Company Valuation: adesso SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,359 858.3 700.3 564.8 567.8 373.5 - -
Change - -36.85% -18.41% -19.35% 0.53% -34.21% - -
Enterprise Value (EV) 1 1,467 1,008 925.2 800.5 825.3 660.6 670.1 663.9
Change - -31.26% -8.25% -13.48% 3.1% -19.96% 1.44% -0.94%
P/E 27.3x 30.1x 219x 70.4x 31.3x 14.4x 10.4x 8.31x
PBR 7.1x 4.19x 3.45x 3.02x 2.99x 1.81x 1.57x 1.36x
PEG - -0.7x -2.5x 0x 0x 0.3x 0.3x 0.3x
Capitalization / Revenue 2x 0.95x 0.62x 0.44x 0.39x 0.23x 0.2x 0.19x
EV / Revenue 2.16x 1.12x 0.81x 0.62x 0.56x 0.4x 0.37x 0.34x
EV / EBITDA 14.3x 10.9x 11.6x 8.14x 6.68x 4.73x 4.24x 3.88x
EV / EBIT 22.1x 20.9x 41.5x 26x 16.3x 11x 9.34x 8.38x
EV / FCF 49.6x 83.2x 21.8x 9.83x 19.1x 20.9x 11x 8.77x
FCF Yield 2.01% 1.2% 4.6% 10.2% 5.23% 4.79% 9.09% 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% 1.42% 1.52% 1.62%
EPS 2 7.65 4.38 0.49 1.25 2.83 4.055 5.602 7.018
Distribution rate 7.84% 14.8% 143% 60% 27.6% 20.5% 15.8% 13.5%
Net sales 1 678.3 900.3 1,136 1,297 1,466 1,650 1,824 1,978
EBITDA 1 102.4 92.91 80.03 98.35 123.6 139.6 158.1 170.9
EBIT 1 66.42 48.15 22.31 30.84 50.56 60.11 71.75 79.24
Net income 1 47.93 28.79 3.41 10.2 17.46 26.34 36 45.54
Net Debt 1 107.8 150.1 224.9 235.7 257.5 287.1 296.6 290.3
Reference price 2 209.00 131.80 107.40 88.00 88.70 58.30 58.30 58.30
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.79x3.72x13x2.92% 219B
-131.12x18.33x99.77x-.--% 118B
13.3x1.47x7.7x3.61% 110B
14.6x2.67x10.06x5.63% 86.08B
19.97x5.26x12.91x2.85% 60.36B
14.18x2.06x8.72x5.49% 46.22B
21.25x1.73x10.8x1.38% 42.47B
20.15x1.52x9.76x0.94% 39.39B
17.63x2.22x10.55x4.96% 36.45B
Average 1.42x 4.33x 20.36x 3.09% 84.16B
Weighted average by Cap. -4.76x 5.28x 24.77x 2.93%

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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