Company Valuation: Nick Scali Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 669.1 737.9 1,177 1,558 1,396 1,203 - -
Change - 10.29% 59.51% 32.33% -10.38% -13.79% - -
Enterprise Value (EV) 1 686.1 740.3 1,137 1,528 1,361 1,175 1,162 1,149
Change - 7.91% 53.63% 34.36% -10.94% -13.66% -1.09% -1.11%
P/E 8.93x 7.3x 14x 27x 18.4x 16.6x 14.8x 12.9x
PBR 4.75x 4.1x 4.57x 5.84x 4.99x 4.13x 3.96x 3.8x
PEG - 0.2x -0.7x -0.9x 0.6x -3.96x 1.2x 0.8x
Capitalization / Revenue 1.52x 1.45x 2.51x 3.14x 2.7x 2.27x 2.11x 1.95x
EV / Revenue 1.56x 1.46x 2.43x 3.09x 2.63x 2.22x 2.04x 1.86x
EV / EBITDA 4.13x 3.76x 6.5x 9.61x 7.53x 6.56x 5.97x 5.38x
EV / EBIT 5.51x 4.8x 8.78x 14.5x 10.9x 9.8x 8.79x 7.78x
EV / FCF 6.6x 5.92x 11.1x 15.1x 10.4x 9.66x 8.2x 7.45x
FCF Yield 15.1% 16.9% 9.03% 6.6% 9.66% 10.3% 12.2% 13.4%
Dividend per Share 2 0.6 0.75 0.68 0.63 0.72 0.7214 0.7922 0.9045
Rate of return 7.26% 8.23% 4.92% 3.46% 4.41% 5.13% 5.63% 6.43%
EPS 2 0.925 1.248 0.987 0.675 0.885 0.8479 0.9498 1.095
Distribution rate 64.9% 60.1% 68.9% 93.3% 81.4% 85.1% 83.4% 82.6%
Net sales 1 441 507.7 468.2 495.3 516.7 529.2 569.7 618.4
EBITDA 1 166.1 197.1 175 159.1 180.7 179.1 194.6 213.5
EBIT 1 124.6 154.3 129.5 105.7 124.7 119.9 132.2 147.7
Net income 1 74.92 101.1 80.61 57.7 75.7 73.09 81.38 92.46
Net Debt 1 17.04 2.436 -39.64 -29.31 -34.91 -28.36 -41.2 -54.09
Reference price 2 8.26 9.11 13.81 18.21 16.32 14.07 14.07 14.07
Nbr of stocks (in thousands) 81,000 81,000 85,231 85,531 85,531 85,531 - -
Announcement Date 8/21/22 8/10/23 8/8/24 8/7/25 8/6/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.57x2.22x6.55x5.13% 838M
23.34x3.13x14.92x1.29% 27.08B
18.34x1.7x7.98x1.1% 10.5B
17.74x1.21x7.76x-.--% 2.31B
10.44x1.07x6.4x5.61% 2.13B
17.64x1.06x9.44x-.--% 1.34B
18.77x - - 1.84% 1.33B
11.34x0.69x5.48x3.91% 1.19B
15.97x1.01x6.12x4.77% 534M
Average 16.68x 1.51x 8.08x 2.63% 5.25B
Weighted average by Cap. 20.58x 2.44x 11.92x 1.53%

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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