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Added to YB: 2025-12-01

Pitch date: 2025-11-27

NBIS [neutral]

Nebius Group N.V.

-9.18%

current return

Author Info

MVC Investing is a long-term investor. BSc in Economics, MSc in Finance. Equity Analyst with a focus on Fundamental Analysis and Valuation. Sign up for the newsletter.

Company Info

Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the Netherlands, Europe, North America, and Israel.

Market Cap

$23.6B

Pitch Price

$96.55

Price Target

297.00 (+239%)

Dividend

N/A

EV/EBITDA

-78.80

P/E

190.05

EV/Sales

64.25

Sector

Software

Category

growth

Show full summary:
Nebius Group (NBIS): Updated Valuation Model Post-Q3 Results

NBIS (update): Q3 results prompted capacity expansion guidance raise to 1.2-1.4 GW active power by YE2027. Updated model shows YE2026 valuation of $55-98B ($168-297/share vs $95 current), assuming 25% EBIT margins, 20-30x multiples. Includes subsidiaries: ClickHouse, Avride, Toloka. High dilution risk from capital needs.

Read full article (11 min)