Company Valuation: AppLovin Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,274 3,914 13,382 108,675 227,721 102,289 - -
Change - -88.9% 241.9% 712.11% 109.54% -55.08% - -
Enterprise Value (EV) 1 36,981 6,045 16,000 111,442 228,747 100,939 96,642 90,894
Change - -83.65% 164.68% 596.49% 105.26% -55.87% -4.26% -5.95%
P/E 1,047x -20.3x 40.7x 71.5x 69.1x 19.5x 15.3x 12.2x
PBR 16.5x 2.07x 10.8x 101x 107x 21.4x 11.8x 7.31x
PEG - 0x -0x 0x 1x 0.3x 0.6x 0.5x
Capitalization / Revenue 12.6x 1.39x 4.08x 23.1x 41.5x 12.6x 9.98x 8.11x
EV / Revenue 13.2x 2.15x 4.87x 23.7x 41.7x 12.5x 9.43x 7.2x
EV / EBITDA 50.9x 5.69x 10.6x 41x 50.7x 14.8x 11.3x 8.56x
EV / EBIT 247x -126x 24.7x 59.5x 55.1x 15.9x 12x 9.19x
EV / FCF 103x 15.6x 15.1x 53.7x 57.9x 19.4x 14.1x 10.6x
FCF Yield 0.97% 6.4% 6.61% 1.86% 1.73% 5.14% 7.11% 9.46%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.09 -0.52 0.98 4.53 9.75 15.66 20 25.09
Distribution rate - - - - - - - -
Net sales 1 2,793 2,817 3,283 4,709 5,481 8,099 10,250 12,619
EBITDA 1 726.8 1,063 1,503 2,720 4,512 6,800 8,582 10,618
EBIT 1 150 -47.79 648.2 1,873 4,152 6,344 8,040 9,887
Net income 1 31.7 -192.7 354.9 1,577 3,334 5,259 6,694 8,406
Net Debt 1 1,707 2,131 2,619 2,768 1,026 -1,351 -5,647 -11,395
Reference price 2 94.26 10.53 39.85 323.83 673.82 305.66 305.66 305.66
Nbr of stocks (in thousands) 374,221 371,690 335,802 335,592 337,955 334,651 - -
Announcement Date 16/02/22 08/02/23 14/02/24 12/02/25 11/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.84x9.55x15.6x0.78% 3,779B
122.39x53.41x86.68x-.--% 449B
20.74x5.91x10.35x1.45% 418B
246.44x21.98x64.36x-.--% 318B
2627.4x44.03x141.84x-.--% 270B
26.23x5.26x16.59x1.45% 242B
84.11x8.16x21.85x-.--% 134B
56.9x15.32x40.35x-.--% 129B
19.51x12.46x14.84x-.--% 102B
Average 358.84x 19.57x 45.83x 0.41% 649.08B
Weighted average by Cap. 166.90x 14.90x 29.89x 0.67%

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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  3. APP Stock
  4. APPS Stock
  5. Valuation AppLovin Corporation