Company Valuation: Economic Investment Trust Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 612.1 609.3 709.4 710.4 740 889.4
Change - -0.46% 16.44% 0.14% 4.17% 20.19%
Enterprise Value (EV) 1 576 598 663.3 712.1 726.9 875.9
Change - 3.82% 10.92% 7.35% 2.08% 20.49%
P/E ratio 5.39x 20.3x 3.35x -41.3x 5.37x 3.26x
PBR 0.68x 0.66x 0.65x 0.7x 0.66x 0.67x
PEG - -0.3x 0x 0x -0x 0x
Capitalization / Revenue 4.56x 17.2x 2.94x -41.8x 4.56x 2.87x
EV / Revenue 4.29x 16.8x 2.75x -41.9x 4.48x 2.82x
EV / EBITDA - - - - - -
EV / EBIT 4.41x 18.9x 2.8x -36.3x 4.55x 2.85x
EV / FCF 7.1x 48.6x 3.75x -15.8x 6.76x 4.5x
FCF Yield 14.1% 2.06% 26.6% -6.34% 14.8% 22.2%
Dividend per Share 2 0.12 0.12 0.12 0.12 0.12 0.12
Rate of return 1.1% 1.1% 0.94% 0.92% 0.89% 0.73%
EPS 2 2.021 0.5378 3.792 -0.3147 2.523 5.031
Distribution rate 5.94% 22.3% 3.16% -38.1% 4.76% 2.39%
Net sales 1 134.4 35.5 241.3 -17.01 162.4 310.1
EBITDA - - - - - -
EBIT 1 130.5 31.59 237 -19.61 159.9 307.4
Net income 1 113.5 30.1 211.8 -17.46 137.8 272.9
Net Debt 1 -36.11 -11.25 -46.11 1.669 -13.12 -13.55
Reference price 2 10.90 10.90 12.70 13.00 13.55 16.40
Nbr of stocks (in thousands) 56,155 55,890 55,859 54,646 54,614 54,233
Announcement Date 2/14/20 2/17/21 2/17/22 2/14/23 2/13/24 2/13/25
1CAD in Million2CAD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 808M
9.07x8.52x - 13.45% 5.76B
15.52x13.84x - 6.42% 4.13B
Average 12.30x 11.18x 9.93% 3.57B
Weighted average by Cap. 11.76x 10.74x 10.51%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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