Company Valuation: Naspers Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 99,910 46,834 37,849 31,583 40,056 45,911 - -
Change - -53.12% -19.19% -16.55% 26.83% 14.62% - -
Enterprise Value (EV) 1 101,722 49,326 33,020 28,326 37,616 47,529 45,883 42,781
Change - -51.51% -33.06% -14.21% 32.8% 26.35% -3.46% -6.76%
P/E ratio 19.9x 2.76x 9.45x 12x 8.26x 9.96x 9x 7.42x
PBR 3.44x 1.6x 2.04x 1.85x 1.89x 1.91x 1.57x 1.29x
PEG - 0x -0.2x -0.5x 0x 14.43x 0.9x 0.3x
Capitalization / Revenue 16.8x 5.9x 5.58x 4.91x 5.58x 4.61x 3.55x 3.52x
EV / Revenue 17.1x 6.21x 4.87x 4.4x 5.24x 4.77x 3.54x 3.28x
EV / EBITDA -1,226x -116x -48.2x -66x 119x 52.4x 34.3x 26x
EV / EBIT -293x -69.7x -23.9x -50.4x 303x 75.2x 46.3x 33.2x
EV / FCF -1,641x -51.4x -74.2x 29.9x 21.2x 34.6x 27.9x 14.7x
FCF Yield -0.06% -1.95% -1.35% 3.34% 4.71% 2.89% 3.59% 6.78%
Dividend per Share 2 0.0815 0.0836 - 0.0215 0.0462 0.2444 0.2868 0.3973
Rate of return 0.17% 0.37% - 0.06% 0.09% 0.41% 0.48% 0.67%
EPS 2 2.408 8.254 3.936 2.952 5.954 5.995 6.629 8.048
Distribution rate 3.38% 1.01% - 0.73% 0.78% 4.08% 4.33% 4.94%
Net sales 1 5,934 7,940 6,778 6,431 7,181 9,963 12,948 13,046
EBITDA 1 -83 -424 -685 -429 315 906.2 1,339 1,647
EBIT 1 -347 -708 -1,384 -562 124 632.4 990.2 1,290
Net income 1 5,304 12,223 4,331 2,855 5,242 4,354 4,695 5,573
Net Debt 1 1,812 2,492 -4,829 -3,257 -2,440 1,618 -27.23 -3,129
Reference price 2 47.84 22.75 37.18 35.44 49.18 59.68 59.68 59.68
Nbr of stocks (in thousands) 2,088,607 2,058,863 1,018,081 891,174 814,507 769,232 - -
Announcement Date 6/21/21 6/27/22 6/26/23 6/24/24 6/23/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.96x4.77x52.45x0.41% 45.91B
20.29x5.65x12.94x0.99% 631B
26.33x6.88x20.66x-.--% 347B
13.92x3.02x18.02x-.--% 155B
11.84x15.14x149.58x0.33% 128B
48.77x3.94x30.16x-.--% 87.09B
81.26x5.58x27.71x-.--% 78.64B
29.61x5.23x14.9x-.--% 74.08B
8.83x34.66x7.39x-.--% 46.4B
15.19x1.72x8.24x0.33% 39.69B
Average 26.60x 8.66x 34.20x 0.21% 163.31B
Weighted average by Cap. 24.45x 7.00x 28.31x 0.43%
See all sector valuations

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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