Company Valuation: FullNet Communications, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 0.4904 0.4362 1.646 11.15 7.194 1.957
Change - -11.05% 277.29% 577.65% -35.5% -72.8%
Enterprise Value (EV) 1 0.2728 0.4434 0.7525 8.899 4.719 -1.028
Change - 62.54% 69.72% 1,082.61% -46.97% -121.79%
P/E Ratio 1.8x 3.02x 1.67x 13x 12.5x 4.19x
PBR -0.36x -0.5x 11.1x 11.2x 7.25x 1.61x
PEG - -0.1x 0x -0.8x -0.3x -0.2x
Capitalization / Revenue 0.24x 0.18x 0.47x 2.7x 1.69x 0.47x
EV / Revenue 0.13x 0.18x 0.21x 2.15x 1.11x -0.25x
EV / EBITDA 132x 2.04x 1.02x 7.52x 5.58x -1.94x
EV / EBIT -18.5x 2.19x 1.03x 7.59x 5.68x -2.01x
EV / FCF -1.92x 1.5x 0.84x 9.44x 7.16x -1.66x
FCF Yield -52.2% 66.8% 120% 10.6% 14% -60.3%
Dividend per Share 2 - - - - 0.006 0.0132
Rate of return - - - - 1.6% 13.2%
EPS 2 0.02 0.009942 0.06 0.05 0.03 0.0238
Distribution rate - - - - 20% 55.4%
Net sales 1 2.07 2.421 3.502 4.136 4.268 4.191
EBITDA 1 0.002065 0.2179 0.7391 1.183 0.8459 0.5288
EBIT 1 -0.0148 0.2021 0.7301 1.173 0.8302 0.5122
Net income 1 0.2671 0.3173 1.072 0.893 0.6722 0.5321
Net Debt 1 -0.2176 0.007182 -0.8932 -2.253 -2.474 -2.985
Reference price 2 0.0360 0.0300 0.1000 0.6500 0.3750 0.1000
Nbr of stocks (in thousands) 13,621 14,540 16,457 17,157 19,183 19,565
Announcement Date 4/1/19 4/10/20 3/31/21 3/31/22 3/31/23 4/1/24
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 8.86M
11.64x1.36x4.23x6.89% 230B
10.02x2.5x6.69x5.87% 201B
14.12x2.19x5.76x3.99% 158B
13.38x2.09x5.26x2.31% 83.43B
12.55x0.84x3.12x6.33% 78.1B
11.67x1.69x6.93x3.6% 75.23B
15.87x2.76x8.65x4.98% 58.95B
17.55x1.95x6.07x4.41% 54.91B
16.26x5.24x19.01x4.42% 54.6B
Average 13.67x 2.29x 7.30x 4.75% 99.36B
Weighted average by Cap. 12.76x 2.10x 6.35x 5.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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