Company Valuation: Ifirma SA

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 37.76 170.9 122.9 223.4 145.9 205.4
Change - 352.54% -28.09% 81.77% -34.67% 40.79%
Enterprise Value (EV) 1 27.16 155.7 114.1 216.1 140.3 198.9
Change - 473.04% -26.71% 89.41% -35.06% 41.71%
P/E 20.3x 32.4x 16.5x 27.9x 17.4x 15.8x
PBR 1.13x 13.8x 8.96x 17.4x 10x 12.2x
PEG - 0x 0.4x 3.86x 3.63x 0.3x
Capitalization / Revenue 1.56x 5.11x 2.85x 4.36x 2.5x 3.24x
EV / Revenue 1.12x 4.65x 2.65x 4.21x 2.41x 3.14x
EV / EBITDA 9.65x 20.9x 12x 22.3x 13.8x 12.4x
EV / EBIT 11.8x 23.1x 12.7x 23.8x 14.6x 12.8x
EV / FCF 14.2x 24.9x 22.4x 33.7x 23.5x 21.3x
FCF Yield 7.07% 4.01% 4.46% 2.97% 4.26% 4.69%
Dividend per Share 2 0.17 0.57 1.15 1.23 1.1 1.77
Rate of return 2.88% 2.13% 5.99% 3.52% 4.82% 5.51%
EPS 2 0.29 0.8252 1.166 1.25 1.31 2.03
Distribution rate 58.6% 69.1% 98.6% 98.4% 84% 87.2%
Net sales 1 24.2 33.46 43.05 51.27 58.27 63.39
EBITDA 1 2.815 7.456 9.538 9.703 10.16 16.04
EBIT 1 2.3 6.75 8.96 9.089 9.599 15.57
Net income 1 1.859 5.281 7.461 8.005 8.396 13.02
Net Debt 1 -10.6 -15.22 -8.795 -7.273 -5.593 -6.588
Reference price 2 5.90 26.70 19.20 34.90 22.80 32.10
Nbr of stocks (in thousands) 6,400 6,400 6,400 6,400 6,400 6,400
Announcement Date 3/19/21 3/25/22 3/24/23 3/21/24 3/20/25 3/19/26
1PLN in Million2PLN
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 37.16M
25.07x9.26x15.15x0.8% 3,667B
116.4x50.67x82.24x-.--% 427B
410.75x17.46x69.02x-.--% 82.56B
58.87x12.44x26.23x-.--% 77.91B
96.92x8.29x21x-.--% 73.77B
34.34x1.66x13.29x-.--% 62.34B
194.07x6.2x23.93x-.--% 48.61B
111.51x4.4x21.39x-.--% 38.42B
28.38x5.87x28.18x-.--% 37.45B
Average 119.59x 12.92x 33.38x 0.09% 451.46B
Weighted average by Cap. 45.23x 13.16x 22.99x 0.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


-40%: Exceptional extension
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