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 | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 4,121.7 | 3,512.4 | 3,014.1 | 2,624.0 | 2,321.5 | 1,446.8 | 1,674.3 | 1,307.6 | 1,166.5 | 1,136.5 | 951.9 | 941.7 | 802.3 | 778.0 |
| Cost of Revenue | 486.0 | 497.3 | 1,456.1 | 1,643.8 | 1,451.3 | 0 | 910.1 | 536.1 | 433.6 | 305.8 | 816.0 | 118.9 | 141.5 | 142.6 |
| Gross Profit | 3,635.7 | 3,015.1 | 1,656.6 | 980.2 | 870.2 | 1,446.8 | 764.2 | 771.5 | 732.9 | 830.7 | (264.9) | 822.8 | 660.8 | 635.5 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 238.7 | 208.7 | 0 | 0 | 0 | 0 | 0 | 0 | 94.5 | 176.2 | 85.4 | 31.7 | 80.9 |
| SG&A Expenses | 701.9 | 628.1 | 760.1 | 506.3 | 511.7 | 477.7 | 464.2 | 360.3 | 406.6 | 447.4 | 415.7 | 340.2 | 377.8 | 338.3 |
| Other Expenses | 1,243.2 | 637.2 | (622.5) | 306.0 | 252.4 | 969.1 | 237.2 | 288.2 | 217.1 | 0 | 6.2 | 0 | 0 | 0 |
| Operating Expenses | 1,945.2 | 1,504.0 | 346.3 | 812.3 | 764.2 | 1,446.8 | 701.5 | 648.5 | 623.6 | 541.9 | 598.2 | 425.6 | 409.5 | 419.3 |
| Operating Income | ||||||||||||||
| Operating Income | 292.7 | 1,511.1 | 1,032.0 | 167.9 | 106.1 | 0 | 62.8 | 123.0 | 109.3 | 288.8 | (30.3) | 397.2 | 251.3 | 216.2 |
| Interest Expense | 1,501.6 | 915.5 | 983.9 | 1,010.4 | 836.6 | 639.9 | 426.6 | 345.4 | 319.4 | 322.5 | 288.1 | 305.2 | 300.1 | 277.6 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||
| EBITDA | 395.8 | 1,583.8 | 83.2 | 282.9 | 213.2 | 0 | 180.9 | 208.5 | 170.1 | 444.5 | 35.0 | 398.2 | 313.3 | 318.9 |
| EBIT | 274.5 | 1,465.4 | (33.8) | 167.9 | 106.1 | 0 | 62.8 | 123.0 | 109.3 | 383.1 | (30.3) | 346.9 | 282.9 | 297.1 |
| Income Before Tax | 268.4 | 221.7 | (33.2) | 167.9 | 106.1 | 76.6 | 62.8 | 123.0 | 109.3 | 51.0 | (30.3) | 20.6 | 6.7 | 4.9 |
| Income Tax Expense | (0.6) | 70.0 | (861.1) | 62.5 | (14.2) | (11.5) | (17.1) | 12.8 | 52.7 | 45.8 | (55.9) | 11.2 | 4.6 | 4.5 |
| Net Income | 269.0 | 151.4 | 821.1 | 93.3 | 104.1 | 88.1 | 66.7 | 94.4 | 51.7 | 4.8 | 23.4 | 8.7 | 2.0 | 0.3 |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 2.08 | 1.17 | 6.34 | 0.72 | 0.80 | 0.68 | 0.51 | 0.73 | 0.40 | 0.14 | 0.68 | – | – | – |
| EPS (Diluted) | 2.08 | 1.17 | 6.34 | 0.72 | 0.80 | 0.68 | 0.51 | 0.73 | 0.40 | 0.14 | 0.68 | – | – | – |
| Shares Outstanding | 129.6 | 129.6 | 129.6 | 129.6 | 129.6 | 129.6 | 129.6 | 129.6 | 129.6 | 34.2 | 34.3 | 0 | 0 | 0 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 2,096.2 | 6,715.4 | 5,698.9 | 5,500.1 | 3,582.3 | 1,595 | 2,780.3 | 2,239.4 | 5,005.8 | 5,105.3 | 4,522.1 | 7,101.4 |
| Short-Term Investments | 3,324.9 | 2,228.0 | 978.3 | 3,996.3 | 5,112.1 | 1,591.7 | 3,099.1 | 1,577.2 | 0 | 0 | 2,574.9 | 0 |
