Company Valuation: TeamViewer SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,377 2,132 2,340 1,490 949.6 1,089 - -
Change - -10.31% 9.76% -36.33% -36.26% 14.65% - -
Enterprise Value (EV) 1 2,704 2,112 2,787 1,879 1,851 1,796 1,577 1,382
Change - -21.88% 31.96% -32.57% -1.5% -2.96% -12.19% -12.4%
P/E 47.3x 32.6x 21.3x 12.6x 8.07x 8.17x 7.3x 6.9x
PBR 7.39x 19.3x 28x 14.8x 5.76x 3.53x 2.36x 1.73x
PEG - 0.7x 0.3x 0.8x -6.13x 0.6x 0.6x 1.19x
Capitalization / Revenue 4.74x 3.77x 3.73x 2.22x 1.27x 1.43x 1.38x 1.33x
EV / Revenue 5.4x 3.73x 4.45x 2.8x 2.48x 2.36x 2.01x 1.69x
EV / EBITDA 10.5x 7.07x 10.7x 6.33x 5.69x 5.5x 4.68x 4.06x
EV / EBIT 23x 14.7x 16.7x 9.1x 7.33x 7.24x 6x 5.02x
EV / FCF 15.1x 10.8x 12.4x 7.71x 8.15x 8.9x 6.83x 6.14x
FCF Yield 6.61% 9.26% 8.05% 13% 12.3% 11.2% 14.6% 16.3%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.25 0.37 0.66 0.76 0.75 0.8447 0.945 0.9999
Distribution rate - - - - - - - -
Net sales 1 501.1 565.9 626.7 671.4 746.8 761.5 786.5 818.4
EBITDA 1 257 298.7 260.5 296.7 325.6 326.8 336.7 340
EBIT 1 117.4 143.7 166.6 206.4 252.6 248 262.7 275.1
Net income 1 50.05 67.6 114 123.1 118.2 134.6 150 161.1
Net Debt 1 326.9 -19.77 447.2 389.4 901.4 707.5 488.4 292.9
Reference price 2 11.820 12.045 14.060 9.544 6.050 6.900 6.900 6.900
Nbr of stocks (in thousands) 201,071 176,977 166,417 156,098 156,966 157,795 - -
Announcement Date 2/2/22 2/7/23 2/7/24 2/11/25 2/9/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.91x9.57x15.59x0.76% 3,788B
120.51x52.1x84.57x-.--% 439B
63.44x13.4x28.26x-.--% 83.96B
104.81x8.9x22.56x-.--% 79.78B
380.71x16.25x64.21x-.--% 77.11B
38.15x1.91x15.25x-.--% 69.27B
196.75x6.29x24.28x-.--% 49.28B
111.72x4.59x22.29x-.--% 40.04B
27.99x5.79x27.77x-.--% 36.93B
Average 118.89x 13.20x 33.86x 0.08% 518.1B
Weighted average by Cap. 45.44x 13.51x 23.47x 0.62%

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