Company Valuation: Bitcoin Group SE

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 125.2 358.5 203.5 88.6 170.2 251.5
Change - 186.23% -43.24% -56.46% 92.16% 47.72%
Enterprise Value (EV) 1 121.1 346.8 183.7 73.86 159.6 239.4
Change - 186.35% -47.02% -59.8% 116.02% 50.03%
P/E ratio 58.3x 37.7x 15.2x -36.8x 87.9x 140x
PBR 4.12x 4.47x 1.34x 1.21x 1.23x 0.9x
PEG - 0x 0.4x 0x -0x -18.94x
Capitalization / Revenue 19.9x 23.8x 8.01x 10.6x 22x 26.8x
EV / Revenue 19.2x 23.1x 7.24x 8.85x 20.6x 25.5x
EV / EBITDA 47.2x 33.2x 9.34x -19.8x 759x 143x
EV / EBIT 47.7x 33.4x 9.38x -19.6x 941x 151x
EV / FCF 49.4x 35.3x 12.7x -10.3x -94.3x 61.6x
FCF Yield 2.02% 2.83% 7.85% -9.69% -1.06% 1.62%
Dividend per Share 2 - - 0.1 0.1 0.1 0.1
Rate of return - - 0.25% 0.56% 0.29% 0.2%
EPS 2 0.43 1.9 2.67 -0.4818 0.3872 0.3586
Distribution rate - - 3.75% -20.8% 25.8% 27.9%
Net sales 1 6.298 15.03 25.39 8.344 7.751 9.372
EBITDA 1 2.565 10.44 19.66 -3.727 0.2101 1.679
EBIT 1 2.539 10.39 19.6 -3.77 0.1695 1.59
Net income 1 2.153 9.52 13.37 -2.409 1.936 1.793
Net Debt 1 -4.151 -11.73 -19.78 -14.74 -10.69 -12.1
Reference price 2 25.05 71.70 40.70 17.72 34.05 50.30
Nbr of stocks (in thousands) 5,000 5,000 5,000 5,000 5,000 5,000
Announcement Date 30/06/20 15/06/21 18/05/22 26/06/23 11/07/24 25/06/25
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 178M
7.7x - - 10.77% 2.7B
177.87x40.96x140.96x3.52% 1.85B
9.54x7.99x11.24x-.--% 1.08B
10.84x - - 18.11% 411M
Average 51.49x 24.47x 76.10x 8.1% 1.24B
Weighted average by Cap. 60.40x 28.83x 93.21x 7.12%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Bitcoin Group SE