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 5,418 - -
Change - -60.11% 69.84% -22.9% 34.68% -22% - -
Enterprise Value (EV) 1 10,695 4,676 7,347 5,770 7,551 5,938 5,811 5,554
Change - -56.28% 57.12% -21.46% 30.87% -21.36% -2.13% -4.43%
P/E 57.5x 34.5x 50.2x 29.1x 25.2x 23.9x 21.3x 19x
PBR 20.8x 7.12x 9.87x 8.06x 14.2x 9.8x 7.66x 6.2x
PEG - -1x 3.1x 0.9x 0.4x -1.4x 1.8x 1.6x
Capitalization / Revenue 10.2x 4.15x 6.69x 4.94x 6.37x 4.64x 4.32x 4.05x
EV / Revenue 11.1x 4.92x 7.34x 5.53x 6.92x 5.09x 4.63x 4.15x
EV / EBITDA 23.9x 12.8x 18.4x 13.1x 16.4x 13.1x 11.8x 10.5x
EV / EBIT 30x 17.2x 23.5x 16.3x 19.7x 14.4x 13x 11.5x
EV / FCF 29.9x 24.2x 30.3x 20.2x 26.9x 19.3x 16.5x 14.1x
FCF Yield 3.35% 4.13% 3.3% 4.94% 3.72% 5.18% 6.08% 7.09%
Dividend per Share 2 1 1.178 1.361 1.441 1.81 1.672 1.811 1.95
Rate of return 0.73% 2.15% 1.47% 2.04% 1.8% 2.12% 2.29% 2.47%
EPS 2 2.4 1.59 1.85 2.43 4 3.31 3.707 4.154
Distribution rate 41.7% 74.1% 73.6% 59.3% 45.2% 50.5% 48.8% 46.9%
Net sales 1 967 949.6 1,000 1,044 1,091 1,167 1,255 1,339
EBITDA 1 447.7 365.2 399.2 441.6 461.7 454.7 494.5 528.4
EBIT 1 356.8 272.4 313 354.6 382.4 412.2 447.2 482.8
Net income 1 173.4 114.4 134.7 177.2 280.6 226.1 251.2 280
Net Debt 1 820.5 737.6 657.8 612.6 605.4 520.4 393.7 136.5
Reference price 2 137.89 54.87 92.89 70.67 100.68 78.98 78.98 78.98
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.($)
25.85x9.55x15.61x0.78% 3,779B
122.72x53.56x86.93x-.--% 449B
480.04x20.58x81.33x-.--% 96.43B
67.98x14.35x30.24x-.--% 89.27B
104.79x8.92x22.54x-.--% 79.55B
33.42x1.6x12.85x-.--% 60.4B
179.07x5.73x24.19x-.--% 44.54B
33.4x6.98x33.48x-.--% 44.66B
109.83x4.34x21.06x-.--% 37.92B
Average 128.57x 13.95x 36.47x 0.09% 520.15B
Weighted average by Cap. 48.96x 13.88x 24.47x 0.63%

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