Company Valuation: PPC Ltd

Data adjusted to current consolidation scope
Fiscal Period: March 2024 2025 2026 2027 2028 2029
Market Cap 1 5,025 7,016 9,101 11,818 - -
Change - 39.62% 29.72% 29.85% - -
Enterprise Value (EV) 1 5,025 6,646 8,562 12,183 11,922 11,022
Change - 32.26% 28.83% 42.29% -2.14% -7.55%
P/E - 14.4x 10.6x 12.4x 10.1x 8.97x
PBR - 1.17x 1.42x 1.67x 1.53x 1.41x
PEG - - 0.1x 1.2x 0.4x 0.7x
Capitalization / Revenue 0.5x 0.71x 0.89x 1.15x 1.07x 1.01x
EV / Revenue 0.5x 0.67x 0.83x 1.19x 1.08x 0.94x
EV / EBITDA - 4.17x 4.12x 5.87x 4.59x 3.9x
EV / EBIT - 8.13x 5.81x 14.4x 11.2x 8.66x
EV / FCF - 6.41x 14.8x 8.29x 7.54x 5.25x
FCF Yield - 15.6% 6.75% 12.1% 13.3% 19.1%
Dividend per Share 2 - 0.176 0.302 0.34 0.42 0.48
Rate of return - 3.83% 5.08% 4.41% 5.45% 6.23%
EPS 2 - 0.32 0.56 0.62 0.76 0.86
Distribution rate - 55% 53.9% 54.8% 55.3% 55.8%
Net sales 1 10,058 9,871 10,255 10,281 11,079 11,737
EBITDA 1 - 1,593 2,079 2,077 2,595 2,823
EBIT 1 - 817 1,473 848 1,065 1,273
Net income 1 - 466 830 906 1,116 1,267
Net Debt 1 - -370 -539 365 104 -796
Reference price 2 3.300 4.600 5.940 7.710 7.710 7.710
Nbr of stocks (in thousands) 1,522,707 1,525,210 1,532,194 1,532,821 - -
Announcement Date 5/30/24 6/9/25 6/6/26 - - -
1ZAR in Million2ZAR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.48x2.54x10.05x2.77% 45B
24.67x3.35x11.69x-.--% 15.07B
13.04x3.52x7.2x5.71% 13.53B
13.46x0.57x2.77x4.64% 12.43B
42.76x3.23x15.64x0.7% 8.33B
22x7.23x13.43x4.38% 7.61B
8.21x1.18x4.6x2.02% 7.54B
13.28x1.44x5.4x3.06% 6.2B
27.22x1.83x9.46x2.61% 5.97B
Average 20.35x 2.77x 8.91x 2.88% 13.52B
Weighted average by Cap. 19.54x 2.71x 9.18x 2.86%

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