Company Valuation: Comvita Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 177.9 242.5 221 203.4 76.55 33.84
Change - 36.31% -8.86% -7.99% -62.37% -55.8%
Enterprise Value (EV) 1 205.1 260.7 259.4 272.1 177.8 116.5
Change - 27.11% -0.5% 4.91% -34.66% -34.46%
P/E -13.3x 25.4x 17.5x 18.6x -0.99x -0.32x
PBR 0.84x 1.09x 0.97x 0.85x 0.48x 0.62x
PEG - -0x 0.5x -1.4x 0x -0x
Capitalization / Revenue 0.91x 1.26x 1.06x 0.87x 0.37x 0.18x
EV / Revenue 1.05x 1.36x 1.24x 1.16x 0.87x 0.61x
EV / EBITDA 23.2x 14.5x 10.1x 16.7x -41.2x -5.26x
EV / EBIT 78x 20.8x 12.9x 25.7x -15.7x -4.33x
EV / FCF 6.14x 21.9x -37.8x -7.88x -2,212x 3.38x
FCF Yield 16.3% 4.57% -2.65% -12.7% -0.05% 29.6%
Dividend per Share 2 - 0.04 0.055 0.055 0.01 -
Rate of return - 1.16% 1.74% 1.89% 0.92% -
EPS 2 -0.191 0.1359 0.1813 0.1566 -1.103 -1.488
Distribution rate - 29.4% 30.3% 35.1% -0.91% -
Net sales 1 195.9 191.7 208.9 234.2 204.3 192.4
EBITDA 1 8.844 17.92 25.71 16.33 -4.316 -22.14
EBIT 1 2.629 12.53 20.06 10.58 -11.29 -26.91
Net income 1 -9.701 9.479 12.78 11.06 -77.39 -104.8
Net Debt 1 27.16 18.16 38.35 68.74 101.3 82.7
Reference price 2 2.5500 3.4500 3.1700 2.9100 1.0900 0.4800
Nbr of stocks (in thousands) 69,778 70,300 69,731 69,894 70,225 70,492
Announcement Date 8/24/20 9/15/21 8/25/22 8/22/23 8/29/24 8/29/25
1NZD in Million2NZD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 59.83M
20.45x2.82x14.08x3.98% 250B
19.81x2.49x14.83x3.31% 79.36B
17.51x1.8x10.2x3.61% 48.61B
15.05x0.56x10.05x2.56% 39.18B
21.92x3.32x13.43x3.19% 36.38B
39.61x3.38x19.66x0.91% 34.27B
68.15x10.46x43.36x1.12% 29.65B
99.75x1.88x9.36x6.47% 29.35B
Average 37.78x 3.34x 16.87x 3.14% 60.76B
Weighted average by Cap. 27.85x 2.95x 15.19x 3.48%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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