Company Valuation: Capitec Limited

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,39,851 2,03,698 2,33,629 3,56,035 5,49,409 4,95,308 - -
Change - -15.07% 14.69% 52.39% 54.31% -9.85% - -
Enterprise Value (EV) 2,39,851 2,03,698 2,33,629 3,56,035 5,49,409 4,95,308 4,95,308 4,95,308
Change - -15.07% 14.69% 52.39% 54.31% -9.85% 0% 0%
P/E 28.2x 20.9x 22.1x 25.9x 32.6x 24.5x 20.7x 17.8x
PBR 6.72x 5.2x - 6.99x 9.23x 7.05x 6.06x 5.18x
PEG - 1.5x 2.49x 0.9x 1.5x 1.3x 1.1x 1.1x
Capitalization / Revenue 8.9x 6.72x 6.48x 8.08x 10.5x 8.25x 7.26x 6.33x
EV / Revenue 0x 0x 0x 0x 0x 8.25x 7.26x 6.33x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 15.8x 14.2x 11.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 36.4 42 48.75 65.1 79.8 94.71 116.5 133.7
Rate of return 1.75% 2.39% 2.42% 2.12% 1.68% 2.24% 2.75% 3.16%
EPS 2 73.6 83.92 91.37 118.8 145.4 172.4 204.3 237.1
Distribution rate 49.5% 50% 53.4% 54.8% 54.9% 54.9% 57% 56.4%
Net sales 1 26,961 30,307 36,043 44,067 52,421 60,024 68,265 78,223
EBITDA - - - - - - - -
EBIT 1 14,406 18,431 22,102 25,968 32,183 31,261 34,886 43,428
Net income 1 8,523 9,707 10,567 13,742 16,833 20,049 23,402 27,522
Net Debt - - - - - - - -
Reference price 2 2,074.35 1,754.51 2,017.77 3,074.37 4,743.54 4,229.13 4,229.13 4,229.13
Nbr of stocks (in thousands) 1,15,627 1,16,100 1,15,786 1,15,808 1,15,823 1,15,840 - -
Announcement Date 12/04/22 18/04/23 23/04/24 23/04/25 22/04/26 - - -
1ZAR in Million2ZAR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.12x - - 1.91% 88TCr
6.17x - - 5.03% 42TCr
11.76x - - 2.21% 38TCr
6.61x - - 4.79% 36TCr
6.11x - - 5.05% 33TCr
11.79x - - 4.41% 33TCr
6.7x - - 4.75% 30TCr
17.1x - - 2.46% 27TCr
14.21x - - 2.78% 26TCr
Average 10.40x 3.71% 39.11TCr
Weighted average by Cap. 10.55x 3.48%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Capitec Limited

Historical PBR trend

Valuation ratios - PBR - Capitec Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Capitec Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Capitec Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Capitec Limited