Company Valuation: Centum Investment Company Plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 10,381 8,052 5,962 5,299 7,981 8,903
Change - -22.44% -25.95% -11.13% 50.62% 11.55%
Enterprise Value (EV) 1 30,356 26,723 24,478 20,490 24,775 24,208
Change - -11.97% -8.4% -16.29% 20.91% -2.29%
P/E -16.8x -11x -1.42x 1.88x 6.13x 6.83x
PBR 0.24x 0.19x 0.16x 0.13x 0.19x 0.21x
PEG - -0.6x -0x -0x -0.1x -2.55x
Capitalization / Revenue 1.53x 0.73x 0.55x 0.47x 1.31x 1.75x
EV / Revenue 4.46x 2.41x 2.28x 1.82x 4.08x 4.75x
EV / EBITDA -107x 7.56x -24.2x -19.6x -64.7x 364x
EV / EBIT -52.3x 8.21x -17.7x -15.3x -35.9x -129x
EV / FCF -8.49x -2.37x 12.4x 3.05x -15x -3.13x
FCF Yield -11.8% -42.2% 8.09% 32.8% -6.67% -31.9%
Dividend per Share 2 0.33 0.587 0.6 0.32 0.32 0.42
Rate of return 2.12% 4.85% 6.7% 3.99% 2.55% 3.09%
EPS 2 -0.9302 -1.101 -6.32 4.27 2.047 1.993
Distribution rate -35.5% -53.3% -9.49% 7.49% 15.6% 21.1%
Net sales 1 6,801 11,089 10,754 11,289 6,078 5,092
EBITDA 1 -284.7 3,536 -1,010 -1,048 -382.7 66.52
EBIT 1 -580.7 3,253 -1,382 -1,336 -689.7 -188.1
Net income 1 -619 -732.6 -4,180 2,807 1,340 1,305
Net Debt 1 19,975 18,671 18,516 15,191 16,795 15,306
Reference price 2 15.60 12.10 8.96 8.02 12.55 13.60
Nbr of stocks (in thousands) 665,442 665,442 665,442 660,700 635,925 654,603
Announcement Date 9/8/21 8/25/22 8/30/23 9/17/24 9/7/25 9/10/26
1KES in Million2KES
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 92.29M
19.34x5.5x11.77x2.16% 164B
13.78x3.38x - 2.56% 147B
16.22x7.3x - 1.54% 101B
20.22x11.39x16.52x4.44% 72.35B
13.44x5.21x - 1.95% 49.43B
11.03x1.64x5.04x1.33% 44.41B
5.12x5.3x3.81x3.57% 35.27B
13.64x5.06x15.79x1.93% 31.83B
Average 14.10x 5.60x 10.59x 2.43% 71.8B
Weighted average by Cap. 15.60x 5.64x 11.46x 2.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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