Company Valuation: Vodacom Group Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,14,230 2,71,112 2,36,182 1,90,738 2,42,801 2,85,930 - -
Change - 26.55% -12.88% -19.24% 27.3% 17.76% - -
Enterprise Value (EV) 1 2,41,947 2,98,864 2,84,465 2,40,506 2,94,850 3,41,880 3,48,130 3,39,489
Change - 23.52% -4.82% -15.45% 22.6% 15.95% 1.21% -2.48%
P/E ratio 12.9x 15.8x 12.9x 11.7x 14.6x 13.5x 12.1x 10.5x
PBR 2.7x 3.41x 2.75x 2.09x 2.63x 3.01x 2.78x 3.15x
PEG - 4.41x -2.01x -1x 7.23x 0.6x 0.6x 0.7x
Capitalization / Revenue 2.18x 2.64x 1.98x 1.27x 1.59x 1.66x 1.39x 1.23x
EV / Revenue 2.46x 2.91x 2.39x 1.6x 1.94x 2.04x 1.69x 1.46x
EV / EBITDA 6.16x 7.49x 6.3x 4.29x 5.31x 5.46x 3.7x 3.56x
EV / EBIT 8.75x 10.6x 9.72x 6.81x 8.24x 7.75x 7.17x 5.55x
EV / FCF 12.1x 14.8x 13.7x 9.01x 10.5x 10.4x 9.31x 8.27x
FCF Yield 8.23% 6.75% 7.3% 11.1% 9.53% 9.59% 10.7% 12.1%
Dividend per Share 2 8.25 8.5 6.7 6.35 6.2 7.35 8.206 9.977
Rate of return 6.53% 5.31% 5.49% 6.44% 4.94% 5.09% 5.52% 6.71%
EPS 2 9.78 10.13 9.48 8.42 8.59 10.69 12.25 14.1
Distribution rate 84.4% 83.9% 70.7% 75.4% 72.2% 68.8% 67% 70.8%
Net sales 1 98,302 1,02,736 1,19,170 1,50,594 1,52,227 1,67,652 2,06,416 2,33,170
EBITDA 1 39,299 39,888 45,144 56,116 55,511 62,626 94,041 95,413
EBIT 1 27,652 28,236 29,252 35,337 35,791 44,108 48,550 61,186
Net income 1 16,581 17,163 16,767 16,292 16,598 20,647 24,098 28,173
Net Debt 1 27,717 27,752 48,283 49,768 52,049 63,041 62,200 53,559
Reference price 2 126.26 160.00 122.04 98.55 125.45 148.68 148.68 148.68
Nbr of stocks (in thousands) 16,96,737 16,94,453 19,35,281 19,35,439 19,35,439 19,32,089 - -
Announcement Date 18/05/21 16/05/22 14/05/23 12/05/24 16/05/25 11/05/26 - -
1ZAR in Million2ZAR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.7x2.07x5.53x4.79% 1.74TCr
11.63x7.24x38.56x0.16% 25TCr
17.15x2.93x7.43x2.3% 19TCr
9.94x2.32x6.25x4.89% 16TCr
14.41x2.3x7.56x2.96% 6.46TCr
13.28x1.28x4.37x3.8% 3.39TCr
20.25x5.47x10.02x4.69% 3.24TCr
9.84x0.37x1.49x6.86% 2.83TCr
12.72x3.52x7.76x6.55% 2.15TCr
Average 13.77x 3.06x 9.89x 4.11% 8.9TCr
Weighted average by Cap. 13.31x 4.05x 16.68x 2.68%

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

  1. Stock Market
  2. Stocks
  3. VOD Stock
  4. Valuation Vodacom Group Limited
40% Discount: Identify Tomorrow's Best Investments With The Best Subscriber-Only Tools!
d
:
:
BENEFIT NOW