Company Valuation: Multiply Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 20,608 51,968 35,616 23,184 29,232
Change - 152.17% -31.47% -34.91% 26.09%
Enterprise Value (EV) 1 12,161 48,138 28,058 11,125 -6,459
Change - 295.84% -41.71% -60.35% -158.05%
P/E ratio 111x 2.82x 108x -4,140x 10.6x
PBR 2.03x 1.82x 1.23x 0.8x 0.7x
PEG -1.1x 0x -1.1x 41x -0x
Capitalization / Revenue 55.4x 46.2x 27.5x 11.5x 4.17x
EV / Revenue 32.7x 42.8x 21.7x 5.5x -0.92x
EV / EBITDA 74.5x 113x 59.2x 15.7x -4.15x
EV / EBIT 94.6x 145x 77.4x 21.1x -5.38x
EV / FCF -36.9x 34.6x -36.3x 285x 3.65x
FCF Yield -2.71% 2.89% -2.76% 0.35% 27.4%
Dividend per Share 2 - - - - -
Rate of return - - - - -
EPS 2 0.0165 1.645 0.0295 -0.0005 0.2455
Distribution rate - - - - -
Net sales 1 371.9 1,126 1,294 2,022 7,004
EBITDA 1 163.2 425.6 474.2 710.8 1,557
EBIT 1 128.5 331.6 362.6 527.1 1,200
Net income 1 184.9 18,425 337.8 -5.6 3,440
Net Debt 1 -8,447 -3,830 -7,558 -12,059 -35,691
Reference price 2 1.840 4.640 3.180 2.070 2.610
Nbr of stocks (in thousands) 11,200,000 11,200,000 11,200,000 11,200,000 11,200,000
Announcement Date 10/02/22 10/02/23 07/02/24 04/02/25 06/02/26
1AED in Million2AED
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 6.89B
10.88x0.88x3.45x1.92% 17.22B
9.31x15.09x - 1.14% 16.11B
21.35x0.51x8.48x3.32% 12.84B
24.19x1.69x9.54x6.14% 11.92B
Average 16.43x 4.55x 7.15x 3.13% 13B
Weighted average by Cap. 15.49x 4.91x 6.71x 2.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA