Company Valuation: Esoft Systems

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 70.13 79.95 82.54 82.54 82.54 82.54
Change - 14% 3.24% 0% 0% 0%
Enterprise Value (EV) 1 48.94 81.41 73.17 82.52 76.18 109.8
Change - 66.36% -10.12% 12.77% -7.69% 44.17%
P/E 56.2x 16.5x 70.1x 6.68x -20.8x -17.6x
PBR 2.13x 4.79x 8.49x 3.57x 0.99x 1.39x
PEG - 0x -0.9x 0x 0x -1x
Capitalization / Revenue 0.47x 0.49x 0.51x 0.44x 0.36x 0.27x
EV / Revenue 0.33x 0.5x 0.45x 0.44x 0.34x 0.36x
EV / EBITDA 44.4x 15.5x 12.8x 6.09x 7.7x 7.89x
EV / EBIT 331x 19.8x 17.2x 7.1x 13.7x 43.3x
EV / FCF -6.72x -21.9x 6.44x -6.68x 1.72x -5.18x
FCF Yield -14.9% -4.56% 15.5% -15% 58% -19.3%
Dividend per Share 2 5.13 - - - - -
Rate of return 25.7% - - - - -
EPS 2 0.3562 1.38 0.3567 3.743 -1.199 -1.419
Distribution rate 1,440% - - - - -
Net sales 1 148.8 162.6 162.4 187.1 226.8 303.2
EBITDA 1 1.102 5.254 5.709 13.56 9.887 13.92
EBIT 1 0.148 4.111 4.266 11.63 5.574 2.537
Net income 1 1.249 4.557 1.175 12.33 -3.95 -4.976
Net Debt 1 -21.2 1.46 -9.366 -0.018 -6.362 27.28
Reference price 2 20.00 22.80 25.00 25.00 25.00 25.00
Nbr of stocks (in thousands) 3,507 3,507 3,302 3,302 3,302 3,302
Announcement Date 25/02/19 25/02/20 31/05/21 19/04/22 25/04/23 08/05/24
1DKK in Million2DKK
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 13.93M
13.67x1.48x6.76x4.15% 26.8B
8.89x0.98x5.55x4.5% 20.2B
11.98x5.2x9.02x7.18% 10.18B
131.89x0.54x89.06x - 6.62B
16.37x1.34x4.66x2.83% 5.95B
11.09x0.77x4.86x-.--% 5.89B
16.65x0.72x4.35x4% 5.39B
-52.88x1.76x7.39x0% 5.02B
Average 19.71x 1.60x 16.45x 3.24% 9.56B
Weighted average by Cap. 17.76x 1.64x 12.68x 3.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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