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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.
2022
91
LTM Revenue $2.4B
LTM EBITDA $26.0M
$134M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Refuels has a last 12-month revenue (LTM) of $2.4B and a last 12-month EBITDA of $26.0M.
In the most recent fiscal year, Refuels achieved revenue of $15.0M and an EBITDA of $0.1M.
Refuels expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Refuels valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.4B | XXX | $15.0M | XXX | XXX | XXX |
| Gross Profit | $2.4B | XXX | $1.7M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 11% | XXX | XXX | XXX |
| EBITDA | $26.0M | XXX | $0.1M | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| EBIT | -$5.8M | XXX | -$0.1M | XXX | XXX | XXX |
| EBIT Margin | 0% | XXX | -1% | XXX | XXX | XXX |
| Net Profit | -$244M | XXX | -$1.7M | XXX | XXX | XXX |
| Net Margin | -10% | XXX | -11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $2.6M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Refuels's stock price is NOK 16 (or $2).
Refuels has current market cap of NOK 975M (or $95.3M), and EV of NOK 1.4B (or $134M).
See Refuels trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $134M | $95.3M | XXX | XXX | XXX | XXX | $-0.28 |
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Start Free TrialAs of May 30, 2025, Refuels has market cap of $95.3M and EV of $134M.
Refuels's trades at 9.7x EV/Revenue multiple, and -538.4x EV/EBITDA.
Equity research analysts estimate Refuels's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Refuels has a P/E ratio of -5.4x.
See valuation multiples for Refuels and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $95.3M | XXX | $95.3M | XXX | XXX | XXX |
| EV (current) | $134M | XXX | $134M | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | 9.7x | XXX | XXX | XXX |
| EV/EBITDA | 71.1x | XXX | -538.4x | XXX | XXX | XXX |
| EV/EBIT | -317.0x | XXX | -253.5x | XXX | XXX | XXX |
| EV/Gross Profit | 0.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | -5.4x | XXX | -54.1x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -311.1x | 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.
Start Free TrialRefuels's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $20K for the same period.
Refuels's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Refuels's rule of X is 1% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Refuels and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | -2% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 1% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $20K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 12% | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC | XXX | XXX | XXX | XXX | XXX | XXX |
| Lulu Retail | XXX | XXX | XXX | XXX | XXX | XXX |
| Envela | XXX | XXX | XXX | XXX | XXX | XXX |
| Adairs | XXX | XXX | XXX | XXX | XXX | XXX |
| Eagers Automotive | 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 acquired XXX companies to date.
Last acquisition by Refuels was XXXXXXXX, XXXXX XXXXX XXXXXX . Refuels 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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Refuels founded? | Refuels was founded in 2022. |
| Where is Refuels headquartered? | Refuels is headquartered in Norway. |
| How many employees does Refuels have? | As of today, Refuels has 91 employees. |
| Is Refuels publicy listed? | Yes, Refuels is a public company listed on OSL. |
| 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? | Similar companies to Refuels include e.g. ADNOC, Lulu Retail, Envela, Adairs. |
| What is the current market cap of Refuels? | Refuels's current market cap is $95.3M |
| What is the current revenue of Refuels? | Refuels's last 12 months revenue is $2.4B. |
| What is the current EV/Revenue multiple of Refuels? | Current revenue multiple of Refuels is 0.8x. |
| Is Refuels profitable? | Yes, Refuels is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Refuels? | Refuels's last 12 months EBITDA is $26.0M. |
| What is Refuels's EBITDA margin? | Refuels's last 12 months EBITDA margin is 1%. |
| What is the current EV/EBITDA multiple of Refuels? | Current EBITDA multiple of Refuels is 71.1x. |
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