Company Valuation: Plus500 Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,844 2,029 1,673 2,472 3,371 3,464 - -
Change - 9.98% -17.55% 47.82% 36.35% 2.75% - -
Enterprise Value (EV) 1 1,095 1,104 765.8 1,582 2,569 2,632 2,579 2,656
Change - 0.83% -30.63% 106.61% 62.39% 2.45% -2.02% 2.96%
P/E 6.04x 5.77x 6.79x 9.83x 12.9x 12.5x 11.8x 11.4x
PBR - - - - 6.06x 6.41x 5.9x 5.5x
PEG - 0.2x -0.4x 0.9x 1.31x 2.39x 1.82x 4.05x
Capitalization / Revenue 2.57x 2.44x 2.3x 3.22x 4.25x 4.11x 4.11x 4x
EV / Revenue 1.52x 1.33x 1.05x 2.06x 3.24x 3.12x 3.06x 3.07x
EV / EBITDA 2.83x 2.43x 2.25x 4.62x 7.38x 7.5x 7.05x 7.33x
EV / EBIT 2.85x 2.45x 2.28x 4.71x 7.5x 7.58x 7.19x 7.47x
EV / FCF 2.86x 2.43x 2.25x 4.7x 9.17x 8.29x 8.3x 8.23x
FCF Yield 34.9% 41.1% 44.5% 21.3% 10.9% 12.1% 12.1% 12.2%
Dividend per Share 2 0.9698 0.8394 0.8036 0.8711 0.9239 1.585 1.573 1.646
Rate of return 5.26% 3.86% 3.79% 2.57% 1.89% 3.17% 3.15% 3.29%
EPS 2 3.05 3.77 3.12 3.45 3.79 3.988 4.246 4.366
Distribution rate 31.8% 22.3% 25.8% 25.2% 24.4% 39.7% 37% 37.7%
Net sales 1 718.7 832.6 726.2 768.3 792.4 842.7 842.1 865.8
EBITDA 1 387.1 453.8 340.5 342.3 348.1 351.1 365.7 362.4
EBIT 1 384.6 450.4 336.4 336.1 342.6 347.4 358.7 355.6
Net income 1 310.6 370.4 271.4 273.1 281.3 280.9 287.6 283.5
Net Debt 1 -749.5 -924.6 -906.7 -890 -801.6 -831.3 -884.5 -808.1
Reference price 2 18.42 21.74 21.18 33.90 48.86 49.95 49.95 49.95
Nbr of stocks (in thousands) 100,117 93,324 78,958 72,924 68,999 69,347 - -
Announcement Date 2/15/22 2/14/23 2/20/24 2/18/25 2/9/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.52x3.12x7.5x3.17% 3.46B
173.16x3.25x19.59x - 1.97B
-0.95x4.82x-1.11x - 70.09M
Average 61.58x 3.73x 8.66x 3.17% 1.83B
Weighted average by Cap. 69.85x 3.19x 11.72x 3.17%

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