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 Ratio 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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 253M
18.34x3.39x9.29x3.12% 62.63B
15.02x3.87x27.48x2.57% 41.78B
7.12x - - 2.56% 12.39B
4.56x1.25x - 3.91% 11.41B
10.62x0.75x - 2.11% 8.29B
8.84x - - 5.82% 7.16B
-178.29x3.05x16.88x0.95% 4.64B
15.76x - - - 4.26B
26.08x - - 1.72% 3.96B
Average -7.99x 2.46x 17.88x 2.85% 15.68B
Weighted average by Cap. 9.01x 3.17x 16.58x 2.96%

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
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