Company Valuation: Box, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 3,875 4,572 3,731 4,798 3,631 4,495 - -
Change - 17.98% -18.4% 28.62% -24.33% 23.79% - -
Enterprise Value (EV) 1 3,718 4,480 3,621 4,524 3,604 4,332 3,939 3,509
Change - 20.48% -19.18% 24.95% -20.34% 20.21% -9.08% -10.93%
P/E -74.7x 533x 38.8x 24.6x 43.7x 83.1x 53.4x 39.8x
PBR -9.61x -8.81x -8.7x -16.2x -11.9x -16.9x -77.5x 22.5x
PEG - -5x 0x 0x -0.8x -2.6x 1x 1.2x
Capitalization / Revenue 4.43x 4.61x 3.59x 4.4x 3.08x 3.48x 3.2x 2.95x
EV / Revenue 4.25x 4.52x 3.49x 4.15x 3.06x 3.36x 2.81x 2.3x
EV / EBITDA 14.8x 15.2x 11.8x 13.9x 9.83x 10.8x 8.74x 6.78x
EV / EBIT 21.4x 19.6x 14.1x 14.9x 10.8x 12x 9.8x 7.57x
EV / FCF 16.2x 15.3x 11.4x 14.9x 11.5x 11.9x 9.88x 8.68x
FCF Yield 6.19% 6.55% 8.75% 6.73% 8.68% 8.38% 10.1% 11.5%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.35 0.06 0.67 1.36 0.58 0.3944 0.6137 0.8225
Distribution rate - - - - - - - -
Net sales 1 874.3 990.9 1,038 1,090 1,177 1,290 1,403 1,526
EBITDA 1 251.7 295 308 325.8 366.5 401.3 450.8 517.8
EBIT 1 173.4 229 256.8 303.6 333.6 360.7 401.9 463.5
Net income 1 -53.88 8.567 99.15 201.6 87.05 53.24 83.34 100.2
Net Debt 1 -156.7 -91.9 -109.9 -274.2 -27.05 -162.7 -555.8 -986.2
Reference price 2 26.13 31.99 25.98 33.39 25.35 32.76 32.76 32.76
Nbr of stocks (in thousands) 148,300 142,915 143,591 143,704 143,228 137,201 - -
Announcement Date 3/2/22 3/1/23 3/5/24 3/4/25 3/3/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.12x12.85x15.31x-.--% 105B
13.19x3.51x7.33x-.--% 93.68B
25.6x5.24x12.67x-.--% 45.39B
33.58x4.19x12.49x-.--% 46.36B
14.58x5.35x13.65x0.98% 36.23B
15.77x6.08x12.43x-.--% 15.23B
23.15x2.35x13.53x-.--% 13.05B
24.82x - - 3.92% 9.86B
55.74x3.37x13.77x-.--% 6.99B
Average 25.17x 5.37x 12.65x 0.54% 41.37B
Weighted average by Cap. 20.91x 6.78x 12.18x 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