Company Valuation: Investec plc

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,610 3,845 4,725 4,046 4,772 5,411 - -
Change - -16.58% 22.88% -14.39% 17.95% 13.41% - -
Enterprise Value (EV) 4,610 3,845 4,725 4,046 4,772 5,411 5,411 5,411
Change - -16.58% 22.88% -14.39% 17.95% 13.41% 0% 0%
P/E - - 5.16x 6.83x 7.55x 8.28x 7.5x 6.55x
PBR - - - - 0.89x - - -
PEG - - - -0.2x 1.13x 2.82x 0.7x 0.5x
Capitalization / Revenue 2.32x 1.69x 2.31x 1.85x 2.09x 2.27x 2.13x 1.98x
EV / Revenue 0x 0x 0x 0x 0x 2.27x 2.13x 1.98x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 5.09x 4.71x 4.31x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.257 - 0.345 0.365 0.385 0.41 0.45 0.51
Rate of return 5.07% - 6.61% 7.6% 6.8% 6.41% 7.04% 7.97%
EPS 2 - - 1.01 0.703 0.75 0.772 0.853 0.977
Distribution rate - - 34.2% 51.9% 51.3% 53.1% 52.8% 52.2%
Net sales 1 1,990 2,280 2,046 2,190 2,281 2,381 2,538 2,731
EBITDA - - - - - - - -
EBIT 1 716.2 917 963.6 1,039 1,075 1,062 1,150 1,256
Net income 1 516.2 804.9 941 693.5 724.5 757.9 841.7 918.8
Net Debt - - - - - - - -
Reference price 2 5.070 4.477 5.216 4.801 5.660 6.396 6.396 6.396
Nbr of stocks (in thousands) 913,590 856,353 896,090 843,759 834,812 837,503 - -
Announcement Date 5/19/22 5/18/23 5/23/24 5/22/25 5/21/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.19x3.38x9.26x3.15% 63.45B
7.87x - - 3.18% 42.75B
13.15x - - 2.13% 14.71B
8.02x0.97x - 3.32% 13.43B
12.67x0.86x - 1.93% 9.11B
8.28x - - 6.41% 7.24B
20.23x24.45x77.92x2.28% 4.41B
-82.04x2.76x14.63x1.39% 4.37B
Average 0.80x 6.48x 33.93x 2.97% 19.93B
Weighted average by Cap. 10.64x 3.75x 13.78x 3.08%

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

-40%: Exceptional extension
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