Company Valuation: LiveWire Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 505 499.5 981.7 2,291 977.6 901.6
Change - -1.09% 96.53% 133.36% -57.32% -7.77%
Enterprise Value (EV) 1 507.6 506.2 719.6 2,125 914 894.6
Change - -0.27% 42.16% 195.26% -56.98% -2.12%
P/E - - -10.5x -20.9x -10.4x -11.9x
PBR - - 3.2x 11.2x 8.5x 19.6x
PEG - - - -1.2x 0.7x 0.6x
Capitalization / Revenue 16.4x 14x 21x 60.2x 36.7x 35.1x
EV / Revenue 16.4x 14.1x 15.4x 55.9x 34.3x 34.8x
EV / EBITDA -6.94x -7.98x -8.93x -19.3x -9.46x -13.5x
EV / EBIT -6.59x -7.42x -8.47x -18.3x -8.64x -11.9x
EV / FCF -14.5x -9.16x -10.9x -32.5x -13.8x -27.7x
FCF Yield -6.89% -10.9% -9.14% -3.08% -7.25% -3.61%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 - - -0.46 -0.541 -0.4622 -0.37
Distribution rate - - - - - -
Net sales 1 30.86 35.81 46.83 38.02 26.63 25.67
EBITDA 1 -73.11 -63.46 -80.55 -110.2 -96.66 -66.35
EBIT 1 -77.06 -68.18 -84.96 -116 -105.7 -75.48
Net income 1 -77.57 -68.29 -78.94 -109.6 -93.92 -75.11
Net Debt 1 2.594 6.703 -262 -166 -63.64 -7.052
Reference price 2 10.100 9.990 4.850 11.310 4.810 4.420
Nbr of stocks (in thousands) 50,000 50,000 202,403 202,544 203,250 203,989
Announcement Date 2/7/22 4/14/22 3/6/23 2/23/24 2/21/25 2/20/26
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 308M
-147.98x9.53x-231.02x - 6.19B
14.53x0.71x7.48x4.02% 4.06B
10.42x0.79x8.11x4.22% 2.64B
-2.33x - - - 61.22M
Average -31.34x 3.67x -71.81x 4.12% 2.65B
Weighted average by Cap. -64.06x 4.96x -106.92x 4.1%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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  4. Valuation LiveWire Group, Inc.