Company Valuation: Temenos AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,874 3,938 6,689 5,157 6,946 6,197 - -
Change - -60.11% 69.84% -22.9% 34.68% -10.78% - -
Enterprise Value (EV) 1 10,695 4,676 7,347 5,770 7,551 6,727 6,600 6,265
Change - -56.28% 57.12% -21.46% 30.87% -10.91% -1.89% -5.08%
P/E 57.5x 34.5x 50.2x 29.1x 25.2x 27.3x 24.3x 21.7x
PBR 20.8x 7.12x 9.87x 8.06x 14.2x 10.9x 8.59x 6.99x
PEG - -1x 3.1x 0.9x 0.4x -1.6x 2x 1.8x
Capitalization / Revenue 10.2x 4.15x 6.69x 4.94x 6.37x 5.31x 4.94x 4.64x
EV / Revenue 11.1x 4.92x 7.34x 5.53x 6.92x 5.76x 5.26x 4.69x
EV / EBITDA 23.9x 12.8x 18.4x 13.1x 16.4x 14.8x 13.4x 11.9x
EV / EBIT 30x 17.2x 23.5x 16.3x 19.7x 16.3x 14.8x 13x
EV / FCF 29.9x 24.2x 30.3x 20.2x 26.9x 21.6x 18.5x 16x
FCF Yield 3.35% 4.13% 3.3% 4.94% 3.72% 4.63% 5.41% 6.26%
Dividend per Share 2 1 1.178 1.361 1.441 1.81 1.67 1.808 1.947
Rate of return 0.73% 2.15% 1.47% 2.04% 1.8% 1.85% 2% 2.15%
EPS 2 2.4 1.59 1.85 2.43 4 3.315 3.712 4.157
Distribution rate 41.7% 74.1% 73.6% 59.3% 45.2% 50.4% 48.7% 46.8%
Net sales 1 967 949.6 1,000 1,044 1,091 1,167 1,254 1,335
EBITDA 1 447.7 365.2 399.2 441.6 461.7 454.7 494.1 527.3
EBIT 1 356.8 272.4 313 354.6 382.4 412.2 447.2 482.8
Net income 1 173.4 114.4 134.7 177.2 280.6 226.5 251.6 280.2
Net Debt 1 820.5 737.6 657.8 612.6 605.4 530.1 402.9 67.35
Reference price 2 137.89 54.87 92.89 70.67 100.68 90.35 90.35 90.35
Nbr of stocks (in thousands) 71,610 71,771 72,006 72,976 68,984 68,591 - -
Announcement Date 2/14/22 2/20/23 2/19/24 2/18/25 2/24/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.23x9.31x15.18x0.78% 3,689B
111.88x48.26x78.34x-.--% 407B
63.81x13.48x28.42x-.--% 84.45B
370.9x15.8x62.45x-.--% 75.13B
104.72x8.9x22.54x-.--% 79.72B
38.05x1.91x15.2x-.--% 69.09B
188.43x6.01x23.2x-.--% 47.2B
112.77x4.63x22.5x-.--% 40.41B
26.39x5.43x26.08x-.--% 34.82B
Average 115.80x 12.64x 32.66x 0.09% 503.02B
Weighted average by Cap. 43.57x 12.78x 22.26x 0.64%

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