Company Valuation: Metcash Limited

Data adjusted to current consolidation scope
Fiscal Period: April 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,629 4,625 3,766 4,301 3,537 3,497 - -
Change - 27.43% -18.58% 14.21% -17.75% -1.14% - -
Enterprise Value (EV) 1 3,505 4,814 5,165 5,614 5,343 5,325 5,343 5,368
Change - 37.35% 7.28% 8.71% -4.83% -0.34% 0.34% 0.46%
P/E 15.2x 19.2x 14.6x 15.3x 12.4x 12.8x 12.3x 11.5x
PBR 2.84x 4.28x 3.51x 2.81x 2.18x 2.03x 1.94x 1.85x
PEG - 2.63x 2.03x -3.73x 15.93x -3.41x 3.38x 1.69x
Capitalization / Revenue 0.25x 0.3x 0.24x 0.27x 0.2x 0.2x 0.2x 0.19x
EV / Revenue 0.24x 0.32x 0.33x 0.35x 0.31x 0.31x 0.3x 0.3x
EV / EBITDA 6.2x 7.43x 7.64x 8.16x 7.15x 7.04x 6.82x 6.54x
EV / EBIT 8.73x 10.2x 10.3x 11.3x 10.5x 10.6x 10.2x 9.7x
EV / FCF 8.99x 15.5x 23.4x 16.2x 13.7x 15.8x 14x 12.3x
FCF Yield 11.1% 6.45% 4.27% 6.18% 7.31% 6.33% 7.16% 8.1%
Dividend per Share 2 0.175 0.215 0.225 0.22 0.18 0.1763 0.1835 0.1945
Rate of return 4.93% 4.49% 5.77% 5.58% 5.59% 5.54% 5.77% 6.12%
EPS 2 0.233 0.25 0.268 0.257 0.259 0.2493 0.2583 0.2759
Distribution rate 75.1% 86% 84% 85.6% 69.5% 70.7% 71% 70.5%
Net sales 1 14,315 15,165 15,803 15,912 17,323 17,396 17,663 18,057
EBITDA 1 565.1 648.2 675.8 688.3 747.8 756.7 783.8 821.1
EBIT 1 401.4 472.3 500.8 496.3 507.8 500.2 523 553.3
Net income 1 239 245.4 259 257.2 283.3 277 281 300.8
Net Debt 1 -124.6 189 1,399 1,314 1,806 1,828 1,846 1,871
Reference price 2 3.550 4.790 3.900 3.940 3.220 3.180 3.180 3.180
Nbr of stocks (in thousands) 1,022,363 965,542 965,542 1,091,554 1,098,582 1,099,726 - -
Announcement Date 6/27/21 6/26/22 6/25/23 6/23/24 6/22/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.76x0.31x7.04x5.54% 2.45B
17.8x0.59x10.22x1% 9.17B
16.4x0.65x9.33x2.82% 8.86B
45.79x0.99x15.32x-.--% 3.89B
12.28x0.34x5.79x5.23% 580M
12.58x0.31x6.04x7.04% 481M
-23.66x - - -.--% 446M
Average 13.42x 0.53x 8.96x 3.09% 3.7B
Weighted average by Cap. 20.11x 0.63x 10.20x 2.1%

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

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  4. Valuation Metcash Limited
-40%: Exceptional extension
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