Company Valuation: Snap Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 75,709 14,437 27,873 18,064 13,875 9,505 - -
Change - -80.93% 93.07% -35.19% -23.19% -31.5% - -
Enterprise Value (EV) 1 74,269 14,241 28,079 18,331 14,471 10,048 8,873 7,845
Change - -80.83% 97.17% -34.72% -21.06% -30.57% -11.7% -11.58%
P/E -152x -10.1x -20.6x -25.6x -29.9x -86.1x 44.1x 22.2x
PBR 19.3x 5.46x 11.5x 7.43x 6.05x 4.3x 3.14x 2.34x
PEG - -0x 2.62x 0.5x 0.8x 1.1x -0x 0.2x
Capitalization / Revenue 18.4x 3.14x 6.05x 3.37x 2.34x 1.4x 1.26x 1.16x
EV / Revenue 18x 3.09x 6.1x 3.42x 2.44x 1.48x 1.18x 0.96x
EV / EBITDA 120x 37.7x 174x 36x 21x 7.66x 5.54x 4.15x
EV / EBIT -106x -10.2x -20.1x -23.3x -27.2x -113x 32.1x 15.6x
EV / FCF 333x 257x 807x 83.8x 33.1x 10.9x 7.51x 5.61x
FCF Yield 0.3% 0.39% 0.12% 1.19% 3.02% 9.17% 13.3% 17.8%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.31 -0.89 -0.82 -0.42 -0.27 -0.0652 0.1276 0.2534
Distribution rate - - - - - - - -
Net sales 1 4,117 4,602 4,606 5,361 5,931 6,808 7,522 8,159
EBITDA 1 616.7 377.6 161.6 508.6 689.5 1,312 1,601 1,892
EBIT 1 -702.1 -1,395 -1,398 -787.3 -532.2 -89.11 276.4 502.3
Net income 1 -488 -1,430 -1,322 -697.9 -460.5 -101.2 229.9 438
Net Debt 1 -1,440 -196.6 205.3 267.6 596.3 543.7 -631.9 -1,659
Reference price 2 47.030 8.950 16.930 10.770 8.070 5.620 5.620 5.620
Nbr of stocks (in thousands) 1,609,798 1,613,101 1,646,395 1,677,206 1,719,359 1,691,198 - -
Announcement Date 03/02/22 31/01/23 06/02/24 04/02/25 04/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-86.14x1.48x7.66x-.--% 9.5B
53.3x5.39x9.63x - 11.75B
10.93x4.24x8.03x6.36% 6.88B
27.66x4.55x22.85x-.--% 3.34B
13.03x1.58x7.81x1.25% 2.43B
25.08x1.45x6.02x - 1.57B
6.25x1.05x6.43x2.81% 1.5B
84.67x - - - 1.44B
13.84x - - - 1.05B
Average 16.51x 2.82x 9.77x 2.08% 4.38B
Weighted average by Cap. 4.86x 3.50x 9.62x 2.16%

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

-40%: Exceptional extension
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