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 […]
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The E-Spring B2B SaaS Index (2021 Q3)
Since the previous quarter, the Q3 2021 E-Spring B2B SaaS Index remained at a record high valuation with 14X EV/Sales versus 13,7X EV/Sales in Q2 2021. The third quarter of 2021 looks to be a continuation of Q2. The market is showing support for these range of valuations. Such trend could be a sign that the […]
CSR: consistency, momentum, and corporate strategy
According to the Global Sustainable Investment Alliance, sustainable investment, an approach to investment that incorporates environmental, social, and governance factors into the composition of portfolios, account for $35.5 trillion in assets under management in 2020, or 36% of global assets under management, a share that has grown remarkably over the past two years by 15%. […]