Company Valuation: Centum Investment Company Plc

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 15,006 10,381 8,052 5,962 5,299 7,981
Change - -30.82% -22.44% -25.95% -11.13% 50.62%
Enterprise Value (EV) 1 28,651 30,356 26,723 24,478 20,490 24,775
Change - 5.95% -11.97% -8.4% -16.29% 20.91%
P/E 2.2x -16.8x -11x -1.42x 1.88x 6.13x
PBR 0.32x 0.24x 0.19x 0.16x 0.13x 0.19x
PEG - 0x -0.6x -0x -0x -0.1x
Capitalization / Revenue 0.6x 1.53x 0.73x 0.55x 0.47x 1.31x
EV / Revenue 1.15x 4.46x 2.41x 2.28x 1.82x 4.08x
EV / EBITDA 2.01x -107x 7.56x -24.2x -19.6x -64.7x
EV / EBIT 2.13x -52.3x 8.21x -17.7x -15.3x -35.9x
EV / FCF 4.91x -8.49x -2.37x 12.4x 3.05x -15x
FCF Yield 20.4% -11.8% -42.2% 8.09% 32.8% -6.67%
Dividend per Share 2 1.2 0.33 0.587 0.6 0.32 0.32
Rate of return 5.32% 2.12% 4.85% 6.7% 3.99% 2.55%
EPS 2 10.25 -0.9302 -1.101 -6.32 4.27 2.047
Distribution rate 11.7% -35.5% -53.3% -9.49% 7.49% 15.6%
Net sales 1 24,959 6,801 11,089 10,754 11,289 6,078
EBITDA 1 14,259 -284.7 3,536 -1,010 -1,048 -382.7
EBIT 1 13,454 -580.7 3,253 -1,382 -1,336 -689.7
Net income 1 6,820 -619 -732.6 -4,180 2,807 1,340
Net Debt 1 13,645 19,975 18,671 18,516 15,191 16,795
Reference price 2 22.55 15.60 12.10 8.96 8.02 12.55
Nbr of stocks (in thousands) 665,442 665,442 665,442 665,442 660,700 635,925
Announcement Date 8/28/20 9/8/21 8/25/22 8/30/23 9/17/24 9/7/25
1KES in Million2KES
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 73.94M
19.86x5.56x11.93x2.14% 166B
15.45x3.6x - 2.33% 164B
17.1x7.54x - 1.46% 107B
26.36x12.26x21.03x4.11% 77.17B
13.83x5.29x - 1.92% 50.13B
12.08x1.83x5.73x1.27% 47.45B
4.83x4.85x4.89x3.66% 34.84B
14.1x5.45x18.01x1.79% 34.17B
Average 15.45x 5.80x 12.32x 2.34% 75.6B
Weighted average by Cap. 17.06x 5.84x 12.96x 2.29%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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