Company Valuation: freenet AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,792 2,428 3,013 3,275 3,425 2,841 - -
Change - -13.03% 24.09% 8.68% 4.6% -17.04% - -
Enterprise Value (EV) 1 3,636 3,133 3,594 3,764 3,678 3,366 3,290 3,237
Change - -13.82% 14.7% 4.73% -2.27% -8.5% -2.26% -1.6%
P/E 14.4x 30.5x 19.5x 13.2x 12.8x 12x 10.3x 9.48x
PBR 1.69x 1.65x 2.09x 2.2x 2.26x 1.91x 1.86x 1.85x
PEG - -0.5x 0.2x 0.2x 1.2x -1x 0.6x 1.13x
Capitalization / Revenue 1.09x 0.95x 1.15x 1.32x 1.4x 0.94x 0.93x 0.87x
EV / Revenue 1.42x 1.23x 1.37x 1.52x 1.51x 1.12x 1.07x 0.99x
EV / EBITDA 8.13x 6.55x 7.18x 7.48x 7.14x 6.47x 5.95x 5.46x
EV / EBIT 14.5x 24.2x 14.6x 10.5x 9.77x 9.43x 8.05x 7.13x
EV / FCF 11.4x 9.42x 13.7x 12.9x 12.6x 11.9x 10.6x 9.68x
FCF Yield 8.77% 10.6% 7.31% 7.77% 7.94% 8.43% 9.42% 10.3%
Dividend per Share 2 1.57 1.68 1.77 1.97 2.07 2.051 2.155 2.202
Rate of return 6.75% 8.23% 6.99% 7.15% 7.06% 8.43% 8.86% 9.05%
EPS 2 1.62 0.67 1.3 2.08 2.3 2.021 2.368 2.566
Distribution rate 96.9% 251% 136% 94.7% 90% 101% 91% 85.8%
Net sales 1 2,556 2,557 2,627 2,478 2,440 3,009 3,062 3,269
EBITDA 1 447.3 478.7 500.2 503.1 515.4 520.5 553 592.8
EBIT 1 250 129.4 246.1 357.1 376.5 357 408.7 453.7
Net income 1 198.2 79.29 154.6 246.8 271.3 235.7 269.5 290.8
Net Debt 1 844 705.3 580.9 489.3 253.3 524.2 448.2 395.7
Reference price 2 23.27 20.42 25.34 27.54 29.34 24.34 24.34 24.34
Nbr of stocks (in thousands) 119,974 118,901 118,901 118,901 116,737 116,737 - -
Announcement Date 3/1/22 3/24/23 3/26/24 3/26/25 2/25/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.67x1.37x4.31x6.78% 232B
10.89x2.57x6.79x5.71% 205B
13.96x2.23x5.74x3.9% 162B
13.22x1.79x7.66x3.2% 85.07B
13.06x0.93x3.43x5.8% 82.9B
11.96x1.82x4.59x2.74% 71.52B
15.51x2.71x8.47x5% 58.69B
23.62x5.34x19.53x4.54% 56.57B
15.78x2.78x6.22x4.4% 51.05B
Average 14.41x 2.39x 7.42x 4.67% 111.75B
Weighted average by Cap. 13.25x 2.16x 6.48x 5.07%

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