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 2.453 - -
Change - -96.58% - 86.5% -18.95% - -
Enterprise Value (EV) 1 0.604 -3.686 -2.892 3.027 5.053 9.853 12.85
Change - -710.31% - 204.64% 66.96% 94.99% 30.45%
P/E -8x -1.22x -0.61x -2.36x -1.96x -2.05x -
PBR 0x - 0.01x - 0.25x 0.25x 0.25x
PEG - 0x - 0x 0.78x 0.46x -
Capitalization / Revenue 2.82x - 0.14x - 0.19x 0.17x 0.15x
EV / Revenue 0.14x - -0.24x - 0.38x 0.68x 0.77x
EV / EBITDA -0.76x 1.69x 3.26x - 50.5x 24.6x 6.43x
EV / EBIT -0.43x 1.15x 3.26x - -2.02x -3.94x -
EV / FCF - - - - -1.1x -1.93x -3.67x
FCF Yield - - - - -91% -51.8% -27.2%
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 0.1232 0.1232 0.1232
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.($)
-1.96x0.38x50.53x - 2.85M
31.08x4.2x16.15x2.37% 187B
19.92x3.63x12.95x3.01% 120B
18.12x0.21x13.19x0.72% 63.15B
29.59x7.29x18.82x1.35% 51.75B
35.6x3.43x11.76x2.12% 50.32B
35.23x6.2x19.45x-.--% 33.17B
47.24x1.35x12.52x0.2% 32.1B
39.65x6.94x24.91x0.27% 23.93B
18.12x2.89x10.23x1.53% 22.99B
Average 27.26x 3.65x 19.05x 1.29% 58.53B
Weighted average by Cap. 28.60x 3.88x 15.15x 1.84%

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