Company Valuation: Progress Software Corporation

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,124 2,293 2,346 2,935 1,777 1,645 - -
Change - 7.93% 2.34% 25.09% -39.46% -7.42% - -
Enterprise Value (EV) 2,527 2,659 2,943 4,298 1,777 1,645 1,645 1,645
Change - 5.22% 10.7% 46.01% -58.66% -7.42% 0% 0%
P/E 27.5x 24.8x 34.3x 44.4x 24.9x 24.6x 21.5x -
PBR 5.16x 5.88x 5.09x 6.75x - - - -
PEG - 1.1x -1.3x -23.24x 3.2x -13.61x 1.5x -
Capitalization / Revenue 3.81x 3.75x 3.36x 3.9x 1.82x 1.65x 1.64x 1.62x
EV / Revenue 0x 0x 0x 0x 0x 1.65x 1.64x 1.62x
EV / EBITDA 0x 0x 0x 0x 0x 4.15x 4.11x 4.03x
EV / EBIT 0x 0x 0x 0x 0x 4.21x 4.17x 4.11x
EV / FCF 0x 0x 0x 0x 0x 6.09x 5.83x -
FCF Yield 8.19% 8.12% 7.17% 7.03% 12.9% 16.4% 17.2% -
Dividend per Share 2 0.7 0.7 0.7 0.525 - - - -
Rate of return 1.44% 1.31% 1.3% 0.77% - - - -
EPS 2 1.76 2.15 1.57 1.54 1.66 1.63 1.867 -
Distribution rate 39.8% 32.6% 44.6% 34.1% - - - -
Net sales 1 557.3 610.6 698.2 753.4 977.8 995.7 1,005 1,019
EBITDA 1 290.3 209 215.8 230.6 310.8 396.2 400 408
EBIT 1 229.2 242.1 270.6 298.5 384.8 390.4 394.4 400.1
Net income 1 78.42 95.07 70.2 68.44 73.13 68.41 83.65 -
Net Debt 402.9 366.3 597 1,363 - - - -
Reference price 2 48.45 53.32 53.86 68.41 41.41 40.11 40.11 40.11
Nbr of stocks (in thousands) 43,843 42,998 43,565 42,905 42,908 41,013 - -
Announcement Date 1/18/22 A 1/17/23 A 1/16/24 A 1/21/25 A 1/20/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.61x - - -.--% 1.65B
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
194.07x6.2x23.93x-.--% 48.61B
111.51x4.4x21.39x-.--% 38.42B
28.38x5.87x28.18x-.--% 37.45B
Average 110.09x 12.92x 33.38x 0.08% 451.62B
Weighted average by Cap. 45.22x 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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  4. Valuation Progress Software Corporation
-40%: Exceptional extension
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