Company Valuation: Temenos Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,874 3,938 6,689 5,157 6,946 5,615 - -
Change - -60.11% 69.84% -22.9% 34.68% -19.16% - -
Enterprise Value (EV) 1 10,695 4,676 7,347 5,770 7,551 6,135 6,008 5,751
Change - -56.28% 57.12% -21.46% 30.87% -18.75% -2.06% -4.28%
P/E 57.5x 34.5x 50.2x 29.1x 25.2x 24.7x 22.1x 19.7x
PBR 20.8x 7.12x 9.87x 8.06x 14.2x 10.2x 7.94x 6.42x
PEG - -1x 3.1x 0.9x 0.4x -1.4x 1.8x 1.6x
Capitalization / Revenue 10.2x 4.15x 6.69x 4.94x 6.37x 4.81x 4.47x 4.19x
EV / Revenue 11.1x 4.92x 7.34x 5.53x 6.92x 5.26x 4.79x 4.3x
EV / EBITDA 23.9x 12.8x 18.4x 13.1x 16.4x 13.5x 12.2x 10.9x
EV / EBIT 30x 17.2x 23.5x 16.3x 19.7x 14.9x 13.4x 11.9x
EV / FCF 29.9x 24.2x 30.3x 20.2x 26.9x 19.9x 17x 14.6x
FCF Yield 3.35% 4.13% 3.3% 4.94% 3.72% 5.01% 5.88% 6.85%
Dividend per Share 2 1 1.178 1.361 1.441 1.81 1.672 1.811 1.95
Rate of return 0.73% 2.15% 1.47% 2.04% 1.8% 2.04% 2.21% 2.38%
EPS 2 2.4 1.59 1.85 2.43 4 3.31 3.707 4.154
Distribution rate 41.7% 74.1% 73.6% 59.3% 45.2% 50.5% 48.8% 46.9%
Net sales 1 967 949.6 1,000 1,044 1,091 1,167 1,255 1,339
EBITDA 1 447.7 365.2 399.2 441.6 461.7 454.7 494.5 528.4
EBIT 1 356.8 272.4 313 354.6 382.4 412.2 447.2 482.8
Net income 1 173.4 114.4 134.7 177.2 280.6 226.1 251.2 280
Net Debt 1 820.5 737.6 657.8 612.6 605.4 520.4 393.7 136.5
Reference price 2 137.89 54.87 92.89 70.67 100.68 81.86 81.86 81.86
Nbr of stocks (in thousands) 71,610 71,771 72,006 72,976 68,984 68,591 - -
Announcement Date 14/02/22 20/02/23 19/02/24 18/02/25 24/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.07x9.26x15.15x0.8% 3,667B
116.4x50.67x82.24x-.--% 427B
410.75x17.46x69.02x-.--% 82.56B
58.87x12.44x26.23x-.--% 77.91B
96.92x8.29x21x-.--% 73.77B
34.34x1.66x13.29x-.--% 62.34B
194.07x6.2x23.94x-.--% 48.62B
111.51x4.4x21.39x-.--% 38.42B
28.38x5.87x28.18x-.--% 37.45B
Average 119.59x 12.92x 33.38x 0.09% 501.61B
Weighted average by Cap. 45.23x 13.16x 22.99x 0.65%

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

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