Company Valuation: H&R Block, Inc.

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,261 5,637 4,853 7,567 7,349 5,816 - -
Change - 32.3% -13.9% 55.91% -2.88% -20.86% - -
Enterprise Value (EV) 1 4,261 6,674 5,801 8,476 7,509 6,103 6,177 6,167
Change - 56.65% -13.08% 46.11% -11.41% -18.72% 1.21% -0.16%
P/E 6.45x 11x 9.08x 13.2x 12.5x 8.28x 8.29x 7.15x
PBR - - - - - - - -
PEG - -1x 1.01x 0.8x 1.91x 0.3x -91.85x 0.4x
Capitalization / Revenue 1.19x 1.63x 1.4x 2.1x 1.95x 1.49x 1.43x 1.39x
EV / Revenue 1.19x 1.93x 1.67x 2.35x 2x 1.56x 1.52x 1.48x
EV / EBITDA 4.05x 7.5x 6.34x 8.8x 7.69x 5.92x 5.77x 5.63x
EV / EBIT - 8.93x 7.4x 10.1x 8.74x 6.74x 6.59x 6.34x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - 1.08 1.16 1.28 1.5 1.69 1.777 1.96
Rate of return - 3.06% 3.64% 2.36% 2.73% 3.68% 3.87% 4.27%
EPS 2 3.64 3.22 3.51 4.12 4.39 5.54 5.535 6.42
Distribution rate - 33.5% 33% 31.1% 34.2% 30.5% 32.1% 30.5%
Net sales 1 3,589 3,463 3,472 3,610 3,761 3,912 4,054 4,177
EBITDA 1 1,051 889.5 914.7 963.2 976.3 1,031 1,071 1,096
EBIT 1 - 747.4 784.2 841.4 859.5 905.8 937.5 973.2
Net income 1 683.9 553.7 553.7 595.3 605.8 713.5 648.4 658.2
Net Debt 1 - 1,038 947.9 909.2 160 287.3 361.3 351.5
Reference price 2 23.48 35.32 31.87 54.23 54.89 45.88 45.88 45.88
Nbr of stocks (in thousands) 181,466 159,594 152,284 139,530 133,880 126,760 - -
Announcement Date 8/9/21 8/9/22 8/15/23 8/15/24 8/12/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.32x1.57x5.94x3.67% 5.84B
15.14x1.64x7.29x4.48% 164M
Average 11.73x 1.60x 6.62x 4.07% 3B
Weighted average by Cap. 8.50x 1.57x 5.98x 3.69%

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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