Company Valuation: First Capital, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 204.4 136.6 83.95 93.48 108.1 198.2
Change - -33.16% -38.56% 11.36% 15.64% 83.33%
Enterprise Value (EV) 1 22.72 -40.65 14.01 72.42 -0.5099 59.42
Change - -278.89% 134.48% 416.75% -100.7% 11,753.47%
P/E 20.1x 11.9x 7.02x 7.3x 9.04x 12.1x
PBR 1.85x 1.2x 0.99x 0.89x 0.94x 1.44x
PEG - 0.9x 1.74x 0.95x -1.37x 0.3x
Capitalization / Revenue 5.86x 3.58x 2.13x 2.28x 2.57x 4.01x
EV / Revenue 0.65x -1.06x 0.36x 1.76x -0.01x 1.2x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.96 1.04 1.04 1.08 1.12 1.2
Rate of return 1.59% 2.57% 4.18% 3.87% 3.47% 2.03%
EPS 2 3.02 3.41 3.548 3.82 3.568 4.89
Distribution rate 31.8% 30.5% 29.3% 28.3% 31.4% 24.5%
Net sales 1 34.88 38.21 39.32 41.08 42 49.47
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 10.13 11.42 11.9 12.79 11.94 16.37
Net Debt 1 -181.7 -177.3 -69.93 -21.07 -108.6 -138.8
Reference price 2 60.56 40.50 24.90 27.90 32.25 59.20
Nbr of stocks (in thousands) 3,376 3,374 3,371 3,351 3,352 3,348
Announcement Date 3/15/21 3/14/22 3/22/23 3/29/24 3/31/25 3/31/26
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 211M
5.9x - - 5.32% 323B
19.28x - - 0.91% 102B
14.33x - - 4.74% 74.34B
7.74x - - 6.64% 61.17B
4.79x - - 6.3% 54.22B
17.35x - - 3.08% 47.8B
10.1x - - 4.21% 45.6B
12.46x - - 5.61% 42.01B
10.06x - - 3.99% 33.91B
Average 11.33x 4.53% 78.45B
Weighted average by Cap. 9.98x 4.62%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation First Capital, Inc.
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