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Netcompany Valuation Multiples

Discover revenue and EBITDA valuation multiples for Netcompany and similar public comparables like Tata Technologies, Tieto, Dentsu Soken, Biprogy and more.

Netcompany Overview

About Netcompany

Netcompany Group AS is an information technology services company. The company is engaged in delivering business-critical IT solutions to large Public and Private sector customers and supporting them in their digital transformation journeys. Its offerings include software solutions and digital platforms such as Pulse, Easley AI and Solon Tax among others. The company's business segments are Denmark, SEE & EUI, the United Kingdom, Norway, the Netherlands and Banking Services. It generates the majority of revenue from the Denmark segment.


Founded

2000

HQ

Denmark

Employees

8.9K

Financials (LTM)

Revenue: $1B
EBITDA: $216M

EV

$3B

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Netcompany Financials

Netcompany reported last 12-month revenue of $1B and EBITDA of $216M.

In the same LTM period, Netcompany generated $345M in gross profit, $216M in EBITDA, and $72M in net income.

Revenue (LTM)


Netcompany P&L

In the most recent fiscal year, Netcompany reported revenue of $1B and EBITDA of $193M.

Netcompany is profitable as of last fiscal year, with gross margin of 28%, EBITDA margin of 15%, and net margin of 3%.

See analyst estimates for Netcompany
LTMLast FY202320242025202620272028
Revenue$1B$1B$951M$1B$1B
Gross Profit$345M$347M$266M$298M$347M
Gross Margin26%28%28%29%28%
EBITDA$216M$193M$136M$166M$144M
EBITDA Margin16%15%14%16%12%
EBIT Margin13%12%10%12%12%
Net Profit$72M$41M$47M$74M$40M
Net Margin5%3%5%7%3%
Net Debt$364M

Financial data powered by Morningstar, Inc.

Netcompany Stock Performance

Netcompany has current market cap of $3B, and enterprise value of $3B.

Market Cap Evolution


Netcompany's stock price is $58.99.

Netcompany share price increased by 4.4% in the last 30 days, and by 25.4% in the last year.

Netcompany has an EPS (earnings per share) of $0.90.

See more trading valuation data for Netcompany
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$3B$3B-1.0%4.4%15.5%25.4%$0.90

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Netcompany Valuation Multiples

Netcompany trades at 2.4x EV/Revenue multiple, and 14.7x EV/EBITDA.

See NTM and 2027E valuation multiples for Netcompany

EV / Revenue (LTM)


Netcompany Financial Valuation Multiples

As of May 6, 2026, Netcompany has market cap of $3B and EV of $3B.

Netcompany has a P/E ratio of 37.0x.

LTMLast FY202320242025202620272028
EV/Revenue2.4x2.5x3.3x3.1x2.6x
EV/EBITDA14.7x16.4x23.4x19.1x22.1x
EV/EBIT18.9x21.0x35.1x25.6x22.2x
EV/Gross Profit9.2x9.2x11.9x10.7x9.2x
P/E37.0x65.4x55.9x36.1x66.0x
EV/FCF58.4x57.1x36.8x24.7x57.1x

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

Verified Netcompany 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.

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Netcompany Margins & Growth Rates

Netcompany grew revenue by 17% and EBITDA by 34% in the last fiscal year.

In the most recent fiscal year, Netcompany reported gross margin of 28%, EBITDA margin of 15%, and net margin of 3%.

See estimated margins and future growth rates for Netcompany

Netcompany Margins

Last FY202420252026202720282029
Gross Margin28%29%28%27%
EBITDA Margin15%16%12%18%
EBIT Margin12%12%12%14%
Net Margin3%7%3%9%
FCF Margin4%13%5%8%

Netcompany Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth17%8%21%18%
Gross Profit Growth15%12%16%15%
EBITDA Growth34%22%(13%)80%
EBIT Growth31%37%16%39%
Net Profit Growth223%55%(45%)226%
FCF Growth116%49%(57%)116%

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

Netcompany Operational KPIs

Netcompany's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

Netcompany's Rule of 40 is 36% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Netcompany's Rule of X is 64% (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).

Access forward-looking KPIs for Netcompany
LTMLast FY202320242025202620272028
Rule of 4030%36%
Bessemer Rule of X50%64%
Revenue per Employee$0.1M
Opex per Employee$0.0M
S&M Expenses to Revenue1%1%1%0%0%
G&A Expenses to Revenue11%11%7%6%5%
Opex to Revenue16%19%17%16%

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

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Netcompany Competitors

Netcompany competitors include Tata Technologies, Tieto, Dentsu Soken, Biprogy, Also Holding, Tata Elxsi, ArcSoft, Netweb Technologies India, Hexaware Technologies and OBIC Business Consultants.

