Company Valuation: Safeguard Scientifics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 178 226.7 133.3 121.3 50.6 13
Change - 27.37% -41.2% -8.99% -58.29% -74.3%
Enterprise Value (EV) 1 202.5 204.4 120.1 94.08 32.13 4.755
Change - 0.96% -41.26% -21.65% -65.85% -85.2%
P/E -11.3x 4.16x -3.52x 5.4x -3.55x -1.29x
PBR 2.66x 2.23x 2.12x 2.4x 1.44x 0.65x
PEG - -0x 0x -0x 0x 0x
Capitalization / Revenue - - - - - -
EV / Revenue - - - - - -
EV / EBITDA -16.5x -22.3x -16.3x - - -
EV / EBIT -16.2x -20.5x -14.7x -14.6x -6.73x -0.84x
EV / FCF -19.8x -15.4x -64.7x -21.7x -21.1x -4.4x
FCF Yield -5.06% -6.48% -1.54% -4.61% -4.75% -22.7%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.7608 2.64 -1.813 1.36 -0.873 -0.61
Distribution rate - - - - - -
Net sales - - - - - -
EBITDA 1 -12.28 -9.174 -7.358 - - -
EBIT 1 -12.47 -9.982 -8.166 -6.453 -4.775 -5.683
Net income 1 -15.63 54.56 -37.62 27 -14.26 -9.828
Net Debt 1 24.52 -22.25 -13.22 -27.24 -18.47 -8.249
Reference price 2 8.6200 10.9800 6.3800 7.3500 3.1000 0.7845
Nbr of stocks (in thousands) 20,647 20,645 20,893 16,506 16,322 16,576
Announcement Date 01/03/19 28/02/20 05/03/21 11/03/22 10/03/23 26/03/24
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 7.53M
19.34x5.5x11.77x2.16% 164B
13.78x3.38x - 2.56% 147B
16.22x7.3x - 1.54% 101B
20.22x11.39x16.52x4.44% 72.35B
13.44x5.21x - 1.95% 49.43B
11.03x1.64x5.04x1.33% 44.41B
5.12x5.3x3.81x3.57% 35.27B
13.64x5.06x15.79x1.93% 31.83B
Average 14.10x 5.60x 10.59x 2.43% 71.79B
Weighted average by Cap. 15.60x 5.64x 11.46x 2.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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