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 1,940 - -
Change - 78.37% -17.27% -15.34% -13.1% 10.32% - -
Enterprise Value (EV) 1 1,703 3,360 2,848 2,416 2,056 1,733 1,622 1,508
Change - 97.35% -15.25% -15.16% -14.91% -15.71% -6.39% -7.01%
P/E 16.4x 36.4x -5.06x -34.7x 20.3x 20.6x 13x 11.5x
PBR 1.75x 1.21x 1.35x 1.23x 1.15x 1.25x 1.2x 1.15x
PEG - -0.6x 0x 0.4x -0x 2.49x 0.2x 0.9x
Capitalization / Revenue 2.16x 2.85x 1.79x 1.47x 1.28x 1.62x 1.73x 1.68x
EV / Revenue 2.27x 3.31x 2.13x 1.76x 1.5x 1.45x 1.44x 1.3x
EV / EBITDA 8.01x 10.8x 6.96x 6.04x 5.09x 5.16x 5.1x 4.48x
EV / EBIT 8.1x 13.2x 8.28x 7.09x 5.93x 5.97x 5.84x 5.1x
EV / FCF 10.9x 30.7x 10.8x 12.3x 8.01x 9.22x 7.42x 6.03x
FCF Yield 9.15% 3.26% 9.29% 8.13% 12.5% 10.9% 13.5% 16.6%
Dividend per Share 2 2.09 1.55 1.18 1.15 1.22 1.079 1.103 1.178
Rate of return 7.24% 5.99% 5.54% 6.37% 7.87% 6.34% 6.48% 6.93%
EPS 2 1.765 0.711 -4.208 -0.521 0.762 0.8249 1.307 1.475
Distribution rate 118% 218% -28% -221% 160% 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 83 471.2 457.7 392.6 297.3 -207.1 -317.9 -431.5
Reference price 2 28.88 25.88 21.31 18.06 15.50 17.01 17.01 17.01
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.($)
20.64x1.45x5.16x6.34% 1.37B
19.34x5.5x11.77x2.16% 164B
13.78x3.38x - 2.56% 147B
16.22x7.3x - 1.54% 101B
20.22x11.39x16.52x4.44% 72.35B
13.44x5.21x - 1.95% 49.43B
11.03x1.64x5.04x1.33% 44.41B
5.12x5.3x3.81x3.57% 35.27B
13.64x5.06x15.79x1.93% 31.83B
Average 14.82x 5.14x 9.68x 2.87% 71.95B
Weighted average by Cap. 15.61x 5.63x 11.43x 2.41%

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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