Company Valuation: OneSpan Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 675.7 443.7 427.6 704.4 488.3 571.7 -
Change - -34.33% -3.64% 64.73% -30.68% 17.08% -
Enterprise Value (EV) 1 577.2 344.9 384.1 621 417.8 530.3 466.3
Change - -40.24% 11.35% 61.7% -32.73% 26.93% -12.07%
P/E -22x -31.1x -14.5x 12.7x 6.83x 19x 13.4x
PBR - - - - - - -
PEG - 0.6x -0x -0x 0.2x -0.3x 0.3x
Capitalization / Revenue 3.15x 2.03x 1.82x 2.9x 2.01x 2.32x 2.25x
EV / Revenue 2.69x 1.57x 1.63x 2.55x 1.72x 2.15x 1.84x
EV / EBITDA -114x 53.9x 32x 8.57x 5.38x 8.09x 6.58x
EV / EBIT -22.1x -12.7x -13.3x 13.9x 8.62x 10.7x 8.55x
EV / FCF -117x -32x -16.5x 13.4x 8.27x 13x 10.3x
FCF Yield -0.85% -3.13% -6.05% 7.48% 12.1% 7.67% 9.72%
Dividend per Share 2 - - - - - - -
Rate of return - - - - - - -
EPS 2 -0.77 -0.36 -0.74 1.46 1.88 0.81 1.15
Distribution rate - - - - - - -
Net sales 1 214.5 219 235.1 243.2 243.2 246.4 253.9
EBITDA 1 -5.063 6.396 12 72.5 77.65 65.51 70.84
EBIT 1 -26.13 -27.12 -28.87 44.8 48.45 49.67 54.51
Net income 1 -30.58 -14.43 -29.8 57.08 72.9 31.05 36.75
Net Debt 1 -98.49 -98.83 -43.53 -83.33 -70.5 -41.4 -105.4
Reference price 2 16.93 11.19 10.72 18.54 12.84 15.42 15.42
Nbr of stocks (in thousands) 39,910 39,655 39,887 37,991 38,027 37,073 -
Announcement Date 2/22/22 2/28/23 3/6/24 2/27/25 2/26/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
251.62x24.1x73.54x-.--% 279B
1236.66x31.88x107.07x-.--% 195B
56.71x14.23x39.16x-.--% 116B
-62.93x9.02x236.74x-.--% 15.6B
15.13x4.16x8.27x1.92% 15.73B
16.78x3.74x9.07x-.--% 13.57B
-44.13x6.15x31.34x-.--% 8.38B
75.01x4.62x66.12x0.22% 7.36B
-40.2x6.5x216.57x-.--% 5.3B
Average 167.18x 11.60x 87.54x 0.24% 72.81B
Weighted average by Cap. 483.60x 22.82x 78.94x 0.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA