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Keyware Valuation Multiples
Discover revenue and EBITDA valuation multiples for Keyware and similar public comparables like NamSys, Crunchfish, Censof Holdings Bhd, Rubean and more.
Keyware Overview
About Keyware
Keyware Technologies NV is a network service provider. The company works in the area of electronic payment solutions. The company operates in various business segments that are Terminals, which comprise the rental, the sale, and the installation of payment terminals; Authorisation, which relates to the revenues in connection with payment transactions, and authorisation services transaction; Corporate, which is involved in finance and administration, expenses in connection with the listing on the stock market; and Software, which includes activities of Magellan. The Terminal segment generates maximum revenue for the company. It offers its services to Netherlands, Germany, and France.
Founded
1996
HQ
Employees
76
Website
Financials (FY)
EV
$15M
Keyware Financials
Keyware reported last fiscal year revenue of $28M and EBITDA of $5M.
In the same fiscal year, Keyware generated $13M in gross profit, $5M in EBITDA, and $1M in net income.
Keyware P&L
In the most recent fiscal year, Keyware reported revenue of $28M and EBITDA of $5M.
Keyware expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $28M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $13M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 48% | XXX | XXX | XXX |
| EBITDA | — | XXX | $5M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 19% | XXX | XXX | XXX |
| Net Profit | — | XXX | $1M | XXX | XXX | XXX |
| Net Margin | — | XXX | 4% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Keyware Stock Performance
Keyware has current market cap of $24M, and enterprise value of $15M.
Market Cap Evolution
Keyware's stock price is $1.07.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $15M | $24M | -1.9% | XXX | XXX | XXX | $0.06 |
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Start Free TrialKeyware Valuation Multiples
Keyware trades at 0.5x EV/Revenue multiple, and 3.2x EV/EBITDA.
Keyware Financial Valuation Multiples
As of April 21, 2026, Keyware has market cap of $24M and EV of $15M.
Equity research analysts estimate Keyware's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Keyware has a P/E ratio of 19.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $24M | XXX | $24M | XXX | XXX | XXX |
| EV (current) | $15M | XXX | $15M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 2.9x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 1.1x | XXX | XXX | XXX |
| P/E | — | XXX | 19.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 6.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Keyware Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Keyware Margins & Growth Rates
Keyware's revenue in the last fiscal year declined by (6%).
Keyware's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Keyware Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (6%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 74% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 29% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Keyware Public Comps
See public comps and valuation multiples for other Financial Services Software and B2B Payments comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Keyware | XXX | XXX | XXX | XXX | XXX | XXX |
| NamSys | XXX | XXX | XXX | XXX | XXX | XXX |
| Crunchfish | XXX | XXX | XXX | XXX | XXX | XXX |
| Censof Holdings Bhd | XXX | XXX | XXX | XXX | XXX | XXX |
| Rubean | XXX | XXX | XXX | XXX | XXX | XXX |
| Nord Insuretech Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Keyware M&A Activity
Keyware acquired XXX companies to date.
Last acquisition by Keyware was on XXXXXXXX, XXXXX. Keyware acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Keyware
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialKeyware Investment Activity
Keyware invested in XXX companies to date.
Keyware made its latest investment on XXXXXXXX, XXXXX. Keyware invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Keyware
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Keyware
| When was Keyware founded? | Keyware was founded in 1996. |
| Where is Keyware headquartered? | Keyware is headquartered in Belgium. |
| How many employees does Keyware have? | As of today, Keyware has over 76 employees. |
| Is Keyware publicly listed? | Yes, Keyware is a public company listed on Euronext Brussels. |
| What is the stock symbol of Keyware? | Keyware trades under KEYW ticker. |
| When did Keyware go public? | Keyware went public in 2000. |
| Who are competitors of Keyware? | Keyware main competitors are NamSys, Crunchfish, Censof Holdings Bhd, Rubean. |
| What is the current market cap of Keyware? | Keyware's current market cap is $24M. |
| What is the current revenue of Keyware? | Keyware's last fiscal year revenue is $28M. |
| What is the current EV/Revenue multiple of Keyware? | Current revenue multiple of Keyware is 0.5x. |
| Is Keyware profitable? | No, Keyware is not profitable. |
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