Company Valuation: ALTHEORA

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 15.98 15.03 13.56 8.248 7.448 5.021
Change - -5.95% -9.82% -39.16% -9.7% -32.59%
Enterprise Value (EV) 1 17.68 18.28 19.64 20.96 19.06 16.73
Change - 3.36% 7.45% 6.75% -9.09% -12.2%
P/E 30.1x -47.8x -59.4x -5.1x -3.69x -2.88x
PBR 1.56x 1.47x 1.54x 1.02x 0.61x 0.49x
PEG - 0x 2.2x -0x 0.1x 0.2x
Capitalization / Revenue 0.55x 0.59x 0.42x 0.23x 0.18x 0.13x
EV / Revenue 0.61x 0.72x 0.6x 0.59x 0.46x 0.45x
EV / EBITDA 19.2x 32.8x 12.2x 31.5x 10x 8.37x
EV / EBIT 21.2x 2,611x -45.5x -15.2x -19.4x -18.1x
EV / FCF -27.8x -11.4x -2.8x - 3.32x 3.56x
FCF Yield -3.59% -8.74% -35.8% - 30.2% 28.1%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.0685 -0.0405 -0.0294 -0.209 -0.15 -0.1294
Distribution rate - - - - - -
Net sales 1 28.92 25.54 32.57 35.42 41.72 37.3
EBITDA 1 0.9192 0.557 1.609 0.665 1.906 2
EBIT 1 0.835 0.007 -0.432 -1.376 -0.984 -0.926
Net income 1 0.531 -0.314 -0.228 -1.693 -2.015 -1.74
Net Debt 1 1.698 3.242 6.08 12.72 11.61 11.71
Reference price 2 2.0600 1.9350 1.7500 1.0650 0.5540 0.3730
Nbr of stocks (in thousands) 7,760 7,770 7,747 7,745 13,444 13,460
Announcement Date 4/30/20 4/7/21 4/14/22 3/1/23 4/30/24 4/30/25
1EUR in Million2EUR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 6.38M
159.47x15.06x69.97x0.17% 5.2B
18.14x0.52x5.54x4.35% 616M
-22.93x2.54x148.42x - 227M
Average 51.56x 6.04x 74.64x 2.26% 1.51B
Weighted average by Cap. 138.23x 13.11x 66.35x 0.61%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA