Company Valuation: Prodware S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 58.76 43.47 63.74 60.16 66.97 74.63
Change - -26.03% 46.65% -5.61% 11.32% 11.43%
Enterprise Value (EV) 1 171.5 155.8 184.5 189.5 254.8 299.1
Change - -9.14% 18.42% 2.69% 34.43% 17.4%
P/E 7.47x 4.86x -0.94x 4.84x -2.82x 3.36x
PBR 0.39x 0.28x 0.76x 0.6x 0.87x 0.75x
PEG - 0.3x 0x -0x 0x -0x
Capitalization / Revenue 0.31x 0.25x 0.39x 0.32x 0.18x 0.11x
EV / Revenue 0.91x 0.9x 1.11x 1.01x 0.67x 0.45x
EV / EBITDA 8.79x 7.95x 9.39x 6.29x 5.16x 5.06x
EV / EBIT 9.92x 8.72x 13.2x 6.47x 5.29x 5.26x
EV / FCF 36.8x 146x 3.91x -34.2x 2.74x -10.3x
FCF Yield 2.71% 0.69% 25.6% -2.93% 36.5% -9.72%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 1.017 1.214 -9.237 1.624 -3.098 2.9
Distribution rate - - - - - -
Net sales 1 187.7 172.4 165.5 188.3 380.6 668.7
EBITDA 1 19.52 19.62 19.65 30.12 49.42 59.1
EBIT 1 17.29 17.88 13.93 29.3 48.17 56.83
Net income 1 10.53 11.31 -68.46 15.7 -23.71 22.2
Net Debt 1 112.8 112.4 120.8 129.4 187.8 224.5
Reference price 2 7.59 5.90 8.68 7.86 8.75 9.75
Nbr of stocks (in thousands) 7,742 7,367 7,343 7,654 7,654 7,654
Announcement Date 4/28/20 4/23/21 5/18/22 4/26/23 4/24/24 5/5/25
1EUR in Million2EUR
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 247M
23.06x3.76x13.13x2.88% 221B
-131.77x18.43x100.28x-.--% 119B
13.87x1.53x8.03x3.46% 114B
14.91x2.73x10.29x5.51% 88.29B
20.51x5.38x13.21x2.78% 61.88B
14.81x2.16x9.15x5.26% 48.47B
21.96x1.8x11.18x1.33% 43.35B
21.25x1.61x10.31x0.89% 41.03B
17.85x2.28x10.7x4.89% 37.07B
Average 1.83x 4.41x 20.70x 3% 77.47B
Weighted average by Cap. -4.11x 5.30x 24.81x 2.87%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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