PICS - PicS N.V.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$16.75
DETAILS
HIGH:
$20.00
LOW:
$15.00
MEDIAN:
$16.00
CONSENSUS:
$16.75
UPSIDE:
88.63%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | 10,277.8 | 5,185.3 | 3,073.2 | 3,023.8 | 1,223.8 |
| Cost of Revenue | 4,976.4 | 2,297.8 | 1,219.0 | 1,259.6 | 445.4 |
| Gross Profit | 5,222.4 | 2,887.5 | 1,854.2 | 1,764.2 | 778.4 |
| Operating Expenses | |||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 2,247.8 | 1,638.0 | 1,313.2 | 1,561.6 | 1,748.3 |
| Other Expenses | 1,875.6 | 903.5 | 539.3 | 901.5 | 930.5 |
| Operating Expenses | 4,123.4 | 2,541.5 | 1,852.5 | 2,463.1 | 2,678.9 |
| Operating Income | |||||
| Operating Income | 4,040.4 | 346.0 | 1.7 | (698.9) | (1,900.5) |
| Interest Expense | 3,463.6 | 1,410.8 | 1,204.7 | 1,259.6 | 445.4 |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||
| EBITDA | 753.9 | 638.9 | 171.1 | (624.5) | (1,851.1) |
| EBIT | 311.1 | 346.0 | 1.7 | (698.9) | (1,900.5) |
| Income Before Tax | 317.3 | 346.0 | 1.7 | (698.9) | (1,900.5) |
| Income Tax Expense | (824.3) | 94.2 | (35.7) | (6.0) | (0.4) |
| Net Income | 1,091.5 | 217.6 | 34.5 | (45.7) | (1,558.0) |
| Per Share Data | |||||
| EPS (Basic) | 8.42 | 1.68 | 0.27 | -0.35 | -12.02 |
| EPS (Diluted) | 8.42 | 1.68 | 0.27 | -0.35 | -12.02 |
| Shares Outstanding | 129.6 | 129.6 | 129.6 | 129.6 | 129.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Current Assets | |||||
| Cash & Cash Equivalents | 5,698.9 | 2,780.3 | 4,522.1 | 134.6 | 149.4 |
| Short-Term Investments | 978.3 | 3,099.1 | 2,574.9 | 829.8 | 1,856.3 |
| Net Receivables | 5,756.7 | 5,192.9 | 4,065.0 | 3,685.0 | 2,678.3 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | (12,707.6) | 0 | 0 | 0 | 0 |
| Total Current Assets | 0 | 11,214.1 | 11,239.9 | 4,695.6 | 4,710.8 |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 146.2 | 117.4 | 78.8 | 79.7 | 95.1 |
| Goodwill | 50.5 | 50.5 | 50.5 | 45.2 | 45.2 |
| Intangible Assets | 1,088.3 | 876.9 | 718.2 | 364.7 | 208.5 |
| Long-Term Investments | 5,934.1 | 9,678.2 | 737.2 | 740.0 | 0.0 |
| Other Non-Current Assets | (7,219.1) | 4,814.4 | 2,865.0 | 6,230.8 | 4,638.5 |
| Total Non-Current Assets | 0 | 16,103.6 | 4,543 | 7,467.3 | 4,987.3 |
| Total Assets | 41,986.1 | 27,317.7 | 15,782.9 | 12,162.9 | 9,698.1 |
| Current Liabilities | |||||
| Account Payables | 5,497.1 | 3,365.3 | 648.6 | 386.0 | 324.0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | (6,334.3) | 20,204.0 | 13,312.3 | 10,172.6 | 6,510.2 |
| Total Current Liabilities | 0 | 23,578.7 | 13,969.2 | 10,565.8 | 6,840.6 |
| Non-Current Liabilities | |||||
| Long-Term Debt | 815.6 | 704.8 | 0 | 0 | 2,191.9 |
| Deferred Tax Liabilities | 37.8 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | (887.9) | 1,226.6 | 559.9 | 389.1 | 237.8 |
| Total Non-Current Liabilities | 0 | 1,975.1 | 610.2 | 434.9 | 2,482.1 |
| Total Liabilities | 38,096.2 | 25,553.8 | 14,579.4 | 11,000.7 | 9,322.8 |