| Net Receivables | 31,203.3 | 5,182.1 | 5,756.7 | 5,539.7 | 6,215.9 | 17,636.5 | 5,192.9 | 4,661.5 | 9,035.2 | 6,593.8 | 4,065.0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 4,115.9 | (14,358.5) | (12,707.6) | 0 | 0 | (20,823.2) | 0 | 0 | 1,036.2 | 1,153.4 | 5.7 | (7,101.4) |
| Total Current Assets | 41,023.7 | 0 | 0 | 15,296.5 | 15,142.2 | 0 | 11,214.1 | 8,592.4 | 16,205.6 | 14,271.1 | 11,239.9 | 0 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 147.6 | 141.9 | 146.2 | 146.8 | 148.8 | 112.8 | 117.4 | 103.5 | 90.1 | 83.3 | 78.8 | 0 |
| Goodwill | 50.5 | 50.5 | 50.5 | 50.5 | 50.5 | 50.9 | 50.5 | 50.5 | 50.5 | 50.5 | 50.5 | 0 |
| Intangible Assets | 1,228.2 | 1,137.2 | 1,088.3 | 1,068.8 | 993.2 | 961.4 | 876.9 | 806.1 | 766.7 | 788.6 | 718.2 | 0 |
| Long-Term Investments | 6,915.4 | 5,730.2 | 5,934.1 | 17,251.8 | 14,242.8 | 0 | 9,678.2 | 9,349.3 | 2,238.6 | 2,077.5 | 737.2 | 0 |
| Other Non-Current Assets | 453.2 | (7,059.8) | (7,219.1) | 2,511.6 | 2,471.7 | (1,894.3) | 4,814.4 | 2,698.2 | 245.4 | 155.2 | 2,958.3 | 0 |
| Total Non-Current Assets | 11,066.5 | 0 | 0 | 22,322.6 | 18,948.6 | 0 | 16,103.6 | 13,319.0 | 3,391.3 | 3,155.2 | 4,543 | 0 |
| Total Assets | 52,090.2 | 46,743.4 | 41,986.1 | 37,619.1 | 34,090.8 | 29,814.3 | 27,317.7 | 21,911.4 | 19,596.9 | 17,426.3 | 15,782.9 | 0 |
| Current Liabilities | ||||||||||||
| Account Payables | 6,536.4 | 5,813.7 | 5,497.1 | 4,475.8 | 4,801.4 | 0 | 3,365.3 | 2,580.5 | 2,232.7 | 2,019.1 | 646.7 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | (7,563.2) | (6,367.4) | (6,334.3) | 27,752.9 | 24,769.1 | 5,413.4 | 20,204.0 | 16,710.5 | 229.6 | 113.1 | 12,774.2 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 32,228.7 | 29,570.5 | 5,413.4 | 23,578.7 | 19,291.0 | 2,950.6 | 2,597.1 | 13,969.2 | 0 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 35,775.9 | 722.3 | 815.6 | 789.0 | 756.8 | 21,423.3 | 704.8 | 0 | 19.6 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 21.7 | 52.8 | 37.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9,950.5 | (775.1) | (887.9) | 1,643.9 | 1,191.5 | (21,474.5) | 1,226.6 | 962.2 | 15,206.3 | 13,562.5 | 559.9 | (1,162.2) |
| Total Non-Current Liabilities | 45,788.1 | 0 | 0 | 2,479.1 | 1,996.8 | 0 | 1,975.1 | 1,015.5 | 15,281.3 | 13,619.9 | 610.2 | (1,162.2) |
| Total Liabilities | 45,788.1 | 40,660.9 | 38,096.2 | 34,707.7 | 31,567.3 | 27,570.8 | 25,553.8 | 20,306.5 | 18,231.9 | 16,216.9 | 14,579.4 | (1,162.2) |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 | 0 |
| Retained Earnings | 1,582.2 | 1,301.2 | 1,148.0 | 495.0 | 403.7 | 301.9 | 224.6 | 157.9 | 63.5 | 11.9 | (1,167.1) | 0 |
