Company Valuation: PropNex Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 625.3 566.1 688.2 699.3 1,391 1,332 - -
Change - -9.47% 21.57% 1.61% 98.94% -4.26% - -
Enterprise Value (EV) 1 482.6 432.2 554.8 587.5 1,227 1,173 1,156 1,137
Change - -10.43% 28.36% 5.89% 108.9% -4.39% -1.51% -1.63%
P/E 10.4x 9.08x 14.4x 17.1x 19.8x 18.2x 17.6x 16.6x
PBR 5.71x 4.51x 5.5x 5.67x 12x 10.9x 10.4x 9.85x
PEG - 2.34x -0.6x -1.2x 0.3x 4.36x 5.57x 2.79x
Capitalization / Revenue 0.65x 0.55x 0.82x 0.89x 1.25x 1.17x 1.13x 1.08x
EV / Revenue 0.5x 0.42x 0.66x 0.75x 1.1x 1.03x 0.98x 0.92x
EV / EBITDA 5.94x 5.3x 9.48x 12.5x 11.7x 13x 12.3x 11.5x
EV / EBIT 6.21x 5.55x 10.1x 13.3x 12x 13.4x 12.7x 11.8x
EV / FCF - 8.47x 9.64x 15.6x 13.5x 11.7x 9.89x 9.3x
FCF Yield - 11.8% 10.4% 6.42% 7.4% 8.53% 10.1% 10.7%
Dividend per Share 2 0.0625 0.0675 0.06 0.0775 0.095 0.0923 0.0958 0.0995
Rate of return 7.4% 8.82% 6.45% 8.2% 5.05% 5.13% 5.32% 5.53%
EPS 2 0.0811 0.0842 0.0646 0.0553 0.0951 0.0991 0.1022 0.1083
Distribution rate 77.1% 80.1% 92.9% 140% 99.9% 93.2% 93.7% 91.9%
Net sales 1 957.7 1,029 838.1 783 1,116 1,137 1,177 1,238
EBITDA 1 81.28 81.54 58.52 47.14 104.6 90.6 93.77 98.58
EBIT 1 77.73 77.93 55.03 44.2 102 87.43 90.95 96.59
Net income 1 60.03 62.36 47.81 40.92 70.38 73.29 75.83 80.19
Net Debt 1 -142.7 -133.9 -133.4 -111.8 -164 -158.6 -176.4 -195.2
Reference price 2 0.845 0.765 0.930 0.945 1.880 1.800 1.800 1.800
Nbr of stocks (in thousands) 740,000 740,000 740,000 740,000 740,000 740,000 - -
Announcement Date 2/23/22 2/27/23 2/27/24 2/24/25 2/26/26 - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.17x1.03x12.95x5.13% 1.04B
22.48x0.91x10.99x-.--% 38.96B
18.14x0.8x6.65x2.53% 18.66B
13.35x0.51x8.45x-.--% 14.81B
16.44x3.35x10.96x6.05% 10.77B
20.61x8.53x16.89x4.66% 10.16B
54.43x2.07x8.17x-.--% 6.43B
34.27x1.24x12.07x0.92% 5.67B
34.01x1.07x8.17x0.34% 4.62B
29.11x11.48x - 1.99% 4.02B
Average 26.10x 3.10x 10.59x 2.16% 11.51B
Weighted average by Cap. 22.89x 2.20x 10.25x 1.56%

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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  3. OYY Stock
  4. Valuation PropNex Limited