Company Valuation: Podravka d.d.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,433 4,447 8,910 7,644 8,750 9,162 - -
Change - 0.31% 100.37% -14.21% 14.47% 4.71% - -
Enterprise Value (EV) 1 4,433 4,447 9,024 7,868 8,750 11,662 11,732 11,369
Change - 0.31% 102.93% -12.81% 11.21% 33.29% 0.6% -3.1%
P/E 14.6x - 17.6x 14.1x - 12.8x 11.7x 11.4x
PBR - - 2.07x 1.7x - 1.26x 1.24x 1.15x
PEG - - - 2.18x - - 1.22x 3.97x
Capitalization / Revenue - 0.88x 1.63x 1.36x 1.04x 1.04x 0.99x 0.95x
EV / Revenue - 0.88x 1.65x 1.4x 1.04x 1.33x 1.27x 1.18x
EV / EBITDA - - 12.8x 9.37x 4.64x 7.96x 7.48x 6.96x
EV / EBIT - - 19.9x 13.4x 6.2x 12.1x 11.3x 10.5x
EV / FCF - - 28.4x 60.8x - 36.7x 20.7x 15.3x
FCF Yield - - 3.53% 1.65% - 2.72% 4.82% 6.52%
Dividend per Share 2 - - 20.25 23.49 - 26.06 26.46 30.53
Rate of return - - 1.59% 2.16% - 2.01% 2.04% 2.36%
EPS 2 43.4 - 72.29 76.97 - 101 110.7 113.8
Distribution rate - - 28% 30.5% - 25.8% 23.9% 26.8%
Net sales 1 - 5,027 5,455 5,626 8,435 8,779 9,260 9,668
EBITDA 1 - - 702.7 839.5 1,884 1,466 1,568 1,635
EBIT 1 - - 452.9 587 1,411 961 1,036 1,078
Net income 1 309.2 369.6 507.1 542.1 1,126 806.3 782.9 806.7
Net Debt 1 - - 113.9 223.9 - 2,500 2,570 2,207
Reference price 2 632.00 634.00 1,270.87 1,086.82 1,244.62 1,295.16 1,295.16 1,295.16
Nbr of stocks (in thousands) 7,014 7,014 7,011 7,033 7,030 7,074 - -
Announcement Date 04/04/22 28/02/23 28/02/24 27/02/25 26/02/26 - - -
1HRK in Million2HRK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 1.33x7.96x - 1.3B
20.62x2.81x14.03x4.01% 249B
19.51x2.46x14.67x3.36% 78.21B
16.93x1.77x9.97x3.69% 47.64B
15.67x0.56x10.17x2.46% 40.78B
20.96x3.18x12.93x3.34% 34.79B
35.46x3.08x17.84x1.04% 31.65B
-15.21x1.89x9.38x6.46% 29.47B
65.78x10.1x41.87x1.16% 29B
12.1x0.39x8.86x2.42% 22.81B
Average 21.31x 2.76x 14.77x 3.1% 56.44B
Weighted average by Cap. 20.76x 2.77x 14.61x 3.49%

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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