Company Valuation: Softcat plc

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,834 2,772 2,984 3,239 3,256 3,720 - -
Change - -27.69% 7.65% 8.52% 0.54% 14.26% - -
Enterprise Value (EV) 1 3,732 2,675 2,862 3,080 3,109 3,552 3,490 3,473
Change - -28.32% 6.98% 7.64% 0.94% 14.24% -1.73% -0.49%
P/E 40.1x 25.2x 26.8x 27.4x 24.7x 24.7x 23.6x 20.1x
PBR 21.4x 13.1x 11.9x 10.9x 9.63x 11.8x 9.6x 7.91x
PEG - 1.7x 21.17x 4.51x 2.2x 1.5x 5.1x 1.2x
Capitalization / Revenue 3.31x 2.57x 3.03x 3.36x 2.23x 2.11x 2x 1.79x
EV / Revenue 3.23x 2.48x 2.9x 3.2x 2.13x 2.01x 1.88x 1.67x
EV / EBITDA 30.6x 19x 19.5x 19.2x 17x 16.2x 14.7x 12.9x
EV / EBIT 31.3x 19.6x 20.3x 20x 18x 17x 15.7x 13.9x
EV / FCF 44x 34x 28x 26.9x 24.1x 27.5x 26.8x 18.8x
FCF Yield 2.27% 2.94% 3.57% 3.72% 4.15% 3.64% 3.74% 5.31%
Dividend per Share 2 0.413 0.365 0.376 0.475 0.454 0.5171 0.5319 0.5672
Rate of return 2.14% 2.62% 2.51% 2.92% 2.78% 2.73% 2.81% 2.99%
EPS 2 0.482 0.553 0.56 0.594 0.662 0.7683 0.8039 0.9423
Distribution rate 85.7% 66% 67.1% 80% 68.6% 67.3% 66.2% 60.2%
Net sales 1 1,157 1,078 985.3 962.6 1,458 1,765 1,858 2,079
EBITDA 1 122 140.7 147 160.7 183.4 219.5 237.2 269.2
EBIT 1 119.4 136.1 140.9 154.1 172.9 208.6 223 249.4
Net income 1 96.18 110.4 112 119 133 153 162 193.8
Net Debt 1 -101.7 -97.3 -122.6 -158.5 -147.1 -168.9 -230.2 -247.2
Reference price 2 19.33 13.95 15.00 16.26 16.33 18.95 18.95 18.95
Nbr of stocks (in thousands) 198,326 198,725 198,949 199,177 199,392 196,331 - -
Announcement Date 10/26/21 10/25/22 10/24/23 10/24/24 10/22/25 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.88x2.11x17.04x2.53% 5.16B
23.34x3.8x13.26x2.85% 224B
-132.68x18.51x102.63x-.--% 119B
14.13x1.56x8.19x3.39% 116B
14.18x2.58x9.75x5.79% 82.73B
20.06x5.29x13.01x2.83% 59.94B
13.88x2.01x8.52x5.62% 44.76B
22.53x1.85x11.5x1.3% 44.62B
21.43x1.63x10.36x0.88% 41.68B
17.34x2.19x10.38x5.04% 35.55B
Average 4.01x 4.15x 20.46x 3.02% 77.42B
Weighted average by Cap. -4.27x 5.30x 25.23x 2.87%

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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