Company Valuation: Kingfish Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 592.9 561.5 435.9 425.7 445.8 427
Change - -5.29% -22.38% -2.34% 4.73% -4.22%
Enterprise Value (EV) 1 32.82 58.68 -23.69 -32.51 -23.68 -2.084
Change - 78.78% -140.38% -37.21% 27.17% 91.2%
P/E 3.48x -31.9x -22x 21x 10.8x -30.9x
PBR 1.08x 1.11x 0.94x 0.92x 0.95x 0.99x
PEG - 0x -2.36x -0x 0.1x 0x
Capitalization / Revenue 3.8x -46.5x -29.7x 15.9x 9.24x -51.4x
EV / Revenue 0.21x -4.86x 1.62x -1.21x -0.49x 0.25x
EV / EBITDA - - - - - -
EV / EBIT 0.23x -3.39x 1.22x -1.63x -0.58x 0.15x
EV / FCF 0.33x -2.67x 2.04x -2.16x -0.96x 0.2x
FCF Yield 304% -37.4% 49% -46.2% -104% 495%
Dividend per Share 2 0.1402 0.139 0.1164 0.1066 0.1118 0.1058
Rate of return 7.38% 7.94% 8.82% 8.53% 8.73% 8.89%
EPS 2 0.5465 -0.0549 -0.06 0.0596 0.119 -0.0385
Distribution rate 25.7% -253% -194% 179% 93.9% -275%
Net sales 1 156 -12.07 -14.67 26.77 48.23 -8.303
EBITDA - - - - - -
EBIT 1 142.7 -17.29 -19.45 19.93 40.83 -13.54
Net income 1 142.7 -17.31 -19.47 19.9 40.81 -13.56
Net Debt 1 -560.1 -502.9 -459.6 -458.2 -469.5 -429.1
Reference price 2 1.900 1.750 1.320 1.250 1.280 1.190
Nbr of stocks (in thousands) 312,037 320,875 330,213 340,543 348,301 358,844
Announcement Date 6/30/21 6/29/22 5/22/23 5/20/24 5/19/25 5/25/26
1NZD in Million2NZD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 252M
19.17x3.64x9.95x2.98% 65.77B
12.32x - - 3.03% 43.6B
7.49x - - 2.38% 13.51B
6.08x0.88x - 4.03% 11.15B
11.49x0.84x - 1.95% 8.94B
7.96x - - 6.68% 7.02B
-1226.71x2.81x15.21x1.05% 4.37B
26.08x - - 1.72% 3.96B
Average -142.01x 2.04x 12.58x 2.98% 17.62B
Weighted average by Cap. -19.74x 2.98x 10.28x 3.04%

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 Kingfish Limited