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Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and overly ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralised debt. As Fortis’ capital began to decline, the company initiated a rights issue, and the long-held promised dividend was suspended. As Fortis’ share price began to decline and financial market conditions continued to worsen, with a series of leadership changes customers began to withdraw deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgium government. It also spun off its insurance and asset management business.
1993
17.7K+
LTM Revenue $8.5B
LTM EBITDA n/a
$13.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
ageas has a last 12-month revenue of $8.5B and a last 12-month EBITDA of n/a.
In the most recent fiscal year, ageas achieved revenue of $9.1B and an EBITDA of n/a.
ageas expects next 12-month revenue of XXX and NTM EBITDA of XXX
See ageas valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $10.6B | $9.1B | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | $1.1B | $1.0B | XXX | XXX | XXX |
| Net Margin | 10% | 11% | XXX | XXX | XXX |
| Net Debt | $2.9B | $2.2B | XXX | XXX | XXX |
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As of April 15, 2025, ageas's stock price is EUR 53 (or $57).
ageas has current market cap of EUR 9.6B (or $10.3B), and EV of EUR 12.3B (or $13.2B).
See ageas trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $13.2B | $10.3B | XXX | XXX | XXX | XXX | $7.49 |
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Sign UpAs of April 15, 2025, ageas has market cap of $10.3B and EV of $13.2B.
ageas's trades at 1.6x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate ageas's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for ageas and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $13.2B | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 8.6x | XXX | XXX | XXX |
| P/E/Growth | 0.7x | XXX | XXX | XXX |
| EV/FCF | 19.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign Upageas's NTM/LTM revenue growth is 5%
ageas's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged n/a for the same period.
Over next 12 months, ageas's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate ageas's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for ageas and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -14% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | n/a | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNIC | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegon | XXX | XXX | XXX | XXX | XXX | XXX |
| ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
| NN Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Challenger | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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ageas acquired XXX companies to date.
Last acquisition by ageas was XXXXXXXX, XXXXX XXXXX XXXXXX . ageas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was ageas founded? | ageas was founded in 1993. |
| Where is ageas headquartered? | ageas is headquartered in Belgium. |
| How many employees does ageas have? | As of today, ageas has 17.7K+ employees. |
| Who is the CEO of ageas? | ageas's CEO is Mr. Hans De Cuyper. |
| Is ageas publicy listed? | Yes, ageas is a public company listed on BRU. |
| What is the stock symbol of ageas? | ageas trades under AGS ticker. |
| When did ageas go public? | ageas went public in 1990. |
| Who are competitors of ageas? | Similar companies to ageas include e.g. ADNIC, Aegon, ASR Nederland, NN Group. |
| What is the current market cap of ageas? | ageas's current market cap is $10.3B |
| What is the current revenue of ageas? | ageas's last 12-month revenue is $8.5B. |
| What is the current EV/Revenue multiple of ageas? | Current revenue multiple of ageas is 1.6x. |
| What is the current revenue growth of ageas? | ageas revenue growth between 2023 and 2024 was -14%. |
| Is ageas profitable? | Yes, ageas is EBITDA-positive (as of the last 12 months). |
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