Company Valuation: Cactus, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,248 3,052 2,966 3,890 3,145 4,424 - -
Change - 35.77% -2.82% 31.17% -19.16% 40.68% - -
Enterprise Value (EV) 1 1,946 2,707 2,832 3,547 2,650 4,012 3,763 4,424
Change - 39.11% 4.61% 25.26% -25.29% 51.38% -6.19% 17.55%
P/E 45.9x 27.9x 17.7x 21.1x 19x 22.7x 19.1x -
PBR 4.85x 5.37x 3.43x 4.35x 2.57x 3.37x 2.93x -
PEG - 0x 0.4x 2.71x -1.5x 1.4x 1x -
Capitalization / Revenue 5.12x 4.43x 2.7x 3.44x 2.91x 2.59x 2.48x 2.37x
EV / Revenue 4.44x 3.93x 2.58x 3.14x 2.46x 2.35x 2.11x 2.37x
EV / EBITDA 16.2x 11.9x 7.11x 9.05x 7.51x 8.45x 7.41x 8.1x
EV / EBIT 25.8x 15.5x 10.7x 12.2x 10.6x 12.8x 10.3x 10.5x
EV / FCF 39.1x 30.2x 9.56x 12.8x 12.4x 13.3x 12.5x 11.6x
FCF Yield 2.56% 3.31% 10.5% 7.81% 8.06% 7.5% 7.98% 8.61%
Dividend per Share 2 0.38 0.44 0.46 0.5 0.54 0.582 0.602 0.6
Rate of return 1% 0.88% 1.01% 0.86% 1.18% 0.92% 0.95% 0.95%
EPS 2 0.83 1.8 2.57 2.77 2.41 2.797 3.313 -
Distribution rate 45.8% 24.4% 17.9% 18.1% 22.4% 20.8% 18.2% -
Net sales 1 438.6 688.4 1,097 1,130 1,079 1,707 1,786 1,863
EBITDA 1 120.4 227.9 398.1 392 353 474.8 507.8 546
EBIT 1 75.43 174.7 264.4 289.6 250.5 314 364.9 422.8
Net income 1 49.59 110.2 169.2 185.4 166 210.8 248.4 -
Net Debt 1 -301.7 -344.5 -133.8 -342.8 -494.6 -412.2 -660.5 -
Reference price 2 38.13 50.26 45.40 58.36 45.68 63.44 63.44 63.44
Nbr of stocks (in thousands) 58,949 60,719 65,323 66,656 68,840 69,733 - -
Announcement Date 28/02/22 23/02/23 28/02/24 26/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.68x2.35x8.45x0.92% 442.39Cr
20.03x2.16x9.89x2.41% 7.23TCr
19.47x2.33x13.17x1.65% 5.56TCr
14.79x2.02x8.81x5.03% 2.81TCr
22.34x2.44x12.04x0.29% 2.7TCr
13.25x1.41x7.7x2.14% 2.65TCr
32x5.35x20.88x0.89% 1.68TCr
13.17x1.21x5.17x3.74% 982Cr
27.23x0.51x4.39x3.83% 943.83Cr
21.09x0.79x6.88x2.06% 670.18Cr
Average 20.60x 2.06x 9.74x 2.3% 2.57TCr
Weighted average by Cap. 19.73x 2.21x 10.71x 2.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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