Company Valuation: Comvita Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026
Market Cap 1 242.5 221 203.4 76.55 33.84 96.08
Change - -8.86% -7.99% -62.37% -55.8% 183.96%
Enterprise Value (EV) 1 260.7 259.4 272.1 177.8 116.5 113.6
Change - -0.5% 4.91% -34.66% -34.46% -2.5%
P/E 25.4x 17.5x 18.6x -0.99x -0.32x 7.41x
PBR 1.09x 0.97x 0.85x 0.48x 0.62x 0.99x
PEG - 0.5x -1.4x 0x -0x -0x
Capitalization / Revenue 1.26x 1.06x 0.87x 0.37x 0.18x 0.45x
EV / Revenue 1.36x 1.24x 1.16x 0.87x 0.61x 0.53x
EV / EBITDA 14.5x 10.1x 16.7x -41.2x -5.26x 7.92x
EV / EBIT 20.8x 12.9x 25.7x -15.7x -4.33x 8.54x
EV / FCF 21.9x -37.8x -7.88x -2,212x 3.38x 3.45x
FCF Yield 4.57% -2.65% -12.7% -0.05% 29.6% 29%
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 0.1359 0.1813 0.1566 -1.103 -1.488 0.0998
Distribution rate 29.4% 30.3% 35.1% -0.91% - -
Net sales 1 191.7 208.9 234.2 204.3 192.4 213
EBITDA 1 17.92 25.71 16.33 -4.316 -22.14 14.34
EBIT 1 12.53 20.06 10.58 -11.29 -26.91 13.3
Net income 1 9.479 12.78 11.06 -77.39 -104.8 7.743
Net Debt 1 18.16 38.35 68.74 101.3 82.7 17.54
Reference price 2 3.4500 3.1700 2.9100 1.0900 0.4800 0.7400
Nbr of stocks (in thousands) 70,300 69,731 69,894 70,225 70,492 129,839
Announcement Date 9/15/21 8/25/22 8/22/23 8/29/24 8/29/25 8/29/26
1NZD in Million2NZD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 63.48M
20.62x2.81x14.03x4.01% 249B
19.51x2.46x14.67x3.36% 78.21B
16.93x1.77x9.97x3.69% 47.64B
15.67x0.56x10.17x2.46% 40.78B
20.96x3.18x12.93x3.34% 34.79B
35.46x3.08x17.84x1.04% 31.65B
-15.21x1.89x9.38x6.46% 29.47B
65.78x10.1x41.87x1.16% 29B
Average 22.47x 3.23x 16.36x 3.19% 60.04B
Weighted average by Cap. 21.12x 2.88x 14.86x 3.53%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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