Company Valuation: Barramundi Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 144 235.1 206.7 195.9 195.5 235.1
Change - 63.27% -12.09% -5.22% -0.22% 20.25%
Enterprise Value (EV) 1 1.538 48.72 37.94 -3.843 -22.04 -5.906
Change - 3,067.85% -22.13% -110.13% -473.43% 73.2%
P/E 10.7x 4.69x -5.5x 5.02x 6.96x 27.8x
PBR 1.02x 1.27x 1.21x 0.98x 0.91x 0.98x
PEG - 0x 0x -0x -0.2x -0.4x
Capitalization / Revenue 9.15x 4.15x -6.31x 4.49x 5.92x 18.7x
EV / Revenue 0.1x 0.86x -1.16x -0.09x -0.67x -0.47x
EV / EBITDA - - - - - -
EV / EBIT 0.12x 0.95x -1.08x -0.1x -0.76x -0.69x
EV / FCF 0.16x 1.5x -1.57x -0.15x -1.16x -1.45x
FCF Yield 611% 66.5% -63.7% -677% -86.4% -68.8%
Dividend per Share 2 0.0551 0.0635 0.0639 0.056 0.0597 0.0588
Rate of return 7.99% 5.77% 8.29% 7.89% 8.65% 8.52%
EPS 2 0.0642 0.2343 -0.1399 0.1415 0.0992 0.0249
Distribution rate 85.8% 27.1% -45.7% 39.6% 60.2% 237%
Net sales 1 15.73 56.7 -32.76 43.6 33.02 12.6
EBITDA - - - - - -
EBIT 1 12.73 51.21 -35.28 39.45 28.92 8.611
Net income 1 12.52 52.32 -34.64 38.33 28.11 7.911
Net Debt 1 -142.5 -186.4 -168.8 -199.8 -217.5 -241
Reference price 2 0.6900 1.1000 0.7700 0.7100 0.6900 0.6900
Nbr of stocks (in thousands) 208,726 213,765 268,470 275,960 283,340 340,711
Announcement Date 8/27/20 9/16/21 8/22/22 8/22/23 9/23/24 8/18/25
1NZD in Million2NZD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 109M
21.43x5.72x12.64x2.16% 163B
15.32x3.52x - 2.37% 154B
16.44x7.28x - 1.54% 98.58B
24.43x11.93x17.15x4.24% 74.82B
13.96x5.22x - 2.06% 46.58B
11.02x1.58x4.94x1.42% 42.02B
15.33x5.23x16.35x1.89% 31.85B
4.11x4.2x4.18x4.3% 29.42B
Average 15.26x 5.58x 11.05x 2.5% 71.19B
Weighted average by Cap. 17.22x 5.75x 12.30x 2.39%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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