Company Valuation: First Resources Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,766 1,732 1,695 1,691 2,517 3,223 - -
Change - -1.95% -2.11% -0.24% 48.81% 28.05% - -
Enterprise Value (EV) 1 1,792 1,587 1,770 1,804 3,179 3,811 3,647 3,433
Change - -11.4% 11.53% 1.92% 76.2% 19.87% -4.3% -5.86%
P/E 11x 5.35x 11.7x 6.9x 7.11x 7.45x 6.98x 7.11x
PBR 1.47x 1.33x 1.31x 1.23x 1.64x 1.54x 1.53x 1.35x
PEG - 0x -0.2x 0.1x 0.2x 0.3x 1.04x -4.03x
Capitalization / Revenue 1.71x 1.41x 1.73x 1.63x 1.52x 1.75x 1.69x 1.71x
EV / Revenue 1.74x 1.3x 1.81x 1.74x 1.91x 2.07x 1.91x 1.82x
EV / EBITDA 5.73x 3.12x 6.28x 4.52x 5.17x 5.07x 4.55x 4.29x
EV / EBIT 7.31x 3.8x 8.94x 5.35x 6.43x 6.16x 5.58x 5.29x
EV / FCF 7.43x 6.41x -26.9x 24.9x 53.5x 9.09x 6.24x 5.44x
FCF Yield 13.5% 15.6% -3.72% 4.02% 1.87% 11% 16% 18.4%
Dividend per Share 2 0.0468 0.1077 0.046 0.0728 0.1163 0.1618 0.1736 0.1701
Rate of return 4.17% 9.76% 4.25% 6.66% 7.16% 7.77% 8.34% 8.17%
EPS 2 0.1021 0.2065 0.0928 0.1582 0.2284 0.2794 0.2982 0.2929
Distribution rate 45.8% 52.1% 49.6% 46% 50.9% 57.9% 58.2% 58.1%
Net sales 1 1,032 1,225 980.6 1,039 1,661 1,842 1,910 1,881
EBITDA 1 312.9 508.8 282 398.9 614.9 751.8 801.8 799.5
EBIT 1 245 417.9 198.1 337 494.6 619.1 653.1 649
Net income 1 161.1 325.2 145.4 245.8 353.9 419.7 446.8 445.6
Net Debt 1 25.22 -144.6 74.9 112.9 662.2 587.9 424 210.2
Reference price 2 1.120 1.104 1.083 1.092 1.625 2.082 2.082 2.082
Nbr of stocks (in thousands) 1,577,066 1,569,155 1,564,989 1,549,267 1,549,058 1,548,141 - -
Announcement Date 24/02/22 28/02/23 28/02/24 27/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
7.45x2.07x5.07x7.77% 3.23B
22.43x3.01x14.83x3.66% 270B
19.12x2.59x15.36x3.1% 84.1B
18.03x1.85x10.6x3.48% 48.76B
20.74x3.25x13.05x3.23% 34.87B
12.71x0.48x8.41x2.98% 33.24B
30.07x5.86x19.47x2.87% 30.28B
19.09x1.85x12.98x4.32% 29.51B
-8.64x1.86x9.22x6.5% 28.91B
59.01x9.03x37.53x1.28% 26.7B
Average 20.00x 3.19x 14.65x 3.92% 59B
Weighted average by Cap. 21.22x 3.03x 14.94x 3.55%

Y-o-Y evolution of P/E

Valuation ratios - P/E - First Resources Limited

Historical PBR trend

Valuation ratios - PBR - First Resources Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - First Resources Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - First Resources Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - First Resources Limited
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