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 9,488 - -
Change - -80.93% 93.07% -35.19% -23.19% -31.62% - -
Enterprise Value (EV) 1 74,269 14,241 28,079 18,331 14,471 10,031 8,856 7,828
Change - -80.83% 97.17% -34.72% -21.06% -30.68% -11.72% -11.6%
P/E -152x -10.1x -20.6x -25.6x -29.9x -86x 44x 22.1x
PBR 19.3x 5.46x 11.5x 7.43x 6.05x 4.29x 3.13x 2.33x
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 1.39x 1.26x 1.16x
EV / Revenue 18x 3.09x 6.1x 3.42x 2.44x 1.47x 1.18x 0.96x
EV / EBITDA 120x 37.7x 174x 36x 21x 7.64x 5.53x 4.14x
EV / EBIT -106x -10.2x -20.1x -23.3x -27.2x -113x 32x 15.6x
EV / FCF 333x 257x 807x 83.8x 33.1x 10.9x 7.5x 5.59x
FCF Yield 0.3% 0.39% 0.12% 1.19% 3.02% 9.19% 13.3% 17.9%
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 1,603 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 5.610 5.610 5.610
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 3/2/22 31/1/23 6/2/24 4/2/25 4/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.67x9.84x16.09x0.74% 3,900B
122.01x53.97x87.88x-.--% 455B
21.42x6.06x10.62x1.4% 432B
258.08x23.04x67.46x-.--% 333B
2726.7x45.73x149.55x-.--% 280B
26.03x5.22x16.46x1.46% 239B
88.09x8.56x22.9x-.--% 141B
59.54x16.06x42.29x-.--% 135B
493.82x21.18x83.72x-.--% 99.25B
Average 424.71x 21.07x 55.22x 0.4% 668.2B
Weighted average by Cap. 181.79x 15.42x 32.06x 0.64%

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