Company Valuation: DBS Group Holdings Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 83,882 87,297 86,169 124,148 159,925 172,633 - -
Change - 4.07% -1.29% 44.08% 28.82% 7.95% - -
Enterprise Value (EV) 83,882 87,297 86,169 124,148 159,925 172,633 172,633 172,633
Change - 4.07% -1.29% 44.08% 28.82% 7.95% 0% 0%
P/E ratio 12.5x 10.8x 8.63x 11.1x 14.8x 15.4x 14.5x 13.5x
PBR 1.52x 1.6x 1.44x 1.87x 2.32x 2.45x 2.4x 2.3x
PEG - 0.5x 0.4x 0.9x -4.86x 4.6x 2.41x 1.72x
Capitalization / Revenue 5.87x 5.22x 4.27x 5.57x 6.98x 7.34x 6.99x 6.59x
EV / Revenue 0x 0x 0x 0x 0x 7.34x 6.99x 6.59x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 12.5x 11.9x 11.1x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.091 1.364 1.745 2.22 2.46 3.286 3.502 3.264
Rate of return 3.67% 4.42% 5.75% 5.08% 4.36% 5.41% 5.76% 5.37%
EPS 2 2.373 2.864 3.518 3.94 3.82 3.948 4.185 4.514
Distribution rate 46% 47.6% 49.6% 56.3% 64.4% 83.2% 83.7% 72.3%
Net sales 1 14,297 16,709 20,180 22,297 22,900 23,505 24,683 26,185
EBITDA - - - - - - - -
EBIT 1 7,828 9,412 12,124 13,402 13,651 13,818 14,490 15,528
Net income 1 6,805 8,193 10,062 11,289 10,933 11,173 11,748 12,602
Net Debt - - - - - - - -
Reference price 2 29.69 30.84 30.37 43.72 56.36 60.76 60.76 60.76
Nbr of stocks (in thousands) 2,825,176 2,830,992 2,837,056 2,839,624 2,837,558 2,841,222 - -
Announcement Date 13/02/22 13/02/23 07/02/24 09/02/25 08/02/26 - - -
1SGD in Million2SGD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.25x - - 5.46% 134B
13.33x - - 2.11% 798B
11.13x - - 2.37% 353B
10.94x - - 4.73% 302B
16.14x - - 2.66% 256B
10.53x - - 2.56% 225B
14.97x - - 2.58% 208B
24.8x - - 3.16% 191B
16.28x - - 2.94% 180B
9.32x - - 2.71% 170B
Average 14.27x 3.13% 281.73B
Weighted average by Cap. 13.77x 2.86%

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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