Company Valuation: First Pacific Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,572 1,266 1,687 2,470 3,261 2,623 - -
Change - -19.5% 33.25% 46.43% 32.05% -19.58% - -
Enterprise Value (EV) 1 9,286 9,803 9,924 11,090 11,483 10,740 10,363 10,448
Change - 5.57% 1.23% 11.75% 3.54% -6.47% -3.51% 0.82%
P/E 4.77x 3.25x 3.37x 4.11x 4.94x 3.86x 3.29x 3.07x
PBR 0.48x 0.38x 0.46x 0.63x 0.74x 0.54x 0.48x 0.43x
PEG - 0.2x 0.1x 0.2x 0.52x 1.3x 0.2x 0.44x
Capitalization / Revenue 0.17x 0.12x 0.16x 0.25x 0.32x 0.25x 0.25x 0.23x
EV / Revenue 1.02x 0.95x 0.94x 1.1x 1.12x 1.04x 0.97x 0.92x
EV / EBITDA 5.43x 4.56x 4.01x 4.51x 2.88x 3.8x 3.49x 3.9x
EV / EBIT 7.6x 5.83x 4.93x 5.46x 3.25x 4.63x 4.19x 3.7x
EV / FCF 10.5x 8.73x 7.07x 8.52x 9.42x 8.14x 7.99x 8.22x
FCF Yield 9.54% 11.5% 14.1% 11.7% 10.6% 12.3% 12.5% 12.2%
Dividend per Share 2 0.0243 0.0282 0.0295 0.0327 0.0346 0.0371 0.0424 0.0475
Rate of return 6.6% 9.44% 7.41% 5.63% 4.52% 6.03% 6.88% 7.71%
EPS 2 0.0771 0.0919 0.1181 0.1414 0.1549 0.1595 0.1874 0.2004
Distribution rate 31.5% 30.7% 25% 23.1% 22.3% 23.3% 22.6% 23.7%
Net sales 1 9,103 10,305 10,511 10,057 10,232 10,368 10,663 11,324
EBITDA 1 1,709 2,150 2,475 2,462 3,983 2,826 2,970 2,680
EBIT 1 1,221 1,682 2,013 2,031 3,529 2,318 2,471 2,826
Net income 1 333.3 391.6 501.2 600.3 661 677.1 793.6 855
Net Debt 1 7,714 8,538 8,238 8,621 8,222 8,117 7,740 7,825
Reference price 2 0.3681 0.2988 0.3981 0.5806 0.7657 0.6158 0.6158 0.6158
Nbr of stocks (in thousands) 4,272,062 4,235,939 4,236,656 4,253,694 4,259,213 4,259,213 - -
Announcement Date 3/31/22 3/30/23 3/27/24 3/28/25 3/30/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
3.83x1.03x3.79x6.07% 2.6B
20.35x2.78x13.85x4.07% 241B
19.44x2.45x14.63x3.37% 77.96B
16.19x1.7x9.6x3.86% 44.83B
15.25x0.54x9.75x2.58% 39.68B
20.39x3.11x12.62x3.43% 33.85B
33.6x2.92x16.98x1.1% 29.74B
-8.46x1.85x9.19x6.68% 28.46B
63.24x9.7x40.23x1.2% 27.54B
11.21x0.37x8.46x2.62% 21.13B
Average 19.51x 2.65x 13.91x 3.5% 54.72B
Weighted average by Cap. 20.46x 2.71x 14.24x 3.59%

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

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