Company Valuation: XP Power Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 993.4 400.9 319.7 308.8 251.3 520 - -
Change - -59.65% -20.24% -3.43% -18.6% 106.89% - -
Enterprise Value (EV) 1 1,018 551.9 432.4 402.3 292.8 581.8 573.5 563.5
Change - -45.8% -21.64% -6.98% -27.2% 98.67% -1.43% -1.73%
P/E 44.8x -20x -29.9x -32.2x -21.4x 47.6x 30.1x 20.6x
PBR 5.91x 2.89x 1.78x 2.14x 1.42x 2.71x 2.52x 2.43x
PEG - 0x 0.5x 3x -5.78x -0x 0.5x 0.4x
Capitalization / Revenue 4.13x 1.38x 1.01x 1.25x 1.09x 2.13x 1.97x 1.84x
EV / Revenue 4.24x 1.9x 1.37x 1.63x 1.27x 2.39x 2.18x 2x
EV / EBITDA 18.3x 9.78x 7.86x 9.84x 8.44x 13.3x 10.7x 9.27x
EV / EBIT 22.6x 12.9x 11.4x 16x 16.9x 22x 15.9x 12.9x
EV / FCF 81.4x -25.8x 19.4x 9.6x 9.76x 46.2x 35.3x 51.9x
FCF Yield 1.23% -3.88% 5.16% 10.4% 10.2% 2.17% 2.83% 1.93%
Dividend per Share 2 0.94 0.94 0.18 - - - 0.1726 0.2185
Rate of return 1.84% 4.62% 1.33% - - - 0.93% 1.17%
EPS 2 1.138 -1.016 -0.454 -0.405 -0.42 0.3913 0.6188 0.9025
Distribution rate 82.6% -92.5% -39.6% - - - 27.9% 24.2%
Net sales 1 240.3 290.4 316.4 247.3 230.1 243.9 263.4 282.1
EBITDA 1 55.5 56.4 55 40.9 34.7 43.83 53.4 60.79
EBIT 1 45.1 42.9 38.1 25.1 17.3 26.43 36.16 43.59
Net income 1 22.6 -20 -9.2 -9.6 -11.4 10.68 17.66 25.5
Net Debt 1 24.7 151 112.7 93.5 41.5 61.8 53.48 43.54
Reference price 2 51.00 20.35 13.56 13.06 9.00 18.62 18.62 18.62
Nbr of stocks (in thousands) 19,479 19,698 23,580 23,642 27,926 27,926 - -
Announcement Date 01/03/22 28/02/23 05/03/24 04/03/25 03/03/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
47.58x2.39x13.28x-.--% 71Cr
17.99x2.36x10.6x2.85% 26TCr
26.67x3.13x17.01x1.96% 26TCr
31.43x4.03x18.58x1.55% 19TCr
36.96x5.48x23.34x1.03% 16TCr
43.09x5.78x25.79x0.99% 15TCr
44.57x7.33x29.54x0.09% 10TCr
89.79x11.45x63.72x0.35% 9.64TCr
32.27x5.21x18.11x1.4% 8.8TCr
33.24x6.89x21.67x0.56% 5.59TCr
Average 40.36x 5.40x 24.16x 1.08% 13.63TCr
Weighted average by Cap. 35.13x 4.87x 22.21x 1.51%

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 XP Power Limited