Company Valuation: Techtronic Industries Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 26,142 36,512 20,495 21,849 24,179 26,348 26,348 -
Change - 39.67% -43.87% 6.61% 10.66% 8.97% 0% -
Enterprise Value (EV) 1 26,309 38,475 22,924 23,738 25,057 26,045 24,749 23,838
Change - 46.24% -40.42% 3.55% 5.56% 3.94% -4.98% -3.68%
P/E ratio 32.7x 33.3x 19x 22.4x 21.6x 17.7x 18.5x 16x
PBR 6.7x 7.74x 3.93x 3.81x 3.81x 3.75x 3.39x 3.03x
PEG - 0.9x -10.71x -2.39x 1.5x 2.5x 1.2x 1x
Capitalization / Revenue 2.66x 2.77x 1.55x 1.59x 1.65x 1.38x 1.61x 1.48x
EV / Revenue 2.68x 2.91x 1.73x 1.73x 1.71x 1.68x 1.51x 1.34x
EV / EBITDA 23x 25.5x 14.6x 13.6x 13.4x 13.6x 11.3x 9.82x
EV / EBIT 30.3x 32.3x 19.1x 21.2x 20x 19.2x 16x 13.3x
EV / FCF 37.6x -34.2x 35.2x 14.8x 12.7x 19x 13.8x 13.8x
FCF Yield 2.66% -2.93% 2.84% 6.75% 7.89% 5.28% 7.22% 7.24%
Dividend per Share 2 0.1737 0.2381 0.2381 0.2484 0.2909 0.3074 0.375 0.4324
Rate of return 1.22% 1.2% 2.13% 2.09% 2.2% 2.13% 2.6% 3%
EPS 2 0.4363 0.5973 0.5867 0.5317 0.6108 0.6541 0.7777 0.8978
Distribution rate 39.8% 39.9% 40.6% 46.7% 47.6% 45.6% 48.2% 48.2%
Net sales 1 9,812 13,203 13,254 13,731 14,622 15,260 16,389 17,816
EBITDA 1 1,146 1,506 1,574 1,751 1,875 2,205 2,193 2,427
EBIT 1 868 1,192 1,201 1,118 1,254 1,325 1,549 1,790
Net income 1 800.8 1,099 1,077 976.3 1,122 1,198 1,426 1,647
Net Debt 1 167.4 1,963 2,429 1,888 877.8 -303 -1,599 -2,510
Reference price 2 14.26 19.90 11.17 11.91 13.20 14.40 14.40 14.40
Nbr of stocks (in thousands) 1,832,620 1,834,484 1,834,698 1,834,318 1,832,305 1,830,040 1,830,040 -
Announcement Date 3/3/21 3/2/22 3/1/23 3/6/24 3/4/25 3/3/26 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.37x1.68x13.6x2.13% 26.35B
33.03x5.69x20.98x0.82% 112B
35.3x5.98x22.43x1.73% 35.68B
30.97x4.36x15.94x0.1% 32.16B
26.28x3.15x13.62x1.42% 29.15B
22.26x3.33x14.31x1.06% 27.5B
26.31x4.28x15.28x1.52% 26.19B
25.33x3.28x15.84x1.77% 22.98B
27.84x2.41x15.57x1.91% 21.43B
50.33x12.71x39.23x0.75% 20.94B
Average 29.90x 4.69x 18.68x 1.32% 35.47B
Weighted average by Cap. 30.53x 4.86x 19.00x 1.19%

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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