Company Valuation: Brimstone Investment Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 1,743 1,618 1,601 1,383 1,213 1,224
Change - -7.19% -1.03% -13.61% -12.27% 0.91%
Enterprise Value (EV) 1 6,114 5,281 5,016 5,865 5,930 2,875
Change - -13.63% -5.02% 16.93% 1.11% -51.53%
P/E ratio -21.4x -7.96x 2.16x 6.95x 4.38x -6.11x
PBR 0.72x 0.59x 0.53x 0.39x 0.35x 0.38x
PEG - -0x -0x -0.1x 0.1x 0x
Capitalization / Revenue 0.39x 0.34x 0.32x 0.22x 0.19x 0.55x
EV / Revenue 1.38x 1.12x 0.99x 0.94x 0.91x 1.29x
EV / EBITDA 7.16x 6.94x 5.42x 7.74x 8.16x 18.4x
EV / EBIT 9.32x 9.6x 7.22x 11.5x 13x 45.6x
EV / FCF -16x -15.9x 11.8x -28.7x -11.6x 2.44x
FCF Yield -6.24% -6.31% 8.49% -3.48% -8.64% 41%
Dividend per Share 2 - - 0.3 0.33 0.4 0.4
Rate of return - - 4.76% 6.27% 7.83% 7.94%
EPS 2 -0.358 -0.73 2.916 0.757 1.166 -0.8253
Distribution rate - - 10.3% 43.6% 34.3% -48.5%
Net sales 1 4,440 4,715 5,055 6,213 6,529 2,227
EBITDA 1 854.1 760.7 925.2 757.9 726.8 156.1
EBIT 1 656.1 550 695.1 509.6 455.1 63.05
Net income 1 -85.77 -184.5 731.9 189.9 291.3 -200.4
Net Debt 1 4,371 3,663 3,415 4,482 4,717 1,650
Reference price 2 7.650 5.810 6.300 5.260 5.110 5.040
Nbr of stocks (in thousands) 238,592 252,803 247,789 248,091 248,221 242,544
Announcement Date 6/30/20 6/9/21 4/28/22 4/24/23 4/24/24 4/17/25
1ZAR in Million2ZAR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 82.6M
11.29x1.31x5.74x1.35% 414M
Average 11.29x 1.31x 5.74x 1.35% 248.37M
Weighted average by Cap. 11.29x 1.31x 5.74x 1.35%
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Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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