Company Valuation: Vertex, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,361 2,177 4,137 8,320 3,186 2,187 - -
Change - -7.8% 90.04% 101.11% -61.71% -31.36% - -
Enterprise Value (EV) 1 2,288 2,123 4,106 8,350 3,209 2,192 2,038 1,812
Change - -7.22% 93.42% 103.36% -61.57% -31.69% -7.03% -11.09%
P/E -1,587x -181x -299x -157x 499x 64.1x 38x 26x
PBR 10.3x 9.49x 16x 46.7x 12.1x 7.63x 5.48x 3.97x
PEG - -0x -23.9x -1x -4x 0x 0.6x 0.6x
Capitalization / Revenue 5.55x 4.43x 7.23x 12.5x 4.26x 2.64x 2.39x 2.15x
EV / Revenue 5.38x 4.32x 7.17x 12.5x 4.29x 2.65x 2.23x 1.78x
EV / EBITDA 29.3x 27x 40.7x 55x 19.9x 10.5x 7.85x 5.79x
EV / EBIT 34.5x 32.1x 47.9x 63.7x 23.5x 12.2x 9.03x 6.74x
EV / FCF 48.8x 619x 673x 107x 67.4x 24.2x 13.1x 9.72x
FCF Yield 2.05% 0.16% 0.15% 0.93% 1.48% 4.13% 7.63% 10.3%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.01 -0.08 -0.09 -0.34 0.04 0.215 0.3625 0.53
Distribution rate - - - - - - - -
Net sales 1 425.5 491.6 572.4 666.8 748.4 827.1 914.1 1,017
EBITDA 1 77.98 78.67 100.8 151.9 161.5 208.3 259.7 313.1
EBIT 1 66.3 66.23 85.65 131 136.7 179.9 225.7 268.8
Net income 1 -1.479 -12.3 -13.09 -52.73 7.211 30.25 53.33 92.31
Net Debt 1 -72.98 -54.08 -31.16 30.01 23.47 5.39 -148.8 -374.8
Reference price 2 15.87 14.51 26.94 53.35 19.97 13.78 13.78 13.78
Nbr of stocks (in thousands) 148,790 150,040 153,577 155,960 159,528 162,218 - -
Announcement Date 3/9/22 3/8/23 2/29/24 2/27/25 2/11/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
62.7x2.65x10.52x-.--% 2.19B
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 110.49x 11.64x 30.45x 0.08% 452.94B
Weighted average by Cap. 43.58x 12.77x 22.25x 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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