Company Valuation: Venture Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,321 4,965 3,953 3,801 4,356 4,852 - -
Change - -6.68% -20.39% -3.83% 14.58% 11.38% - -
Enterprise Value (EV) 1 4,513 4,152 2,896 2,485 3,072 3,680 3,661 3,639
Change - -7.98% -30.25% -14.21% 23.64% 19.78% -0.52% -0.58%
P/E 17.1x 13.5x 14.7x 15.6x 19.2x 19.6x 18.2x 17.1x
PBR 1.96x 1.75x 1.4x 1.32x 1.56x 1.73x 1.7x 1.67x
PEG - 0.7x -0.5x -1.76x -2.84x 2.08x 2.39x 2.55x
Capitalization / Revenue 1.71x 1.29x 1.31x 1.39x 1.72x 1.78x 1.68x 1.59x
EV / Revenue 1.45x 1.07x 0.96x 0.91x 1.21x 1.35x 1.27x 1.2x
EV / EBITDA 11.6x 8.78x 8.66x 8.35x 11x 11.7x 10.9x 10.4x
EV / EBIT 12.8x 9.44x 9.56x 9.38x 12.5x 13.3x 12.4x 11.6x
EV / FCF 49.6x 17.6x 6.11x 5.33x 13.6x 34.1x 15.1x 19.7x
FCF Yield 2.02% 5.69% 16.4% 18.8% 7.37% 2.94% 6.64% 5.07%
Dividend per Share 2 0.75 0.75 0.75 0.75 0.8 0.8056 0.8056 0.7929
Rate of return 4.1% 4.4% 5.51% 5.7% 5.28% 4.77% 4.77% 4.7%
EPS 2 1.07 1.268 0.926 0.844 0.787 0.861 0.9266 0.9888
Distribution rate 70.1% 59.1% 81% 88.9% 102% 93.6% 86.9% 80.2%
Net sales 1 3,107 3,864 3,025 2,736 2,535 2,722 2,883 3,043
EBITDA 1 389.9 472.7 334.6 297.7 280 314.5 336.4 350.5
EBIT 1 353 439.9 303.1 264.9 246.1 275.9 294.7 314.6
Net income 1 312.1 369.6 270 245 227 248.8 267.5 285.2
Net Debt 1 -807.9 -812.6 -1,056 -1,317 -1,284 -1,172 -1,191 -1,212
Reference price 2 18.31 17.06 13.61 13.15 15.14 16.88 16.88 16.88
Nbr of stocks (in thousands) 290,583 291,035 290,431 289,087 287,696 287,412 - -
Announcement Date 2/25/22 2/24/23 2/22/24 2/21/25 2/26/26 - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.71x1.36x11.78x4.75% 3.83B
31.26x5.8x17.76x0.64% 194B
13.58x0.31x6.86x3.7% 112B
38.27x6.17x20.01x0.94% 84.17B
25.43x8.93x18.94x0.49% 82.68B
68.96x7.29x34.02x0.21% 76B
20.61x1.2x13.76x0.64% 68.16B
18.47x3.14x11.94x1.44% 58.67B
37.57x5.29x19.96x0.02% 54.68B
65.05x29.24x64.99x0.4% 42.73B
Average 33.89x 6.87x 22.00x 1.32% 77.75B
Weighted average by Cap. 32.88x 6.15x 20.08x 1.08%

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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