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Reply Valuation Multiples

Discover revenue and EBITDA valuation multiples for Reply and similar public comparables like Bravura Solutions, Ctac, and Atturra.

Reply Overview

About Reply

Reply SpA specialises in consulting, digital services, and the integration of processes, applications, and devices. Reply serves clients in the telecommunication and media, banking, insurance, financial, industry and services, energy and utilities, and public administration industries. The company provides its services mainly through platforms such as X-Rais Reply, Discovery Reply, Brick Reply, TamTamy, and SideUp Reply. Reply researches, selects, and markets solutions through channels such as data analysis, digital communication, e-commerce, mobile, and social media. Its business segments are defined based on geographical areas of operation and include Region 1 (including Italy, USA, Brazil, Poland, Romania, and Nanjing), which derives key revenue, Region 2, Region 3, and IoT Incubator.


Founded

1995

HQ

Italy
Employees

16.0K+

Website

reply.com

Financials

LTM Revenue $2.7B

LTM EBITDA $479M

EV

$5.6B

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Reply Financials

Reply has a last 12-month revenue (LTM) of $2.7B and a last 12-month EBITDA of $479M.

In the most recent fiscal year, Reply achieved revenue of $2.6B and an EBITDA of $458M.

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

See Reply valuation multiples based on analyst estimates

Reply P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $2.7B XXX $2.6B XXX XXX XXX
Gross Profit $2.7B XXX $1.2B XXX XXX XXX
Gross Margin 100% XXX 48% XXX XXX XXX
EBITDA $479M XXX $458M XXX XXX XXX
EBITDA Margin 18% XXX 18% XXX XXX XXX
EBIT $395M XXX $419M XXX XXX XXX
EBIT Margin 15% XXX 16% XXX XXX XXX
Net Profit $258M XXX $237M XXX XXX XXX
Net Margin 10% XXX 9% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Reply Stock Performance

As of May 30, 2025, Reply's stock price is EUR 149 (or $167).

Reply has current market cap of EUR 5.5B (or $6.2B), and EV of EUR 5.0B (or $5.6B).

See Reply trading valuation data

Reply Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$5.6B $6.2B XXX XXX XXX XXX $7.17

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Reply Valuation Multiples

As of May 30, 2025, Reply has market cap of $6.2B and EV of $5.6B.

Reply's trades at 2.2x EV/Revenue multiple, and 12.2x EV/EBITDA.

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

Reply has a P/E ratio of 24.1x.

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Reply Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $6.2B XXX $6.2B XXX XXX XXX
EV (current) $5.6B XXX $5.6B XXX XXX XXX
EV/Revenue 2.1x XXX 2.2x XXX XXX XXX
EV/EBITDA 11.6x XXX 12.2x XXX XXX XXX
EV/EBIT 14.1x XXX 13.3x XXX XXX XXX
EV/Gross Profit 2.1x XXX n/a XXX XXX XXX
P/E 24.1x XXX 26.2x XXX XXX XXX
EV/FCF 19.4x XXX 16.5x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Reply Margins & Growth Rates

Reply's last 12 month revenue growth is 9%

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

Reply's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Reply's rule of X is 40% (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 Reply and other 12K+ public comps

Reply Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 9% XXX 9% XXX XXX XXX
EBITDA Margin 18% XXX 18% XXX XXX XXX
EBITDA Growth 8% XXX 13% XXX XXX XXX
Rule of 40 25% XXX 27% XXX XXX XXX
Bessemer Rule of X XXX XXX 40% XXX XXX XXX
Revenue per Employee XXX XXX $0.2M XXX XXX XXX
Opex per Employee XXX XXX $0.1M 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 31% XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

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Reply Public Comps

See public comps and valuation multiples for IT Consulting comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
XXX XXX XXX XXX XXX XXX
Ctac XXX XXX XXX XXX XXX XXX
Mastech Digital XXX XXX XXX XXX XXX XXX
Atturra XXX XXX XXX XXX XXX XXX
Bravura Solutions 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.

Reply M&A and Investment Activity

Reply acquired  XXX companies to date.

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

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Latest Acquisitions by Reply

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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About Reply

When was Reply founded? Reply was founded in 1995.
Where is Reply headquartered? Reply is headquartered in Italy.
How many employees does Reply have? As of today, Reply has 16.0K+ employees.
Who is the CEO of Reply? Reply's CEO is Ms. Tatiana Rizzante.
Is Reply publicy listed? Yes, Reply is a public company listed on MIL.
What is the stock symbol of Reply? Reply trades under REY ticker.
When did Reply go public? Reply went public in 2000.
Who are competitors of Reply? Similar companies to Reply include e.g. , Ctac, Mastech Digital, Atturra.
What is the current market cap of Reply? Reply's current market cap is $6.2B
What is the current revenue of Reply? Reply's last 12 months revenue is $2.7B.
What is the current revenue growth of Reply? Reply revenue growth (NTM/LTM) is 9%.
What is the current EV/Revenue multiple of Reply? Current revenue multiple of Reply is 2.1x.
Is Reply profitable? Yes, Reply is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Reply? Reply's last 12 months EBITDA is $479M.
What is Reply's EBITDA margin? Reply's last 12 months EBITDA margin is 18%.
What is the current EV/EBITDA multiple of Reply? Current EBITDA multiple of Reply is 11.6x.
What is the current FCF of Reply? Reply's last 12 months FCF is $287M.
What is Reply's FCF margin? Reply's last 12 months FCF margin is 11%.
What is the current EV/FCF multiple of Reply? Current FCF multiple of Reply is 19.4x.

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