Company Valuation: Freightways Group Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,086 1,517 1,476 1,376 1,986 2,166 - -
Change - -27.26% -2.69% -6.78% 44.35% 9.04% - -
Enterprise Value (EV) 1 2,230 1,669 1,729 1,606 2,202 2,829 2,804 2,765
Change - -25.13% 3.58% -7.1% 37.07% 28.48% -0.88% -1.37%
P/E ratio 42.1x 21.7x 19.3x 19.4x 24.9x 22.4x 17.8x 15.8x
PBR 6.11x 4.26x 3.1x 2.8x 3.98x 4.2x 4.02x 3.85x
PEG - 0.5x 9.05x -2.46x 2x 1.1x 0.7x 1.3x
Capitalization / Revenue 2.61x 1.74x 1.32x 1.14x 1.54x 1.51x 1.38x 1.3x
EV / Revenue 2.79x 1.91x 1.54x 1.33x 1.71x 1.98x 1.78x 1.66x
EV / EBITDA 11.9x 9.03x 8.05x 7.01x 8.86x 10.1x 8.79x 8.07x
EV / EBIT 18.1x 13.6x 12.9x 11.8x 15.1x 15.7x 13.1x 11.8x
EV / FCF - - -36.6x 21.2x 25.5x 42.9x 21.6x 18.9x
FCF Yield - - -2.73% 4.73% 3.92% 2.33% 4.64% 5.29%
Dividend per Share 2 0.335 0.37 0.37 0.37 0.4 0.4579 0.5447 0.6032
Rate of return 2.66% 4.04% 4.45% 4.81% 3.6% 3.78% 4.5% 4.99%
EPS 2 0.299 0.422 0.431 0.397 0.446 0.5411 0.6802 0.7642
Distribution rate 112% 87.7% 85.8% 93.2% 89.7% 84.6% 80.1% 78.9%
Net sales 1 800.5 873.1 1,122 1,209 1,290 1,431 1,572 1,665
EBITDA 1 187.6 184.9 214.9 229.1 248.6 280.3 318.8 342.8
EBIT 1 122.9 122.7 134 136.4 146.1 180 214.1 234.2
Net income 1 49.56 70.1 75.14 70.76 79.92 97.56 121.7 136.4
Net Debt 1 143.8 152.1 252.7 230 215.2 662.7 637.7 599.3
Reference price 2 12.60 9.15 8.32 7.70 11.11 12.10 12.10 12.10
Nbr of stocks (in thousands) 165,538 165,803 177,431 178,713 178,789 178,995 - -
Announcement Date 8/22/21 8/21/22 8/20/23 8/18/24 8/17/25 - - -
1NZD in Million2NZD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.64x2x10.19x3.74% 1.3B
22.72x1.15x9.96x1.47% 93.62B
15.21x1.24x9.01x6.17% 90.44B
15.54x0.94x7.08x3.88% 65.84B
24.29x1.65x16.81x1.07% 19.59B
38.26x1.01x12.44x-.--% 11.93B
29.35x2.41x8.92x-.--% 8.97B
29.15x0.61x8.94x-.--% 6.74B
9.07x0.31x5.86x5.59% 5.9B
15.37x0.7x8.22x3.51% 5.7B
Average 22.16x 1.20x 9.74x 2.54% 31B
Weighted average by Cap. 19.64x 1.16x 9.44x 3.32%

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 Freightways Group Limited