Company Valuation: NETGEM

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 47.99 26.94 33.41 31.88 28.46 35.46 - -
Change - -43.86% 24.01% -4.58% -10.71% 24.59% - -
Enterprise Value (EV) 1 43.99 23.64 28.81 25.87 24.41 29.26 25.86 21.66
Change - -46.26% 21.88% -10.21% -5.63% 19.87% -11.62% -16.24%
P/E -33.3x - 50x 15.9x 17x 17.7x 13.3x 9.64x
PBR 2.13x 1.15x 1.34x 1.33x 1.15x 1.41x 1.36x 1.19x
PEG - - - 0x -1x 0.9x 0.4x 0.3x
Capitalization / Revenue 1.7x 0.74x 0.94x 0.94x 0.9x 1.05x 1.01x 0.97x
EV / Revenue 1.55x 0.65x 0.81x 0.77x 0.77x 0.87x 0.74x 0.6x
EV / EBITDA 10.2x 3.46x 3.69x 3.07x 4.14x 4.72x 3.86x 3.01x
EV / EBIT -10x -11.1x 72x 12.4x 12.8x 10.1x 7.18x 4.81x
EV / FCF -299x 30.2x 7.11x 7.99x 13.6x 14.6x 4.97x 3.61x
FCF Yield -0.33% 3.32% 14.1% 12.5% 7.36% 6.83% 20.1% 27.7%
Dividend per Share 2 0.03 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Rate of return 1.8% 5.42% 5% 5.25% 5.88% 4.72% 4.72% 4.72%
EPS 2 -0.05 - 0.02 0.06 0.05 0.06 0.08 0.11
Distribution rate -60% - 250% 83.3% 100% 83.3% 62.5% 45.5%
Net sales 1 28.3 36.3 35.6 33.77 31.7 33.7 35 36.4
EBITDA 1 4.3 6.825 7.8 8.424 5.9 6.2 6.7 7.2
EBIT 1 -4.4 -2.122 0.4 2.078 1.9 2.9 3.6 4.5
Net income 1 -1.3 0.108 0.5 1.953 1.534 2.2 2.8 3.5
Net Debt 1 -4 -3.303 -4.6 -6.01 -4.051 -6.2 -9.6 -13.8
Reference price 2 1.665 0.922 1.000 0.952 0.850 1.060 1.060 1.060
Nbr of stocks (in thousands) 28,821 29,221 33,412 33,488 33,488 33,457 - -
Announcement Date 31/3/22 28/4/23 28/3/24 30/4/25 26/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.67x0.87x4.72x4.72% 41.21M
24.99x9.22x15.06x0.79% 3,651B
111.07x48.29x78.37x-.--% 407B
59.22x12.51x26.39x-.--% 78.38B
399.34x17.09x67.55x-.--% 80.89B
99x8.45x21.41x-.--% 75.36B
36.67x1.8x14.38x-.--% 66.58B
179.63x5.71x22.07x-.--% 44.99B
114.6x4.53x22.14x-.--% 39.48B
26.44x5.45x26.14x-.--% 34.89B
Average 106.86x 11.39x 29.82x 0.55% 447.88B
Weighted average by Cap. 43.95x 12.74x 22.28x 0.65%

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

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