Company Valuation: AppLovin Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,274 3,914 13,382 108,675 227,721 142,620 - -
Change - -88.9% 241.9% 712.11% 109.54% -37.37% - -
Enterprise Value (EV) 1 36,981 6,045 16,000 111,442 228,747 140,231 134,872 128,606
Change - -83.65% 164.68% 596.49% 105.26% -38.7% -3.82% -4.65%
P/E 1,047x -20.3x 40.7x 71.5x 69.1x 26.4x 20x 15.7x
PBR 16.5x 2.07x 10.8x 101x 107x 29.1x 14.8x 8.87x
PEG - 0x -0x 0x 1x 0.4x 0.6x 0.6x
Capitalization / Revenue 12.6x 1.39x 4.08x 23.1x 41.5x 17.4x 13.4x 10.7x
EV / Revenue 13.2x 2.15x 4.87x 23.7x 41.7x 17.1x 12.7x 9.64x
EV / EBITDA 50.9x 5.69x 10.6x 41x 50.7x 20.3x 15x 11.4x
EV / EBIT 247x -126x 24.7x 59.5x 55.1x 22x 16.1x 12.3x
EV / FCF 103x 15.6x 15.1x 53.7x 57.9x 25x 18.4x 13.3x
FCF Yield 0.97% 6.4% 6.61% 1.86% 1.73% 4% 5.44% 7.53%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.09 -0.52 0.98 4.53 9.75 16.07 21.19 27.1
Distribution rate - - - - - - - -
Net sales 1 2,793 2,817 3,283 4,709 5,481 8,195 10,629 13,344
EBITDA 1 726.8 1,063 1,503 2,720 4,512 6,908 8,972 11,275
EBIT 1 150 -47.79 648.2 1,873 4,152 6,373 8,391 10,491
Net income 1 31.7 -192.7 354.9 1,577 3,334 5,419 7,049 8,927
Net Debt 1 1,707 2,131 2,619 2,768 1,026 -2,388 -7,747 -14,014
Reference price 2 94.26 10.53 39.85 323.83 673.82 424.54 424.54 424.54
Nbr of stocks (in thousands) 374,221 371,690 335,802 335,592 337,955 335,940 - -
Announcement Date 2/16/22 2/8/23 2/14/24 2/12/25 2/11/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.41x17.11x20.3x-.--% 143B
13.11x3.53x7.38x-.--% 94.31B
37.09x6.11x17x0.37% 52.38B
25.74x5.51x13.37x-.--% 46.1B
21.91x5.3x13.47x0.93% 36.65B
34.91x3.15x9.45x-.--% 35.76B
35.25x2.31x13.33x-.--% 14.6B
13.96x5.63x11.38x-.--% 14.37B
32.59x - - 3.44% 10.64B
64.74x3.89x15.89x-.--% 8.31B
Average 30.57x 5.84x 13.51x 0.47% 45.57B
Weighted average by Cap. 25.86x 8.54x 14.42x 0.2%

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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