Company Valuation: Xero Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 20,173 16,527 14,376 22,060 26,071 16,029 - -
Change - -18.07% -13.02% 53.45% 18.18% -38.52% - -
Enterprise Value (EV) 1 19,916 16,476 14,278 21,638 24,969 16,511 16,119 15,312
Change - -17.27% -13.34% 51.54% 15.4% -33.87% -2.38% -5%
P/E ratio 984x -1,849x -126x 128x 116x 66.4x 61.8x 38.3x
PBR 27.1x 16x 13.7x 16x 11.9x 3.13x 2.92x 2.64x
PEG - 13x -0x -1x 4x -19.8x 8.34x 0.6x
Capitalization / Revenue 23.8x 15.1x 10.3x 12.9x 12.4x 5.86x 4.5x 3.74x
EV / Revenue 23.5x 15x 10.2x 12.6x 11.9x 6.04x 4.52x 3.57x
EV / EBITDA 104x 77.5x 47.3x 41.1x 39x 22.3x 18.9x 13.9x
EV / EBIT 323x 247x -239x 90.3x 70.2x 44.1x 39.8x 25.4x
EV / FCF 292x 7,948x 140x 63x 49.3x 35.4x 33.6x 23x
FCF Yield 0.34% 0.01% 0.72% 1.59% 2.03% 2.82% 2.98% 4.34%
Dividend per Share 2 - - - - - - - 0.3704
Rate of return - - - - - - - 0.39%
EPS 2 0.14 -0.06 -0.76 1.14 1.47 1.421 1.526 2.464
Distribution rate - - - - - - - 15%
Net sales 1 848.8 1,097 1,400 1,714 2,103 2,735 3,565 4,288
EBITDA 1 191.2 212.7 301.7 526.5 640.6 739.4 851.6 1,100
EBIT 1 61.69 66.67 -59.8 239.6 355.7 374.6 405.4 603.7
Net income 1 19.77 -9.114 -113.5 174.6 227.8 232.6 263 450
Net Debt 1 -256.6 -51.22 -97.39 -422.1 -1,102 482.3 90.14 -716.1
Reference price 2 137.78 110.97 95.73 145.41 170.30 94.29 94.29 94.29
Nbr of stocks (in thousands) 146,413 148,934 150,173 151,707 153,089 169,994 - -
Announcement Date 5/12/21 5/11/22 5/17/23 5/22/24 5/14/25 - - -
1NZD in Million2NZD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
64.75x5.89x21.8x-.--% 9.43B
40.23x22.32x28.39x-.--% 127B
14.28x4.01x8.39x-.--% 107B
66.43x - - 0.38% 49.93B
41.22x6.62x16.62x-.--% 47.67B
449.43x11.72x48.08x-.--% 43.21B
49.96x3.55x11.08x-.--% 37.64B
22.55x5.31x13.42x0.99% 33.64B
25.79x6.78x13.84x-.--% 18.21B
110.02x3.75x25.65x-.--% 17.46B
Average 88.47x 7.77x 20.81x 0.14% 49.14B
Weighted average by Cap. 75.27x 10.53x 20.74x 0.11%

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

  1. Stock Market
  2. Equities
  3. XRO Stock
  4. Valuation Xero Limited