Company Valuation: SLM Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,767 4,153 4,326 5,856 5,494 4,307 - -
Change - -27.98% 4.17% 35.36% -6.18% -21.6% - -
Enterprise Value (EV) 1 27,981 26,064 26,907 5,856 7,114 4,559 4,559 4,559
Change - -6.85% 3.24% -78.24% 21.48% -35.92% 0% 0%
P/E 5.45x 9.43x 7.93x 10.3x 7.82x 7.25x 6.73x 5.91x
PBR 2.55x 2.51x 2.24x 2.69x 2.2x 1.87x 1.62x 1.5x
PEG - -0.2x 0.2x 0.9x 0.3x -0.81x 0.87x 0.4x
Capitalization / Revenue 4.13x 2.79x 2.77x 3.95x 3.66x 2.95x 2.88x 2.84x
EV / Revenue 20.1x 17.5x 17.2x 3.95x 4.74x 3.12x 3.05x 3.01x
EV / EBITDA - - 23x 4.68x 5.29x 5.73x 5.57x 5.12x
EV / EBIT 18.6x 20.6x 23.9x 4.85x 5.36x 5.67x 5.5x 5.14x
EV / FCF - - - - 8.26x 7.76x 7.57x -
FCF Yield - - - - 12.1% 12.9% 13.2% -
Dividend per Share 2 0.2 0.44 0.44 0.46 0.52 0.5362 0.5671 0.6667
Rate of return 1.02% 2.65% 2.3% 1.67% 1.92% 2.35% 2.48% 2.92%
EPS 2 3.61 1.76 2.41 2.68 3.46 3.15 3.393 3.862
Distribution rate 5.54% 25% 18.3% 17.2% 15% 17% 16.7% 17.3%
Net sales 1 1,395 1,489 1,562 1,481 1,502 1,460 1,493 1,516
EBITDA 1 - - 1,169 1,251 1,346 795.6 817.9 890.1
EBIT 1 1,507 1,264 1,124 1,207 1,326 804.2 829.3 886.8
Net income 1 1,156 460 563.7 590 729.1 603.2 605.3 630.7
Net Debt 1 22,214 21,910 22,581 - 1,620 251.1 251.1 251.1
Reference price 2 19.67 16.60 19.12 27.58 27.06 22.84 22.84 22.84
Nbr of stocks (in thousands) 293,177 250,197 226,271 212,330 203,039 188,593 - -
Announcement Date 1/26/22 2/1/23 1/24/24 1/23/25 1/22/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.48x7.39x - 1.13% 1.9B
5.62x2.97x17.36x10% 1.2B
11.17x - - 4.72% 900M
-8.71x - - -.--% 470M
2.99x - - 10.99% 330M
18.2x - - 5.1% 216M
10.12x - - 3.87% 143M
Average 6.84x 5.18x 17.36x 5.12% 737.51M
Weighted average by Cap. 6.82x 5.68x 17.36x 4.59%

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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