Company Valuation: FullNet Communications, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 0.4904 0.4362 1.646 11.15 7.194 1.957
Change - -11.05% 277.29% 577.65% -35.5% -72.8%
Enterprise Value (EV) 1 0.2728 0.4434 0.7525 8.899 4.719 -1.028
Change - 62.54% 69.72% 1,082.61% -46.97% -121.79%
P/E 1.8x 3.02x 1.67x 13x 12.5x 4.19x
PBR -0.36x -0.5x 11.1x 11.2x 7.25x 1.61x
PEG - -0.1x 0x -0.8x -0.3x -0.2x
Capitalization / Revenue 0.24x 0.18x 0.47x 2.7x 1.69x 0.47x
EV / Revenue 0.13x 0.18x 0.21x 2.15x 1.11x -0.25x
EV / EBITDA 132x 2.04x 1.02x 7.52x 5.58x -1.94x
EV / EBIT -18.5x 2.19x 1.03x 7.59x 5.68x -2.01x
EV / FCF -1.92x 1.5x 0.84x 9.44x 7.16x -1.66x
FCF Yield -52.2% 66.8% 120% 10.6% 14% -60.3%
Dividend per Share 2 - - - - 0.006 0.0132
Rate of return - - - - 1.6% 13.2%
EPS 2 0.02 0.009942 0.06 0.05 0.03 0.0238
Distribution rate - - - - 20% 55.4%
Net sales 1 2.07 2.421 3.502 4.136 4.268 4.191
EBITDA 1 0.002065 0.2179 0.7391 1.183 0.8459 0.5288
EBIT 1 -0.0148 0.2021 0.7301 1.173 0.8302 0.5122
Net income 1 0.2671 0.3173 1.072 0.893 0.6722 0.5321
Net Debt 1 -0.2176 0.007182 -0.8932 -2.253 -2.474 -2.985
Reference price 2 0.0360 0.0300 0.1000 0.6500 0.3750 0.1000
Nbr of stocks (in thousands) 13,621 14,540 16,457 17,157 19,183 19,565
Announcement Date 01/04/19 10/04/20 31/03/21 31/03/22 31/03/23 01/04/24
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 68.9L
11.39x1.32x4.09x7.04% 22TCr
9.11x2.38x6.37x6.47% 18TCr
13.7x2.13x5.55x4.17% 15TCr
13.45x2.04x5.15x2.39% 7.91TCr
12.16x0.82x3.08x6.63% 7.7TCr
12.03x1.75x7.5x3.57% 7.58TCr
15.41x2.68x8.39x5.1% 5.74TCr
23.9x5.38x19.65x4.48% 5.61TCr
16.05x1.79x5.62x4.78% 5.01TCr
Average 14.13x 2.26x 7.27x 4.96% 9.51TCr
Weighted average by Cap. 12.83x 2.05x 6.29x 5.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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