Kudelski Valuation Multiples

Kudelski Overview

About Kudelski

Kudelski SA is a Switzerland-based company. It provides digital security and access control solutions. The company's service offering is split into three segments: Digital TV; Cybersecurity, Internet of Things (IoT). The Digital TV segment generates majority of the revenue and provides integrated solutions, which allows digital TV operators and content providers to operate TV services on a secure platform. The company provides its services world-wide and its income is in the form of recurring service revenues predominantly from the United States.

Founded

1951

HQ

Employees

1.9K

Website

nagra.com

Sectors

Security ServicesComputer Hardware

Financials (LTM)

Revenue: $396M

EBITDA: ($5M)

EV

$119M

Valuation Multiples

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Kudelski Financials

Kudelski reported last 12-month revenue of $396M and negative EBITDA of ($5M).

In the same LTM period, Kudelski generated ($5M) in EBITDA losses and had net loss of ($10M).

Kudelski P&L

In the most recent fiscal year, Kudelski reported revenue of $392M and EBITDA of ($6M).

Kudelski expects next 12-month revenue of XXX and NTM EBITDA of XXX

Kudelski Stock Performance

Kudelski has current market cap of $163M, and enterprise value of $119M.

Kudelski's stock price is $1.66.

Kudelski Valuation Multiples

Kudelski trades at 0.3x EV/Revenue multiple, and (26.3x) EV/EBITDA.

Kudelski Financial Valuation Multiples

As of April 17, 2026, Kudelski has market cap of $163M and EV of $119M.

Equity research analysts estimate Kudelski's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Kudelski has a P/E ratio of (16.6x).

Kudelski Margins & Growth Rates

Kudelski's revenue in the last 12 month grew by 3%.

Kudelski's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Kudelski's rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Kudelski's rule of X is 25% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Kudelski Public Comps

See public comps and valuation multiples for other Security Services and Computer Hardware comps.

Kudelski M&A Activity

Kudelski acquired XXX companies to date.

Last acquisition by Kudelski was on XXXXXXXX, XXXXX. Kudelski acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Kudelski Investment Activity

Kudelski invested in XXX companies to date.

Kudelski made its latest investment on XXXXXXXX, XXXXX. Kudelski invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).