Company Valuation: Tabcorp Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,481 2,368 2,468 1,593 1,630 1,909 - -
Change - -79.38% 4.23% -35.44% 2.32% 17.11% - -
Enterprise Value (EV) 1 13,713 2,485 2,749 2,424 2,256 2,457 2,374 2,298
Change - -81.88% 10.63% -11.84% -6.92% 8.9% -3.38% -3.21%
P/E Ratio 42.1x 0.35x 38.3x -1.17x 44.7x 37.8x 21.8x 18.9x
PBR 1.71x 0.87x 0.95x 1.27x 1.3x 1.52x 1.51x 1.5x
PEG - 0x -0.4x 0x -0x 1x 0.3x 1.2x
Capitalization / Revenue 2.02x 1x 1.01x 0.68x 0.62x 0.72x 0.7x 0.68x
EV / Revenue 2.41x 1.05x 1.13x 1.04x 0.86x 0.93x 0.87x 0.82x
EV / EBITDA 12.4x 6.51x 7.03x 7.63x 5.76x 5.84x 5.36x 5.08x
EV / EBIT 18.9x 26.1x 18.3x 24.9x 12x 12.1x 10.5x 9.88x
EV / FCF 25.5x 4.65x -35.4x 28.6x 7.81x 12.6x 10.4x 9.18x
FCF Yield 3.92% 21.5% -2.82% 3.5% 12.8% 7.92% 9.64% 10.9%
Dividend per Share 2 0.145 0.13 0.023 0.013 0.02 0.0267 0.0323 0.035
Rate of return 2.8% 12.2% 2.07% 1.86% 2.8% 3.19% 3.87% 4.19%
EPS 2 0.123 3.05 0.029 -0.596 0.016 0.0221 0.0383 0.0441
Distribution rate 118% 4.26% 79.3% -2.18% 125% 121% 84.5% 79.5%
Net sales 1 5,686 2,373 2,434 2,339 2,615 2,649 2,732 2,792
EBITDA 1 1,107 381.6 391 317.7 391.5 420.6 442.6 451.9
EBIT 1 724 95.2 150.5 97.4 188.7 203.7 225.3 232.4
Net income 1 269 6,776 66.5 -1,360 36.6 53.36 83.34 99.6
Net Debt 1 2,232 117.6 281.7 830.7 626.1 547.9 465 388.8
Reference price 2 5.1800 1.0650 1.1100 0.7000 0.7150 0.8350 0.8350 0.8350
Nbr of stocks (in thousands) 2,216,316 2,223,114 2,223,114 2,275,721 2,279,558 2,285,954 - -
Announcement Date 17/8/21 23/8/22 23/8/23 27/8/24 26/8/25 - - -
1AUD in Million2AUD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.77x0.93x5.84x3.19% 1.35B
15.89x3.23x8.28x2.27% 33.57B
23.26x0.91x3.49x-.--% 12.53B
23.32x2.73x8.95x0.94% 10.97B
18.63x1.81x5.5x6.61% 5.69B
19.52x3.68x9.98x0.93% 2.29B
9.58x1.44x5.77x1.63% 2.14B
10.79x1.67x7.48x5.56% 2.07B
40.14x1.47x9.46x-.--% 1.58B
14.01x1.42x6.69x1.03% 868M
Average 21.29x 1.93x 7.14x 2.22% 7.31B
Weighted average by Cap. 19.17x 2.46x 7.26x 2%

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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