B2En Valuation Multiples

B2En is valued at $55M as of November 2026, a 4.2x revenue multiple. In the last fiscal year, B2En revenue was $11M and B2En EBITDA was ($6M).

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B2En Overview

About B2En

B2En Co Ltd, formerly Sangsangin Ian No.1 Special Purpose Acquisition Co Ltd is engaged in providing activities auxiliary to financial service activities.


Founded

2018

HQ

South Korea

Employees

N/A

Website

b2en.com

Financials (Last FY)

Revenue: $11M
EBITDA: ($6M)

EV

$45M

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B2En Financials

B2En reported last fiscal year revenue of $11M and negative EBITDA of ($6M).

In the same fiscal year, B2En generated $1M in gross profit, ($6M) in EBITDA losses, and had net loss of ($9M).


B2En P&L

In the most recent fiscal year, B2En reported revenue of $11M and EBITDA of ($6M).

B2En is unprofitable as of last fiscal year, with gross margin of 12%, EBITDA margin of (58%), and net margin of (82%).

See analyst estimates for B2En
Last FY2025202620272028
Revenue$11M$11M
Gross Profit$1M$1M
Gross Margin12%12%
EBITDA($6M)($6M)
EBITDA Margin(58%)(58%)
EBIT Margin(46%)(46%)
Net Profit($9M)($9M)
Net Margin(82%)(82%)
Net Debt$3M-

Financial data powered by Morningstar, Inc.

B2En Stock Performance

B2En has current market cap of $55M, and enterprise value of $45M.

Market Cap Evolution


B2En's stock price is $0.74.

B2En share price decreased by 5.9% in the last 30 days.

B2En has an EPS (earnings per share) of $-0.12.

See more trading valuation data for B2En
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$45M$55M-0.1%-5.9%--$-0.12

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B2En Valuation Multiples

B2En trades at 4.2x EV/Revenue multiple, and (7.2x) EV/EBITDA.

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B2En Financial Valuation Multiples

As of November 8, 2026, B2En has market cap of $55M and EV of $45M.

B2En has a P/E ratio of (6.2x).

Last FY2025202620272028
EV/Revenue4.2x4.2x
EV/EBITDA(7.2x)(7.2x)
EV/EBIT(9.1x)(9.1x)
EV/Gross Profit36.1x36.1x
P/E(6.2x)(6.2x)
EV/FCF(8.8x)(8.8x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified B2En Valuation Multiples

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B2En Margins & Growth Rates

In the most recent fiscal year, B2En reported gross margin of 12%, EBITDA margin of (58%), and net margin of (82%).

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B2En Margins

Last FY2025202720282029
Gross Margin12%12%
EBITDA Margin(58%)(58%)
EBIT Margin(46%)(46%)
Net Margin(82%)(82%)
FCF Margin(48%)(48%)

Data powered by FactSet, Inc. and Morningstar, Inc.

B2En Operational KPIs

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Last FY2025202620272028
S&M Expenses to Revenue17%17%
G&A Expenses to Revenue5%5%
R&D Expenses to Revenue2%2%
Opex to Revenue58%58%

Data powered by FactSet, Inc. and Morningstar, Inc.

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B2En Competitors

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E

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Acquisitions by B2En

B2En has acquired 1 company to date.

Last acquisition by B2En was on September 17th 2026. B2En acquired NC& for undisclosed valuation.

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Latest Acquisitions by B2En

NC&
Description
NC& is a South Korean maker of automotive dashcams and image processing products, listed on the KOSDAQ market since 2007. It was established in 1997 and draws on more than twenty years of image processing know-how to supply video solutions that use artificial intelligence and big data. Its business lines cover dashcams, advanced driver assistance systems, fleet management systems and image-processing system semiconductors for dashcams and security systems. It designs its own chips and sells finished devices and components to vehicle makers, fleet operators and distributors, earning revenue from product sales. The company is headquartered in Seongnam, Gyeonggi Province, in the Pangyo technology district, and also holds an equity interest in a listed automotive vision chip developer. A Korean listed data solutions company subscribed to a share issue to take a significant holding and pursue control.
HQ CountrySouth Korea
HQ City
Seongnam
Deal Date17 Sep 2026
Valuationundisclosed
EV/Revenue
EV/EBITDA

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About B2En

When was B2En founded?B2En was founded in 2018.
Where is B2En headquartered?B2En is headquartered in South Korea.
Is B2En publicly listed?Yes, B2En is a public company listed on Korea Exchange.
What is the stock symbol of B2En?B2En trades under 307870 ticker.
When did B2En go public?B2En went public in 2018.
Who are competitors of B2En?B2En main competitors include
What is the current market cap of B2En?B2En's current market cap is $55M.
What is the current revenue of B2En?B2En's last fiscal year revenue is $11M.
What is the current EV/Revenue multiple of B2En?Current revenue multiple of B2En is 4.2x.
Is B2En profitable?No, B2En is not profitable.
How many companies B2En has acquired to date?As of November 2026, B2En has acquired 1 company.
What was the largest acquisition by B2En?None of the M&A deals B2En has completed have disclosed valuations.
What companies B2En acquired?B2En acquired NC&.
In how many companies B2En has invested to date?B2En hasn't invested in any companies yet (or none have been disclosed publicly).

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