Company Valuation: BILL Holdings, Inc.

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 11,463 12,418 5,585 4,766 3,601 4,192 - -
Change - 8.33% -55.02% -14.66% -24.44% 16.4% - -
Enterprise Value (EV) 1 10,614 11,597 4,731 5,501 4,455 4,666 4,249 3,768
Change - 9.26% -59.2% 16.25% -19.01% 4.73% -8.93% -11.32%
P/E -34.2x -55.4x -195x 201x -329x 25x 19.9x 12.5x
PBR 2.85x 3.05x 1.35x 1.22x 0.94x 1.22x 1.04x 0.9x
PEG - 1.6x 2.2x -1x 2x -0x 0.8x 0.2x
Capitalization / Revenue 17.9x 11.7x 4.33x 3.26x 2.18x 2.29x 2.12x 1.91x
EV / Revenue 16.5x 11x 3.67x 3.76x 2.69x 2.55x 2.14x 1.72x
EV / EBITDA -1,929x 87.5x 21.6x 20.6x 11.7x 9.87x 7.59x 5.73x
EV / EBIT -724x 99x 24.1x 23x 13.8x 10.6x 8.32x 6.28x
EV / FCF -315x 64.4x 18.3x 17.6x 12.6x 10.4x 8.07x 5.74x
FCF Yield -0.32% 1.55% 5.45% 5.68% 7.96% 9.57% 12.4% 17.4%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -3.21 -2.11 -0.27 0.23 -0.11 1.968 2.475 3.918
Distribution rate - - - - - - - -
Net sales 1 642 1,058 1,290 1,463 1,653 1,831 1,981 2,191
EBITDA 1 -5.502 132.6 219.4 267.1 379.6 472.8 559.8 657.4
EBIT 1 -14.66 117.1 196.2 239.5 323.7 440.5 511 599.7
Net income 1 -326.4 -223.7 -28.88 23.8 -11.24 193.6 252.6 402.2
Net Debt 1 -849.2 -820.4 -853.5 734.5 853.5 473.6 57.11 -423.7
Reference price 2 109.94 116.85 52.62 46.26 36.16 49.16 49.16 49.16
Nbr of stocks (in thousands) 104,268 106,270 106,137 103,027 99,597 85,277 - -
Announcement Date 18/08/22 17/08/23 22/08/24 27/08/25 19/08/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.97x2.55x9.87x-.--% 4.19B
25.38x9.37x15.27x0.78% 3,711B
114.21x49.7x80.66x-.--% 419B
60.91x12.87x27.14x-.--% 80.61B
377.46x16.1x63.63x-.--% 76.46B
99.15x8.46x21.44x-.--% 75.47B
37.81x1.89x15.11x-.--% 68.65B
191.6x6.11x23.61x-.--% 47.99B
112.02x4.6x22.35x-.--% 40.14B
27.12x5.59x26.85x-.--% 35.78B
Average 107.06x 11.72x 30.59x 0.08% 455.88B
Weighted average by Cap. 44.01x 13.01x 22.64x 0.63%

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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