Company Valuation: Trematon Capital Investments Limited

Data adjusted to current consolidation scope
Fiscal Period: August 2020 2021 2022 2023 2024 2025
Market Cap 1 417 637.8 700.1 675.2 506 245.1
Change - 52.94% 9.76% -3.55% -25.07% -51.57%
Enterprise Value (EV) 1 1,409 1,616 1,800 1,683 1,495 381.8
Change - 14.76% 11.35% -6.51% -11.17% -74.46%
P/E -96x -39x 38.3x 9.43x -50.1x -2.74x
PBR 0.46x 0.77x 0.84x 0.82x 0.7x 0.77x
PEG - -0x -0x 0x 0x -0x
Capitalization / Revenue 1.11x 1.58x 1.43x 1.22x 0.89x 0.83x
EV / Revenue 3.75x 4.02x 3.68x 3.04x 2.64x 1.29x
EV / EBITDA 11.6x 15.9x 14.4x 11.9x 8.91x 66.2x
EV / EBIT 12.5x 17.8x 15.9x 12.9x 9.41x -215x
EV / FCF -20.5x 22.1x -25.1x 24.5x 15.5x -14.6x
FCF Yield -4.88% 4.52% -3.99% 4.08% 6.47% -6.85%
Dividend per Share 2 - - - - 0.066 -
Rate of return - - - - 2.92% -
EPS 2 -0.02 -0.0795 0.081 0.317 -0.0451 -0.4012
Distribution rate - - - - -146% -
Net sales 1 375.2 402.5 489.5 554.3 565.9 297
EBITDA 1 121.4 101.4 124.6 141.5 167.7 5.766
EBIT 1 112.8 90.58 112.9 130.9 158.8 -1.776
Net income 1 -4.182 -16.5 18.31 71.58 -10.11 -89.38
Net Debt 1 991.5 978.7 1,100 1,007 988.8 136.8
Reference price 2 1.920 3.100 3.100 2.990 2.260 1.100
Nbr of stocks (in thousands) 217,195 205,741 225,829 225,829 223,886 222,774
Announcement Date 11/30/20 11/30/21 11/30/22 11/23/23 11/28/24 12/5/25
1ZAR in Million2ZAR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 16.77M
63.94x - - - 68.62B
12.31x4.33x11.1x3.91% 38.98B
19.16x4.11x16.52x1.28% 29.75B
14.62x3.17x15.16x2.39% 27.15B
8.05x1.47x8.24x4.4% 26.82B
5.51x0.69x1.44x8.98% 26.81B
8.63x3.06x7.13x-.--% 20.44B
9.79x1.91x7.37x4.29% 19.69B
13.6x6.51x17.12x1.6% 19.62B
Average 17.29x 3.16x 10.51x 3.36% 27.79B
Weighted average by Cap. 24.59x 3.17x 10.62x 3.49%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Trematon Capital Investments Limited

Historical PBR trend

Valuation ratios - PBR - Trematon Capital Investments Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Trematon Capital Investments Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Trematon Capital Investments Limited

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