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 4,697 - -
Change - -27.98% 4.17% 35.36% -6.18% -14.51% - -
Enterprise Value (EV) 1 27,981 26,064 26,907 28,491 7,114 4,948 4,948 4,948
Change - -6.85% 3.24% 5.88% -75.03% -30.45% 0% 0%
P/E 5.45x 9.43x 7.93x 10.3x 7.82x 8.01x 7.43x 6.6x
PBR 2.55x 2.51x 2.24x 2.69x 2.2x 2.01x 1.8x 1.72x
PEG - -0.2x 0.2x 0.9x 0.3x -0.81x 0.95x 0.5x
Capitalization / Revenue 4.13x 2.79x 2.77x 3.95x 3.66x 3.32x 3.26x 3.15x
EV / Revenue 20.1x 17.5x 17.2x 19.2x 4.74x 3.49x 3.43x 3.31x
EV / EBITDA - - 23x 22.8x 7.14x 6.12x 6.02x 5.84x
EV / EBIT 18.6x 20.6x 23.9x 23.6x 5.36x 6.15x 5.99x 5.85x
EV / FCF - - - 48.2x 8.26x 8.29x 8.21x -
FCF Yield - - - 2.07% 12.1% 12.1% 12.2% -
Dividend per Share 2 0.2 0.44 0.44 0.46 0.52 0.52 0.5371 0.59
Rate of return 1.02% 2.65% 2.3% 1.67% 1.92% 2.08% 2.15% 2.36%
EPS 2 3.61 1.76 2.41 2.68 3.46 3.118 3.363 3.784
Distribution rate 5.54% 25% 18.3% 17.2% 15% 16.7% 16% 15.6%
Net sales 1 1,395 1,489 1,562 1,481 1,502 1,417 1,442 1,493
EBITDA 1 - - 1,169 1,251 996.1 808.1 821.8 847.4
EBIT 1 1,507 1,264 1,124 1,207 1,326 804.2 825.8 845.2
Net income 1 1,156 460 563.7 590 729.1 599.1 598.3 624.8
Net Debt 1 22,214 21,910 22,581 22,635 1,620 251.1 251.1 251.1
Reference price 2 19.67 16.60 19.12 27.58 27.06 24.99 24.99 24.99
Nbr of stocks (in thousands) 293,177 250,197 226,271 212,330 203,039 187,947 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.01x3.49x6.12x2.08% 4.7B
8.39x7.68x - 1.18% 1.9B
11.45x - - 4.6% 955M
4.47x2.89x16.84x12.7% 935M
-19.41x - - -.--% 487M
17.16x - - 4.75% 240M
8.9x - - 4.45% 154M
9.32x - - 30.84% 134M
Average 6.04x 4.69x 11.48x 7.58% 1.19B
Weighted average by Cap. 6.94x 4.47x 7.90x 3.61%

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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