🚀 VC round data is live in beta, check it out!
Refuels Valuation Multiples
Discover revenue and EBITDA valuation multiples for Refuels and similar public comparables like Duluth Holdings, The Tile Shop, a.k.a. Brands, Michael Hill International and more.
Refuels Overview
About Refuels
Refuels NV operates as a renewable biomethane supplier for decarbonizing heavy goods vehicles. The company is rolling out a network of stations offering renewable biomethane fuels to heavy goods vehicles, with hydrogen and electricity to be added.
Founded
2022
HQ
Employees
98
Website
Sectors
Financials (LTM)
EV
$122M
Refuels Financials
Refuels reported last 12-month revenue of $66M and EBITDA of $64M.
In the same LTM period, Refuels generated $64M in EBITDA and $46M in net income.
Revenue (LTM)
Refuels P&L
In the most recent fiscal year, Refuels reported revenue of $207M and EBITDA of $2M.
Refuels expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $66M | XXX | $207M | XXX | XXX | XXX |
| EBITDA | $64M | XXX | $2M | XXX | XXX | XXX |
| EBITDA Margin | 97% | XXX | 1% | XXX | XXX | XXX |
| EBIT Margin | 97% | XXX | (0%) | XXX | XXX | XXX |
| Net Profit | $46M | XXX | ($23M) | XXX | XXX | XXX |
| Net Margin | 69% | XXX | (11%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Refuels Stock Performance
Refuels has current market cap of $122M, and enterprise value of $122M.
Market Cap Evolution
Refuels' stock price is $2.02.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $122M | $122M | -0.8% | XXX | XXX | XXX | $-0.38 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialRefuels Valuation Multiples
Refuels trades at 1.8x EV/Revenue multiple, and 1.9x EV/EBITDA.
EV / Revenue (LTM)
Refuels Financial Valuation Multiples
As of April 19, 2026, Refuels has market cap of $122M and EV of $122M.
Equity research analysts estimate Refuels' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Refuels has a P/E ratio of 2.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $122M | XXX | $122M | XXX | XXX | XXX |
| EV (current) | $122M | XXX | $122M | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 1.9x | XXX | 65.3x | XXX | XXX | XXX |
| EV/EBIT | 1.9x | XXX | (133.2x) | XXX | XXX | XXX |
| P/E | 2.7x | XXX | (5.3x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (140.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Refuels 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.
Refuels Margins & Growth Rates
Refuels' revenue in the last 12 month declined by (100%).
Refuels' revenue per employee in the last FY averaged $2.1M, while opex per employee averaged $0.0M for the same period.
Refuels' rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Refuels' rule of X is (79%) (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).
Refuels Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (100%) | XXX | (66%) | XXX | XXX | XXX |
| EBITDA Margin | 97% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Growth | (103%) | XXX | 3515% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 21% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (79%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 2% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Refuels Public Comps
See public comps and valuation multiples for other Specialty Stores comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Refuels | XXX | XXX | XXX | XXX | XXX | XXX |
| Duluth Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| The Tile Shop | XXX | XXX | XXX | XXX | XXX | XXX |
| a.k.a. Brands | XXX | XXX | XXX | XXX | XXX | XXX |
| Michael Hill International | XXX | XXX | XXX | XXX | XXX | XXX |
| America's Car-Mart | 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.
Refuels M&A Activity
Refuels acquired XXX companies to date.
Last acquisition by Refuels was on XXXXXXXX, XXXXX. Refuels acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Refuels
| 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 |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialRefuels Investment Activity
Refuels invested in XXX companies to date.
Refuels made its latest investment on XXXXXXXX, XXXXX. Refuels invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Refuels
| 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Refuels
| When was Refuels founded? | Refuels was founded in 2022. |
| Where is Refuels headquartered? | Refuels is headquartered in United Kingdom. |
| How many employees does Refuels have? | As of today, Refuels has over 98 employees. |
| Is Refuels publicly listed? | Yes, Refuels is a public company listed on Oslo Børs. |
| What is the stock symbol of Refuels? | Refuels trades under REFL ticker. |
| When did Refuels go public? | Refuels went public in 2023. |
| Who are competitors of Refuels? | Refuels main competitors are Duluth Holdings, The Tile Shop, a.k.a. Brands, Michael Hill International. |
| What is the current market cap of Refuels? | Refuels' current market cap is $122M. |
| What is the current revenue of Refuels? | Refuels' last 12 months revenue is $66M. |
| What is the current revenue growth of Refuels? | Refuels revenue growth (NTM/LTM) is (100%). |
| What is the current EV/Revenue multiple of Refuels? | Current revenue multiple of Refuels is 1.8x. |
| Is Refuels profitable? | Yes, Refuels is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Refuels? | Refuels' last 12 months EBITDA is $64M. |
| What is Refuels' EBITDA margin? | Refuels' last 12 months EBITDA margin is 97%. |
| What is the current EV/EBITDA multiple of Refuels? | Current EBITDA multiple of Refuels is 1.9x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.