Company Valuation: Safeguard Scientifics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 178 226.7 133.3 121.3 50.6 13
Change - 27.37% -41.2% -8.99% -58.29% -74.3%
Enterprise Value (EV) 1 202.5 204.4 120.1 94.08 32.13 4.755
Change - 0.96% -41.26% -21.65% -65.85% -85.2%
P/E -11.3x 4.16x -3.52x 5.4x -3.55x -1.29x
PBR 2.66x 2.23x 2.12x 2.4x 1.44x 0.65x
PEG - -0x 0x -0x 0x 0x
Capitalization / Revenue - - - - - -
EV / Revenue - - - - - -
EV / EBITDA -16.5x -22.3x -16.3x - - -
EV / EBIT -16.2x -20.5x -14.7x -14.6x -6.73x -0.84x
EV / FCF -19.8x -15.4x -64.7x -21.7x -21.1x -4.4x
FCF Yield -5.06% -6.48% -1.54% -4.61% -4.75% -22.7%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.7608 2.64 -1.813 1.36 -0.873 -0.61
Distribution rate - - - - - -
Net sales - - - - - -
EBITDA 1 -12.28 -9.174 -7.358 - - -
EBIT 1 -12.47 -9.982 -8.166 -6.453 -4.775 -5.683
Net income 1 -15.63 54.56 -37.62 27 -14.26 -9.828
Net Debt 1 24.52 -22.25 -13.22 -27.24 -18.47 -8.249
Reference price 2 8.6200 10.9800 6.3800 7.3500 3.1000 0.7845
Nbr of stocks (in thousands) 20,647 20,645 20,893 16,506 16,322 16,576
Announcement Date 3/1/19 2/28/20 3/5/21 3/11/22 3/10/23 3/26/24
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 5.85M
15.55x3.74x - 2.27% 168B
19.54x5.56x11.89x2.14% 166B
17.64x7.7x - 1.42% 110B
23.17x12.1x20.75x4.21% 76.25B
14.34x5.42x - 1.83% 52.71B
12.11x1.86x5.7x1.21% 48.75B
5.2x5.38x3.87x3.51% 36.66B
14.49x5.28x16.45x1.82% 33.79B
Average 15.25x 5.88x 11.73x 2.3% 76.99B
Weighted average by Cap. 16.74x 5.88x 12.54x 2.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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