Company Valuation: Seatrium Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,574 4,332 8,050 7,009 7,315 7,533 - -
Change - 68.3% 85.83% -12.93% 4.36% 2.99% - -
Enterprise Value (EV) 1 4,545 5,330 8,797 7,698 7,995 8,516 7,697 6,535
Change - 17.25% 65.05% -12.49% 3.86% 6.52% -9.61% -15.1%
P/E ratio -1.26x -16.6x -3.78x 45.1x 22.8x 14.6x 13.1x 12.4x
PBR 0.64x 1.15x 1.24x 1.11x 1.06x 1.03x 0.99x 0.94x
PEG - 0.2x -0x -0x 0x 0.2x 1.2x 2.01x
Capitalization / Revenue 1.38x 2.22x 1.1x 0.76x 0.64x 0.72x 0.73x 0.77x
EV / Revenue 2.44x 2.74x 1.21x 0.83x 0.7x 0.81x 0.75x 0.67x
EV / EBITDA -4.42x -803x 37.3x 12.3x 9.55x 8.37x 7.13x 5.98x
EV / EBIT -3.71x -25.8x -5.59x 36.2x 15.6x 12.6x 9.84x 8.71x
EV / FCF -7.16x 5.25x 18.1x -2,582x 387x 10.7x 8.08x 7.69x
FCF Yield -14% 19.1% 5.51% -0.04% 0.26% 9.31% 12.4% 13%
Dividend per Share 2 - - - 0.015 0.03 0.0436 0.0489 0.0572
Rate of return - - - 0.72% 1.39% 1.96% 2.19% 2.56%
EPS 2 -1.298 -0.166 -0.624 0.0459 0.0947 0.1527 0.1696 0.1801
Distribution rate - - - 32.7% 31.7% 28.6% 28.9% 31.7%
Net sales 1 1,862 1,947 7,291 9,231 11,472 10,502 10,285 9,728
EBITDA 1 -1,028 -6.634 236 627 837 1,018 1,079 1,093
EBIT 1 -1,224 -206.4 -1,573 212.5 513.5 676.2 782.6 750.1
Net income 1 -1,171 -261.1 -1,940 156.8 323.6 518.2 579.3 609.1
Net Debt 1 1,972 998 747 689 680 982.7 164 -998.3
Reference price 2 1.640 2.760 2.360 2.070 2.160 2.230 2.230 2.230
Nbr of stocks (in thousands) 15,69,342 15,69,455 34,10,854 33,86,056 33,86,534 33,78,204 - -
Announcement Date 25/02/22 27/02/23 26/02/24 20/02/25 25/02/26 - - -
1SGD in Million2SGD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.6x0.81x8.37x1.96% 594.06Cr
15.7x0.96x7.16x2.18% 4.56TCr
27.12x3.16x21.34x0% 2.72TCr
22.18x3.46x16.8x - 2.31TCr
9.42x0.75x4.17x3.69% 2.28TCr
25.73x2.33x16.9x0.29% 1.97TCr
8.52x1.79x5.25x5.77% 1.21TCr
36.15x1.23x11.92x1.12% 550.2Cr
12.82x - - 0.57% 509.69Cr
73.18x8.23x57.08x0.61% 473.98Cr
Average 24.54x 2.52x 16.55x 1.8% 1.72TCr
Weighted average by Cap. 20.31x 2.07x 13.03x 1.9%

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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