| Accumulated Other Comprehensive Income | 102.0 | 140.0 | 134.8 | 3.9 | (17.7) | (19.0) | (22.6) | (3.6) | (0.3) | 0.5 | 723.8 | 1,269.5 |
| Total Stockholders' Equity | 6,299.4 | 6,063.6 | 3,872.8 | 2,709.0 | 2,338.3 | 2,073.3 | 1,608.6 | 1,459.1 | 1,364.2 | 1,313.4 | 1,308.0 | 1,162.2 |
| Total Liabilities & Equity | 52,090.2 | 46,743.4 | 41,986.1 | 37,619.1 | 34,090.8 | 29,814.3 | 27,317.7 | 21,911.4 | 19,596.9 | 17,426.3 | 15,782.9 | 0 |
| Debt Metrics | ||||||||||||
| Total Debt | 35,815.8 | 764.8 | 860.7 | 835.1 | 805.3 | 21,474.5 | 757.9 | 53.2 | 76.7 | 57.4 | 58.7 | 0 |
| Net Debt | 33,719.6 | (5,950.5) | (4,838.1) | (4,665.0) | (2,777.0) | 19,879.5 | (2,022.4) | (2,186.2) | (4,929.0) | (5,048.0) | (4,463.4) | (7,101.4) |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | 276.3 | 151.7 | 827.8 | 105.4 | 104.8 | 88.1 | 141.8 | 94.4 | 51.7 | 4.8 | 23.4 | 8.7 | 2.0 | 0.3 |
| Depreciation & Amortization | 121.3 | 118.4 | 117.0 | 114.9 | 107.1 | 103.7 | 118.1 | 85.5 | 60.8 | 61.4 | 65.3 | 51.3 | 30.5 | 21.9 |
| Stock-Based Compensation | 0 | 26.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 4,624.5 | (447.2) | (1,950.7) | 751.2 | 3,877.0 | (3,046.8) | (2,922.3) | 103.2 | 374.1 | (1,357.8) | 558.1 | 1,320.9 | 948.6 | (369.0) |
| Other Non-Cash Items | (384.7) | 19.6 | (644.3) | 285.8 | (552.6) | 204.9 | 1,963.4 | (353.8) | (550.5) | 971.7 | (126.0) | (175.6) | (465.8) | (327.6) |
| Operating Cash Flow | 4,637.4 | (260.7) | (2,511.3) | 1,319.8 | 3,536.4 | (2,661.6) | (773.5) | (70.7) | (63.9) | (319.9) | 520.9 | 1,205.3 | 515.2 | (674.4) |
| Investing Activities | ||||||||||||||
| Capital Expenditure | (19.4) | (162.9) | (137.9) | (187.9) | (44.1) | (175.5) | (141.7) | (17.2) | (11.9) | (9.2) | 25.5 | (28.4) | (1.6) | (0.1) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 1,815 | 0 | 0 | (1,815) | 0 | 0 | 0 | (35.0) |
| Purchases of Investments | 0 | 0 | 0 | 0 | (23.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | (292.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (3,446.6) | (154.8) | (125.8) | (178.0) | (3,398.2) | (173.7) | (3,624.0) | (117.8) | (122.4) | (126.3) | (129.2) | (158.3) | (115.8) | (94.2) |
| Investing Cash Flow | (3,966.3) | (162.9) | (137.9) | (187.9) | (3,606.1) | (175.5) | (1,826.3) | (135.0) | (134.3) | (1,950.5) | (103.7) | (186.7) | (117.4) | (129.3) |
| Financing Activities | ||||||||||||||
