Company Valuation: Block, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 74,501 37,583 47,771 52,680 39,611 46,196 - -
Change - -49.55% 27.11% 10.27% -24.81% 16.62% - -
Enterprise Value (EV) 1 73,747 36,527 45,792 49,834 41,183 44,716 41,161 37,543
Change - -50.47% 25.36% 8.83% -17.36% 8.58% -7.95% -8.79%
P/E 489x -67.6x 3,868x 18.6x 31x 46.4x 16x 13x
PBR 22.9x 2.19x 2.54x 2.48x 1.76x 1.97x 1.72x 1.48x
PEG - 0x -38x 0x -0.6x -2.1x 0x 0.6x
Capitalization / Revenue 4.22x 2.14x 2.18x 2.18x 1.64x 1.77x 1.59x 1.43x
EV / Revenue 4.18x 2.08x 2.09x 2.07x 1.7x 1.72x 1.42x 1.16x
EV / EBITDA 72.8x 36.9x 25.5x 16.5x 11.9x 9.62x 7.17x 5.55x
EV / EBIT 458x -58.5x -164x 55.8x 24.1x 20.1x 9.88x 7.56x
EV / FCF 103x 7,179x -912x 32.1x 17x 14.8x 9.33x 7.5x
FCF Yield 0.97% 0.01% -0.11% 3.12% 5.89% 6.76% 10.7% 13.3%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.33 -0.93 0.02 4.56 2.1 1.646 4.773 5.887
Distribution rate - - - - - - - -
Net sales 1 17,661 17,532 21,916 24,121 24,194 26,065 28,982 32,277
EBITDA 1 1,014 991 1,792 3,029 3,467 4,647 5,740 6,770
EBIT 1 161.1 -624.5 -278.8 892.3 1,708 2,220 4,168 4,964
Net income 1 166.3 -540.7 9.772 2,897 1,306 980.6 2,933 3,559
Net Debt 1 -753.7 -1,056 -1,979 -2,845 1,572 -1,480 -5,035 -8,652
Reference price 2 161.51 62.84 77.35 84.99 65.09 76.42 76.42 76.42
Nbr of stocks (in thousands) 461,276 598,071 617,599 619,832 608,556 604,497 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/20/25 2/26/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.32x14.95x21.24x0.74% 674B
10.82x1.44x7.4x1.02% 47.08B
46.42x1.72x9.62x-.--% 46.2B
19.97x6.11x11.64x-.--% 26.14B
9.86x2.58x6.22x-.--% 24.72B
-20.42x3.29x7.03x1.19% 22.89B
81.53x8.71x77.79x-.--% 11.18B
21.15x6.67x20.6x-.--% 11.18B
15x2.57x6.07x5.15% 7.22B
Average 23.74x 5.34x 18.62x 0.9% 96.78B
Weighted average by Cap. 27.54x 12.30x 19.38x 0.7%

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