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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 247M
28.15x4.51x15.75x2.33% 272B
-91.12x14.39x83.34x-.--% 90.17B
10.21x1.12x5.88x4.73% 84.05B
13.47x2.45x9.09x6.14% 79.55B
18.39x4.85x11.97x3.1% 54.92B
13.6x1.99x8.34x5.73% 44.51B
18.97x1.52x9.56x1.51% 35.78B
19.31x1.42x9.05x1.03% 34.28B
15.52x1.98x9.21x5.57% 32.37B
Average 5.17x 3.80x 18.02x 3.35% 72.8B
Weighted average by Cap. 6.64x 4.59x 20.61x 3.04%

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 Prodware S.A.