Company Valuation: Asmodee

Data adjusted to current consolidation scope
Fiscal Period: March 2025 2026 2027 2028 2029
Market Cap 1 1,971 2,265 3,469 - -
Change - 14.91% 53.18% - -
Enterprise Value (EV) 1 2,381 2,522 3,898 3,786 3,570
Change - 5.95% 54.54% -2.86% -5.71%
P/E 307x 81.7x 20.1x 18.6x 18x
PBR 1.05x 1.2x 1.69x 1.58x 1.47x
PEG - 0x 0x 2.42x 5.16x
Capitalization / Revenue 1.44x 1.35x 1.8x 1.78x 1.7x
EV / Revenue 1.74x 1.5x 2.03x 1.94x 1.75x
EV / EBITDA 10.4x 8.84x 11.3x 10.7x 9.73x
EV / EBIT 12x 9.8x 12.5x 12x 10.8x
EV / FCF 14.2x 12x 20.4x 16x 15.4x
FCF Yield 7.07% 8.31% 4.91% 6.23% 6.5%
Dividend per Share 2 - 0.17 0.2215 0.2073 0.2348
Rate of return - 1.75% 1.51% 1.41% 1.6%
EPS 2 0.0275 0.1186 0.7304 0.7866 0.8141
Distribution rate - 143% 30.3% 26.3% 28.8%
Net sales 1 1,369 1,684 1,923 1,947 2,035
EBITDA 1 228.2 285.4 345.9 352.3 367
EBIT 1 198.2 257.3 313 316.8 329.7
Net income 1 4.699 27.7 173.3 187.5 193.1
Net Debt 1 409.8 257.5 428.7 317.2 100.9
Reference price 2 8.43 9.69 14.65 14.65 14.65
Nbr of stocks (in thousands) 2,33,692 2,33,692 2,36,721 - -
Announcement Date 21/05/25 21/05/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.05x3.29x16.18x2.66% 6.1TCr
15.55x7.79x12.84x5.8% 642.54Cr
20.06x2.03x11.27x1.51% 397.88Cr
18.39x1x8.31x1.94% 220.52Cr
15.97x2.8x9.7x1.32% 200.21Cr
30.69x - - - 37Cr
Average 20.45x 3.38x 11.66x 2.65% 1.27TCr
Weighted average by Cap. 21.17x 3.52x 15.23x 2.81%

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

-40%: Exceptional extension
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