Company Valuation: AppLovin Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,274 3,914 13,382 108,675 227,721 94,141 - -
Change - -88.9% 241.9% 712.11% 109.54% -58.66% - -
Enterprise Value (EV) 1 36,981 6,045 16,000 111,442 228,747 92,790 88,494 82,745
Change - -83.65% 164.68% 596.49% 105.26% -59.44% -4.63% -6.5%
P/E 1,047x -20.3x 40.7x 71.5x 69.1x 18x 14.1x 11.2x
PBR 16.5x 2.07x 10.8x 101x 107x 19.7x 10.8x 6.72x
PEG - 0x -0x 0x 1x 0.3x 0.5x 0.4x
Capitalization / Revenue 12.6x 1.39x 4.08x 23.1x 41.5x 11.6x 9.18x 7.46x
EV / Revenue 13.2x 2.15x 4.87x 23.7x 41.7x 11.5x 8.63x 6.56x
EV / EBITDA 50.9x 5.69x 10.6x 41x 50.7x 13.6x 10.3x 7.79x
EV / EBIT 247x -126x 24.7x 59.5x 55.1x 14.6x 11x 8.37x
EV / FCF 103x 15.6x 15.1x 53.7x 57.9x 17.9x 12.9x 9.63x
FCF Yield 0.97% 6.4% 6.61% 1.86% 1.73% 5.59% 7.77% 10.4%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.09 -0.52 0.98 4.53 9.75 15.66 20 25.09
Distribution rate - - - - - - - -
Net sales 1 2,793 2,817 3,283 4,709 5,481 8,099 10,250 12,619
EBITDA 1 726.8 1,063 1,503 2,720 4,512 6,800 8,582 10,618
EBIT 1 150 -47.79 648.2 1,873 4,152 6,344 8,040 9,887
Net income 1 31.7 -192.7 354.9 1,577 3,334 5,259 6,694 8,406
Net Debt 1 1,707 2,131 2,619 2,768 1,026 -1,351 -5,647 -11,395
Reference price 2 94.26 10.53 39.85 323.83 673.82 281.31 281.31 281.31
Nbr of stocks (in thousands) 374,221 371,690 335,802 335,592 337,955 334,651 - -
Announcement Date 16/2/22 8/2/23 14/2/24 12/2/25 11/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.04x9.62x15.73x0.77% 3,809B
122.44x53.43x86.72x-.--% 449B
20.67x5.89x10.32x1.45% 416B
252.08x22.5x65.87x-.--% 325B
2647.5x44.38x142.94x-.--% 272B
26.28x5.27x16.62x1.44% 243B
86.75x8.42x22.54x-.--% 139B
57.81x15.57x41.01x-.--% 131B
18.54x11.83x14.1x-.--% 97.19B
Average 362.01x 19.66x 46.21x 0.41% 653.47B
Weighted average by Cap. 168.63x 14.98x 30.15x 0.66%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  3. APP Stock
  4. APPS Stock
  5. Valuation AppLovin Corporation