| Net Debt Issuance | 0 | (2.6) | (0.9) | (2.4) | 0 | (2.3) | 2.8 | (3.3) | (3.3) | (3.3) | (3.2) | (3.1) | (2.9) | (3.1) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (2.8) | 0 | (360) | (0.4) | (2.4) | 0 | (692.9) | 131.9 | 101.8 | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 37.3 | 2,038.3 | 18.9 | 255.4 | 174.4 | 367.9 | 109.7 | 128.7 | 98.6 | (3.3) | (3.2) | (3.1) | (2.9) | (3.1) |
| Cash Position | ||||||||||||||
| Net Change in Cash | 539.7 | 1,614.6 | (2,630.3) | 1,387.3 | (263.6) | (2,469.2) | 190.6 | (77.1) | (99.6) | (2,273.7) | 414.0 | 1,015.5 | 394.9 | 5,554.6 |
| Cash at Beginning | 1,556.5 | 3,863.4 | 6,493.7 | 5,106.4 | 1,517.3 | 7,471.7 | 4,928.7 | 5,005.8 | 5,105.3 | 7,379.0 | 6,965.0 | 5,949.6 | 5,554.6 | 0 |
| Cash at End | 2,096.2 | 5,478.0 | 3,863.4 | 6,493.7 | 1,253.7 | 5,002.5 | 7,471.7 | 4,928.7 | 5,005.8 | 5,105.3 | 7,379.0 | 6,965.0 | 5,949.6 | 5,554.6 |
| Free Cash Flow | 4,618.0 | (423.7) | (2,649.2) | 1,131.9 | 3,492.2 | (2,837.1) | (915.1) | (88.0) | (75.8) | (329.1) | 546.4 | 1,176.8 | 513.6 | (674.5) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 4,121.7 | 3,512.4 | 3,014.1 | 2,624.0 | 2,321.5 | 1,446.8 | 1,674.3 | 1,307.6 | 1,166.5 | 1,136.5 | 951.9 | 941.7 | 802.3 | 778.0 |
| Gross Profit | 3,635.7 | 3,015.1 | 1,656.6 | 980.2 | 870.2 | 1,446.8 | 764.2 | 771.5 | 732.9 | 830.7 | (264.9) | 822.8 | 660.8 | 635.5 |
| Operating Income | 292.7 | 1,511.1 | 1,032.0 | 167.9 | 106.1 | 0 | 62.8 | 123.0 | 109.3 | 288.8 | (30.3) | 397.2 | 251.3 | 216.2 |
| Net Income | 269.0 | 151.4 | 821.1 | 93.3 | 104.1 | 88.1 | 66.7 | 94.4 | 51.7 | 4.8 | 23.4 | 8.7 | 2.0 | 0.3 |
| EPS (Diluted) | 2.08 | 1.17 | 6.34 | 0.72 | 0.80 | 0.68 | 0.51 | 0.73 | 0.40 | 0.14 | 0.68 | – | – | – |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 2,096.2 | 6,715.4 | 5,698.9 | 5,500.1 | 3,582.3 | 1,595 | 2,780.3 | 2,239.4 | 5,005.8 | 5,105.3 | 4,522.1 | 7,101.4 | ||
| Total Assets | 52,090.2 | 46,743.4 | 41,986.1 | 37,619.1 | 34,090.8 | 29,814.3 | 27,317.7 | 21,911.4 | 19,596.9 | 17,426.3 | 15,782.9 | 0 | ||
| Total Debt | 35,815.8 | 764.8 | 860.7 | 835.1 | 805.3 | 21,474.5 | 757.9 | 53.2 | 76.7 | 57.4 | 58.7 | 0 | ||
| Stockholders' Equity | 6,299.4 | 6,063.6 | 3,872.8 | 2,709.0 | 2,338.3 | 2,073.3 | 1,608.6 | 1,459.1 | 1,364.2 | 1,313.4 | 1,308.0 | 1,162.2 | ||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 4,637.4 | (260.7) | (2,511.3) | 1,319.8 | 3,536.4 | (2,661.6) | (773.5) | (70.7) | (63.9) | (319.9) | 520.9 | 1,205.3 | 515.2 | (674.4) |
| Capital Expenditure | (19.4) | (162.9) | (137.9) | (187.9) | (44.1) | (175.5) | (141.7) | (17.2) | (11.9) | (9.2) | 25.5 | (28.4) | (1.6) | (0.1) |
| Free Cash Flow | 4,618.0 | (423.7) | (2,649.2) | 1,131.9 | 3,492.2 | (2,837.1) | (915.1) | (88.0) | (75.8) | (329.1) | 546.4 | 1,176.8 | 513.6 | (674.5) |