Company Valuation: Master Drilling Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 77.42 108.8 128.9 112.6 108.4 145.5
Change - 40.54% 18.49% -12.64% -3.8% 34.26%
Enterprise Value (EV) 1 99.44 123.4 154.2 137.6 129.7 176.6
Change - 24.13% 24.89% -10.75% -5.71% 36.13%
P/E 23.3x 5.45x 6x 5.47x 6.26x 4.78x
PBR 0.47x 0.62x 0.76x 0.61x 0.58x 0.66x
PEG - 0x 0.79x -1.26x -0.4x 0.1x
Capitalization / Revenue 0.63x 0.63x 0.57x 0.46x 0.4x 0.5x
EV / Revenue 0.81x 0.72x 0.68x 0.57x 0.48x 0.6x
EV / EBITDA 5.02x 3.21x 3.11x 2.98x 2.28x 3.54x
EV / EBIT 8.95x 4.44x 4.39x 4.23x 2.99x 4.94x
EV / FCF 7.33x 17.2x -107x 103x 5x -53.7x
FCF Yield 13.6% 5.82% -0.93% 0.97% 20% -1.86%
Dividend per Share 2 - 0.0204 0.0279 0.0287 0.0344 -
Rate of return - 2.83% 3.28% 3.86% 4.78% -
EPS 2 0.022 0.132 0.142 0.1358 0.115 0.202
Distribution rate - 15.4% 19.7% 21.1% 29.9% -
Net sales 1 123.1 171.8 226.4 242.8 270.8 292
EBITDA 1 19.82 38.5 49.64 46.21 56.83 49.86
EBIT 1 11.12 27.77 35.1 32.5 43.36 35.75
Net income 1 3.336 20.03 21.53 20.58 17.42 30.48
Net Debt 1 22.02 14.64 25.24 24.96 21.38 31.13
Reference price 2 0.5118 0.7193 0.8517 0.7435 0.7197 0.9663
Nbr of stocks (in thousands) 151,263 151,263 151,363 151,478 150,543 150,537
Announcement Date 3/22/21 4/20/22 4/27/23 2/29/24 3/25/25 3/31/26
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 144M
12.9x - - 1.61% 6.83B
14.47x2.18x9.83x1.82% 4.66B
11.36x0.64x3.37x3.51% 1.5B
27.96x3.1x9.89x1.19% 1.21B
29.09x1.25x9.23x - 956M
Average 19.15x 1.79x 8.08x 2.03% 2.55B
Weighted average by Cap. 15.45x 1.93x 8.61x 1.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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