Company Valuation: Snap Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 75,709 14,437 27,873 18,064 13,875 9,454 - -
Change - -80.93% 93.07% -35.19% -23.19% -31.87% - -
Enterprise Value (EV) 1 74,269 14,241 28,079 18,331 14,471 9,931 8,822 7,794
Change - -80.83% 97.17% -34.72% -21.06% -31.37% -11.17% -11.65%
P/E -152x -10.1x -20.6x -25.6x -29.9x -85.9x 45.3x 22.1x
PBR 19.3x 5.46x 11.5x 7.43x 6.05x 4.28x 3.12x 2.32x
PEG - -0x 2.62x 0.5x 0.8x 1.1x -0x 0x
Capitalization / Revenue 18.4x 3.14x 6.05x 3.37x 2.34x 1.39x 1.26x 1.16x
EV / Revenue 18x 3.09x 6.1x 3.42x 2.44x 1.46x 1.17x 0.96x
EV / EBITDA 120x 37.7x 174x 36x 21x 7.57x 5.54x 4.12x
EV / EBIT -106x -10.2x -20.1x -23.3x -27.2x -112x 33.2x 15.5x
EV / FCF 333x 257x 807x 83.8x 33.1x 10.8x 7.47x 5.57x
FCF Yield 0.3% 0.39% 0.12% 1.19% 3.02% 9.28% 13.4% 18%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.31 -0.89 -0.82 -0.42 -0.27 -0.0651 0.1234 0.2534
Distribution rate - - - - - - - -
Net sales 1 4,117 4,602 4,606 5,361 5,931 6,807 7,515 8,159
EBITDA 1 616.7 377.6 161.6 508.6 689.5 1,311 1,593 1,892
EBIT 1 -702.1 -1,395 -1,398 -787.3 -532.2 -88.36 265.6 502.3
Net income 1 -488 -1,430 -1,322 -697.9 -460.5 -101.2 220.8 438
Net Debt 1 -1,440 -196.6 205.3 267.6 596.3 477.5 -631.9 -1,659
Reference price 2 47.030 8.950 16.930 10.770 8.070 5.590 5.590 5.590
Nbr of stocks (in thousands) 1,609,798 1,613,101 1,646,395 1,677,206 1,719,359 1,691,198 - -
Announcement Date 2/3/22 1/31/23 2/6/24 2/4/25 2/4/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
59.68x5.88x10.82x - 13.16B
-82.18x1.4x7.26x-.--% 9.05B
12.2x4.62x8.56x5.69% 7.59B
29.01x4.82x24.23x-.--% 3.53B
13.03x1.58x7.81x1.25% 2.42B
25.56x1.48x6.19x - 1.65B
6.53x1.07x6.67x2.81% 1.51B
11.28x - - - 1.09B
Average 9.39x 2.98x 10.22x 1.95% 5B
Weighted average by Cap. 8.32x 3.86x 10.22x 2.1%

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