Company Valuation: adesso SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,359 858.3 700.3 564.8 567.8 368.4 - -
Change - -36.85% -18.41% -19.35% 0.53% -35.11% - -
Enterprise Value (EV) 1 1,467 1,008 925.2 800.5 825.3 658.1 667.7 663.7
Change - -31.26% -8.25% -13.48% 3.1% -20.25% 1.45% -0.59%
P/E 27.3x 30.1x 219x 70.4x 31.3x 14.3x 10.3x 8.36x
PBR 7.1x 4.19x 3.45x 3.02x 2.99x 1.79x 1.56x 1.35x
PEG - -0.7x -2.5x 0x 0x 0.3x 0.3x 0.4x
Capitalization / Revenue 2x 0.95x 0.62x 0.44x 0.39x 0.22x 0.2x 0.19x
EV / Revenue 2.16x 1.12x 0.81x 0.62x 0.56x 0.4x 0.36x 0.33x
EV / EBITDA 14.3x 10.9x 11.6x 8.14x 6.68x 4.72x 4.21x 3.89x
EV / EBIT 22.1x 20.9x 41.5x 26x 16.3x 11x 9.33x 8.5x
EV / FCF 49.6x 83.2x 21.8x 9.83x 19.1x 22.2x 10.9x 9.01x
FCF Yield 2.01% 1.2% 4.6% 10.2% 5.23% 4.5% 9.2% 11.1%
Dividend per Share 2 0.6 0.65 0.7 0.75 0.78 0.83 0.886 0.946
Rate of return 0.29% 0.49% 0.65% 0.85% 0.88% 1.44% 1.54% 1.65%
EPS 2 7.65 4.38 0.49 1.25 2.83 4.022 5.602 6.878
Distribution rate 7.84% 14.8% 143% 60% 27.6% 20.6% 15.8% 13.8%
Net sales 1 678.3 900.3 1,136 1,297 1,466 1,654 1,829 1,989
EBITDA 1 102.4 92.91 80.03 98.35 123.6 139.5 158.5 170.6
EBIT 1 66.42 48.15 22.31 30.84 50.56 59.61 71.58 78.08
Net income 1 47.93 28.79 3.41 10.2 17.46 25.96 35.86 44.66
Net Debt 1 107.8 150.1 224.9 235.7 257.5 289.7 299.3 295.3
Reference price 2 209.00 131.80 107.40 88.00 88.70 57.50 57.50 57.50
Nbr of stocks (in thousands) 6,503 6,512 6,520 6,418 6,401 6,407 - -
Announcement Date 29/3/22 31/3/23 25/3/24 26/3/25 30/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.05x0.39x4.67x1.47% 415M
21.6x3.56x12.43x3.08% 213B
21.99x4.64x11.38x0.76% 195B
-599.1x42.61x175.06x-.--% 125B
-133.59x18.57x102.82x-.--% 121B
13.62x1.52x7.99x3.52% 127B
13.27x2.4x9.06x6.19% 77.98B
19.25x5.15x12.66x2.92% 57.69B
-17.04x7.34x12.48x-.--% 48.85B
22.15x1.83x11.6x1.4% 44.08B
Average -62.38x 8.80x 36.01x 1.93% 100.84B
Weighted average by Cap. -77.44x 10.25x 42.34x 1.94%

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