Analysts value LeBonCoin in €2.five billion in IPO #Aimgroup_ComApril 20, 2019
Once Schibsted concludes the IPO for its international classifieds division Marketplaces International (MPI), LeBonCoin.fr — which constitutes the largest part of MPI — could be valued between €2.5 billion ($2.9 billion U.S.) and €3 billion ($3.5 billion U.S.).
The new MPI is made up of assets from around 20 countries, including France, Spain, Italy, Brazil, Morocco, and Tunisia.
The entity’s gross operating profit currently stands at more than €110 million ($127 million), with a revenue of about €500 million.
LeBonCoin’s net profit rose to €73.3 million last year — which means the site accounts for most of MPI’s profits.
Last year, the site recorded revenue of €188.9 million — up 12.7 percent from 2016.
Its operating results reached €115.2 million — up 8.57 percent.
After paying €39 million in taxes in taxes, LeBonCoin was left with a net profit of €73.3 million for 2017 — up 7.6 percent from 2016.
Given this distribution rate and a 3 percent rate of return, the value of LeBonCoin would equal around €2.4 billion, the news article concluded.
“Taking into account both net income and very high profitability, a multiple of 25 times the current result could be retained, which corresponds to €2.9 billion,” Journal Du Net stated.
In other words, MPI could weigh between €2.5 billion and €3 billion when listed next spring, Journal Du Net reported, expressing hope the listing will also take place in Paris.