Valuation adesso SE Deutsche Boerse AG

Stocks

Real-time Estimate Tradegate 15:22:27 2026-10-01 EDT			5-day change	1st Jan Change
57.50 ^EUR	+3.98%		+3.17%	-37.73%

09-25	Adesso SE : Buy rating from Berenberg	ZD
09-01	Adesso Schweiz Ag Wins Contract from the Swiss State Secretariat for Economic Affairs to Restructure the Easygov Enterprise Platform with Potential Contract Volume of Up to Chf 51 Million	CI

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	368.4	-	-
Change	-	-36.85%	-18.41%	-19.35%	0.53%	-35.11%	-	-
Enterprise Value (EV) ¹	1,467	1,008	925.2	800.5	825.3	658.1	667.7	663.7
Change	-	-31.26%	-8.25%	-13.48%	3.1%	-20.25%	1.45%	-0.59%
P/E	27.3x	30.1x	219x	70.4x	31.3x	14x	10.1x	8.21x
PBR	7.1x	4.19x	3.45x	3.02x	2.99x	1.75x	1.54x	1.33x
PEG	-	-0.7x	-2.5x	0x	0x	0.3x	0.3x	0.4x
Capitalization / Revenue	2x	0.95x	0.62x	0.44x	0.39x	0.22x	0.2x	0.19x
EV / Revenue	2.16x	1.12x	0.81x	0.62x	0.56x	0.4x	0.36x	0.33x
EV / EBITDA	14.3x	10.9x	11.6x	8.14x	6.68x	4.72x	4.21x	3.89x
EV / EBIT	22.1x	20.9x	41.5x	26x	16.3x	11x	9.33x	8.5x
EV / FCF	49.6x	83.2x	21.8x	9.83x	19.1x	22.2x	10.9x	9.01x
FCF Yield	2.01%	1.2%	4.6%	10.2%	5.23%	4.5%	9.2%	11.1%
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%	1.47%	1.57%	1.67%
EPS ²	7.65	4.38	0.49	1.25	2.83	4.022	5.602	6.878
Distribution rate	7.84%	14.8%	143%	60%	27.6%	20.6%	15.8%	13.8%
Net sales ¹	678.3	900.3	1,136	1,297	1,466	1,654	1,829	1,989
EBITDA ¹	102.4	92.91	80.03	98.35	123.6	139.5	158.5	170.6
EBIT ¹	66.42	48.15	22.31	30.84	50.56	59.61	71.58	78.08
Net income ¹	47.93	28.79	3.41	10.2	17.46	25.96	35.86	44.66
Net Debt ¹	107.8	150.1	224.9	235.7	257.5	289.7	299.3	295.3
Reference price ²	209.00	131.80	107.40	88.00	88.70	56.50	56.50	56.50
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

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
IBM	21.6x	3.56x	12.43x	3.08%	207B
SALESFORCE, INC.	21.99x	4.64x	11.38x	0.76%	189B
CLOUDFLARE, INC.	-599.1x	42.61x	175.06x	-.--%	124B
SNOWFLAKE INC.	-133.59x	18.57x	102.82x	-.--%	120B
ACCENTURE PLC	13.62x	1.52x	7.99x	3.52%	112B
TATA CONSULTANCY SERVICES LTD.	13.27x	2.4x	9.06x	6.19%	77.38B
RELX PLC	19.25x	5.15x	12.66x	2.92%	57.65B
COREWEAVE, INC.	-17.04x	7.34x	12.48x	-.--%	48.05B
FUJITSU LIMITED	22.15x	1.83x	11.6x	1.4%	43.68B
Average	-70.87x	9.74x	39.50x	1.99%	108.72B
Weighted average by Cap.	-79.34x	10.42x	43.04x	1.93%