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 9,437 - -
Change - -80.93% 93.07% -35.19% -23.19% -31.99% - -
Enterprise Value (EV) 1 74,269 14,241 28,079 18,331 14,471 9,981 8,805 7,777
Change - -80.83% 97.17% -34.72% -21.06% -31.03% -11.78% -11.67%
P/E -152x -10.1x -20.6x -25.6x -29.9x -85.5x 43.7x 22x
PBR 19.3x 5.46x 11.5x 7.43x 6.05x 4.27x 3.12x 2.32x
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 1.39x 1.25x 1.16x
EV / Revenue 18x 3.09x 6.1x 3.42x 2.44x 1.47x 1.17x 0.95x
EV / EBITDA 120x 37.7x 174x 36x 21x 7.6x 5.49x 4.11x
EV / EBIT -106x -10.2x -20.1x -23.3x -27.2x -112x 31.9x 15.5x
EV / FCF 333x 257x 807x 83.8x 33.1x 10.8x 7.46x 5.56x
FCF Yield 0.3% 0.39% 0.12% 1.19% 3.02% 9.24% 13.4% 18%
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 1,603 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 5.580 5.580 5.580
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 2/3/22 A 1/31/23 A 2/6/24 A 2/4/25 A 2/4/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.27x9.71x15.87x0.75% 3,843B
121.59x53.78x87.57x-.--% 454B
21.42x6.06x10.62x1.4% 431B
255.85x22.84x66.87x-.--% 330B
2700.4x45.28x148.08x-.--% 277B
26.03x5.22x16.46x1.46% 239B
86.99x8.45x22.61x-.--% 139B
58.52x15.77x41.53x-.--% 133B
495.26x21.25x83.97x-.--% 99.54B
Average 421.37x 20.93x 54.84x 0.4% 660.56B
Weighted average by Cap. 180.55x 15.31x 31.85x 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