Company Valuation: FIRT NATIPAR

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 606.8 426.4 509.9 407.9 299.1 263.3
Change - -29.73% 19.59% -20.01% -26.67% -11.96%
Enterprise Value (EV) 1 1,143 539.9 790.6 770.6 805.6 681.9
Change - -52.77% 46.44% -2.53% 4.55% -15.35%
P/E 15x 10.4x 11.9x 8.82x 11.4x 15.6x
PBR 1.54x 1.04x 1.21x 1.11x 0.79x 0.7x
PEG - 3.47x 2.27x 0.7x -0.3x -0.4x
Capitalization / Revenue 5.48x 3.77x 4.18x 3.26x 3.2x 3.1x
EV / Revenue 10.3x 4.77x 6.48x 6.15x 8.61x 8.03x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.7 0.74 0.78 0.82 0.84 0.84
Rate of return 2.79% 4.15% 3.61% 4.56% 6.34% 7.19%
EPS 2 1.67 1.72 1.81 2.04 1.16 0.75
Distribution rate 41.9% 43% 43.1% 40.2% 72.4% 112%
Net sales 1 110.7 113.1 122 125.2 93.53 84.93
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 41.56 41.2 43.09 46.93 26.24 17.08
Net Debt 1 536.2 113.5 280.7 362.7 506.6 418.6
Reference price 2 25.08 17.85 21.59 18.00 13.24 11.68
Nbr of stocks (in thousands) 24,194 23,887 23,617 22,659 22,588 22,544
Announcement Date 10/03/20 12/03/21 11/03/22 09/03/23 08/03/24 12/03/25
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 27Cr
14.78x - - 1.89% 90TCr
13.11x - - 2.01% 42TCr
5.4x - - 5.74% 35TCr
11.91x - - 4.32% 33TCr
18.28x - - 2.33% 28TCr
5.11x - - 5.96% 27TCr
12.21x - - 2.2% 26TCr
5.5x - - 5.66% 25TCr
16.99x - - 2.27% 23TCr
Average 11.48x 3.6% 32.89TCr
Weighted average by Cap. 12.05x 3.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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