Company Valuation: Prologue

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 30.57 20.24 18.57 18.32 23.18 24.74 - -
Change - -33.8% -8.27% -1.35% 26.58% 6.72% - -
Enterprise Value (EV) 1 43.04 27.54 21.73 17.73 10.39 9.061 6.281 3.371
Change - -36.02% -21.09% -18.41% -41.42% -12.76% -30.68% -46.33%
P/E -12.3x 15.9x -2.04x 7.14x 2.81x 9x 9x 9x
PBR - - - - - - - -
PEG - -0x 0x -0x 0x -0.1x - -
Capitalization / Revenue 0.32x 0.19x 0.17x 0.16x 0.36x 0.5x 0.49x 0.48x
EV / Revenue 0.46x 0.25x 0.19x 0.16x 0.16x 0.18x 0.12x 0.06x
EV / EBITDA 4.95x 7.21x 3.17x 2.59x 51.9x 2.05x 1.36x 0.71x
EV / EBIT -44x 14.6x -13.6x 3.77x -4.25x 2.48x 1.64x 0.87x
EV / FCF 7.95x -29.5x 5.73x 5.32x -0.83x 3.09x 2.22x 1.14x
FCF Yield 12.6% -3.4% 17.5% 18.8% -121% 32.3% 45.1% 87.8%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.028 0.014 -0.11 0.028 0.09 0.03 0.03 0.03
Distribution rate - - - - - - - -
Net sales 1 94.28 108.4 111.7 111.3 65 49.56 50.86 52.06
EBITDA 1 8.69 3.817 6.86 6.843 0.2 4.41 4.61 4.72
EBIT 1 -0.979 1.886 -1.598 4.697 -2.441 3.66 3.82 3.89
Net income 1 -2.637 0.621 -10.2 1.977 9.825 2.88 3.05 3.14
Net Debt 1 12.47 7.3 3.166 -0.585 -12.8 -15.68 -18.46 -21.37
Reference price 2 0.3450 0.2220 0.2240 0.2000 0.2530 0.2700 0.2700 0.2700
Nbr of stocks (in thousands) 88,622 91,167 82,884 91,578 91,634 91,634 - -
Announcement Date 4/30/22 4/30/23 4/30/24 5/13/25 4/29/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9x0.18x2.05x - 27.85M
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 380.13x 18.85x 49.56x 0.4% 594.5B
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