Company Valuation: adesso SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,359 858.3 700.3 564.8 567.8 346 - -
Change - -36.85% -18.41% -19.35% 0.53% -39.06% - -
Enterprise Value (EV) 1 1,467 1,008 925.2 800.5 825.3 635.7 645.3 641.3
Change - -31.26% -8.25% -13.48% 3.1% -22.97% 1.5% -0.61%
P/E 27.3x 30.1x 219x 70.4x 31.3x 13.4x 9.64x 7.85x
PBR 7.1x 4.19x 3.45x 3.02x 2.99x 1.68x 1.47x 1.27x
PEG - -0.7x -2.5x 0x 0x 0.3x 0.2x 0.3x
Capitalization / Revenue 2x 0.95x 0.62x 0.44x 0.39x 0.21x 0.19x 0.17x
EV / Revenue 2.16x 1.12x 0.81x 0.62x 0.56x 0.38x 0.35x 0.32x
EV / EBITDA 14.3x 10.9x 11.6x 8.14x 6.68x 4.56x 4.07x 3.76x
EV / EBIT 22.1x 20.9x 41.5x 26x 16.3x 10.7x 9.01x 8.21x
EV / FCF 49.6x 83.2x 21.8x 9.83x 19.1x 21.5x 10.5x 8.7x
FCF Yield 2.01% 1.2% 4.6% 10.2% 5.23% 4.66% 9.52% 11.5%
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% 1.54% 1.64% 1.75%
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 54.00 54.00 54.00
Nbr of stocks (in thousands) 6,503 6,512 6,520 6,418 6,401 6,407 - -
Announcement Date 29/03/22 31/03/23 25/03/24 26/03/25 30/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.58x0.39x4.58x1.52% 399M
22.86x3.73x13.03x2.91% 219B
-131.28x18.31x101.52x-.--% 118B
13.6x1.5x7.89x3.52% 112B
13.53x2.46x9.28x6.07% 78.93B
19.6x5.17x12.71x2.9% 57.91B
22.36x1.83x11.42x1.31% 43.59B
13.38x1.93x8.18x5.83% 43.14B
21.06x1.6x10.17x0.89% 40.31B
103.32x10.32x38.54x-.--% 35.9B
Average 11.20x 4.72x 21.73x 2.49% 74.98B
Weighted average by Cap. -0.84x 5.65x 26.46x 2.7%

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