Company Valuation: Tess Agro PLC

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 116.9 189.9 520.7 598.6 537.8 798.1
Change - 62.39% 174.21% 14.95% -10.15% 48.4%
Enterprise Value (EV) 1 461.8 555.2 877.5 862.4 820.1 1,203
Change - 20.23% 58.06% -1.72% -4.91% 46.65%
P/E -1.9x -4.76x 80x -88.8x -26.8x 58.3x
PBR 1.03x 2.75x 7.25x 4.15x 2.52x 3.15x
PEG - 0.1x -1x 1x -0x -0x
Capitalization / Revenue 18.7x 38x 210x 51.5x 50x 19.3x
EV / Revenue 73.9x 111x 353x 74.2x 76.2x 29.1x
EV / EBITDA -10.4x -15.9x 47.3x 126x -46.9x 582x
EV / EBIT -8.94x -14.4x 58.4x 253x -31x -107x
EV / FCF 261x -89.2x 129x 345x -4.26x -16x
FCF Yield 0.38% -1.12% 0.78% 0.29% -23.4% -6.25%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.1575 -0.105 0.0175 -0.0124 -0.0373 0.0189
Distribution rate - - - - - -
Net sales 1 6.252 4.992 2.485 11.62 10.76 41.38
EBITDA 1 -44.28 -34.93 18.57 6.856 -17.49 2.068
EBIT 1 -51.63 -38.47 15.02 3.412 -26.42 -11.27
Net income 1 -61.39 -40.91 6.821 -6.914 -21.62 14.03
Net Debt 1 344.8 365.3 356.8 263.9 282.3 404.5
Reference price 2 0.300 0.500 1.400 1.100 1.000 1.100
Nbr of stocks (in thousands) 389,797 389,797 389,797 557,797 557,797 743,730
Announcement Date 9/6/21 11/29/21 12/16/22 9/20/23 9/30/24 9/4/25
1LKR in Million2LKR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 3.9M
14.34x0.29x8.06x1.03% 2.62B
34.5x - - - 1.1B
-247.73x0.22x6.7x4.99% 845M
9.67x0.39x5.62x6.53% 828M
Average -47.31x 0.30x 6.80x 4.18% 1.08B
Weighted average by Cap. -23.35x 0.29x 7.32x 2.87%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA