Company Valuation: Rogers Communications Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 30,574 32,178 32,895 24,048 28,121 26,968 - -
Change - 5.25% 2.23% -26.89% 16.94% -4.1% - -
Enterprise Value (EV) 1 52,704 68,461 74,700 68,005 66,263 65,436 63,028 60,278
Change - 29.9% 9.11% -8.96% -2.56% -1.25% -3.68% -4.36%
P/E ratio 19.6x 19.1x 38.3x 13.8x 4.07x 13.5x 12.7x 11.7x
PBR 2.89x 3.17x 3.15x 2.28x 1.15x 1.16x 1.16x 1.09x
PEG - 2.35x -0.7x 0.1x 0x -0.2x 1.94x 1.36x
Capitalization / Revenue 2.09x 2.09x 1.7x 1.17x 1.3x 1.2x 1.18x 1.16x
EV / Revenue 3.6x 4.45x 3.87x 3.3x 3.05x 2.9x 2.76x 2.6x
EV / EBITDA 8.95x 10.7x 8.71x 7.07x 6.75x 6.55x 6.22x 5.86x
EV / EBIT 16x 17.9x 16.7x 13.6x 11.3x 12.8x 12.1x 11.1x
EV / FCF 38.4x 38.6x 30.9x 22.3x 19.7x 15.6x 14.6x 13.4x
FCF Yield 2.61% 2.59% 3.23% 4.48% 5.06% 6.42% 6.83% 7.45%
Dividend per Share 2 2 2 2 2 2 2 2 2
Rate of return 3.32% 3.16% 3.22% 4.53% 3.86% 4.01% 4.01% 4.01%
EPS 2 3.07 3.32 1.62 3.2 12.74 3.692 3.934 4.272
Distribution rate 65.1% 60.2% 123% 62.5% 15.7% 54.2% 50.8% 46.8%
Net sales 1 14,655 15,396 19,308 20,604 21,712 22,543 22,845 23,213
EBITDA 1 5,887 6,393 8,581 9,617 9,820 9,986 10,125 10,282
EBIT 1 3,302 3,817 4,460 5,001 5,847 5,095 5,200 5,415
Net income 1 1,558 1,680 849 1,734 6,906 2,094 2,155 2,368
Net Debt 1 22,130 36,283 41,805 43,957 38,142 38,468 36,060 33,310
Reference price 2 60.23 63.37 62.03 44.19 51.81 49.90 49.90 49.90
Nbr of stocks (in thousands) 5,04,925 5,04,925 5,30,021 5,36,101 5,40,225 5,40,225 - -
Announcement Date 27/01/22 02/02/23 01/02/24 30/01/25 29/01/26 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.52x2.9x6.55x4.01% 1.98TCr
39.55x6x10.54x1.13% 12TCr
18.51x2.14x8.24x3.99% 6.77TCr
12.47x1.85x3.91x2.66% 2.36TCr
-114.36x8.98x11.21x2.7% 2.24TCr
15.07x5.1x11.16x5.76% 1.39TCr
13.07x2.6x6.78x4.76% 1.31TCr
-4.66x7.23x17.16x-.--% 1.29TCr
23.48x3.21x9.5x4.33% 1.1TCr
13.81x3.29x6.43x5.74% 995.28Cr
Average 3.04x 4.33x 9.15x 3.51% 3.12TCr
Weighted average by Cap. 14.86x 4.55x 9.31x 2.73%

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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