Company Valuation: Ionics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 20.91 11.71 8.419 15.26 12.15 14.5
Change - -44.02% -28.08% 81.27% -20.41% 19.37%
Enterprise Value (EV) 1 16.17 18.83 20.33 34.29 24.98 22.26
Change - 16.42% 7.97% 68.69% -27.15% -10.91%
P/E 42.8x 4.37x 1.86x 3.28x 3.97x 3.71x
PBR 0.4x 0.21x 0.14x 0.24x 0.18x 0.21x
PEG - 0x 0x 1.1x -0.1x 0.1x
Capitalization / Revenue 0.39x 0.19x 0.11x 0.16x 0.11x 0.12x
EV / Revenue 0.3x 0.3x 0.26x 0.35x 0.23x 0.19x
EV / EBITDA 3.31x 2.53x 2.07x 2.77x 2.18x 1.95x
EV / EBIT 12.9x 5.48x 3.77x 4.7x 4.25x 3.63x
EV / FCF 13.8x -3.78x -4.51x 10.6x 5.61x 2.24x
FCF Yield 7.27% -26.5% -22.2% 9.4% 17.8% 44.7%
Dividend per Share 2 - - 0.001797 - 0.001722 0.001698
Rate of return - - 17.9% - 11.9% 9.8%
EPS 2 0.000583 0.0032 0.005405 0.005566 0.003657 0.004666
Distribution rate - - 33.2% - 47.1% 36.4%
Net sales 1 53.72 62.47 78.36 98.08 107.5 119.7
EBITDA 1 4.889 7.455 9.803 12.37 11.45 11.41
EBIT 1 1.258 3.434 5.399 7.292 5.878 6.137
Net income 1 0.48 2.634 4.449 4.582 3.01 3.841
Net Debt 1 -4.739 7.122 11.91 19.03 12.84 7.757
Reference price 2 0.0250 0.0140 0.0101 0.0182 0.0145 0.0173
Nbr of stocks (in thousands) 837,131 837,131 837,131 837,131 837,131 837,131
Announcement Date 4/21/21 A 4/19/22 A 4/17/23 A 4/15/24 A 4/16/25 A 4/16/26 A
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 28.44M
23.82x13.42x19.8x0.34% 5,450B
22.36x10.96x14.86x1.13% 1,954B
43.58x17.84x26.26x0.67% 1,867B
13.94x8.48x10.25x0.05% 1,143B
4.68x2.91x3.5x0.23% 848B
88.48x16.02x60.19x-.--% 826B
-44.86x8.99x25.01x-.--% 544B
215.1x47.23x96.22x-.--% 290B
33.28x12.06x22.37x2.03% 258B
Average 44.49x 15.32x 30.94x 0.49% 1,318B
Weighted average by Cap. 29.93x 13.27x 22.58x 0.46%

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 Ionics, Inc.