Company Valuation: NRW Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 668.6 761.4 1,142 1,406 1,368 2,803 - -
Change - 13.88% 49.95% 23.18% -2.76% 104.95% - -
Enterprise Value (EV) 1 839.9 828 1,226 1,485 1,513 3,018 2,966 2,890
Change - -1.42% 48.07% 21.14% 1.88% 99.5% -1.74% -2.57%
P/E ratio 11.8x 7.92x 13.6x 13.6x 49.8x 16.8x 15.1x 14.1x
PBR 1.21x 1.27x 1.59x 1.82x 1.88x 4.06x 3.64x 3.27x
PEG - 0.1x -1x 0.6x -0.7x 0x 1.4x 1.96x
Capitalization / Revenue 0.3x 0.32x 0.43x 0.48x 0.42x 0.67x 0.62x 0.6x
EV / Revenue 0.38x 0.34x 0.46x 0.51x 0.46x 0.72x 0.66x 0.62x
EV / EBITDA 3.15x 3.04x 4.24x 4.44x 3.87x 6.42x 5.94x 5.57x
EV / EBIT 6.96x 5.27x 7.37x 7.61x 7.28x 10.8x 9.67x 8.95x
EV / FCF 12.2x 9.86x 23.1x 36.5x 14.1x 20.1x 13.7x 12.3x
FCF Yield 8.18% 10.1% 4.32% 2.74% 7.08% 4.98% 7.3% 8.1%
Dividend per Share 2 0.09 0.125 0.165 0.155 0.165 0.199 0.2251 0.2402
Rate of return 6.14% 7.37% 6.52% 5.02% 5.52% 3.26% 3.69% 3.94%
EPS 2 0.124 0.214 0.186 0.227 0.06 0.3633 0.4031 0.4321
Distribution rate 72.6% 58.4% 88.7% 68.3% 275% 54.8% 55.8% 55.6%
Net sales 1 2,222 2,407 2,667 2,913 3,268 4,193 4,517 4,638
EBITDA 1 266.7 272.4 288.8 334.8 391 469.8 499.3 518.8
EBIT 1 120.6 157 166.3 195.1 207.9 280.2 306.6 322.7
Net income 1 54.3 97.41 85.64 105.1 27.67 160.4 183.6 197.4
Net Debt 1 171.3 66.6 84.3 78.8 145.4 215.5 163.2 86.91
Reference price 2 1.465 1.695 2.530 3.090 2.990 6.100 6.100 6.100
Nbr of stocks (in thousands) 456,369 449,194 451,248 455,103 457,362 459,467 - -
Announcement Date 8/18/21 8/17/22 8/16/23 8/14/24 8/20/25 - - -
1AUD in Million2AUD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.43x0.71x6.3x3.33% 1.97B
66.53x2.77x27x0.08% 88.15B
14.78x1.21x6.62x3.98% 87.61B
32.5x2.29x22.01x0.99% 60.86B
43.87x4.99x29.91x0.17% 56.41B
59.88x4.99x31.8x1.41% 50.81B
34.29x0.79x13.56x1.84% 40.19B
29.65x0.59x9.39x1.96% 37.35B
28.11x1.85x17.66x0.17% 35.28B
4.37x0.26x5.13x5.41% 30.16B
Average 33.04x 2.05x 16.94x 1.93% 48.88B
Weighted average by Cap. 37.43x 2.36x 19.00x 1.68%

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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