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Multitude AG, formerly Multitude SE is a European FinTech company that offers digital financial and banking services to both individuals and small and medium-sized businesses. The company's operations are divided into three business units: consumer banking (Ferratum), SME banking (CapitalBox) and wholesale banking (Multitude Bank). These units are supported by an internal Banking-as-a-Service platform. The company operates in nearly 16 different countries.
2005
694
LTM Revenue $266M
LTM EBITDA $76.1M
-$90.8M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Multitude has a last 12-month revenue of $266M and a last 12-month EBITDA of $76.1M.
In the most recent fiscal year, Multitude achieved revenue of $240M and an EBITDA of $50.6M.
Multitude expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Multitude valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $229M | $240M | XXX | XXX | XXX |
| Gross Profit | $169M | $170M | XXX | XXX | XXX |
| Gross Margin | 74% | 71% | XXX | XXX | XXX |
| EBITDA | $34.6M | $50.6M | XXX | XXX | XXX |
| EBITDA Margin | 15% | 21% | XXX | XXX | XXX |
| Net Profit | -$2.8M | $12.9M | XXX | XXX | XXX |
| Net Margin | -1% | 5% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 18, 2025, Multitude's stock price is EUR 5 (or $6).
Multitude has current market cap of EUR 118M (or $126M), and EV of -EUR 84.6M (or -$90.8M).
See Multitude trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| -$90.8M | $126M | XXX | XXX | XXX | XXX | $0.88 |
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Sign UpAs of April 18, 2025, Multitude has market cap of $126M and EV of -$90.8M.
Multitude's trades at -0.3x LTM EV/Revenue multiple, and -1.2x LTM EBITDA.
Analysts estimate Multitude's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Multitude and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | -$90.8M | XXX | XXX | XXX |
| EV/Revenue | -0.4x | XXX | XXX | XXX |
| EV/EBITDA | -1.8x | XXX | XXX | XXX |
| P/E | 7.2x | XXX | XXX | XXX |
| P/E/Growth | 0.3x | XXX | XXX | XXX |
| EV/FCF | -0.6x | 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 UpMultitude's NTM/LTM revenue growth is 8%
Multitude's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Multitude'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 Multitude's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Multitude and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 46% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 29% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 9% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 29% | 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 | |
| Credit Clear | XXX | XXX | XXX | XXX | XXX | XXX |
| Humm Group | XXX | XXX | XXX | XXX | XXX | XXX |
| MoneyMe | XXX | XXX | XXX | XXX | XXX | XXX |
| Plenti Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Pepper Money | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Multitude acquired XXX companies to date.
Last acquisition by Multitude was XXXXXXXX, XXXXX XXXXX XXXXXX . Multitude 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 Multitude founded? | Multitude was founded in 2005. |
| Where is Multitude headquartered? | Multitude is headquartered in Germany. |
| How many employees does Multitude have? | As of today, Multitude has 694 employees. |
| Who is the CEO of Multitude? | Multitude's CEO is Mr. Jorma Jokela. |
| Is Multitude publicy listed? | Yes, Multitude is a public company listed on ETR. |
| What is the stock symbol of Multitude? | Multitude trades under MULT ticker. |
| When did Multitude go public? | Multitude went public in 2015. |
| Who are competitors of Multitude? | Similar companies to Multitude include e.g. Credit Clear, Humm Group, MoneyMe, Plenti Group. |
| What is the current market cap of Multitude? | Multitude's current market cap is $126M |
| What is the current revenue of Multitude? | Multitude's last 12-month revenue is $266M. |
| What is the current EBITDA of Multitude? | Multitude's last 12-month EBITDA is $76.1M. |
| What is the current EV/Revenue multiple of Multitude? | Current revenue multiple of Multitude is -0.3x. |
| What is the current EV/EBITDA multiple of Multitude? | Current EBITDA multiple of Multitude is -1.2x. |
| What is the current revenue growth of Multitude? | Multitude revenue growth between 2023 and 2024 was 5%. |
| Is Multitude profitable? | Yes, Multitude is EBITDA-positive (as of the last 12 months). |
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