Company Valuation: National Company for Learning and Education

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,692 2,511 4,420 7,946 7,190 6,244 - -
Change - -6.71% 76.03% 79.77% -9.52% -13.16% - -
Enterprise Value (EV) 1 2,589 2,364 4,299 7,946 7,252 6,302 6,281 6,160
Change - -8.71% 81.86% 84.85% -8.74% -13.1% -0.34% -1.93%
P/E 110x 35.4x 43.4x 50.4x 44.7x 35.6x 29.1x 24.2x
PBR 4.38x 3.86x 6.27x - 8.34x 7.21x 6.63x 6.06x
PEG - 0x 1x 0.9x 23.44x 3.91x 1.3x 1.2x
Capitalization / Revenue 15.3x 8.14x 9.57x - 10.9x 8.34x 7.36x 6.6x
EV / Revenue 14.7x 7.66x 9.31x - 11x 8.41x 7.4x 6.51x
EV / EBITDA 52.7x 22.5x 28.8x - 29.1x 22.5x 19.4x 16.6x
EV / EBIT 79.3x 29.5x 37.6x - 38.9x 30.2x 26x 22.1x
EV / FCF 34.1x - 72.6x - 108x 450x 67.5x 23.2x
FCF Yield 2.93% - 1.38% - 0.93% 0.22% 1.48% 4.3%
Dividend per Share 2 0.8 0.8 1.2 - 2.5 2.715 3.259 3.97
Rate of return 1.28% 1.37% 1.17% - 1.5% 1.87% 2.24% 2.73%
EPS 2 0.57 1.65 2.37 3.67 3.74 4.081 4.981 6.005
Distribution rate 140% 48.5% 50.6% - 66.8% 66.5% 65.4% 66.1%
Net sales 1 176.1 308.5 462 - 657.9 749 848.9 945.7
EBITDA 1 49.09 104.8 149.5 - 248.8 280.2 323 370.9
EBIT 1 32.66 80.17 114.2 - 186.2 208.5 241.3 278.4
Net income 1 24.46 71.05 - 157.8 160.7 176 196 228
Net Debt 1 -102.5 -147.4 -121.6 - 62.22 58.47 37.02 -84.08
Reference price 2 62.60 58.40 102.80 184.80 167.20 145.20 145.20 145.20
Nbr of stocks (in thousands) 43,000 43,000 43,000 43,000 43,000 43,000 - -
Announcement Date 11/18/21 11/16/22 11/29/23 10/31/24 10/25/25 - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.35x7.66x20.47x2.06% 1.51B
26.67x3.74x14.94x4.06% 870M
16.44x3.49x9.65x3.65% 512M
Average 25.15x 4.96x 15.02x 3.26% 964.64M
Weighted average by Cap. 27.82x 5.74x 16.89x 2.94%

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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