Company Valuation: Kaltura, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 427.6 229.2 275.7 329.3 256.4 192.5 -
Change - -46.39% 20.3% 19.43% -22.15% -24.93% -
Enterprise Value (EV) 322.4 179 241 346.3 256.4 192.5 192.5
Change - -44.46% 34.62% 43.68% -25.96% -24.93% 0%
P/E -3.55x -3.25x -5.74x -10.5x -20.5x -8.53x -16x
PBR 5.02x - 9.17x - - - -
PEG - 0.1x 0.2x 0.3x 0.3x -0.1x 0.3x
Capitalization / Revenue 2.59x 1.36x 1.57x 1.84x 1.42x 1.05x 1x
EV / Revenue 0x 0x 0x 0x 0x 1.05x 1x
EV / EBITDA -0x -0x -0x 0x 0x 13.2x 9.55x
EV / EBIT -0x -0x -0x 0x 0x 18.8x 12.4x
EV / FCF -0x -0x -0x 0x 0x 17.5x 14.8x
FCF Yield -5.61% -21% -3.96% 3.56% 5.41% 5.71% 6.75%
Dividend per Share 2 - - - - - - -
Rate of return - - - - - - -
EPS 2 -0.95 -0.53 -0.34 -0.21 -0.08 -0.15 -0.08
Distribution rate - - - - - - -
Net sales 1 165 168.8 175.2 178.7 180.9 183.6 192.7
EBITDA 1 -12.23 -28.26 -2.5 7.273 18.65 14.55 20.15
EBIT 1 -13.64 -30.31 -6.663 2.686 14.33 10.25 15.5
Net income 1 -67.59 -68.5 -46.37 -31.32 -12.07 -22.2 -12.4
Net Debt -105.2 -50.17 -34.72 16.97 - - -
Reference price 2 3.370 1.720 1.950 2.200 1.640 1.280 1.280
Nbr of stocks (in thousands) 1,26,874 1,33,265 1,41,406 1,49,695 1,56,334 1,50,375 -
Announcement Date 23/02/22 22/02/23 22/02/24 20/02/25 16/03/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-8.53x - - - 19Cr
22.2x8.52x14.17x0.96% 2,86100Cr
93.99x37.9x63.36x-.--% 30TCr
126.3x40.33x127.55x0.14% 13TCr
85.38x17.16x37.28x-.--% 11TCr
465.2x20.01x80.43x-.--% 9.17TCr
164.63x9.59x23.69x-.--% 8.53TCr
36.94x1.96x15.33x-.--% 6.81TCr
123.9x5.18x25.62x-.--% 4.52TCr
-36.64x4.91x23.51x-.--% 3.96TCr
Average 107.34x 16.17x 45.66x 0.12% 37.3TCr
Weighted average by Cap. 48.48x 12.38x 24.88x 0.74%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Kaltura, Inc.