Company Valuation: Servcorp Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 338.9 319.5 290.5 402.5 566.9 686.7 - -
Change - -5.71% -9.09% 38.59% 40.83% 21.14% - -
Enterprise Value (EV) 1 593.8 529.5 552.9 670.4 798.6 716.7 687.3 647.9
Change - -10.83% 4.42% 21.25% 19.11% -10.25% -4.1% -5.73%
P/E 15.2x 11.4x 26.3x 10.3x 10.9x 10.3x 9.42x 8.82x
PBR 1.69x 1.61x 1.55x 2.07x 2.43x 2.59x 2.22x 1.92x
PEG - 0.4x -0.4x 0x 0.3x 0.4x 1.05x 1.29x
Capitalization / Revenue 1.26x 1.18x 0.99x 1.28x 1.62x 1.84x 1.72x 1.63x
EV / Revenue 2.2x 1.95x 1.89x 2.13x 2.29x 1.92x 1.72x 1.54x
EV / EBITDA 3.83x 9.85x 9.37x 9.1x 8.9x 3.28x 2.87x 2.54x
EV / EBIT 19.8x 15.5x 14.2x 12.3x 11.7x 7.23x 6.42x 5.61x
EV / FCF - - - - - 9.82x 7.64x 6.42x
FCF Yield - - - - - 10.2% 13.1% 15.6%
Dividend per Share 2 0.18 0.2 0.22 0.25 0.28 0.32 0.3478 0.3806
Rate of return 5.14% 6.06% 7.33% 6.11% 4.89% 4.65% 5.06% 5.53%
EPS 2 0.23 0.289 0.114 0.399 0.527 0.67 0.73 0.78
Distribution rate 78.3% 69.2% 193% 62.7% 53.1% 47.8% 47.6% 48.8%
Net sales 1 269.7 271.6 292.5 314.1 349.4 372.5 398.6 420.3
EBITDA 1 155 53.76 59 73.63 89.75 218.4 239.4 255
EBIT 1 30 34.1 39 54.3 68.4 99.11 107 115.6
Net income 1 22.12 28.02 11.07 39.04 53.12 69.87 77.13 83.93
Net Debt 1 255 210 262.5 267.9 231.7 30 0.609 -38.79
Reference price 2 3.500 3.300 3.000 4.090 5.730 6.880 6.880 6.880
Nbr of stocks (in thousands) 96,818 96,818 96,818 98,420 98,935 99,815 - -
Announcement Date 25/08/21 24/08/22 23/08/23 22/08/24 14/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.06x1.89x3.22x4.75% 47Cr
17.85x14.25x20.29x2.51% 246.7Cr
16.56x16.57x22.62x3.85% 242.89Cr
9.77x13.5x15.4x5.97% 236.82Cr
-53.5x15.98x18.35x2.05% 199.9Cr
53.87x3.37x5.18x - 107.76Cr
13.06x6.5x18.54x4.44% 97Cr
Average 9.67x 10.29x 14.80x 3.93% 168.3Cr
Weighted average by Cap. 6.44x 12.74x 17.25x 3.77%

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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