Company Valuation: Progress Software Corporation

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,124 2,293 2,346 2,935 1,777 1,855 - -
Change - 7.93% 2.34% 25.09% -39.46% 4.38% - -
Enterprise Value (EV) 2,527 2,659 2,943 4,298 1,777 1,855 1,855 1,855
Change - 5.22% 10.7% 46.01% -58.66% 4.38% 0% 0%
P/E 27.5x 24.8x 34.3x 44.4x 24.9x 27.7x 24.2x -
PBR 5.16x 5.88x 5.09x 6.75x - - - -
PEG - 1.1x -1.3x -23.24x 3.2x -15.33x 1.7x -
Capitalization / Revenue 3.81x 3.75x 3.36x 3.9x 1.82x 1.86x 1.84x 1.82x
EV / Revenue 0x 0x 0x 0x 0x 1.86x 1.84x 1.82x
EV / EBITDA 0x 0x 0x 0x 0x 4.68x 4.64x 4.55x
EV / EBIT 0x 0x 0x 0x 0x 4.75x 4.7x 4.64x
EV / FCF 0x 0x 0x 0x 0x 6.86x 6.57x -
FCF Yield 8.19% 8.12% 7.17% 7.03% 12.9% 14.6% 15.2% -
Dividend per Share 2 0.7 0.7 0.7 0.525 - - - -
Rate of return 1.44% 1.31% 1.3% 0.77% - - - -
EPS 2 1.76 2.15 1.57 1.54 1.66 1.63 1.867 -
Distribution rate 39.8% 32.6% 44.6% 34.1% - - - -
Net sales 1 557.3 610.6 698.2 753.4 977.8 995.7 1,005 1,019
EBITDA 1 290.3 209 215.8 230.6 310.8 396.2 400 408
EBIT 1 229.2 242.1 270.6 298.5 384.8 390.4 394.4 400.1
Net income 1 78.42 95.07 70.2 68.44 73.13 68.41 83.65 -
Net Debt 402.9 366.3 597 1,363 - - - -
Reference price 2 48.45 53.32 53.86 68.41 41.41 45.22 45.22 45.22
Nbr of stocks (in thousands) 43,843 42,998 43,565 42,905 42,908 41,013 - -
Announcement Date 1/18/22 1/17/23 1/16/24 1/21/25 1/20/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.74x - - -.--% 1.85B
25.45x9.39x15.31x0.78% 3,720B
118.78x51.33x83.32x-.--% 432B
65.14x13.75x29.01x-.--% 86.21B
396.8x16.97x67.09x-.--% 80.38B
104.43x8.87x22.49x-.--% 79.49B
38x1.9x15.17x-.--% 69B
189.02x6.03x23.28x-.--% 47.34B
113.05x4.64x22.56x-.--% 40.51B
26.61x5.48x26.32x-.--% 35.11B
Average 110.50x 13.15x 33.84x 0.08% 459.26B
Weighted average by Cap. 45.50x 13.33x 23.23x 0.63%

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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