EV/EBITDA

4.9
Current
4%
More Expensive
vs 3-y average of 4.7

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
4.9
=
Enterprise Value
€60.4m
/
EBITDA
€12.4m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
4.9
=
Enterprise Value
€60.4m
/
EBITDA
€12.4m

Valuation Scenarios

Spindox SpA is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (4.7), the stock would be worth €12.46 (4% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-4%
Maximum Upside
+81%
Average Upside
32%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 4.9 €12.95
0%
3-Year Average 4.7 €12.46
-4%
5-Year Average 4.7 €12.46
-4%
Industry Average 8.9 €23.5
+81%
Country Average 7.6 €20.11
+55%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€60.4m
/
Jan 2025
€12.4m
=
4.9
Current
€60.4m
/
Dec 2025
€10.1m
=
6
Forward
€60.4m
/
Dec 2026
€12.1m
=
5
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IT
Spindox SpA
MIL:SPN
73.6m EUR 4.9 158.9
US
International Business Machines Corp
NYSE:IBM
237.2B USD 17.6 22.4
JP
BrainPad Inc
TSE:3655
20.9T JPY 37.9 551.4
IE
Accenture PLC
NYSE:ACN
120B USD 8.3 15.7
IN
Tata Consultancy Services Ltd
NSE:TCS
9.3T INR 12.7 19.7
IN
Infosys Ltd
NSE:INFY
5.3T INR 12.5 19.1
JP
Fujitsu Ltd
TSE:6702
6.8T JPY 12.5 14.3
IN
HCL Technologies Ltd
NSE:HCLTECH
3.9T INR 13.7 23.6
JP
NEC Corp
TSE:6701
5.9T JPY 12.4 24
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 9.9 38.8
JP
NTT Data Corp
TSE:9613
5.6T JPY 9.9 39.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IT
Spindox SpA
MIL:SPN
Average EV/EBITDA: 13.8
4.9
N/A N/A
US
International Business Machines Corp
NYSE:IBM
17.6
13%
1.4
JP
BrainPad Inc
TSE:3655
37.9
N/A N/A
IE
Accenture PLC
NYSE:ACN
8.3
7%
1.2
IN
Tata Consultancy Services Ltd
NSE:TCS
12.7
9%
1.4
IN
Infosys Ltd
NSE:INFY
12.5
8%
1.6
JP
Fujitsu Ltd
TSE:6702
12.5
13%
1
IN
HCL Technologies Ltd
NSE:HCLTECH
13.7
9%
1.5
JP
NEC Corp
TSE:6701
12.4
14%
0.9
JP
N
NTT Data Group Corp
DUS:NT5
9.9
12%
0.8
JP
NTT Data Corp
TSE:9613
9.9
12%
0.8

Market Distribution

Lower than 73% of companies in Italy
Percentile
27th
Based on 875 companies
27th percentile
4.9
Low
0.7 — 5.2
Typical Range
5.2 — 10.8
High
10.8 —
Distribution Statistics
Italy
Min 0.7
30th Percentile 5.2
Median 7.6
70th Percentile 10.8
Max 3 328.6

Spindox SpA
Glance View

Market Cap
77.7m EUR
Industry
Technology

Spindox SpA provides business innovation solutions in the information technology sector. The company is headquartered in Milan, Milano and currently employs 1,025 full-time employees. The company went IPO on 2021-07-06. The firm focuses on designing, developing and integrating innovation, as it aims to support the innovation of its client's businesses in Italy and abroad. Spindox SpA operates in four areas: Consulting, ICT services, Technology and Research. Consulting sector is divided into Business Growth and IT Consulting. ICT services include system integration, software development, and application maintenance, among others. Technology includes software products and solutions. Research include prototyping projects and discovery of new products, among others. The firm operates in Italy, as well as in Spain, Switzerland, the United Kingdom and in the United States, through its branches.

SPN Intrinsic Value
17.96 EUR
Undervaluation 28%
Intrinsic Value
Price €12.95
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