Company Valuation: NIOX Group Plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 169.6 153.1 281.9 250.7 277.5 285.3 - -
Change - -9.71% 84.08% -11.04% 10.67% 2.83% - -
Enterprise Value (EV) 1 158.3 134.7 263.1 241.3 257.6 257.7 246.4 237
Change - -14.89% 95.26% -8.26% 6.74% 0.03% -4.39% -3.78%
P/E 40.6x 10.1x 28.2x 75.9x 40.5x 30.8x 25.9x 27.7x
PBR 2.54x 1.87x 3.59x 4.21x 4.19x 4.37x 3.97x 3.98x
PEG - 0x -0.8x -1.2x 0.4x 0.9x 1.4x -4.44x
Capitalization / Revenue 6.08x 4.89x 7.66x 6x 5.7x 5.67x 5.26x 4.97x
EV / Revenue 5.67x 4.3x 7.15x 5.77x 5.29x 5.12x 4.54x 4.13x
EV / EBITDA 264x 18.5x 23.1x 17.5x 15.4x 15x 12.9x 11.4x
EV / EBIT -36.8x 74.8x 57.2x 31.3x 24.1x 20.1x 16.8x 14.3x
EV / FCF 122x 20.4x 22.9x 14.9x 16.9x 16.9x 13.2x 12x
FCF Yield 0.82% 4.9% 4.37% 6.71% 5.9% 5.93% 7.58% 8.35%
Dividend per Share 2 - - 0.01 0.0125 0.0155 0.017 0.0193 0.0244
Rate of return - - 1.49% 1.98% 2.33% 2.51% 2.84% 3.6%
EPS 2 0.01 0.0363 0.0238 0.0083 0.0164 0.022 0.0261 0.0245
Distribution rate - - 42% 151% 94.5% 77.4% 73.8% 99.6%
Net sales 1 27.9 31.3 36.8 41.8 48.7 50.36 54.24 57.41
EBITDA 1 0.6 7.3 11.4 13.8 16.7 17.16 19.11 20.74
EBIT 1 -4.3 1.8 4.6 7.7 10.7 12.84 14.68 16.53
Net income 1 3.6 16.1 10.7 3.7 7 10.99 12.76 10.5
Net Debt 1 -11.3 -18.4 -18.8 -9.4 -19.9 -27.67 -38.99 -48.31
Reference price 2 0.4060 0.3650 0.6700 0.6300 0.6640 0.6780 0.6780 0.6780
Nbr of stocks (in thousands) 417,684 419,504 420,684 397,981 417,897 420,866 - -
Announcement Date 3/22/22 3/21/23 3/26/24 4/1/25 3/24/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.74x5.1x14.97x2.52% 377M
32.72x11.87x24.12x0.6% 1,026B
29.94x6.66x18.64x2% 649B
33.52x7.84x16.21x2.59% 468B
19.75x4.81x11.92x2.76% 352B
20.12x5.24x13.01x3.05% 271B
21.01x4.36x12.4x2.03% 256B
25.68x6.7x11.94x2.48% 220B
-45.78x6.66x26.01x2.17% 188B
11.29x4.12x8.55x4.45% 170B
Average 17.90x 6.34x 15.78x 2.46% 359.95B
Weighted average by Cap. 23.74x 7.73x 17.86x 1.99%

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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