Company Valuation: Aterian, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 335.6 208 58.75 28.08 17.58 5.627
Change - -38.04% -71.75% -52.2% -37.4% -67.99%
Enterprise Value (EV) 1 395.9 218.1 37.92 20.21 6.995 5.397
Change - -44.92% -82.61% -46.72% -65.38% -22.84%
P/E -4.68x -0.62x -0.26x -0.37x -1.43x -0.29x
PBR 17.5x 0.97x 0.58x 0.77x 0.59x 0.4x
PEG - -0x 0x 0x 0x -0x
Capitalization / Revenue 1.81x 0.84x 0.27x 0.2x 0.18x 0.08x
EV / Revenue 2.13x 0.88x 0.17x 0.14x 0.07x 0.08x
EV / EBITDA -19x -4.7x -0.76x -0.62x -0.69x -0.43x
EV / EBIT -18.5x -4.06x -0.66x -0.55x -0.59x -0.38x
EV / FCF -1,981x -8.61x 3.77x -11.6x 0.81x -0.84x
FCF Yield -0.05% -11.6% 26.5% -8.64% 124% -119%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -44.12 -80.06 -35.41 -11.45 -1.678 -2.393
Distribution rate - - - - - -
Net sales 1 185.7 247.8 221.2 142.6 99.04 68.98
EBITDA 1 -20.88 -46.36 -49.75 -32.58 -10.13 -12.53
EBIT 1 -21.44 -53.68 -57.27 -36.46 -11.82 -14.15
Net income 1 -63.13 -236 -196.3 -74.56 -11.86 -18.98
Net Debt 1 60.26 10.1 -20.83 -7.876 -10.58 -0.23
Reference price 2 206.5201 49.3200 9.2436 4.1820 2.4000 0.6955
Nbr of stocks (in thousands) 1,625 4,217 6,356 6,715 7,325 8,091
Announcement Date 3/16/21 3/16/22 3/16/23 3/19/24 3/25/25 3/23/26
1USD in Million2USD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 4.5M
34.42x2.81x14.06x2.45% 610M
16.22x - - - 297M
Average 25.32x 2.81x 14.06x 2.45% 303.59M
Weighted average by Cap. 28.46x 2.81x 14.06x 2.45%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Aterian, Inc.