Company Valuation: Twilio Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 46,961 9,025 13,736 16,578 21,565 34,691 - -
Change - -80.78% 52.19% 20.69% 30.09% 60.86% - -
Enterprise Value (EV) 1 42,614 5,858 10,713 15,184 20,087 32,471 31,732 31,094
Change - -86.25% 82.88% 41.74% 32.29% 61.65% -2.28% -2.01%
P/E -48.3x -7.14x -13.7x -164x 677x 26.3x 64.6x 46x
PBR 4.27x 0.86x 1.42x 2.07x 2.78x 3.87x 3.68x 3.42x
PEG - -0.3x 0.7x 1.9x -5x 0x -1.1x 1.1x
Capitalization / Revenue 16.5x 2.36x 3.31x 3.72x 4.26x 5.78x 5.2x 4.7x
EV / Revenue 15x 1.53x 2.58x 3.41x 3.96x 5.41x 4.76x 4.22x
EV / EBITDA 163x 21.3x 13.1x 16.5x 17.9x 26x 21.4x 18.1x
EV / EBIT 16,910x -1,305x 20.1x 21.3x 21.7x 28.3x 23.8x 19.9x
EV / FCF -409x -17.5x 29.5x 23.1x 21.2x 28.7x 24.7x 21.4x
FCF Yield -0.24% -5.71% 3.39% 4.33% 4.71% 3.48% 4.04% 4.68%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -5.45 -6.86 -5.54 -0.66 0.21 8.592 3.498 4.915
Distribution rate - - - - - - - -
Net sales 1 2,842 3,826 4,154 4,458 5,067 6,000 6,673 7,376
EBITDA 1 260.9 274.6 817.4 920.4 1,119 1,250 1,480 1,715
EBIT 1 2.52 -4.49 533 714.4 924 1,147 1,336 1,564
Net income 1 -949.9 -1,256 -1,015 -109.4 33.83 1,354 539.2 782.3
Net Debt 1 -4,347 -3,168 -3,023 -1,394 -1,478 -2,220 -2,959 -3,597
Reference price 2 263.34 48.96 75.87 108.08 142.24 225.89 225.89 225.89
Nbr of stocks (in thousands) 178,329 184,340 181,043 153,384 151,613 153,575 - -
Announcement Date 2/9/22 2/15/23 2/14/24 2/13/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.09x9.26x15.09x0.79% 3,668B
111.57x48.52x78.74x-.--% 409B
59.12x12.49x26.35x-.--% 78.24B
372.68x15.88x62.77x-.--% 75.49B
98.7x8.43x21.35x-.--% 75.13B
38.23x1.91x15.3x-.--% 69.41B
178.3x5.67x21.89x-.--% 44.66B
111.29x4.57x22.16x-.--% 39.88B
26.29x5.41x25.98x-.--% 34.69B
Average 113.47x 12.46x 32.18x 0.09% 499.4B
Weighted average by Cap. 43.12x 12.77x 22.21x 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

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