 10.5x 8.39x
PBR 7.1x 4.19x 3.45x 3.02x 2.99x 1.82x 1.59x 1.38x
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 0.19x
EV / Revenue 2.16x 1.12x 0.81x 0.62x 0.56x 0.4x 0.37x 0.34x
EV / EBITDA 14.3x 10.9x 11.6x 8.14x 6.68x 4.76x 4.26x 3.91x
EV / EBIT 22.1x 20.9x 41.5x 26x 16.3x 11.1x 9.39x 8.43x
EV / FCF 49.6x 83.2x 21.8x 9.83x 19.1x 21x 11.1x 8.82x
FCF Yield 2.01% 1.2% 4.6% 10.2% 5.23% 4.76% 9.04% 11.3%
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% 1.41% 1.5% 1.61%
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 58.90 58.90 58.90
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.89x3.87x13.52x2.78% 229B
-129x17.99x99.72x-.--% 116B
13.66x1.51x7.91x3.51% 113B
14.25x2.6x9.8x5.77% 83.35B
19.32x5.13x12.59x2.94% 58.46B
13.6x1.96x8.33x5.73% 43.99B
21.07x1.72x10.72x1.39% 42.35B
19.99x1.5x9.62x0.95% 39.17B
16.65x2.09x9.91x5.25% 34.16B
Average 1.49x 4.26x 20.24x 3.15% 84.35B
Weighted average by Cap. -3.67x 5.20x 24.55x 2.91%

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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