Company Valuation: HICL Infrastructure PLC

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Capitalization 1 3,015 3,196 3,448 3,149 2,568 2,230
Change - 5.98% 7.88% -8.66% -18.45% -13.15%
Enterprise Value (EV) 1 3,015 3,195 3,446 3,148 2,567 2,230
Change - 5.99% 7.85% -8.66% -18.46% -13.14%
P/E ratio 59.3x 20.8x 9.35x 15.7x 84.2x 49.4x
PBR 1.06x 1.08x 1.09x 0.94x 0.8x 0.74x
PEG - 0x 0x -0.3x -1x 1x
Capitalization / Revenue 58.4x 20.6x 9.27x 15.6x 72.9x 44.6x
EV / Revenue 58.4x 20.6x 9.27x 15.6x 72.9x 44.6x
EV / EBITDA - - - - - -
EV / EBIT 60.9x 21x 9.35x 15.9x 84.2x 48.6x
EV / FCF -1.53x 33.7x 14.9x 25.4x 135x 75.4x
FCF Yield -65.4% 2.97% 6.69% 3.94% 0.74% 1.33%
Dividend per Share 2 0.0825 0.0825 0.0825 0.0825 0.0825 0.0825
Rate of return 5.1% 5% 4.63% 5.32% 6.53% 7.33%
EPS 2 0.0273 0.0794 0.1904 0.099 0.015 0.0228
Distribution rate 302% 104% 43.3% 83.3% 550% 362%
Net sales 1 51.6 154.8 371.8 202.3 35.2 50
EBITDA - - - - - -
EBIT 1 49.5 151.9 368.7 198.4 30.5 45.9
Net income 1 49.5 151.9 368.7 198.4 30.5 45.9
Net Debt 1 -0.6 -0.4 -1.2 -1 -1.1 -0.7
Reference price 2 1.618 1.650 1.780 1.550 1.264 1.126
Nbr of stocks (in thousands) 1,863,643 1,936,813 1,936,814 2,031,488 2,031,488 1,980,671
Announcement Date 5/19/20 5/26/21 5/25/22 5/24/23 5/22/24 5/21/25
1GBP in Million2GBP
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 3.04B
15.05x7.21x - 19.3% 4.06B
Average 15.04x 7.21x 19.3% 3.55B
Weighted average by Cap. 15.04x 7.21x 19.3%
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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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