Company Valuation: Funko, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 750.7 514.8 389.6 706 186.1 318.6 - -
Change - -31.43% -24.31% 81.19% -73.63% 71.18% - -
Enterprise Value (EV) 1 840.3 741.4 626.7 854.1 369.3 498.9 475.5 446.7
Change - -11.77% -15.46% 36.28% -56.76% 35.09% -4.69% -6.04%
P/E 17.4x -60.6x -2.42x -47.8x -2.74x 45.5x 29.2x 19.3x
PBR 2.97x - - - - - - -
PEG - 1x -0x 0.5x -0x -0x 0.5x 0.4x
Capitalization / Revenue 0.73x 0.39x 0.36x 0.67x 0.2x 0.34x 0.32x 0.3x
EV / Revenue 0.82x 0.56x 0.57x 0.81x 0.41x 0.53x 0.48x 0.43x
EV / EBITDA 5.6x 7.61x 23x 9.02x 13.9x 4.49x 4.49x 3.73x
EV / EBIT 8.8x 36x -6.04x 65.7x -8.11x 13.7x 15.5x 10.5x
EV / FCF 14.1x -7.47x -149x 9.41x -9.7x 43.8x 13.1x 8.66x
FCF Yield 7.09% -13.4% -0.67% 10.6% -10.3% 2.29% 7.66% 11.6%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.08 -0.18 -3.19 -0.28 -1.24 0.125 0.195 0.295
Distribution rate - - - - - - - -
Net sales 1 1,029 1,323 1,096 1,050 908.2 932.9 993.8 1,050
EBITDA 1 149.9 97.42 27.2 94.74 26.58 111.2 105.9 119.7
EBIT 1 95.46 20.57 -103.8 12.99 -45.54 36.4 30.61 42.65
Net income 1 43.9 -8.035 -154.1 -14.72 -67.36 5.15 11.1 17.55
Net Debt 1 89.66 226.6 237.1 148.2 183.2 180.2 156.8 128.1
Reference price 2 18.800 10.910 7.730 13.390 3.400 5.690 5.690 5.690
Nbr of stocks (in thousands) 39,930 47,184 50,405 52,723 54,743 55,996 - -
Announcement Date 03/03/22 01/03/23 07/03/24 06/03/25 12/03/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.14x2.22x12.39x1.79% 22.8B
16.02x3.06x10.42x2.99% 13.19B
30.04x8.4x18.4x2.91% 8.07B
9.4x1.03x6.78x-.--% 4.18B
32.37x1.6x15.78x-.--% 1.55B
11.19x0.82x4.6x2.92% 1.44B
Average 20.53x 2.86x 11.39x 1.77% 8.54B
Weighted average by Cap. 21.66x 3.26x 12.26x 2.1%

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