Company Valuation: Kartoon Studios Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 353.9 316 148.2 48.85 25.92 38.81
Change - -10.7% -53.1% -67.04% -46.93% 49.69%
Enterprise Value (EV) 1 257.1 211.1 149.4 61.52 32.8 50.26
Change - -17.9% -29.2% -58.83% -46.68% 53.22%
P/E -0.49x -2.47x -3.2x -0.61x -1.09x -1.47x
PBR 2.99x 2.23x 1.33x 0.95x 0.78x 1.51x
PEG - 0x 0x -0x 0x 0.16x
Capitalization / Revenue 143x 40.1x 2.38x 1.11x 0.8x 0.99x
EV / Revenue 104x 26.8x 2.4x 1.4x 1.01x 1.28x
EV / EBITDA -14.7x -5.83x -7.25x -2.48x -2.25x -5.27x
EV / EBIT -14.6x -5.73x -6.41x -2.25x -1.93x -4.15x
EV / FCF -71.1x 32.6x -19.1x -15.1x 4.7x 3.15x
FCF Yield -1.41% 3.07% -5.23% -6.61% 21.3% 31.7%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -28.2 -4.245 -1.453 -2.29 -0.54 -0.49
Distribution rate - - - - - -
Net sales 1 2.482 7.873 62.3 44.08 32.59 39.35
EBITDA 1 -17.47 -36.22 -20.62 -24.83 -14.59 -9.536
EBIT 1 -17.57 -36.82 -23.33 -27.38 -17 -12.12
Net income 1 -401.7 -126.3 -45.6 -77.1 -20.74 -24.53
Net Debt 1 -96.79 -105 1.235 12.67 6.876 11.45
Reference price 2 13.8000 10.5000 4.6500 1.3900 0.5900 0.7200
Nbr of stocks (in thousands) 25,643 30,097 31,871 35,142 43,939 53,897
Announcement Date 3/31/21 4/6/22 4/13/23 4/9/24 3/31/25 3/31/26
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 37.7M
19.81x2.55x10.78x2.73% 14.82B
40.9x3.09x7.84x1.64% 13.91B
32.22x1.88x15.84x2.35% 12.12B
17.68x1.21x9.86x1.77% 4.22B
26.83x5.06x15.91x1.57% 4.05B
36.47x6.32x14.9x-.--% 2.86B
44.41x - - - 2.52B
22.24x1.24x6.07x0.33% 2.44B
Average 30.07x 3.05x 11.60x 1.48% 6.33B
Weighted average by Cap. 29.97x 2.76x 11.47x 1.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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