Company Valuation: Less S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 11.98 30.94 64.79 24.92 25.85 34.28
Change - 158.21% 109.38% -61.54% 3.75% 32.62%
Enterprise Value (EV) 1 11.74 24.41 66.88 26.24 28.96 33.77
Change - 107.97% 174.05% -60.77% 10.38% 16.6%
P/E -2.13x -34.1x -3.63x -3.17x -16.3x -21.4x
PBR 2.15x 30.8x 39.6x -15.3x -7.9x 18.5x
PEG - 0.4x -0x 0.1x 0.2x 1.2x
Capitalization / Revenue - 300,403,563x 227,317,158x - - -
EV / Revenue - - - - - -
EV / EBITDA -3.52x -5.06x -6.99x -22.1x -27.3x -30.2x
EV / EBIT -3.37x -5.04x -6.94x -18.6x -27.3x -30.2x
EV / FCF -5.97x -36.2x -7.58x -78x -32.2x -13.9x
FCF Yield -16.8% -2.76% -13.2% -1.28% -3.11% -7.18%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.4866 -0.0722 -0.1433 -0.063 -0.0123 -0.009999
Distribution rate - - - - - -
Net sales - 0.103 0.285 - - -
EBITDA 1 -3.336 -4.825 -9.575 -1.189 -1.061 -1.119
EBIT 1 -3.482 -4.838 -9.643 -1.407 -1.062 -1.12
Net income 1 -5.601 -7.41 -17.6 -7.989 -1.585 -0.996
Net Debt 1 -0.248 -6.536 2.099 1.322 3.113 -0.51
Reference price 2 1.0350 2.4600 0.5200 0.2000 0.2000 0.2140
Nbr of stocks (in thousands) 11,578 12,578 124,587 124,587 129,254 160,199
Announcement Date 30/4/21 29/4/22 28/4/23 30/4/24 1/5/25 30/4/26
1PLN in Million2PLN
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 18.89M
10.87x1.7x7.19x2.13% 4.76B
21.12x - - 4.09% 3.21B
13.15x1.05x7.64x2.53% 2.98B
21.39x - - 1.13% 2.67B
12.42x0.81x5.82x1.9% 2.27B
11.03x0.48x4.29x4.06% 2.2B
17.31x2.39x11.7x4.56% 2.15B
Average 15.33x 1.28x 7.33x 2.91% 2.53B
Weighted average by Cap. 15.09x 1.34x 7.30x 2.81%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA