Company Valuation: First Capital, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 204.4 136.6 83.95 93.48 108.1 198.2
Change - -33.16% -38.56% 11.36% 15.64% 83.33%
Enterprise Value (EV) 1 22.72 -40.65 14.01 72.42 -0.5099 59.42
Change - -278.89% 134.48% 416.75% -100.7% 11,753.47%
P/E 20.1x 11.9x 7.02x 7.3x 9.04x 12.1x
PBR 1.85x 1.2x 0.99x 0.89x 0.94x 1.44x
PEG - 0.9x 1.74x 0.95x -1.37x 0.3x
Capitalization / Revenue 5.86x 3.58x 2.13x 2.28x 2.57x 4.01x
EV / Revenue 0.65x -1.06x 0.36x 1.76x -0.01x 1.2x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.96 1.04 1.04 1.08 1.12 1.2
Rate of return 1.59% 2.57% 4.18% 3.87% 3.47% 2.03%
EPS 2 3.02 3.41 3.548 3.82 3.568 4.89
Distribution rate 31.8% 30.5% 29.3% 28.3% 31.4% 24.5%
Net sales 1 34.88 38.21 39.32 41.08 42 49.47
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 10.13 11.42 11.9 12.79 11.94 16.37
Net Debt 1 -181.7 -177.3 -69.93 -21.07 -108.6 -138.8
Reference price 2 60.56 40.50 24.90 27.90 32.25 59.20
Nbr of stocks (in thousands) 3,376 3,374 3,371 3,351 3,352 3,348
Announcement Date 15/03/21 14/03/22 22/03/23 29/03/24 31/03/25 31/03/26
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 21Cr
13.16x - - 1.91% 89TCr
6.39x - - 4.86% 42TCr
11.66x - - 2.22% 38TCr
6.77x - - 4.68% 36TCr
11.61x - - 4.49% 32TCr
6.32x - - 4.88% 34TCr
6.9x - - 4.61% 30TCr
17.12x - - 2.46% 27TCr
14.1x - - 2.79% 26TCr
Average 10.45x 3.66% 35.28TCr
Weighted average by Cap. 10.59x 3.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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