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 2,839 - -
Change - -13.03% 24.09% 8.68% 4.6% -17.11% - -
Enterprise Value (EV) 1 3,636 3,133 3,594 3,764 3,678 3,344 3,287 3,232
Change - -13.82% 14.7% 4.73% -2.27% -9.08% -1.7% -1.67%
P/E 14.4x 30.5x 19.5x 13.2x 12.8x 11.1x 10.1x 9.46x
PBR 1.69x 1.65x 2.09x 2.2x 2.26x 1.87x 1.83x 1.81x
PEG - -0.5x 0.2x 0.2x 1.2x -2.2x 1x 1.44x
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 1.11x 1.07x 0.99x
EV / EBITDA 8.13x 6.55x 7.18x 7.48x 7.14x 6.42x 5.94x 5.46x
EV / EBIT 14.5x 24.2x 14.6x 10.5x 9.77x 9.04x 8.04x 7.14x
EV / FCF 11.4x 9.42x 13.7x 12.9x 12.6x 11.9x 10.6x 9.78x
FCF Yield 8.77% 10.6% 7.31% 7.77% 7.94% 8.4% 9.4% 10.2%
Dividend per Share 2 1.57 1.68 1.77 1.97 2.07 2.044 2.153 2.23
Rate of return 6.75% 8.23% 6.99% 7.15% 7.06% 8.41% 8.85% 9.17%
EPS 2 1.62 0.67 1.3 2.08 2.3 2.184 2.412 2.571
Distribution rate 96.9% 251% 136% 94.7% 90% 93.6% 89.3% 86.7%
Net sales 1 2,556 2,557 2,627 2,478 2,440 3,017 3,063 3,262
EBITDA 1 447.3 478.7 500.2 503.1 515.4 520.6 553.4 591.6
EBIT 1 250 129.4 246.1 357.1 376.5 369.9 409 452.4
Net income 1 198.2 79.29 154.6 246.8 271.3 250.4 275.3 291.5
Net Debt 1 844 705.3 580.9 489.3 253.3 505.4 448.4 393.4
Reference price 2 23.27 20.42 25.34 27.54 29.34 24.32 24.32 24.32
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.($)
11.71x1.38x4.41x6.75% 235B
10.33x2.49x6.58x6.03% 194B
13.06x2.12x5.52x4.21% 148B
12.24x0.87x3.24x6.5% 80.79B
12.17x1.76x7.53x3.54% 77.9B
12.71x1.99x5.03x2.5% 76.41B
14.67x2.67x8.35x5.1% 57.32B
23.9x5.38x19.65x4.48% 56.47B
14.48x1.8x5.53x4.76% 50.66B
Average 13.92x 2.27x 7.32x 4.87% 108.49B
Weighted average by Cap. 12.82x 2.08x 6.38x 5.28%

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