Company Valuation: Netcare Limited

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 21,636 18,344 17,968 19,232 17,307 22,434 - -
Change - -15.22% -2.05% 7.03% -10.01% 29.62% - -
Enterprise Value (EV) 1 31,059 27,703 27,988 30,079 28,383 33,783 33,442 32,907
Change - -10.81% 1.03% 7.47% -5.64% 19.03% -1.01% -1.6%
P/E 29.8x 19.1x 14.4x 14.2x 10.7x 12.2x 10.8x 9.5x
PBR 2.18x 1.79x 1.6x 1.76x 1.56x 2.1x 1.94x 1.73x
PEG - 0.6x 0.5x 0.9x 0.5x 0.7x 0.9x 0.7x
Capitalization / Revenue 1.02x 0.85x 0.76x 0.76x 0.66x 0.82x 0.78x 0.74x
EV / Revenue 1.47x 1.28x 1.18x 1.19x 1.08x 1.23x 1.16x 1.09x
EV / EBITDA 9.57x 7.95x 7.01x 6.7x 5.76x 6.45x 6.04x 5.61x
EV / EBIT 15x 12.1x 10.3x 9.52x 7.94x 8.8x 8.11x 7.4x
EV / FCF 26.5x 56.8x 75x 85.9x 34.7x 23.5x 15.7x 15.2x
FCF Yield 3.78% 1.76% 1.33% 1.16% 2.88% 4.26% 6.38% 6.58%
Dividend per Share 2 0.34 0.5 0.65 0.7 0.85 0.971 1.096 1.214
Rate of return 2.1% 3.64% 4.81% 4.54% 5.99% 5.15% 5.81% 6.43%
EPS 2 0.543 0.717 0.935 1.089 1.329 1.549 1.743 1.987
Distribution rate 62.6% 69.7% 69.5% 64.3% 64% 62.7% 62.9% 61.1%
Net sales 1 21,200 21,636 23,699 25,202 26,344 27,507 28,864 30,161
EBITDA 1 3,244 3,485 3,990 4,491 4,928 5,236 5,537 5,863
EBIT 1 2,076 2,282 2,716 3,159 3,575 3,841 4,122 4,444
Net income 1 769 1,013 1,321 1,436 1,681 1,953 2,155 2,489
Net Debt 1 9,423 9,359 10,020 10,847 11,076 11,350 11,008 10,474
Reference price 2 16.20 13.72 13.50 15.41 14.20 18.87 18.87 18.87
Nbr of stocks (in thousands) 1,335,547 1,337,000 1,331,000 1,248,047 1,218,789 1,177,000 - -
Announcement Date 11/22/21 11/21/22 11/21/23 11/22/24 11/24/25 - - -
1ZAR in Million2ZAR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.18x1.22x6.41x5.15% 1.35B
16.77x1.98x9.86x0.62% 106B
11.85x0.37x7.81x3.27% 104B
-253.43x17.64x-298.29x-.--% 52.43B
15.72x1.67x10.09x2.25% 32.79B
26.92x2.34x13.28x0.8% 29.5B
24.68x2.73x13.87x1.3% 28.03B
7.88x1.49x6.58x-.--% 22.8B
29.77x5.31x21.77x2.35% 20.12B
29.88x2.82x12.7x1.48% 16.86B
Average -7.78x 3.76x -19.59x 1.72% 41.39B
Weighted average by Cap. -16.86x 3.78x -28.65x 1.49%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Netcare Limited

Historical PBR trend

Valuation ratios - PBR - Netcare Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Netcare Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Netcare Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Netcare Limited
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