Company Valuation: Netcapital Inc.

Data adjusted to current consolidation scope
Fiscal Period: April 2021 2022 2023 2024 2025
Market Cap 1 24.8 26.07 8.258 2.655 4.428
Change - 5.12% -68.33% -67.84% 66.75%
Enterprise Value (EV) 1 27.66 29.74 10.47 4.212 6.822
Change - 7.53% -64.78% -59.78% 61.95%
P/E Ratio 12.9x 7.09x 2.16x -0.32x -0.1x
PBR 1.77x 1.05x 0.24x 0.08x 0.3x
PEG - 0.2x -0x 0x 0x
Capitalization / Revenue 5.25x 4.76x 0.97x 0.54x 5.09x
EV / Revenue 5.86x 5.43x 1.23x 0.85x 7.85x
EV / EBITDA - - - - -
EV / EBIT -68.9x -29.6x 4.7x -1.19x -0.82x
EV / FCF - - - - -
FCF Yield - - - - -
Dividend per Share 2 - - - - -
Rate of return - - - - -
EPS 2 62.3 88.9 44.1 -28.83 -20.39
Distribution rate - - - - -
Net sales 1 4.721 5.481 8.494 4.951 0.8695
EBITDA - - 2.324 -3.441 -8.32
EBIT 1 -0.4015 -1.006 2.227 -3.535 -8.356
Net income 1 1.47 3.504 2.955 -4.986 -28.3
Net Debt 1 2.855 3.669 2.216 1.557 2.394
Reference price 2 805.0008 630.0006 95.2001 9.2890 2.0200
Nbr of stocks (in thousands) 30.8 41.4 86.7 286 2,192
Announcement Date 14/02/22 08/08/22 26/07/23 29/07/24 12/08/25
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 5.99M
16x4.52x10.03x2.33% 4.53B
85.92x4.33x25.48x - 2.53B
39.29x - - - 1.8B
-0.99x5x-1.18x - 74.75M
Average 35.05x 4.62x 11.44x 2.33% 1.79B
Weighted average by Cap. 40.34x 4.46x 15.39x 2.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Netcapital Inc.
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