Most Netcompany public comparables operate across IT Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Tata Technologies4.5x4.4x26.1x27.9x
Tieto1.4x1.4x7.1x9.2x
Dentsu Soken2.5x2.4x14.8x14.6x
Biprogy1.1x1.0x7.9x7.2x
Also Holding0.1x0.1x6.1x5.9x
Tata Elxsi6.6x6.4x26.5x28.1x
ArcSoft16.5x15.7x48.1x51.3x
Netweb Technologies India10.7x9.8x77.3x73.4x

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Netcompany M&A Activity

Netcompany has acquired 4 companies to date.

Last acquisition by Netcompany was on February 10th 2025. Netcompany acquired SDC for $145M (EV/Revenue multiple of ).

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Latest Acquisitions by Netcompany

SDC
INTRASOFT International
QDelft
Hunter Macdonald
Description
SDC is a Danish IT services provider based in Copenhagen, originally formed in 1963 from savings banks' data centers. Operating facilities in Copenhagen, Aarhus, and Odense, it processes electronic banking for 100 Danish financial institutions. Handling millions of transactions daily, it focuses on core banking systems, payment processing, and cybersecurity compliance.
INTRASOFT International is a Luxembourg-headquartered IT solutions provider serving public and private organizations across Europe, Africa, and the Middle East. Established in 1996 as part of INTRACOM Holdings, the company operates in 13 countries including Belgium, Cyprus, Greece, and the UAE through branches and subsidiaries. INTRASOFT delivers enterprise software for banking, public administration, and justice sectors, such as core banking systems and e-government platforms. Its teams support projects for the European Commission and national governments, emphasizing digital transformation initiatives.
QDelft is a Delft, Netherlands-based IT consultancy delivering custom software for government, healthcare, education, transport, and logistics sectors. The company develops applications using Java, .NET, and cloud platforms for clients like Dutch ministries and hospitals. Established in 2009, QDelft manages long-term maintenance contracts and integrates systems with national infrastructures like DigiD authentication.
Hunter Macdonald is a London-based IT services provider delivering program management, application development, cloud migration, and service operations to FTSE 100 clients in finance, energy, and government sectors. The company has grown revenue to over £100 million annually with 500 employees across UK and India offices. It secured contracts with organizations like Barclays and the NHS, earning awards from Deloitte Fast 50. Founded in 2006, Hunter Macdonald specializes in Salesforce implementations and AWS migrations.
HQ CountryDenmarkLuxembourgNetherlandsUnited Kingdom
HQ City
Copenhagen
Luxembourg
Delft
Reading
Deal Date10 Feb 20258 Oct 202113 May 201917 Oct 2017
Valuation$145M$254M$5Mundisclosed
EV/Revenue
EV/EBITDA

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About Netcompany

When was Netcompany founded?Netcompany was founded in 2000.
Where is Netcompany headquartered?Netcompany is headquartered in Denmark.
How many employees does Netcompany have?As of today, Netcompany has over 8K employees.
Who is the CEO of Netcompany?Netcompany's CEO is Andre Rogaczewski.
Is Netcompany publicly listed?Yes, Netcompany is a public company listed on Nasdaq Copenhagen.
What is the stock symbol of Netcompany?Netcompany trades under NETC ticker.
When did Netcompany go public?Netcompany went public in 2018.
Who are competitors of Netcompany?Netcompany main competitors include Tata Technologies, Tieto, Dentsu Soken, Biprogy, Also Holding, Tata Elxsi, ArcSoft, Netweb Technologies India, Hexaware Technologies, OBIC Business Consultants.
What is the current market cap of Netcompany?Netcompany's current market cap is $3B.
What is the current revenue of Netcompany?Netcompany's last 12 months revenue is $1B.
What is the current revenue growth of Netcompany?Netcompany revenue growth (NTM/LTM) is 13%.
What is the current EV/Revenue multiple of Netcompany?Current revenue multiple of Netcompany is 2.4x.
Is Netcompany profitable?Yes, Netcompany is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Netcompany?Netcompany's last 12 months EBITDA is $216M.
What is Netcompany's EBITDA margin?Netcompany's last 12 months EBITDA margin is 16%.
What is the current EV/EBITDA multiple of Netcompany?Current EBITDA multiple of Netcompany is 14.7x.
What is the current FCF of Netcompany?Netcompany's last 12 months FCF is $54M.
What is Netcompany's FCF margin?Netcompany's last 12 months FCF margin is 4%.
What is the current EV/FCF multiple of Netcompany?Current FCF multiple of Netcompany is 58.4x.
How many companies Netcompany has acquired to date?As of May 2026, Netcompany has acquired 4 companies.
What was the largest acquisition by Netcompany?$254M acquisition of INTRASOFT International on 8th October 2021 was the largest M&A Netcompany has done to date.
What companies Netcompany acquired?Netcompany acquired INTRASOFT International, SDC, QDelft, and Hunter Macdonald.
In how many companies Netcompany has invested to date?Netcompany hasn't invested in any companies yet (or none have been disclosed publicly).

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