Company Valuation: OSE Immunotherapeutics

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 187.7 123.4 80.55 156.8 115.5 75.17 - -
Change - -34.26% -34.73% 94.71% -26.37% -34.9% - -
Enterprise Value (EV) 1 186.5 138.1 100.4 186.2 134.2 116 138.3 160.2
Change - -25.96% -27.29% 85.45% -27.93% -13.6% 19.23% 15.86%
P/E -11.1x -6.95x -3.63x 4.84x -3.05x -2.46x -2.81x 1.33x
PBR - 3.79x 3.64x 2.45x 4.13x -11x -1.37x -0.85x
PEG - -2.15x -0.2x -0x 0x 0.1x 0.2x -0x
Capitalization / Revenue 7.14x 6.74x 36.2x 1.88x 44.1x 15.3x 7.14x 0.76x
EV / Revenue 7.09x 7.55x 45.1x 2.23x 51.2x 23.7x 13.1x 1.61x
EV / EBITDA -13.1x -8.83x -4.92x 3.78x -3.92x -4.2x -5.57x 2.38x
EV / EBIT -11.2x -7.51x -4.37x 4.26x -3.58x -3.92x -5.07x 2.49x
EV / FCF -18x -7.45x -5.08x 3.85x -3.93x -3.61x -3.19x -5.52x
FCF Yield -5.57% -13.4% -19.7% 26% -25.4% -27.7% -31.4% -18.1%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.93 -0.96 -1.18 1.48 -1.69 -1.301 -1.136 2.398
Distribution rate - - - - - - - -
Net sales 1 26.31 18.3 2.227 83.44 2.619 4.9 10.53 99.47
EBITDA 1 -14.29 -15.65 -20.41 49.26 -34.24 -27.62 -24.81 67.27
EBIT 1 -16.62 -18.39 -22.98 43.74 -37.49 -29.58 -27.25 64.4
Net income 1 -16.85 -17.76 -23 37.44 -37.69 -30.59 -21.47 64.4
Net Debt 1 -1.167 14.7 19.87 29.39 18.74 40.79 63.08 85.01
Reference price 2 10.280 6.675 4.280 7.170 5.150 3.196 3.196 3.196
Nbr of stocks (in thousands) 18,259 18,488 18,819 21,873 22,421 23,520 - -
Announcement Date 3/30/22 4/27/23 3/27/24 3/26/25 6/5/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.86x6.04x17.97x0.95% 49.81B
-21.01x245.16x-22.36x-.--% 44.06B
33.64x3.26x14.08x-.--% 42.99B
47.1x5.45x29.8x-.--% 40.88B
28.69x8.67x21.92x0.4% 33.11B
33.78x5.53x25.14x-.--% 16.58B
24.18x2.1x9.1x1.11% 14.63B
77.11x4.06x15.74x-.--% 13.76B
Average 32.17x 35.03x 13.92x 0.31% 31.98B
Weighted average by Cap. 27.59x 46.64x 12.61x 0.3%

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

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