Company Valuation: Discovery Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 84,149 96,028 89,178 143,164 177,721 176,752 - -
Change - 14.12% -7.13% 60.54% 24.14% -0.55% - -
Enterprise Value (EV) 1 100,081 111,024 110,840 163,210 196,413 196,390 197,384 198,429
Change - 10.93% -0.17% 47.25% 20.34% -0.01% 0.51% 0.53%
P/E 15.7x 18.7x 12.5x 15.4x 13.7x 13.3x 11.9x 10.1x
PBR 1.6x 1.53x 1.54x 2.17x 2.15x 1.91x 1.7x 1.49x
PEG - -4.21x 0.3x 0.5x 0.4x 5.44x 1x 0.6x
Capitalization / Revenue 1.67x 1.94x 1.72x 2.48x 2.89x 2.73x 2.6x 2.47x
EV / Revenue 1.98x 2.24x 2.14x 2.83x 3.2x 3.04x 2.9x 2.77x
EV / EBITDA - - - - - - - -
EV / EBIT - 12.8x 9.55x 10.7x 11.1x 10.1x 8.86x 7.81x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - 1.52 - 3.84 4.681 5.715 7.117
Rate of return - - 1.13% - 1.45% 1.78% 2.17% 2.71%
EPS 2 8.178 7.815 10.76 13.95 19.26 19.73 22.17 25.93
Distribution rate - - 14.1% - 19.9% 23.7% 25.8% 27.5%
Net sales 1 50,520 49,535 51,857 57,713 61,442 64,641 68,021 71,583
EBITDA - 8,718 13,763 - - - - -
EBIT 1 - 8,662 11,604 15,210 17,750 19,531 22,287 25,401
Net income 1 5,422 5,258 7,283 9,471 13,132 13,328 15,478 17,471
Net Debt 1 15,932 14,996 21,662 20,046 18,692 19,638 20,632 21,677
Reference price 2 128.10 145.85 134.69 214.80 264.23 262.78 262.78 262.78
Nbr of stocks (in thousands) 656,900 658,400 662,100 666,500 672,600 672,622 - -
Announcement Date 9/7/22 9/21/23 9/19/24 9/11/25 9/3/26 - - -
1ZAR in Million2ZAR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.32x3.04x - 1.78% 10.78B
6.43x4.86x - 5.35% 136B
10.48x0.91x - 5.81% 99.6B
12.83x - - 2.83% 98.98B
13.7x1.03x1.05x4.26% 74.49B
14.96x - - 3.15% 72.43B
12.7x - - 2.41% 61.77B
17.62x - - 2.9% 58.95B
16.25x3.05x - 2.12% 57.77B
12.23x - - 4.52% 51.46B
Average 13.05x 2.58x 1.05x 3.51% 72.25B
Weighted average by Cap. 12.22x 2.74x 1.05x 3.91%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. DSY Stock
  4. Valuation Discovery Limited