Company Valuation: Software Circle plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 6.44 6.125 10.59 70.21 115.5 61.24
Change - -4.89% 72.9% 563.01% 64.44% -46.96%
Enterprise Value (EV) 1 10.78 8.813 27.31 63.95 117.7 72.66
Change - -18.25% 209.9% 134.15% 84.05% -38.27%
P/E -3.07x -5.32x -7.7x -19.5x -351x -74.8x
PBR 1.51x 2.46x 11.4x 3.24x 5.4x 2.94x
PEG - 0.1x -0.4x 0.8x 3.9x -1x
Capitalization / Revenue 0.66x 0.69x 0.91x 4.34x 6.32x 2.75x
EV / Revenue 1.11x 0.99x 2.34x 3.96x 6.44x 3.26x
EV / EBITDA -5.64x 252x 94.8x 79x 44x 13.2x
EV / EBIT -4.32x -11.3x -23.7x -30.7x -98.2x 120x
EV / FCF -13.6x -3.36x 45.3x 26x 20.4x 16.6x
FCF Yield -7.36% -29.8% 2.21% 3.85% 4.9% 6.03%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0183 -0.0101 -0.012 -0.009227 -0.000843 -0.0021
Distribution rate - - - - - -
Net sales 1 9.748 8.916 11.68 16.16 18.27 22.26
EBITDA 1 -1.913 0.035 0.288 0.81 2.673 5.488
EBIT 1 -2.497 -0.778 -1.151 -2.086 -1.199 0.604
Net income 1 -2.085 -1.15 -1.376 -2.37 -0.329 -0.809
Net Debt 1 4.34 2.688 16.72 -6.264 2.234 11.41
Reference price 2 0.0562 0.0535 0.0925 0.1800 0.2960 0.1570
Nbr of stocks (in thousands) 114,491 114,491 114,491 390,083 390,083 390,083
Announcement Date 8/20/21 8/17/22 8/29/23 8/23/24 8/8/25 8/7/26
1GBP in Million2GBP
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 85.82M
33.19x1.35x13.88x - 588M
16.22x1.28x7.31x2.92% 549M
13.96x - - 3.79% 372M
12.01x - - 3.41% 291M
23.49x - - 2.91% 209M
Average 19.77x 1.31x 10.60x 3.26% 349.23M
Weighted average by Cap. 20.91x 1.32x 10.71x 3.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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