Company Valuation: Asset Plus Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 96.12 90.68 81.61 67.47 65.29 53.27 - -
Change - -5.66% -10% -17.33% -3.23% -18.41% - -
Enterprise Value (EV) 1 147.4 157.2 105.5 56.53 58.36 45.6 -51.4 -54.56
Change - 6.61% -32.86% -46.43% 3.23% -21.87% -212.73% -6.14%
P/E 32.7x -6.94x -15.4x -11.8x -20.7x -413x 164x -
PBR 0.6x 0.62x 0.58x 0.57x 0.59x 0.54x 0.56x 0.55x
PEG - 0x 0.3x -1.57x 0.5x 4.3x -0x -
Capitalization / Revenue 12,436,307x 26,162,565x 22,340,954x 13,718,078x 13,184,411x - - -
EV / Revenue - - - - - - - -
EV / EBITDA - - - - - - - -
EV / EBIT 24.5x 103x 55.5x 17.6x 16.4x 11.6x -11.6x 62.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.0112 - - 0.2 0.008 0.01 0.012 -
Rate of return 4.25% - - 108% 4.44% 6.21% 7.45% -
EPS 2 0.0081 -0.036 -0.0146 -0.0157 -0.0087 -0.00039 0.00098 -
Distribution rate 139% - - -1,274% -92% -2,564% 1,224% -
Net sales 7.729 3.466 3.653 4.918 4.952 - - -
EBITDA 6.018 1.527 1.9 3.27 3.625 - - -
EBIT 1 6.018 1.527 1.9 3.214 3.562 3.926 4.421 -0.8698
Net income 1 2.931 -13.05 -5.3 -5.696 -3.16 -0.1413 0.3549 -
Net Debt 1 51.31 66.5 23.92 -10.93 -6.926 -7.668 -104.7 -107.8
Reference price 2 0.2650 0.2500 0.2250 0.1860 0.1800 0.1610 0.1610 0.1610
Nbr of stocks (in thousands) 362,718 362,718 362,718 362,718 362,718 330,859 - -
Announcement Date 5/19/22 5/29/23 5/27/24 5/27/25 5/21/26 - - -
1NZD in Million2NZD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-412.82x - - 6.21% 31.2M
15.54x4.93x13.27x3.26% 44.27B
18.08x3.98x15.99x1.35% 28.56B
8.39x1.51x7.99x4.3% 27.68B
5.55x0.68x1.43x9.01% 26.71B
14.34x3.09x14.81x2.51% 26.28B
10.43x2.11x8.97x4.02% 20.99B
7.9x0.88x3.19x2.83% 20.22B
13.26x6.44x16.92x1.64% 19.43B
16.81x9.5x17.88x4.87% 18.18B
Average -30.25x 3.68x 11.16x 4% 23.23B
Weighted average by Cap. 12.44x 3.59x 11.19x 3.75%

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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