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 9,640 - -
Change - -80.93% 93.07% -35.19% -23.19% -30.52% - -
Enterprise Value (EV) 1 74,269 14,241 28,079 18,331 14,471 10,184 9,008 7,980
Change - -80.83% 97.17% -34.72% -21.06% -29.63% -11.54% -11.41%
P/E -152x -10.1x -20.6x -25.6x -29.9x -87.4x 44.7x 22.5x
PBR 19.3x 5.46x 11.5x 7.43x 6.05x 4.36x 3.18x 2.37x
PEG - -0x 2.62x 0.5x 0.8x 1.2x -0x 0.2x
Capitalization / Revenue 18.4x 3.14x 6.05x 3.37x 2.34x 1.42x 1.28x 1.18x
EV / Revenue 18x 3.09x 6.1x 3.42x 2.44x 1.5x 1.2x 0.98x
EV / EBITDA 120x 37.7x 174x 36x 21x 7.76x 5.63x 4.22x
EV / EBIT -106x -10.2x -20.1x -23.3x -27.2x -114x 32.6x 15.9x
EV / FCF 333x 257x 807x 83.8x 33.1x 11x 7.63x 5.7x
FCF Yield 0.3% 0.39% 0.12% 1.19% 3.02% 9.05% 13.1% 17.5%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.31 -0.89 -0.82 -0.42 -0.27 -0.0652 0.1276 0.2534
Distribution rate - - - - - - - -
Net sales 1 4,117 4,602 4,606 5,361 5,931 6,808 7,522 8,159
EBITDA 1 616.7 377.6 161.6 508.6 689.5 1,312 1,601 1,892
EBIT 1 -702.1 -1,395 -1,398 -787.3 -532.2 -89.11 276.4 502.3
Net income 1 -488 -1,430 -1,322 -697.9 -460.5 -101.2 229.9 438
Net Debt 1 -1,440 -196.6 205.3 267.6 596.3 543.7 -631.9 -1,659
Reference price 2 47.030 8.950 16.930 10.770 8.070 5.700 5.700 5.700
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.($)
56.11x5.61x10.01x - 12.61B
-84.76x1.45x7.54x-.--% 9.64B
11.22x4.37x8.28x6.2% 7.01B
27.36x4.49x22.58x-.--% 3.25B
12.54x1.5x7.41x1.3% 2.38B
24.87x1.45x6.05x - 1.57B
6.25x1.05x6.43x2.81% 1.5B
84.42x - - - 1.42B
Average 17.25x 2.85x 9.76x 2.06% 4.92B
Weighted average by Cap. 6.51x 3.62x 9.67x 2.13%

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

-40%: Exceptional extension
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