Company Valuation: Capitec Limited

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 239,851 203,698 233,629 356,035 549,409 484,525 - -
Change - -15.07% 14.69% 52.39% 54.31% -11.81% - -
Enterprise Value (EV) 1 239,851 203,698 233,629 356,035 549,409 484,525 484,525 484,525
Change - -15.07% 14.69% 52.39% 54.31% -11.81% 0% 0%
P/E 28.2x 20.9x 22.1x 25.9x 32.6x 25.1x 21.2x 18x
PBR 6.72x 5.2x - 6.99x 9.23x 7.13x 6.13x 5.24x
PEG - 1.5x 2.49x 0.9x 1.5x 1.5x 1.2x 1x
Capitalization / Revenue 8.9x 6.72x 6.48x 8.08x 10.5x 8.1x 7.08x 6.19x
EV / Revenue 8.9x 6.72x 6.48x 8.08x 10.5x 8.1x 7.08x 6.19x
EV / EBITDA - - - - - - - -
EV / EBIT 16.6x 11.1x 10.6x 13.7x 17.1x 14.1x 12.3x 11.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 36.4 42 48.75 65.1 79.8 94.56 115.1 132.6
Rate of return 1.75% 2.39% 2.42% 2.12% 1.68% 2.21% 2.69% 3.1%
EPS 2 73.6 83.92 91.37 118.8 145.4 170.5 201.7 237.1
Distribution rate 49.5% 50% 53.4% 54.8% 54.9% 55.5% 57.1% 55.9%
Net sales 1 26,961 30,307 36,043 44,067 52,421 59,810 68,464 78,223
EBITDA - - - - - - - -
EBIT 1 14,406 18,431 22,102 25,968 32,183 34,283 39,412 43,428
Net income 1 8,523 9,707 10,567 13,742 16,833 19,797 23,472 27,522
Net Debt 1 - - - - - - - -
Reference price 2 2,074.35 1,754.51 2,017.77 3,074.37 4,743.54 4,275.78 4,275.78 4,275.78
Nbr of stocks (in thousands) 115,627 116,100 115,786 115,808 115,823 115,840 - -
Announcement Date 4/12/22 4/18/23 4/23/24 4/23/25 4/22/26 - - -
1ZAR in Million2ZAR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.08x - - 1.92% 881B
6.27x - - 4.95% 417B
11.79x - - 2.21% 378B
6.68x - - 4.76% 358B
11.99x - - 4.36% 335B
6.2x - - 4.98% 331B
6.81x - - 4.67% 304B
17.2x - - 2.45% 272B
14.43x - - 2.73% 261B
Average 10.49x 3.67% 392.79B
Weighted average by Cap. 10.62x 3.45%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Capitec Limited

Historical PBR trend

Valuation ratios - PBR - Capitec Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Capitec Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Capitec Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Capitec Limited