Company Valuation: United Internet AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,524 3,527 3,982 2,708 4,784 4,380 - -
Change - -45.94% 12.89% -31.98% 76.64% -8.45% - -
Enterprise Value (EV) 1 8,236 5,642 6,418 5,407 7,984 7,860 7,859 7,661
Change - -31.5% 13.76% -15.75% 47.66% -1.55% -0.01% -2.52%
P/E 15.7x 9.64x 17.1x -56x 16.9x 15.1x 12.5x 10.4x
PBR 1.46x 0.74x 0.81x 0.57x 1.02x 0.87x 0.83x 0.77x
PEG - -0.8x -0.5x 0x -0x 6.01x 0.6x 0.5x
Capitalization / Revenue 1.16x 0.6x 0.64x 0.43x 0.78x 0.69x 0.67x 0.65x
EV / Revenue 1.46x 0.95x 1.03x 0.85x 1.3x 1.24x 1.21x 1.14x
EV / EBITDA 6.54x 4.47x 4.97x 4.18x 6.23x 5.49x 4.96x 4.49x
EV / EBIT 9.93x 7.22x 8.42x 8.47x 13.5x 10.8x 9.09x 7.63x
EV / FCF 13.8x -67.3x -75.5x 114x 15.8x 14.5x 15x 11.3x
FCF Yield 7.26% -1.49% -1.32% 0.88% 6.34% 6.87% 6.68% 8.82%
Dividend per Share 2 0.5 0.5 0.5 0.4 0.5 0.535 0.5962 0.6743
Rate of return 1.43% 2.65% 2.17% 2.55% 1.81% 2.11% 2.35% 2.66%
EPS 2 2.22 1.96 1.35 -0.28 1.64 1.681 2.029 2.426
Distribution rate 22.5% 25.5% 37% -143% 30.5% 31.8% 29.4% 27.8%
Net sales 1 5,646 5,915 6,213 6,329 6,120 6,316 6,507 6,701
EBITDA 1 1,259 1,262 1,292 1,294 1,282 1,432 1,583 1,707
EBIT 1 829.9 781.4 762 638.7 593.1 730.9 864.3 1,004
Net income 1 416.5 367.2 232.7 -47.58 284.9 284.7 344.1 405.1
Net Debt 1 1,713 2,115 2,437 2,699 3,200 3,480 3,479 3,281
Reference price 2 34.94 18.89 23.04 15.67 27.68 25.34 25.34 25.34
Nbr of stocks (in thousands) 186,716 186,716 172,816 172,837 172,837 172,837 - -
Announcement Date 3/18/22 3/30/23 3/25/24 3/27/25 3/20/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.07x1.24x5.49x2.11% 4.98B
11.07x1.31x4.14x7.01% 223B
10.32x2.49x6.57x6.05% 194B
12.84x2.11x5.44x4.23% 145B
13.73x1.86x8.12x3.06% 90.37B
11.79x0.9x3.34x6.55% 80.2B
11.58x1.78x4.5x2.82% 65.61B
14.91x2.65x8.28x5.12% 57.32B
23.08x5.25x19.15x4.73% 54.79B
15.05x2.78x6.17x4.32% 52.09B
Average 13.95x 2.24x 7.12x 4.6% 96.79B
Weighted average by Cap. 12.67x 2.10x 6.36x 5.3%

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

  1. Stock Market
  2. Stocks
  3. UTDI Stock
  4. Valuation United Internet AG