Company Valuation: Sasol Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 230,271 145,738 86,464 49,236 102,399 139,871 - -
Change - -36.71% -40.67% -43.06% 107.98% 36.59% - -
Enterprise Value (EV) 1 307,941 232,415 176,236 128,858 170,179 182,362 172,776 158,748
Change - -24.53% -24.17% -26.88% 32.07% 7.16% -5.26% -8.12%
P/E 5.96x 17.9x -1.97x 7.47x 8.63x 4.48x 6.76x 6.64x
PBR 1.25x 0.76x 0.63x 0.34x 0.64x 0.76x 0.71x 0.63x
PEG - -0.2x 0x -0x 0.1x 0x -0.2x 3.8x
Capitalization / Revenue 0.84x 0.5x 0.31x 0.2x 0.38x 0.49x 0.53x 0.51x
EV / Revenue 1.12x 0.8x 0.64x 0.52x 0.63x 0.64x 0.66x 0.58x
EV / EBITDA 4.29x 3.51x 2.76x 2.46x 2.8x 2.68x 3.26x 2.81x
EV / EBIT 5.98x 4.2x 3.66x 3.35x 3.96x 3.47x 4.03x 3.93x
EV / FCF 17.6x 12x 24.6x 10.3x 13.9x 5.08x 9.71x -45.2x
FCF Yield 5.69% 8.33% 4.07% 9.75% 7.19% 19.7% 10.3% -2.21%
Dividend per Share 2 14.7 17 2 - - 10.85 7.721 7.83
Rate of return 3.96% 7.29% 1.45% - - 4.91% 3.49% 3.54%
EPS 2 62.34 13.02 -69.94 10.54 18.73 49.31 32.7 33.27
Distribution rate 23.6% 131% -2.86% - - 22% 23.6% 23.5%
Net sales 1 275,738 289,696 275,111 249,096 272,118 283,332 263,182 272,927
EBITDA 1 71,843 66,305 63,753 52,466 60,705 68,082 52,953 56,458
EBIT 1 51,514 55,400 48,109 38,464 43,010 52,486 42,884 40,394
Net income 1 38,956 8,799 -44,271 6,767 12,149 34,557 21,205 19,735
Net Debt 1 77,670 86,677 89,772 79,622 67,780 42,491 32,905 18,877
Reference price 2 371.68 233.26 138.10 78.76 161.66 221.00 221.00 221.00
Nbr of stocks (in thousands) 621,707 626,698 626,698 626,698 635,410 635,410 - -
Announcement Date 8/23/22 8/22/23 8/20/24 8/25/25 8/31/26 - - -
1ZAR in Million2ZAR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.33x3.42x9.7x2.05% 69.05B
12.24x0.93x7.75x4.4% 51.02B
56.04x8.98x38.26x0.97% 16.74B
12.9x0.86x6.01x2.82% 13.69B
11.88x0.74x4.79x2.83% 10.26B
15.69x0.71x7.71x3.14% 9.95B
36.9x1.68x8.9x2.05% 9.22B
4.48x0.64x2.68x4.91% 8.62B
31.49x4.31x18.44x0.37% 7.86B
Average 22.33x 2.48x 11.58x 2.62% 21.82B
Weighted average by Cap. 20.26x 2.63x 11.02x 2.78%

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

-40%: Exceptional extension
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