Company Valuation: DocCheck AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 117.7 155.5 73.24 46.43 42.37 62.41
Change - 32.16% -52.91% -36.61% -8.74% 47.31%
Enterprise Value (EV) 1 98.51 134.9 58.5 29.8 22.26 44.82
Change - 36.9% -56.62% -49.05% -25.32% 101.35%
P/E 12.9x 13.7x 11.7x 20.4x 8.03x 11.7x
PBR 3.8x 4.17x 1.9x 1.24x 1.06x 1.5x
PEG - 0.6x -0.3x -0.3x 0x 12.17x
Capitalization / Revenue 1.87x 1.81x 1.2x 0.87x 0.79x 1.13x
EV / Revenue 1.56x 1.57x 0.96x 0.56x 0.41x 0.81x
EV / EBITDA 6.88x 7.57x 5.62x 4.06x 2.85x 4.94x
EV / EBIT 7.42x 8.22x 6.68x 8.79x 3.54x 6.04x
EV / FCF 12.8x 22.2x -31.6x 4.61x 3.62x 31.6x
FCF Yield 7.79% 4.5% -3.17% 21.7% 27.7% 3.16%
Dividend per Share 2 1 1 0.75 0.5 0.75 1
Rate of return 4.27% 3.24% 5.15% 5.46% 8.98% 8.13%
EPS 2 1.82 2.25 1.24 0.4483 1.04 1.05
Distribution rate 54.9% 44.4% 60.5% 112% 72.1% 95.2%
Net sales 1 63.1 85.92 60.9 53.41 53.79 55.32
EBITDA 1 14.32 17.81 10.4 7.332 7.819 9.076
EBIT 1 13.27 16.4 8.761 3.389 6.287 7.415
Net income 1 9.202 11.4 6.29 2.271 5.283 5.334
Net Debt 1 -19.19 -20.69 -14.75 -16.62 -20.11 -17.59
Reference price 2 23.40 30.90 14.55 9.15 8.35 12.30
Nbr of stocks (in thousands) 5,030 5,034 5,034 5,074 5,074 5,074
Announcement Date 4/16/21 4/14/22 4/14/23 4/11/24 4/10/25 4/9/26
1EUR in Million2EUR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.7x0.46x9.99x2.55% 133B
14.01x1.78x8.81x0.73% 93.86B
12.97x1.47x8.91x2.62% 27.94B
22.05x2.4x12.12x1.51% 23.51B
29.72x5.42x22.88x2.37% 20.18B
8.29x1.29x6.07x-.--% 17.99B
15.98x1.84x8.81x0.71% 15.04B
15.51x1.45x7.45x4.52% 14.86B
14.03x1.04x5.85x3.27% 12.98B
Average 16.58x 1.91x 10.10x 2.03% 39.94B
Weighted average by Cap. 16.19x 1.45x 9.96x 1.9%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA