Company Valuation: Ceylon Tobacco Company PLC

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 192,737 164,470 117,077 178,660 261,738 327,910 327,910 -
Change - -14.67% -28.82% 52.6% 46.5% 25.28% 0% -
Enterprise Value (EV) 183,144 156,099 117,077 178,660 261,738 327,910 327,910 327,910
Change - -14.77% -25% 52.6% 46.5% 25.28% 0% 0%
P/E ratio 12.4x 10.2x 5.72x - - - - -
PBR 41.9x 18.3x 6.69x 15.2x 23.5x 29.4x 28.6x 29.4x
PEG - 2.79x 0.2x - - - - -
Capitalization / Revenue 1.46x 1.22x 0.7x 3.1x 4.19x 4.95x 4.51x 4.51x
EV / Revenue 0x 0x 0x 0x 0x 4.95x 4.51x 4.51x
EV / EBITDA 0x 0x - 0x 0x 5.67x 5.32x -
EV / EBIT 0x 0x 0x 0x 0x 6.51x 5.85x 6.01x
EV / FCF 0x 0x - 0x 0x 10.3x 9.55x 8.66x
FCF Yield 4.67% 4.36% - 20.5% 11.5% 9.72% 10.5% 11.6%
Dividend per Share 2 64.35 53 109.3 128.8 161.7 151.5 167.4 163.9
Rate of return 6.25% 6.04% 17.5% 13.5% 11.6% 8.65% 9.56% 9.36%
EPS 2 83.16 86.2 109.3 - - - - -
Distribution rate 77.4% 61.5% 100% - - - - -
Net sales 1 132,149 134,369 167,194 57,721 62,529 66,232 72,691 72,752
EBITDA 1 26,536 27,500 - 45,038 48,341 57,817 61,646 -
EBIT 1 26,196 27,166 33,196 44,552 47,677 50,400 56,026 54,600
Net income 15,578 16,147 20,474 - - - - -
Net Debt -9,593 -8,371 - - - - - -
Reference price 2 1,028.90 878.00 625.00 953.75 1,397.25 1,750.50 1,750.50 1,750.50
Nbr of stocks (in thousands) 187,324 187,324 187,324 187,324 187,324 187,324 187,324 -
Announcement Date 16/02/21 18/02/22 01/03/23 29/02/24 24/02/25 - - -
1LKR in Million2LKR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - 8.65% 1.05B
12.04x6.54x10.24x6.46% 111B
18x3.12x10.45x4.06% 64.36B
19.04x4.79x14.25x4.69% 42.22B
16.86x2.42x9.68x3.9% 10.81B
14.15x0.79x9.19x6.88% 5.63B
19.22x0.88x6.29x0.55% 2.74B
10.23x2.1x7.35x7.82% 2.29B
29.32x0.35x5.84x3.12% 1.73B
Average 17.36x 2.62x 9.16x 5.13% 26.89B
Weighted average by Cap. 15.31x 4.85x 10.85x 5.34%

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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