Company Valuation: Snap Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 75,709 14,437 27,873 18,064 13,875 9,166 - -
Change - -80.93% 93.07% -35.19% -23.19% -33.94% - -
Enterprise Value (EV) 1 74,269 14,241 28,079 18,331 14,471 9,710 8,534 7,507
Change - -80.83% 97.17% -34.72% -21.06% -32.9% -12.11% -12.04%
P/E -152x -10.1x -20.6x -25.6x -29.9x -83.1x 42.5x 21.4x
PBR 19.3x 5.46x 11.5x 7.43x 6.05x 4.15x 3.03x 2.25x
PEG - -0x 2.62x 0.5x 0.8x 1.1x -0x 0.2x
Capitalization / Revenue 18.4x 3.14x 6.05x 3.37x 2.34x 1.35x 1.22x 1.12x
EV / Revenue 18x 3.09x 6.1x 3.42x 2.44x 1.43x 1.13x 0.92x
EV / EBITDA 120x 37.7x 174x 36x 21x 7.4x 5.33x 3.97x
EV / EBIT -106x -10.2x -20.1x -23.3x -27.2x -109x 30.9x 14.9x
EV / FCF 333x 257x 807x 83.8x 33.1x 10.5x 7.23x 5.36x
FCF Yield 0.3% 0.39% 0.12% 1.19% 3.02% 9.49% 13.8% 18.6%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.31 -0.89 -0.82 -0.42 -0.27 -0.0652 0.1276 0.2534
Distribution rate - - - - - - - -
Net sales 1 4,117 4,602 4,606 5,361 5,931 6,808 7,522 8,159
EBITDA 1 616.7 377.6 161.6 508.6 689.5 1,312 1,601 1,892
EBIT 1 -702.1 -1,395 -1,398 -787.3 -532.2 -89.11 276.4 502.3
Net income 1 -488 -1,430 -1,322 -697.9 -460.5 -101.2 229.9 438
Net Debt 1 -1,440 -196.6 205.3 267.6 596.3 543.7 -631.9 -1,659
Reference price 2 47.030 8.950 16.930 10.770 8.070 5.420 5.420 5.420
Nbr of stocks (in thousands) 1,609,798 1,613,101 1,646,395 1,677,206 1,719,359 1,691,198 - -
Announcement Date 03/02/22 31/01/23 06/02/24 04/02/25 04/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
48.99x5.07x9.04x - 10.81B
-83.08x1.43x7.4x-.--% 9.17B
10.61x4.09x7.75x6.55% 6.66B
27.79x4.51x22.68x-.--% 3.32B
12.59x1.5x7.45x1.3% 2.34B
24.23x1.41x5.82x - 1.51B
6.25x1.05x6.43x2.81% 1.5B
86.05x - - - 1.46B
Average 16.68x 2.72x 9.51x 2.13% 4.59B
Weighted average by Cap. 3.57x 3.32x 9.30x 2.21%

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