The E-Spring B2B SaaS index (2023Q3)
The E-Spring SaaS Index’s median EV/Sales multiple has improved slightly since the previous quarter. Q3 2023 results are consistent with the first half of 2023. However, the improvement is only marginal, reaching 7.54x and representing of 6% increase from June 2023. Let’s explore two different perspectives for further insight: Macro Lens: The overall economy remains […]
E-Spring B2B SaaS Index (2023Q2)
Our B2B SaaS index has stabilized over the last few quarters. Our B2B SaaS index has stabilized in the first half year of 2023 with a median at EV/Sales of 7,1x. The current level seems the be the new normal after a buoyant period in 2021, mainly driven by interest rates and monetary policy. EV/Sales […]
Critical success factors to consider before and after an M&A transaction
Acquisitions and divestiture are natural steps in the life cycle of a company. As companies mature, they have the opportunity to develop their assets by acquiring competitors in order to regain momentum or consolidate their position in the market. On the other hand, divestitures or partnerships can also be a valid strategy to regain momentum. […]
Latest findings on ESG
Environmental, Social and Governance (ESG) is a framework that defines the three key factors when measuring the sustainability and ethical impact of an investment in a company (MBN, 2023). The framework helps stakeholders understand how the company manages risks linked to the three ESG factors. (CFI, 2023). The framework is under scrutiny as the literature […]
The E-Spring B2B SaaS Index (2023 Q1)
Our B2B SaaS index has stabilized in this first quarter. After a significant decline in 2022, our B2B SaaS index stabilized in the first quarter of 2023 with an EV/Sales of 7,7x. In 2022, the financial markets were driven by central bank interest rate hikes and record inflation. The year 2023 will continue to be […]
What are the benefits of Corporate Venture Capital (CVC) for a company?
The current economic landscape is under a lot of pressure. Rising energy prices, wage indexation, global demand decreasing due to the previous factors and, finally, a decrease in investment in the entrepreneurial world. The combination of these four signals presents a pessimistic view of the entrepreneurial world and announces harder times for smaller businesses and […]
E-Spring B2B SaaS Index (Recap 2022 & Trends for 2023)
SaaS stocks have significantly underperformed in 2022. The E-Spring B2B SaaS Index is no exception, with EV/Sales multiples falling by around 40% over the year. SaaS Market Overview: The global market size is estimated at USD 186.6 billion in 2022, growing at a historical annual growth rate of 18%, and is expected to exceed 200 […]
The E-Spring B2B SaaS Index (2022 Q2)
SaaS stocks continued to plunge in this second quarter of the year. The E-Spring index fell by around 35 % in this quarter alone. The second quarter of 2022 has seen a confirmation of the fall in public SaaS companies’ valuations. Financial markets have lived to the rhythm of the central banks’ interest rate hike […]
The E-Spring B2B SaaS Index (2022 Q1)
SaaS stocks plunged in the first quarter of the year. The E-Spring index dropped by around 21% in terms of EV/Sales. The first quarter of the year remains on the same trajectory as the year end of 2021 with a decline in valuation. Public SaaS companies are now trading at 2020 type levels. We seem […]
The E-Spring B2B SaaS Index (2021 Q4)
Software stocks have significantly underperformed at the end of the year. The E-Spring B2B SaaS Index was no exception, falling by around 10% in terms of EV/Sales 2021 multiples during the fourth quarter. In contrast to previous quarters, the fourth quarter marked a break in the software industry, both in terms of market capitalisation and […]