Company Valuation: REED

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 75.99 114.5 112 83.73 8.802 2.136
Change - 50.62% -2.12% -25.26% -89.49% -75.73%
Enterprise Value (EV) 1 227.6 358.3 443 411.6 345.2 405.4
Change - 57.43% 23.62% -7.08% -16.14% 17.45%
P/E 13.3x 14.2x 10.6x 29.5x -0.04x -0.01x
PBR 1.43x 1.83x 1.15x 0.84x -0.06x -0.01x
PEG - 0.5x 0.5x -0.4x 0x -0.01x
Capitalization / Revenue 0.37x 0.4x 0.31x 0.21x 0.04x 0.02x
EV / Revenue 1.11x 1.25x 1.22x 1.02x 1.6x 3.77x
EV / EBITDA 14.1x 15.8x 13.8x -35.6x -2.19x -3.33x
EV / EBIT 16.7x 17.6x 15.4x -23.7x -2.11x -2.68x
EV / FCF -5.93x -15.5x -8.67x -4.47x 4.88x 9.83x
FCF Yield -16.9% -6.45% -11.5% -22.4% 20.5% 10.2%
Dividend per Share 2 0.6364 1.636 0.9 - - -
Rate of return 3.07% 5.63% 3.45% - - -
EPS 2 1.563 2.043 2.463 0.5988 -45 -45.45
Distribution rate 40.7% 80.1% 36.5% - - -
Net sales 1 204.8 285.7 364.1 402 216 107.6
EBITDA 1 16.09 22.67 32.19 -11.58 -157.5 -121.8
EBIT 1 13.66 20.34 28.79 -17.35 -163.9 -151.2
Net income 1 6.149 8.04 10.74 2.738 -205.8 -217.6
Net Debt 1 151.6 243.9 331 327.9 336.4 403.3
Reference price 2 20.7273 29.0909 26.0909 17.6500 1.8550 0.4500
Nbr of stocks (in thousands) 3,666 3,934 4,294 4,744 4,745 4,747
Announcement Date 26/04/21 31/03/22 20/04/23 29/03/24 24/09/25 20/08/26
1EUR in Million2EUR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 2.18M
13.97x4.54x12.2x3.62% 39.78B
5.75x0.77x1.62x8.61% 27.96B
17.85x3.95x15.88x1.37% 27.69B
7.79x1.41x7.78x4.54% 26.03B
13.72x3.07x14.71x2.55% 25.46B
8.17x0.91x3.3x2.73% 20.9B
10.25x2.01x8.28x4.1% 20.6B
13.01x6.39x16.79x1.67% 18.75B
38.15x13.96x35.15x3.11% 18.41B
Average 14.30x 4.11x 12.86x 3.59% 22.56B
Weighted average by Cap. 13.70x 3.83x 12.19x 3.71%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


-40%: Exceptional extension
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