Company Valuation: Perpetual Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,620 2,889 2,390 2,023 1,758 2,150 - -
Change - 78.37% -17.27% -15.34% -13.1% 22.26% - -
Enterprise Value (EV) 1 1,703 3,360 2,848 2,416 1,758 1,943 1,832 1,718
Change - 97.35% -15.25% -15.16% -27.22% 10.48% -5.7% -6.21%
P/E 16.4x 36.4x -5.06x -34.7x 20.3x 22.9x 14.4x 12.8x
PBR 1.75x 1.21x 1.35x 1.23x - 1.38x 1.33x 1.27x
PEG - -0.6x 0x 0.4x -0x 2.77x 0.2x 1x
Capitalization / Revenue 2.16x 2.85x 1.79x 1.47x 1.28x 1.8x 1.91x 1.86x
EV / Revenue 2.27x 3.31x 2.13x 1.76x 1.28x 1.62x 1.63x 1.48x
EV / EBITDA 8.01x 10.8x 6.96x 6.04x 4.35x 5.78x 5.76x 5.11x
EV / EBIT 8.1x 13.2x 8.28x 7.09x 5.07x 6.69x 6.6x 5.81x
EV / FCF 10.9x 30.7x 10.8x 12.3x - 10.3x 8.38x 6.87x
FCF Yield 9.15% 3.26% 9.29% 8.13% - 9.68% 11.9% 14.6%
Dividend per Share 2 2.09 1.55 1.18 1.15 - 1.079 1.103 1.178
Rate of return 7.24% 5.99% 5.54% 6.37% - 5.72% 5.85% 6.25%
EPS 2 1.765 0.711 -4.208 -0.521 0.762 0.8249 1.307 1.475
Distribution rate 118% 218% -28% -221% - 131% 84.4% 79.8%
Net sales 1 749.6 1,014 1,335 1,373 1,374 1,197 1,124 1,158
EBITDA 1 212.6 310 408.9 399.9 403.9 336.1 318.2 336.4
EBIT 1 210.2 254.1 344 340.6 346.5 290.2 277.5 295.8
Net income 1 101.2 59 -472.2 -58.2 88.9 112.7 149 167
Net Debt 1 83 471.2 457.7 392.6 - -207.1 -317.9 -431.5
Reference price 2 28.88 25.88 21.31 18.06 15.50 18.85 18.85 18.85
Nbr of stocks (in thousands) 56,079 111,624 112,148 112,026 113,434 114,036 - -
Announcement Date 8/24/22 8/23/23 8/28/24 8/27/25 8/26/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.97x1.63x5.81x5.69% 1.55B
20.18x5.74x12.29x2.07% 171B
15.6x3.74x - 2.27% 168B
17.59x7.69x - 1.42% 110B
24.11x12.61x21.63x4.05% 79.37B
14.2x5.39x - 1.84% 52.2B
12.11x1.86x5.7x1.21% 48.75B
5.35x5.51x3.95x3.42% 37.29B
14.44x5.26x16.41x1.82% 33.66B
Average 16.28x 5.49x 10.97x 2.64% 78.04B
Weighted average by Cap. 17.06x 6.00x 12.93x 2.23%

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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