Company Valuation: Donegal Investment Group plc

Data adjusted to current consolidation scope
Fiscal Period: August 2020 2021 2022 2023 2024 2025
Market Cap 1 44.94 36.07 30.45 27.39 25.07 21.96
Change - -19.74% -15.59% -10.04% -8.46% -12.41%
Enterprise Value (EV) 1 31.74 32.38 27.5 21.25 16.28 18
Change - 2.03% -15.06% -22.74% -23.37% 10.53%
P/E 24.9x 9.3x 3.19x 13.6x 13.8x 214x
PBR 2.13x 1.74x 2.18x 1.68x 1.39x 1.71x
PEG - 0x 0x -0.2x -1.4x -2.3x
Capitalization / Revenue 1x 1.38x 1.21x 0.92x 0.76x -
EV / Revenue 0.71x 1.24x 1.09x 0.71x 0.49x -
EV / EBITDA 11.5x 10.9x 24.4x 12.1x 8.26x -18.7x
EV / EBIT 15.7x 17.4x 45.1x 13.7x 9.1x -15.6x
EV / FCF 2.14x -1.57x 3.72x 12.6x 7.28x -3.32x
FCF Yield 46.7% -63.8% 26.9% 7.96% 13.7% -30.1%
Dividend per Share 2 - - - - - 0.24
Rate of return - - - - - 1.33%
EPS 2 0.5028 1.371 6.273 1.325 1.194 0.0845
Distribution rate - - - - - 284%
Net sales 1 44.96 26.09 25.22 29.72 33.1 -
EBITDA 1 2.758 2.965 1.127 1.751 1.971 -0.96
EBIT 1 2.026 1.861 0.61 1.547 1.789 -1.151
Net income 1 1.957 3.877 13.31 2.016 1.815 0.113
Net Debt 1 -13.2 -3.686 -2.943 -6.14 -8.787 -3.96
Reference price 2 12.50 12.75 20.00 18.00 16.50 18.10
Nbr of stocks (in thousands) 3,595 2,829 1,522 1,522 1,519 1,213
Announcement Date 2/13/21 5/16/22 12/22/22 12/19/23 12/18/24 12/12/25
1EUR in Million2EUR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 17.7M
15.42x0.51x6.56x1.95% 5.9B
18.12x0.9x8.36x3.58% 608M
13.24x - - 2.94% 417M
-335.92x - - - 299M
Average -72.28x 0.70x 7.46x 2.82% 1.45B
Weighted average by Cap. 0.98x 0.54x 6.73x 2.15%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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