Company Valuation: Metcash Limited

Data adjusted to current consolidation scope
Fiscal Period: April 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,625 3,766 4,301 3,537 2,991 3,233 - -
Change - -18.58% 14.21% -17.75% -15.44% 8.09% - -
Enterprise Value (EV) 1 4,814 5,165 5,614 5,343 4,825 5,113 5,136 5,116
Change - 7.28% 8.71% -4.83% -9.7% 5.96% 0.46% -0.39%
P/E 19.2x 14.6x 15.3x 12.4x 10.8x 12.4x 11.5x 10.5x
PBR 4.28x 3.51x 2.81x 2.18x 1.75x 1.81x 1.74x 1.66x
PEG - 2.03x -3.73x 15.93x -4.66x -1.93x 1.38x 1.12x
Capitalization / Revenue 0.3x 0.24x 0.27x 0.2x 0.17x 0.18x 0.18x 0.17x
EV / Revenue 0.32x 0.33x 0.35x 0.31x 0.28x 0.29x 0.29x 0.28x
EV / EBITDA 7.43x 7.64x 8.16x 7.15x 6.33x 6.46x 6.15x 5.84x
EV / EBIT 10.2x 10.3x 11.3x 10.5x 9.58x 10.1x 9.58x 8.98x
EV / FCF 15.5x 23.4x 16.2x 13.7x 12.6x 13.2x 11.6x 11.3x
FCF Yield 6.45% 4.27% 6.18% 7.31% 7.93% 7.6% 8.62% 8.86%
Dividend per Share 2 0.215 0.225 0.22 0.18 0.18 0.1744 0.1859 0.1995
Rate of return 4.49% 5.77% 5.58% 5.59% 6.62% 5.93% 6.32% 6.79%
EPS 2 0.25 0.268 0.257 0.259 0.253 0.2368 0.2564 0.2805
Distribution rate 86% 84% 85.6% 69.5% 71.1% 73.7% 72.5% 71.1%
Net sales 1 15,165 15,803 15,912 17,323 17,354 17,622 18,018 18,504
EBITDA 1 648.2 675.8 688.3 747.8 761.7 791.4 834.6 875.9
EBIT 1 472.3 500.8 496.3 507.8 503.7 504.4 536.3 569.6
Net income 1 245.4 259 257.2 283.3 279.1 259.3 280.3 301.9
Net Debt 1 189 1,399 1,314 1,806 1,834 1,880 1,903 1,883
Reference price 2 4.790 3.900 3.940 3.220 2.720 2.940 2.940 2.940
Nbr of stocks (in thousands) 965,542 965,542 1,091,554 1,098,582 1,099,726 1,099,726 - -
Announcement Date 6/26/22 6/25/23 6/23/24 6/22/25 6/21/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.15x0.77x11.35x1.08% 12.35B
15.69x0.63x9.03x3.02% 9.27B
46.51x1.14x16.7x-.--% 4.69B
12.42x0.29x6.46x5.93% 2.32B
18.63x0.34x6.72x4.06% 535M
-19.92x - - - 463M
15.49x0.31x6.38x6.62% 450M
Average 15.28x 0.58x 9.44x 3.45% 4.3B
Weighted average by Cap. 20.76x 0.73x 10.93x 2.03%

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