Company Valuation: Spineway

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2024 2025 2026 2027 2028
Market Cap 1 12.1 0.4137 1.623 3.027 2.031 - -
Change - -96.58% - 86.5% -32.89% - -
Enterprise Value (EV) 1 0.604 -3.686 -2.892 3.027 4.631 9.431 12.43
Change - -710.31% - 204.64% 53.01% 103.65% 31.81%
P/E -8x -1.22x -0.61x -2.36x -1.62x -1.7x -
PBR 0x - 0.01x - 0.2x 0.2x 0.2x
PEG - 0x - 0x 0.64x 0.39x -
Capitalization / Revenue 2.82x - 0.14x - 0.15x 0.14x 0.12x
EV / Revenue 0.14x - -0.24x - 0.35x 0.65x 0.74x
EV / EBITDA -0.76x 1.69x 3.26x - 46.3x 23.6x 6.22x
EV / EBIT -0.43x 1.15x 3.26x - -1.85x -3.77x -
EV / FCF - - - - -1.01x -1.85x -3.55x
FCF Yield - - - - -99.3% -54.1% -28.2%
Dividend per Share 2 - - - - - - -
Rate of return - - - - - - -
EPS 2 -8,000 -1,723 -0.134 -0.0644 -0.0628 -0.06 -
Distribution rate - - - - - - -
Net sales 1 4.29 - 11.95 - 13.2 14.5 16.7
EBITDA 1 -0.79 -2.176 -0.887 - 0.1 0.4 2
EBIT 1 -1.409 -3.21 -0.887 - -2.5 -2.5 -
Net income 1 -1.583 -3.137 -3.859 - -2.5 -2.5 -
Net Debt 1 -11.49 -4.1 -4.515 - 2.6 7.4 10.4
Reference price 2 64,000.0000 2,100.0000 0.0815 0.1520 0.1020 0.1020 0.1020
Nbr of stocks (in thousands) 0.19 0.2 19,912 19,912 19,912 - -
Announcement Date 2/1/22 2/10/23 3/24/25 3/18/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-1.63x0.35x46.31x - 2.29M
27.63x3.84x14.83x2.64% 169B
18.25x3.37x12.04x3.26% 110B
21.42x4.21x14.72x1.31% 106B
25.26x2.48x10.04x2.86% 73.87B
16.92x0.2x12.42x0.77% 58.98B
29.6x7.3x18.91x1.35% 51.28B
34.07x3.32x11.38x2.22% 48.16B
35.11x8.73x24.55x-.--% 40.84B
34.3x6.01x18.87x-.--% 32.21B
Average 24.09x 3.98x 18.41x 1.6% 69.02B
Weighted average by Cap. 25.36x 3.98x 14.47x 1.99%

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