Company Valuation: adesso SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,359 858.3 700.3 564.8 567.8 351.8 - -
Change - -36.85% -18.41% -19.35% 0.53% -38.05% - -
Enterprise Value (EV) 1 1,467 1,008 925.2 800.5 825.3 641.5 651 647.1
Change - -31.26% -8.25% -13.48% 3.1% -22.27% 1.49% -0.6%
P/E 27.3x 30.1x 219x 70.4x 31.3x 13.7x 9.8x 7.98x
PBR 7.1x 4.19x 3.45x 3.02x 2.99x 1.7x 1.49x 1.29x
PEG - -0.7x -2.5x 0x 0x 0.3x 0.2x 0.4x
Capitalization / Revenue 2x 0.95x 0.62x 0.44x 0.39x 0.21x 0.19x 0.18x
EV / Revenue 2.16x 1.12x 0.81x 0.62x 0.56x 0.39x 0.36x 0.33x
EV / EBITDA 14.3x 10.9x 11.6x 8.14x 6.68x 4.6x 4.11x 3.79x
EV / EBIT 22.1x 20.9x 41.5x 26x 16.3x 10.8x 9.09x 8.29x
EV / FCF 49.6x 83.2x 21.8x 9.83x 19.1x 21.6x 10.6x 8.78x
FCF Yield 2.01% 1.2% 4.6% 10.2% 5.23% 4.62% 9.43% 11.4%
Dividend per Share 2 0.6 0.65 0.7 0.75 0.78 0.83 0.886 0.946
Rate of return 0.29% 0.49% 0.65% 0.85% 0.88% 1.51% 1.61% 1.72%
EPS 2 7.65 4.38 0.49 1.25 2.83 4.022 5.602 6.878
Distribution rate 7.84% 14.8% 143% 60% 27.6% 20.6% 15.8% 13.8%
Net sales 1 678.3 900.3 1,136 1,297 1,466 1,654 1,829 1,989
EBITDA 1 102.4 92.91 80.03 98.35 123.6 139.5 158.5 170.6
EBIT 1 66.42 48.15 22.31 30.84 50.56 59.61 71.58 78.08
Net income 1 47.93 28.79 3.41 10.2 17.46 25.96 35.86 44.66
Net Debt 1 107.8 150.1 224.9 235.7 257.5 289.7 299.3 295.3
Reference price 2 209.00 131.80 107.40 88.00 88.70 54.90 54.90 54.90
Nbr of stocks (in thousands) 6,503 6,512 6,520 6,418 6,401 6,407 - -
Announcement Date 29/03/22 31/03/23 25/03/24 26/03/25 30/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.54x3.69x12.88x2.95% 216B
-130.35x18.18x100.79x-.--% 117B
13.46x1.48x7.8x3.56% 111B
13.63x2.48x9.35x6.03% 79.37B
19.51x5.17x12.71x2.91% 58.38B
13.79x1.99x8.45x5.65% 44.37B
22.36x1.83x11.42x1.31% 43.97B
21.06x1.6x10.17x0.89% 40.66B
17.22x2.17x10.3x5.08% 35.23B
Average 1.47x 4.29x 20.43x 3.15% 82.93B
Weighted average by Cap. -4.86x 5.23x 24.92x 2.95%

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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