Company Valuation: NETGEM

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 47.99 26.94 33.41 31.88 28.46 28.91 - -
Change - -43.86% 24.01% -4.58% -10.71% 1.55% - -
Enterprise Value (EV) 1 43.99 23.64 28.81 25.87 24.41 22.71 19.31 15.11
Change - -46.26% 21.88% -10.21% -5.63% -6.99% -14.97% -21.75%
P/E -33.3x - 50x 15.9x 17x 14.4x 10.8x 7.85x
PBR 2.13x 1.15x 1.34x 1.33x 1.15x 1.15x 1.11x 0.97x
PEG - - - 0x -1x 0.7x 0.3x 0.2x
Capitalization / Revenue 1.7x 0.74x 0.94x 0.94x 0.9x 0.86x 0.83x 0.79x
EV / Revenue 1.55x 0.65x 0.81x 0.77x 0.77x 0.67x 0.55x 0.42x
EV / EBITDA 10.2x 3.46x 3.69x 3.07x 4.14x 3.66x 2.88x 2.1x
EV / EBIT -10x -11.1x 72x 12.4x 12.8x 7.83x 5.36x 3.36x
EV / FCF -299x 30.2x 7.11x 7.99x 13.6x 11.4x 3.71x 2.52x
FCF Yield -0.33% 3.32% 14.1% 12.5% 7.36% 8.81% 26.9% 39.7%
Dividend per Share 2 0.03 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Rate of return 1.8% 5.42% 5% 5.25% 5.88% 5.79% 5.79% 5.79%
EPS 2 -0.05 - 0.02 0.06 0.05 0.06 0.08 0.11
Distribution rate -60% - 250% 83.3% 100% 83.3% 62.5% 45.5%
Net sales 1 28.3 36.3 35.6 33.77 31.7 33.7 35 36.4
EBITDA 1 4.3 6.825 7.8 8.424 5.9 6.2 6.7 7.2
EBIT 1 -4.4 -2.122 0.4 2.078 1.9 2.9 3.6 4.5
Net income 1 -1.3 0.108 0.5 1.953 1.534 2.2 2.8 3.5
Net Debt 1 -4 -3.303 -4.6 -6.01 -4.051 -6.2 -9.6 -13.8
Reference price 2 1.6650 0.9220 1.0000 0.9520 0.8500 0.8640 0.8640 0.8640
Nbr of stocks (in thousands) 28,821 29,221 33,412 33,488 33,488 33,457 - -
Announcement Date 31/03/22 28/04/23 28/03/24 30/04/25 26/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.38x9.37x15.27x0.78% 3,711B
115.09x49.69x80.66x-.--% 419B
60.91x12.87x27.14x-.--% 80.61B
377.46x16.1x63.63x-.--% 76.46B
99.15x8.46x21.44x-.--% 75.47B
37.81x1.89x15.09x-.--% 68.65B
191.6x6.11x23.61x-.--% 47.99B
112.02x4.6x22.35x-.--% 40.14B
27.12x5.59x26.85x-.--% 35.78B
Average 116.28x 12.74x 32.89x 0.09% 506.06B
Weighted average by Cap. 44.11x 13.02x 22.65x 0.64%

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