Company Valuation: Pegasystems Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,133 2,814 4,083 7,992 10,136 5,578 - -
Change - -69.19% 45.07% 95.77% 26.82% -44.97% - -
Enterprise Value (EV) 1 9,361 3,111 4,159 7,720 9,710 5,103 4,623 3,970
Change - -66.77% 33.69% 85.63% 25.78% -47.45% -9.4% -14.13%
P/E -145x -8.11x 66.9x 84x 28x 25.1x 18.7x 16.8x
PBR 22x 21.6x 11.6x - 12.9x 8.16x 5.37x 3.71x
PEG - -0x -1x 1.6x 0x -0.7x 0.5x 1.5x
Capitalization / Revenue 7.54x 2.14x 2.85x 5.34x 5.81x 2.99x 2.76x 2.55x
EV / Revenue 7.73x 2.36x 2.9x 5.16x 5.56x 2.74x 2.29x 1.81x
EV / EBITDA 167x 21.4x 14.9x 22.7x 21.5x 10x 8.07x 6.17x
EV / EBIT 170x 24.1x 15.8x 23.7x 22x 10.7x 8.5x 6.45x
EV / FCF 327x -238x 20.7x 22.8x 19.8x 9.8x 7.8x 6.58x
FCF Yield 0.31% -0.42% 4.83% 4.38% 5.05% 10.2% 12.8% 15.2%
Dividend per Share 2 0.06 0.06 0.06 0.06 0.105 0.1146 0.1129 0.1127
Rate of return 0.11% 0.35% 0.25% 0.13% 0.18% 0.34% 0.33% 0.33%
EPS 2 -0.385 -2.11 0.365 0.555 2.13 1.351 1.815 2.024
Distribution rate -15.6% -2.84% 16.4% 10.8% 4.93% 8.48% 6.22% 5.57%
Net sales 1 1,212 1,318 1,433 1,497 1,746 1,864 2,020 2,191
EBITDA 1 55.89 145.2 278.7 339.8 452 509.6 573.2 643.1
EBIT 1 54.91 128.8 263.9 325.4 440.9 479 543.8 615.2
Net income 1 -63.04 -345.6 67.81 99.19 393.4 242.3 290.4 341.2
Net Debt 1 227.9 296.4 76.03 -272.5 -425.8 -475.5 -955.1 -1,609
Reference price 2 55.91 17.12 24.43 46.60 59.72 33.93 33.93 33.93
Nbr of stocks (in thousands) 163,351 164,382 167,112 171,508 169,723 164,405 - -
Announcement Date 2/16/22 2/15/23 2/14/24 2/12/25 2/10/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.27x9.71x15.87x0.75% 3,843B
121.59x53.78x87.57x-.--% 454B
21.42x6.06x10.62x1.4% 431B
255.85x22.84x66.87x-.--% 330B
2700.4x45.28x148.08x-.--% 277B
26.03x5.22x16.46x1.46% 239B
86.99x8.45x22.61x-.--% 139B
58.52x15.77x41.53x-.--% 133B
495.26x21.25x83.97x-.--% 99.54B
Average 421.37x 20.93x 54.84x 0.4% 660.56B
Weighted average by Cap. 180.55x 15.31x 31.85x 0.65%

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