Company Valuation: Talkspace, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 300 97.13 424.4 522 601.3 870.6 - -
Change - -67.63% 336.97% 22.98% 15.2% 44.77% - -
Enterprise Value (EV) 101.8 -41.42 300.5 412.2 570.7 870.6 870.6 870.6
Change - -140.69% 825.6% 37.16% 38.44% 52.56% 0% 0%
P/E -2.74x -1.2x -21.2x 309x 90.8x 28.8x 28.4x 18.1x
PBR 1.58x 0.77x 3.53x 4.44x 5.39x - - -
PEG - 0x 0.3x -3x 0x 0x 17.23x 0.3x
Capitalization / Revenue 2.64x 0.81x 2.83x 2.78x 2.63x 3.2x 2.49x 2.11x
EV / Revenue 0x -0x 0x 0x 0x 3.2x 2.49x 2.11x
EV / EBITDA -0x 0x -0x 0x 0x 31.4x 16.4x 11.1x
EV / EBIT -0x 0x -0x -0x 0x 67.5x 22.3x 13.5x
EV / FCF -0x 0x -0x 0x -0x 39.1x 21.6x 13.7x
FCF Yield -22.1% -63.2% -3.9% 1.2% -0.35% 2.55% 4.63% 7.28%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.72 -0.51 -0.12 0.01 0.04 0.182 0.185 0.29
Distribution rate - - - - - - - -
Net sales 1 113.7 119.6 150 187.6 228.9 271.8 349.1 412.9
EBITDA 1 -60.87 -58.67 -13.53 6.962 15.77 27.7 52.95 78.71
EBIT 1 -93.92 -83.16 -23.21 -4.497 3.152 12.9 39.04 64.61
Net income 1 -62.74 -79.67 -19.18 1.148 7.793 21.86 34.66 55.11
Net Debt -198.3 -138.5 -123.9 -109.8 -30.68 - - -
Reference price 2 1.970 0.610 2.540 3.090 3.630 5.250 5.250 5.250
Nbr of stocks (in thousands) 152,307 159,150 167,095 168,923 165,656 165,824 - -
Announcement Date 22/02/22 21/02/23 22/02/24 20/02/25 19/02/26 - - -
1USD in Million2
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.85x - - - 871M
-75.9x2.46x26.63x-.--% 7.43B
197.58x3.54x46.03x - 1.45B
-7.38x0.53x4.62x-.--% 1.18B
-4.68x-0.03x0.82x - 201M
Average 27.69x 1.62x 19.52x 0% 2.23B
Weighted average by Cap. -23.53x 2.34x 26.34x 0%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Talkspace, Inc.