Company Valuation: Aware, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 75.07 67.91 37.03 34.84 41.35 39.54
Change - -9.53% -45.47% -5.91% 18.66% -4.37%
Enterprise Value (EV) 1 36.5 37.95 12.57 8.405 17.78 21.21
Change - 3.97% -66.88% -33.14% 111.52% 19.33%
P/E -9.87x -11.6x -21.4x -4.74x -9.29x -6.61x
PBR 1.64x 1.64x 0.9x 1.02x 1.33x 1.52x
PEG - 0.5x 0.3x -0x 0.2x -0.2x
Capitalization / Revenue 6.64x 4.03x 2.31x 1.91x 2.38x 2.29x
EV / Revenue 3.23x 2.25x 0.79x 0.46x 1.02x 1.23x
EV / EBITDA -4.47x -7.01x -1.76x -1.38x -3.57x -3.54x
EV / EBIT -4.18x -6.22x -1.59x -1.26x -3.21x -3.24x
EV / FCF -20.7x -6.94x -4.12x 2.9x -9.97x -5.73x
FCF Yield -4.84% -14.4% -24.3% 34.5% -10% -17.4%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.3546 -0.2706 -0.08 -0.35 -0.21 -0.28
Distribution rate - - - - - -
Net sales 1 11.31 16.85 16.01 18.24 17.39 17.29
EBITDA 1 -8.163 -5.41 -7.129 -6.079 -4.983 -5.985
EBIT 1 -8.724 -6.097 -7.889 -6.657 -5.545 -6.557
Net income 1 -7.614 -5.824 -1.726 -7.314 -4.431 -5.873
Net Debt 1 -38.56 -29.96 -24.46 -26.44 -23.57 -18.33
Reference price 2 3.500 3.150 1.710 1.660 1.950 1.850
Nbr of stocks (in thousands) 21,447 21,559 21,656 20,991 21,204 21,374
Announcement Date 17/02/21 15/03/22 15/03/23 15/03/24 13/03/25 06/03/26
1USD in Million2USD
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 26.18M
24.89x9.19x15.04x0.81% 3,641B
114.24x49.7x80.67x-.--% 419B
412.31x17.53x69.3x-.--% 82.87B
58.24x12.31x25.95x-.--% 77.08B
95.28x8.16x20.67x-.--% 72.53B
34.91x1.69x13.56x-.--% 63.39B
192.31x6.14x23.7x-.--% 48.17B
114.96x4.54x22.07x-.--% 39.6B
27.8x5.74x27.57x-.--% 36.69B
Average 119.44x 12.78x 33.17x 0.09% 448.01B
Weighted average by Cap. 44.89x 12.96x 22.70x 0.66%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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