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 9,024 - -
Change - 0.31% 100.37% -14.21% 14.47% 3.13% - -
Enterprise Value (EV) 1 4,433 4,447 9,024 7,868 8,750 11,524 11,594 11,231
Change - 0.31% 102.93% -12.81% 11.21% 31.71% 0.61% -3.14%
P/E 14.6x - 17.6x 14.1x - 12.6x 11.5x 11.2x
PBR - - 2.07x 1.7x - 1.24x 1.22x 1.13x
PEG - - - 2.18x - - 1.2x 3.9x
Capitalization / Revenue - 0.88x 1.63x 1.36x 1.04x 1.03x 0.97x 0.93x
EV / Revenue - 0.88x 1.65x 1.4x 1.04x 1.31x 1.25x 1.16x
EV / EBITDA - - 12.8x 9.37x 4.64x 7.86x 7.4x 6.87x
EV / EBIT - - 19.9x 13.4x 6.2x 12x 11.2x 10.4x
EV / FCF - - 28.4x 60.8x - 36.3x 20.5x 15.2x
FCF Yield - - 3.53% 1.65% - 2.76% 4.88% 6.6%
Dividend per Share 2 - - 20.25 23.49 - 26.06 26.46 30.53
Rate of return - - 1.59% 2.16% - 2.04% 2.07% 2.39%
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 1,275.65 1,275.65 1,275.65
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.($)
- 1.31x7.86x - 1.28B
20.67x2.82x14.05x4% 249B
19.61x2.47x14.73x3.34% 78.63B
17.15x1.78x10.08x3.65% 48.13B
15.66x0.56x10.17x2.47% 40.75B
21.31x3.23x13.12x3.28% 35.36B
36.62x3.17x18.24x1% 31.82B
-25.41x1.93x9.62x6.19% 30.68B
66.86x10.26x42.56x1.14% 29.33B
Average 21.56x 3.06x 15.60x 3.13% 60.54B
Weighted average by Cap. 20.70x 2.90x 14.96x 3.5%

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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  4. Valuation Podravka d.d.