Company Valuation: flatexDEGIRO SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,222 695.2 1,227 1,595 3,931 4,085 - -
Change - -68.72% 76.57% 29.91% 146.51% 3.92% - -
Enterprise Value (EV) 1 785 -1,406 -1,438 -1,558 -442.1 -458.3 -858.9 -1,303
Change - -279.18% -2.22% -8.39% 71.63% -3.67% -87.42% -51.72%
P/E 43.1x 6.52x 17.2x 14.5x 24.5x 19.3x 17.2x 14.4x
PBR 4.45x 1.14x 1.83x 2.12x 4.41x 3.79x 3.2x 2.69x
PEG - 0x -0.5x 0.3x 0.5x 0.6x 1.4x 0.7x
Capitalization / Revenue 5.32x 1.71x 3.14x 3.32x 7.02x 6.2x 5.76x 5.15x
EV / Revenue 1.88x -3.46x -3.68x -3.25x -0.79x -0.7x -1.21x -1.64x
EV / EBITDA 7x -9.7x -9.31x -7.7x -1.65x -1.34x -2.17x -2.87x
EV / EBIT 9.78x -9.3x -13.8x -9.94x -1.99x -1.62x -2.55x -3.27x
EV / FCF 7.94x -22x -84.8x -2.46x -2.79x -2.4x -4.01x -5.59x
FCF Yield 12.6% -4.54% -1.18% -40.7% -35.9% -41.6% -24.9% -17.9%
Dividend per Share 2 - - 0.04 0.04 0.3 0.3848 0.4211 0.5564
Rate of return - - 0.36% 0.27% 0.82% 1.01% 1.1% 1.46%
EPS 2 0.47 0.97 0.65 1.02 1.5 1.976 2.221 2.658
Distribution rate - - 6.15% 3.92% 20% 19.5% 19% 20.9%
Net sales 1 418 407 390.7 480 559.8 658.4 709.3 793.8
EBITDA 1 112.1 145 154.4 202.5 267.7 343 395.7 454
EBIT 1 80.26 151.3 104.3 156.7 221.6 283.4 337.4 398.9
Net income 1 51.54 106.1 71.9 111.5 160.4 211.2 239.8 284.3
Net Debt 1 -1,437 -2,102 -2,665 -3,153 -4,373 -4,543 -4,944 -5,388
Reference price 2 20.24 6.33 11.17 14.78 36.74 38.18 38.18 38.18
Nbr of stocks (in thousands) 109,793 109,893 109,893 107,932 106,998 106,998 - -
Announcement Date 29/03/22 29/03/23 27/02/24 25/02/25 26/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.32x-0.7x-1.34x1.01% 4.67B
18.32x7.58x - 1.91% 351B
17.42x11.41x - 1.77% 324B
12.76x - - 1.8% 240B
17.09x - - 1.26% 179B
11.5x1.18x - 3.02% 60.23B
7.69x - - 3.78% 28.01B
16.03x5.09x - 3.44% 28.37B
11.42x8.45x - 3.64% 27.92B
13.41x12.14x - 2.77% 25.19B
Average 14.50x 6.45x -1.34x 2.44% 126.8B
Weighted average by Cap. 16.01x 8.66x -1.34x 1.94%

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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