Believe SA
PAR:BLV
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its Industry Average (10.3), the stock would be worth €-3.25 (119% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | -54.4 | €17.2 |
0%
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| Industry Average | 10.3 | €-3.25 |
-119%
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| Country Average | 15 | €-4.73 |
-128%
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Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| FR |
B
|
Believe SA
PAR:BLV
|
1.7B EUR | -54.4 | -566.7 | |
| US |
|
Netflix Inc
NASDAQ:NFLX
|
387.9B USD | 36.2 | 29.4 | |
| US |
|
Walt Disney Co
NYSE:DIS
|
182.6B USD | 24.1 | 15.1 | |
| LU |
|
Spotify Technology SA
NYSE:SPOT
|
91.3B USD | 44.4 | 28.9 | |
| US |
|
Warner Bros Discovery Inc
NASDAQ:WBD
|
67.1B USD | -45.6 | 92.4 | |
| NL |
|
Universal Music Group NV
AEX:UMG
|
35.5B EUR | 18.8 | 21.3 | |
| US |
|
Live Nation Entertainment Inc
NYSE:LYV
|
36.1B USD | 19.3 | -664.1 | |
| US |
|
TKO Group Holdings Inc
NYSE:TKO
|
35.6B USD | 20.6 | 156.4 | |
| FR |
|
Bollore SE
PAR:BOL
|
14.8B EUR | 90.4 | 43.1 | |
| US |
|
Roku Inc
NASDAQ:ROKU
|
16.7B USD | 35.4 | 191.5 | |
| US |
|
Warner Music Group Corp
NASDAQ:WMG
|
14.6B USD | 45.1 | 48.9 |
Market Distribution
| Min | 0.1 |
| 30th Percentile | 8.4 |
| Median | 15 |
| 70th Percentile | 26.7 |
| Max | 1 133.8 |
Other Multiples
Believe SA
Glance View
Believe SA, a digital music company founded in 2005 by Denis Ladegaillerie, emerged at the intersection of technology and independent artistry. The company was born out of a vision to transform the traditional music industry, offering flexible solutions that empower artists and labels in the digital age. Operating across more than 50 countries, Believe has carved a niche by leveraging technology to distribute, market, and monetize music. Its core offerings include TuneCore — a platform enabling independent artists to upload, promote, and sell their music across major streaming services. By providing tools and insights, Believe helps musicians expand their reach, retain control over their work, and ultimately draw in revenue, all within a landscape plagued by the rigidities of traditional music contracts. Profitability hinges upon Believe's ability to blend artist empowerment with efficient digital solutions. The company earns revenue through a combination of flat fees and revenue-sharing models, allowing independent labels and artists to access its suite of services. This model is complemented by a focus on data analytics to optimize performance and marketing strategies, providing artists with valuable insights into listener behavior and market trends. Additionally, Believe nurtures artists from across cultural spectrums, enabling them to tap into global markets while retaining their unique identities. From nascent musicians to established talents, Believe SA positions itself as a pivotal partner in the evolving music ecosystem, ensuring artists can navigate the complexities of the digital domain while enhancing their commercial success.