Company Valuation: Servcorp Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 319.5 290.5 402.5 566.9 654.8 576.7 - -
Change - -9.09% 38.59% 40.83% 15.5% -11.93% - -
Enterprise Value (EV) 1 529.5 552.9 670.4 798.6 854.4 572.6 526 712.2
Change - 4.42% 21.25% 19.11% 6.98% -32.98% -8.14% 35.41%
P/E 11.4x 26.3x 10.3x 10.9x 10.2x 8.15x 7.52x -
PBR 1.61x 1.55x 2.07x 2.43x 2.56x 1.92x 1.65x 1.43x
PEG - -0.4x 0x 0.3x 0.5x 0.8x 0.89x -
Capitalization / Revenue 1.18x 0.99x 1.28x 1.62x 1.78x 1.47x 1.4x 1.32x
EV / Revenue 1.95x 1.89x 2.13x 2.29x 2.33x 1.46x 1.27x 1.63x
EV / EBITDA 9.85x 9.37x 9.1x 8.9x 8.55x 2.5x 2.13x 2.72x
EV / EBIT 15.5x 14.2x 12.3x 11.7x 10.6x 5.43x 4.57x 5.8x
EV / FCF - - - - 6.48x 5.3x 4.42x -
FCF Yield - - - - 15.4% 18.9% 22.6% -
Dividend per Share 2 0.2 0.22 0.25 0.28 0.32 0.34 0.3818 0.4132
Rate of return 6.06% 7.33% 6.11% 4.89% 4.88% 5.87% 6.59% 7.14%
EPS 2 0.289 0.114 0.399 0.527 0.643 0.71 0.77 -
Distribution rate 69.2% 193% 62.7% 53.1% 49.8% 47.9% 49.6% -
Net sales 1 271.6 292.5 314.1 349.4 367.5 393 412.9 437.7
EBITDA 1 53.76 59 73.63 89.75 99.95 229.3 247.2 262
EBIT 1 34.1 39 54.3 68.4 80.9 105.4 115.2 122.8
Net income 1 28.02 11.07 39.04 53.12 65.64 75.05 82.92 92.15
Net Debt 1 210 262.5 267.9 231.7 199.6 -4.052 -50.68 135.6
Reference price 2 3.300 3.000 4.090 5.730 6.560 5.790 5.790 5.790
Nbr of stocks (in thousands) 96,818 96,818 98,420 98,935 99,815 99,595 - -
Announcement Date 24/8/22 23/8/23 22/8/24 14/8/25 19/8/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.18x1.46x2.51x5.85% 413M
15.4x13.66x22.35x4.14% 2.38B
19.72x13.87x19.52x2.6% 2.32B
10.28x12.92x16.23x6.93% 2.04B
-50.61x15.66x17.97x2.16% 1.93B
13.26x6.54x18.65x4.37% 1B
53.39x3.08x4.74x - 977M
Average 9.95x 9.60x 14.57x 4.34% 1.58B
Weighted average by Cap. 6.72x 11.88x 17.23x 4.07%

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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