Company Valuation: Frasers Property Limited

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,425 3,848 3,278 3,435 4,005 3,514 - -
Change - -13.05% -14.8% 4.79% 16.57% -12.25% - -
Enterprise Value (EV) 1 17,932 16,416 17,081 18,007 4,005 19,903 20,151 3,514
Change - -8.45% 4.05% 5.42% -77.76% 397% 1.25% -82.56%
P/E 5.04x 4.45x 26.9x 20.8x 17.3x 28.6x 22.9x 19.9x
PBR 0.46x 0.37x 0.33x 0.36x 0.43x 0.37x 0.36x 0.33x
PEG - -2.49x -0.3x 0.6x 0.4x -0.6x 0.9x 1.3x
Capitalization / Revenue 1.18x 0.99x 0.83x 0.82x 1.18x 1.01x 0.93x 0.81x
EV / Revenue 4.76x 4.23x 4.33x 4.27x 1.18x 5.7x 5.36x 0.81x
EV / EBITDA 14.2x 13.4x 13.7x 15.7x 3.82x 15.2x 14.8x 2.97x
EV / EBIT 14.3x 14.4x 14.7x 16.9x 4.14x 16.4x 15.9x 3.19x
EV / FCF 13.5x 15x - - 4.06x 88.1x 22.1x 3.68x
FCF Yield 7.4% 6.66% - - 24.6% 1.14% 4.52% 27.2%
Dividend per Share 2 0.02 0.03 0.045 0.045 0.045 0.045 0.045 0.045
Rate of return 1.77% 3.06% 5.39% 5.14% 4.41% 5.03% 5.03% 5.03%
EPS 2 0.224 0.22 0.031 0.042 0.059 0.0312 0.0391 0.045
Distribution rate 8.93% 13.6% 145% 107% 76.3% 144% 115% 100%
Net sales 1 3,764 3,877 3,947 4,215 3,404 3,492 3,759 4,318
EBITDA 1 1,266 1,230 1,242 1,147 1,048 1,308 1,362 1,182
EBIT 1 1,257 1,141 1,162 1,068 968.4 1,211 1,266 1,100
Net income 1 833.1 928.3 173.1 206.3 243.1 123.5 154.2 178.3
Net Debt 1 13,506 12,568 13,803 14,572 - 16,389 16,637 -
Reference price 2 1.1300 0.9800 0.8350 0.8750 1.0200 0.8950 0.8950 0.8950
Nbr of stocks (in thousands) 3,916,086 3,926,042 3,926,042 3,926,042 3,926,042 3,926,042 - -
Announcement Date 11/11/21 11/11/22 11/10/23 11/12/24 11/13/25 - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.64x5.7x15.22x5.03% 2.75B
63.94x - - - 68.62B
12.31x4.33x11.1x3.91% 38.98B
19.16x4.11x16.52x1.28% 29.75B
14.62x3.17x15.16x2.39% 27.15B
8.05x1.47x8.24x4.4% 26.82B
5.51x0.69x1.44x8.98% 26.81B
8.63x3.06x7.13x-.--% 20.44B
9.79x1.91x7.37x4.29% 19.69B
13.6x6.51x17.12x1.6% 19.62B
Average 18.42x 3.44x 11.03x 3.54% 28.06B
Weighted average by Cap. 24.63x 3.20x 10.68x 3.51%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Frasers Property Limited

Historical PBR trend

Valuation ratios - PBR - Frasers Property Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Frasers Property Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Frasers Property Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Frasers Property Limited
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