Valuation Bittnet Systems SA

Stocks

End-of-day quote Bucharest S.E. 14/08/2026			5-day change	1st Jan Change
0.1440 ^RON	+2.49%		-0.35%	+26.32%

22/06	Digmatix AS agreed to acquire Elian Solutions SRL from Bittnet Systems SA, Iulian Motoi and Mihaela Ivancuta for ?6 million.	CI
30/05	Bittnet Systems SA Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	159.4	161.9	156.2	176.3	97.66	71.68
Change	-	1.56%	-3.55%	12.89%	-44.6%	-26.6%
Enterprise Value (EV) ¹	178.9	156.9	184	172.4	101.9	30.71
Change	-	-12.29%	17.27%	-6.3%	-40.92%	-69.86%
P/E	233x	13.3x	-28.3x	-36.7x	18.3x	-11.9x
PBR	6.28x	3.07x	2.91x	1.99x	1.38x	1.18x
PEG	-	0x	0x	1.3x	-0x	0x
Capitalization / Revenue	1.46x	1.44x	0.81x	0.47x	0.24x	0.18x
EV / Revenue	1.64x	1.39x	0.96x	0.46x	0.25x	0.08x
EV / EBITDA	39.3x	21.5x	25.7x	19.3x	7.77x	10.1x
EV / EBIT	45.8x	32x	29.7x	28.9x	11x	407x
EV / FCF	-278x	11.8x	19x	4.47x	-22.4x	0.52x
FCF Yield	-0.36%	8.47%	5.25%	22.4%	-4.46%	192%
Dividend per Share ²	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-
EPS ²	0.0016	0.0231	-0.0105	-0.007577	0.00841	-0.009599
Distribution rate	-	-	-	-	-	-
Net sales ¹	109.2	112.6	192.2	375.5	404.1	394.3
EBITDA ¹	4.554	7.289	7.156	8.912	13.11	3.048
EBIT ¹	3.904	4.901	6.2	5.975	9.277	0.0754
Net income ¹	0.8951	13.72	-5.359	-4.605	5.334	-6.062
Net Debt ¹	19.51	-4.978	27.86	-3.858	4.221	-40.97
Reference price ²	0.3722	0.3064	0.2955	0.2780	0.1540	0.1140
Nbr of stocks (in thousands)	4,28,323	5,28,481	5,28,481	6,34,177	6,34,177	6,28,808
Announcement Date	28/04/21	21/04/22	28/04/23	22/03/24	29/04/25	30/03/26

¹RON in Million²RON

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
BITTNET SYSTEMS SA	-	-	-	-	1.94Cr
IBM	23.25x	3.75x	13.1x	2.88%	22TCr
SNOWFLAKE INC.	-115.3x	18.35x	105.96x	-.--%	11TCr
ACCENTURE PLC	13.11x	1.45x	7.6x	3.65%	11TCr
TATA CONSULTANCY SERVICES LTD.	15.29x	2.8x	10.56x	5.37%	8.93TCr
RELX PLC	19.78x	5.21x	12.81x	2.88%	5.98TCr
INFOSYS LIMITED	15.31x	2.24x	9.49x	5.1%	4.95TCr
NEC CORPORATION	22.87x	1.75x	11.09x	0.83%	4.31TCr
FUJITSU LIMITED	21.64x	1.77x	10.98x	1.35%	4.19TCr
HCL TECHNOLOGIES LIMITED	18.53x	2.38x	11.3x	4.67%	3.85TCr
Average	3.83x	4.41x	21.43x	2.97%	7.65TCr
Weighted average by Cap.	-0.89x	5.22x	25.29x	2.89%