Company Valuation: Valvoline Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,636 4,486 4,470 5,393 4,565 4,097 - -
Change - -20.41% -0.34% 20.64% -15.36% -10.25% - -
Enterprise Value (EV) 1 7,100 6,150 5,647 6,419 5,587 5,717 5,676 5,674
Change - -13.38% -8.17% 13.65% -12.95% 2.32% -0.71% -0.05%
P/E 13.6x - 3.7x 26x 21.9x 32x 16.7x 12.7x
PBR 41.6x 14.6x 21.4x 29x 13.5x 9.15x 6.44x 4.65x
PEG - - - -0.3x 11.75x -0.8x 0.2x 0.4x
Capitalization / Revenue 1.89x 3.63x 3.1x 3.33x 2.67x 1.97x 1.77x 1.6x
EV / Revenue 2.38x 4.98x 3.91x 3.96x 3.27x 2.75x 2.45x 2.22x
EV / EBITDA 11.2x 9.12x 14.9x 14.5x 12x 10.3x 9.19x 7.98x
EV / EBIT 13.4x 10.7x 19.4x 19.1x 16.1x 14.1x 12.6x 10.7x
EV / FCF 27.3x 40.5x 32.6x 158x 147x 45.1x 42.4x 40x
FCF Yield 3.66% 2.47% 3.06% 0.63% 0.68% 2.22% 2.36% 2.5%
Dividend per Share 2 0.5 0.5 0.125 - - - - -
Rate of return 1.6% 1.97% 0.39% - - - - -
EPS 2 2.29 - 8.71 1.61 1.64 1.004 1.926 2.53
Distribution rate 21.8% - 1.44% - - - - -
Net sales 1 2,981 1,236 1,444 1,619 1,710 2,079 2,319 2,554
EBITDA 1 634 674.6 380 442.6 466.8 556.3 617.9 710.6
EBIT 1 528 577.3 291.2 336.7 347.4 406.3 449.6 532.5
Net income 1 420 - - 211.5 210.7 129.2 244.8 323.7
Net Debt 1 1,464 1,664 1,177 1,026 1,022 1,620 1,580 1,577
Reference price 2 31.18 25.34 32.24 41.85 35.91 32.11 32.11 32.11
Nbr of stocks (in thousands) 180,761 177,020 138,663 128,866 127,115 127,586 - -
Announcement Date 11/3/21 11/15/22 11/9/23 11/19/24 11/19/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.98x2.75x10.28x-.--% 4.1B
90.24x1.05x7.9x0.52% 2.4B
13.27x1.99x9.22x - 2.06B
19.06x0.4x3.18x1.63% 173M
10.47x - - 1.39% 99.71M
Average 33.00x 1.55x 7.64x 0.89% 1.77B
Weighted average by Cap. 42.98x 2.06x 9.23x 0.25%

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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