Company Valuation: Reece Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 15,252 8,902 11,996 16,259 9,270 9,288 - -
Change - -41.63% 34.76% 35.54% -42.99% 0.19% - -
Enterprise Value (EV) 1 15,758 9,771 12,721 16,777 9,860 11,379 10,813 10,631
Change - -37.99% 30.19% 31.89% -41.23% 15.41% -4.97% -1.68%
P/E ratio 53.7x 22.6x 31x 38.7x 29.3x 32.5x 27.8x 23.8x
PBR 5.28x 2.68x 3.31x 4.19x 2.29x 2.5x 2.38x 2.21x
PEG - 0.6x -18.91x 4.64x -1.2x -6.27x 1.7x 1.4x
Capitalization / Revenue 2.43x 1.16x 1.36x 1.79x 1.03x 1x 0.95x 0.89x
EV / Revenue 2.51x 1.28x 1.44x 1.84x 1.1x 1.22x 1.11x 1.02x
EV / EBITDA 21.9x 11.7x 13x 16.7x 10.9x 12.6x 11x 9.85x
EV / EBIT 32x 16.9x 19.5x 24.6x 18x 21.4x 18.2x 15.8x
EV / FCF 52.2x 260x 18.4x 34x 28.9x 28.1x 25.8x 22.6x
FCF Yield 1.92% 0.38% 5.42% 2.94% 3.46% 3.56% 3.88% 4.43%
Dividend per Share 2 0.18 0.225 0.25 0.2575 0.1836 0.1766 0.2124 0.2686
Rate of return 0.76% 1.63% 1.35% 1.02% 1.28% 1.17% 1.41% 1.78%
EPS 2 0.44 0.61 0.6 0.65 0.49 0.4646 0.5426 0.6344
Distribution rate 40.9% 36.9% 41.7% 39.6% 37.5% 38% 39.2% 42.3%
Net sales 1 6,271 7,654 8,840 9,105 8,978 9,291 9,758 10,378
EBITDA 1 720 838.3 975 1,007 900.5 903.2 981.8 1,080
EBIT 1 492.7 578.2 654 681.4 548.2 531.2 594.3 674.7
Net income 1 286 392.5 388 419.2 316.9 289.6 332 386.6
Net Debt 1 506.6 869.6 725 518 590 2,091 1,525 1,343
Reference price 2 23.61 13.78 18.57 25.17 14.35 15.10 15.10 15.10
Nbr of stocks (in thousands) 645,984 645,984 645,984 645,984 645,984 615,092 - -
Announcement Date 24/08/21 23/08/22 22/08/23 18/08/24 24/08/25 - - -
1AUD in Million2AUD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.71x1.23x12.67x1.16% 6.68B
21.28x1.48x14.27x1.6% 44.33B
18.77x0.44x7.95x4.67% 2.59B
145.41x0.21x8.32x - 446M
Average 54.54x 0.84x 10.80x 2.48% 13.51B
Weighted average by Cap. 23.59x 1.39x 13.72x 1.7%

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 Reece Limited
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