Company Valuation: Texton Property Fund Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026
Market Cap 1 1,102 1,262 829.6 990 879.4 787
Change - 14.56% -34.26% 19.34% -11.18% -10.51%
Enterprise Value (EV) 1 2,152 2,488 1,531 1,716 1,471 1,391
Change - 15.59% -38.46% 12.11% -14.28% -5.5%
P/E 5.61x 33.1x -58.7x -67.1x 10.1x 26.5x
PBR 0.53x 0.63x 0.4x 0.52x 0.51x 0.52x
PEG - -0.4x 0x -4.1x -0x -0.4x
Capitalization / Revenue 3.2x 4.06x 2.58x 3.25x 3.16x 2.89x
EV / Revenue 6.25x 8.01x 4.76x 5.64x 5.29x 5.11x
EV / EBITDA 13.8x 18.9x 8.82x 10.8x 11.5x 12.1x
EV / EBIT 14.2x 19.8x 9.19x 11.2x 12.1x 12.8x
EV / FCF 29.7x 28.2x 3.36x 64.2x 5.52x 16.6x
FCF Yield 3.36% 3.54% 29.8% 1.56% 18.1% 6.02%
Dividend per Share 2 0.3747 0.17 0.1926 0.2013 - 0.1845
Rate of return 11.5% 4.59% 7.7% 6.06% - 6.99%
EPS 2 0.5797 0.1119 -0.0426 -0.0495 0.2921 0.0997
Distribution rate 64.6% 152% -452% -407% - 185%
Net sales 1 344.5 310.6 321.9 304.6 278.4 272.1
EBITDA 1 156.1 131.6 173.5 159.1 127.4 114.7
EBIT 1 152 125.6 166.7 152.9 121.5 108.9
Net income 1 202 38.06 -14.15 -13.95 97.21 33.19
Net Debt 1 1,051 1,226 701.4 726.4 592 603.6
Reference price 2 3.250 3.700 2.500 3.320 2.950 2.640
Nbr of stocks (in thousands) 338,966 341,096 331,848 298,206 298,098 298,098
Announcement Date 9/14/21 10/31/22 9/22/23 9/23/24 9/26/25 9/25/26
1ZAR in Million2ZAR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 49.71M
33.67x18.02x22.62x3.38% 120B
32.41x14.43x18.53x4.24% 68.69B
37.69x14.88x15.38x5.74% 53.59B
18.34x15.52x17.65x1.13% 38.49B
13.97x24.8x27.16x3.59% 16.38B
27.58x10.94x15.04x4.53% 15.9B
8.31x11.88x14.55x6% 14.79B
18.13x16.2x23.54x5.31% 14.13B
29.8x11.31x16.56x4.09% 13.57B
Average 24.43x 15.33x 19.00x 4.22% 35.58B
Weighted average by Cap. 29.37x 16.00x 19.54x 3.93%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Texton Property Fund Limited

Historical PBR trend

Valuation ratios - PBR - Texton Property Fund Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Texton Property Fund Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Texton Property Fund Limited

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