Company Valuation: Lewis Group Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 2,164 2,948 2,343 2,358 3,502 4,112
Change - 36.24% -20.53% 0.62% 48.53% 17.41%
Enterprise Value (EV) 1 2,299 3,515 3,334 3,714 5,070 6,010
Change - 52.86% -5.15% 11.42% 36.49% 18.55%
P/E 5.43x 6.1x 6.15x 5.57x 5.05x 4.98x
PBR 0.45x 0.62x 0.51x 0.49x 0.72x 0.74x
PEG - 0.2x -0.5x 0.3x 0.1x 0.4x
Capitalization / Revenue 0.32x 0.41x 0.31x 0.29x 0.38x 0.4x
EV / Revenue 0.34x 0.48x 0.45x 0.45x 0.55x 0.58x
EV / EBITDA 2.9x 4.11x 4.21x 4.34x 3.97x 4.04x
EV / EBIT 3.13x 4.58x 4.74x 4.92x 4.33x 4.37x
EV / FCF 3.85x 6.81x 14.8x 13x 13.7x 18.2x
FCF Yield 26% 14.7% 6.76% 7.69% 7.28% 5.48%
Dividend per Share 2 3.28 4.13 4.13 5 8 8.97
Rate of return 10.7% 8.79% 10.1% 11.5% 11.3% 11.4%
EPS 2 5.653 7.708 6.662 7.812 14.03 15.87
Distribution rate 58% 53.6% 62% 64% 57% 56.5%
Net sales 1 6,726 7,256 7,483 8,184 9,288 10,320
EBITDA 1 792.3 854.4 792.4 855 1,277 1,488
EBIT 1 735.2 766.8 702.8 754.9 1,170 1,376
Net income 1 432.9 483.1 407.1 436.4 754.9 853.8
Net Debt 1 135.1 566.3 990.6 1,357 1,568 1,899
Reference price 2 30.71 47.00 41.00 43.50 70.90 79.00
Nbr of stocks (in thousands) 70,473 62,733 57,151 54,200 49,393 52,045
Announcement Date 5/27/21 5/26/22 5/25/23 5/31/24 5/29/25 5/28/26
1ZAR in Million2ZAR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 251M
23.54x3.16x15.06x1.28% 27.31B
19.25x1.79x8.39x1.04% 11.04B
18.03x1.22x7.77x-.--% 2.35B
10.19x1.05x6.27x5.75% 2.09B
18.1x1.08x9.66x-.--% 1.38B
19.24x - - 1.79% 1.36B
11.28x0.68x5.45x3.93% 1.19B
16.36x2.19x6.47x5.2% 833M
16.68x1.06x6.43x4.57% 561M
Average 16.96x 1.53x 8.19x 2.62% 4.84B
Weighted average by Cap. 20.92x 2.47x 12.06x 1.51%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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