Company Valuation: Metcash Limited

Data adjusted to current consolidation scope
Fiscal Period: April 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 3,629 4,625 3,766 4,301 3,537 3,343 - -
Change - 27.43% -18.58% 14.21% -17.75% -5.49% - -
Enterprise Value (EV) 1 3,505 4,814 5,165 5,614 5,343 5,172 5,189 5,212
Change - 37.35% 7.28% 8.71% -4.83% -3.22% 0.33% 0.45%
P/E ratio 15.2x 19.2x 14.6x 15.3x 12.4x 12.3x 11.8x 11x
PBR 2.84x 4.28x 3.51x 2.81x 2.18x 1.94x 1.85x 1.77x
PEG - 2.63x 2.03x -3.73x 15.93x -2.74x 2.72x 1.6x
Capitalization / Revenue 0.25x 0.3x 0.24x 0.27x 0.2x 0.19x 0.19x 0.19x
EV / Revenue 0.24x 0.32x 0.33x 0.35x 0.31x 0.3x 0.29x 0.29x
EV / EBITDA 6.2x 7.43x 7.64x 8.16x 7.15x 6.83x 6.6x 6.35x
EV / EBIT 8.73x 10.2x 10.3x 11.3x 10.5x 10.3x 9.89x 9.42x
EV / FCF 8.99x 15.5x 23.4x 16.2x 13.7x 15.3x 13.6x 12x
FCF Yield 11.1% 6.45% 4.27% 6.18% 7.31% 6.52% 7.37% 8.34%
Dividend per Share 2 0.175 0.215 0.225 0.22 0.18 0.1749 0.1827 0.1941
Rate of return 4.93% 4.49% 5.77% 5.58% 5.59% 5.75% 6.01% 6.38%
EPS 2 0.233 0.25 0.268 0.257 0.259 0.2474 0.2581 0.2759
Distribution rate 75.1% 86% 84% 85.6% 69.5% 70.7% 70.8% 70.3%
Net sales 1 14,315 15,165 15,803 15,912 17,323 17,394 17,663 18,056
EBITDA 1 565.1 648.2 675.8 688.3 747.8 756.7 785.7 821
EBIT 1 401.4 472.3 500.8 496.3 507.8 500.4 524.5 553.3
Net income 1 239 245.4 259 257.2 283.3 276.9 281.1 300.8
Net Debt 1 -124.6 189 1,399 1,314 1,806 1,828 1,846 1,869
Reference price 2 3.550 4.790 3.900 3.940 3.220 3.040 3.040 3.040
Nbr of stocks (in thousands) 10,22,363 9,65,542 9,65,542 10,91,554 10,98,582 10,99,726 - -
Announcement Date 27/06/21 26/06/22 25/06/23 23/06/24 22/06/25 - - -
1AUD in Million2AUD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.29x0.3x6.83x5.75% 236.4Cr
17.37x0.58x9.92x1.02% 903.8Cr
15.62x0.62x8.9x2.97% 840.59Cr
38.76x0.86x13.25x-.--% 329.24Cr
13.83x0.37x6.19x4.48% 68Cr
13.11x0.32x6.22x6.76% 51Cr
-22.82x - - -.--% 43Cr
Average 12.59x 0.51x 8.55x 3% 353.12Cr
Weighted average by Cap. 18.25x 0.59x 9.54x 2.19%

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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  4. Valuation Metcash Limited