Company Valuation: Funko, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 750.7 514.8 389.6 706 186.1 308 - -
Change - -31.43% -24.31% 81.19% -73.63% 65.47% - -
Enterprise Value (EV) 1 840.3 741.4 626.7 854.1 369.3 488.7 465.3 436.7
Change - -11.77% -15.46% 36.28% -56.76% 32.33% -4.78% -6.14%
P/E 17.4x -60.6x -2.42x -47.8x -2.74x 44x 28.2x 18.6x
PBR 2.97x - - - - - - -
PEG - 1x -0x 0.5x -0x -0x 0.5x 0.4x
Capitalization / Revenue 0.73x 0.39x 0.36x 0.67x 0.2x 0.33x 0.31x 0.29x
EV / Revenue 0.82x 0.56x 0.57x 0.81x 0.41x 0.52x 0.47x 0.42x
EV / EBITDA 5.6x 7.61x 23x 9.02x 13.9x 4.41x 4.43x 3.66x
EV / EBIT 8.8x 36x -6.04x 65.7x -8.11x 13.6x 15.6x 10.3x
EV / FCF 14.1x -7.47x -149x 9.41x -9.7x 42.9x 12.8x 8.46x
FCF Yield 7.09% -13.4% -0.67% 10.6% -10.3% 2.33% 7.82% 11.8%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.08 -0.18 -3.19 -0.28 -1.24 0.125 0.195 0.295
Distribution rate - - - - - - - -
Net sales 1 1,029 1,323 1,096 1,050 908.2 932.6 993.5 1,050
EBITDA 1 149.9 97.42 27.2 94.74 26.58 110.7 105.1 119.2
EBIT 1 95.46 20.57 -103.8 12.99 -45.54 35.86 29.82 42.2
Net income 1 43.9 -8.035 -154.1 -14.72 -67.36 5.15 11.1 17.55
Net Debt 1 89.66 226.6 237.1 148.2 183.2 180.7 157.3 128.7
Reference price 2 18.800 10.910 7.730 13.390 3.400 5.500 5.500 5.500
Nbr of stocks (in thousands) 39,930 47,184 50,405 52,723 54,743 55,996 - -
Announcement Date 3/3/22 3/1/23 3/7/24 3/6/25 3/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.43x2.11x11.52x1.92% 22.1B
14.87x2.88x9.8x3.22% 12.24B
28.94x8.09x17.71x3.02% 7.61B
8.44x0.95x6.28x-.--% 3.75B
33.04x1.64x16.13x-.--% 1.55B
10.78x0.8x4.46x3.03% 1.39B
Average 19.75x 2.74x 10.98x 1.87% 8.11B
Weighted average by Cap. 20.48x 3.10x 11.60x 2.24%

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