| Stockholders' Equity | |||||
| Common Stock | 0 | 0 | 1.7 | 1.7 | 0.3 |
| Retained Earnings | 1,148.0 | 224.6 | (1,167.1) | (1,201.6) | (1,156.0) |
| Accumulated Other Comprehensive Income | 134.8 | (22.6) | 723.8 | 719.9 | 500.7 |
| Total Stockholders' Equity | 3,872.8 | 1,608.6 | 1,308.0 | 1,269.5 | 239.9 |
| Total Liabilities & Equity | 41,986.1 | 27,317.7 | 15,782.9 | 12,162.9 | 9,698.1 |
| Debt Metrics | |||||
| Total Debt | 860.7 | 757.9 | 58.7 | 53.0 | 2,250.8 |
| Net Debt | (4,838.1) | (2,022.4) | (4,463.4) | (81.6) | 2,101.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 1,141.6 | 251.8 | 37.4 | (692.9) | (1,900.1) |
| Depreciation & Amortization | 442.8 | 292.9 | 169.4 | 74.4 | 49.4 |
| Stock-Based Compensation | 205.6 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (3,794.4) | 2,872.1 | 2,852.0 | 8,677.7 | (1,133.2) |
| Other Non-Cash Items | (910.7) | (1,220.4) | (1,456.1) | (719.4) | 477.9 |
| Operating Cash Flow | (3,739.3) | 2,290.5 | 1,567.0 | 7,339.8 | (2,506.0) |
| Investing Activities | |||||
| Capital Expenditure | (684.3) | (582.1) | (502.1) | (217.8) | (243.9) |
| Acquisitions | 0 | (1,815) | (35.0) | 154.5 | (54.8) |
| Purchases of Investments | 0 | (128.0) | 0 | 0 | (0.0) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0.0 | 0 |
| Other Investing Activities | (616.7) | (521.2) | (497.4) | (212.4) | (219.1) |
| Investing Cash Flow | (684.3) | (2,525.1) | (537.1) | (63.2) | (298.7) |
| Financing Activities | |||||
| Net Debt Issuance | (8.0) | (8.4) | (12.2) | (2,371.8) | 1,193.9 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (360) | 230 | 0 | 1,248.2 | 1,366.1 |
| Financing Cash Flow | 815.4 | 327.2 | (12.2) | (1,064.5) | 2,842.1 |
| Cash Position | |||||
| Net Change in Cash | (3,608.3) | 92.6 | 1,017.6 | 6,212.1 | 37.4 |
| Cash at Beginning | 7,471.7 | 7,379.0 | 6,361.4 | 149.3 | 111.9 |
| Cash at End | 3,863.4 | 7,471.7 | 7,379.0 | 6,361.4 | 149.3 |
| Free Cash Flow | (4,423.7) | 1,708.5 | 1,064.9 | 7,122.0 | (2,749.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 10,277.8 | 5,185.3 | 3,073.2 | 3,023.8 | 1,223.8 |
| Gross Profit | 5,222.4 | 2,887.5 | 1,854.2 | 1,764.2 | 778.4 |
| Operating Income | 4,040.4 | 346.0 | 1.7 | (698.9) | (1,900.5) |
| Net Income | 1,091.5 | 217.6 | 34.5 | (45.7) | (1,558.0) |
| EPS (Diluted) | 8.42 | 1.68 | 0.27 | -0.35 | -12.02 |
| Balance Sheet | |||||
| Cash & Equivalents | 5,698.9 | 2,780.3 | 4,522.1 | 134.6 | 149.4 |
| Total Assets | 41,986.1 | 27,317.7 | 15,782.9 | 12,162.9 | 9,698.1 |
| Total Debt | 860.7 | 757.9 | 58.7 | 53.0 | 2,250.8 |
| Stockholders' Equity | 3,872.8 | 1,608.6 | 1,308.0 | 1,269.5 | 239.9 |
| Cash Flow | |||||
| Operating Cash Flow | (3,739.3) | 2,290.5 | 1,567.0 | 7,339.8 | (2,506.0) |
| Capital Expenditure | (684.3) | (582.1) | (502.1) | (217.8) | (243.9) |
| Free Cash Flow | (4,423.7) | 1,708.5 | 1,064.9 | 7,122.0 | (2,749.8) |