Company Valuation: Scales Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 798.4 585.2 493.7 582.9 864.3 990.8 - -
Change - -26.71% -15.63% 18.07% 48.28% 14.64% - -
Enterprise Value (EV) 1 716.3 558.2 481.7 570.4 948.4 1,104 1,089 1,070
Change - -22.08% -13.7% 18.42% 66.27% 16.38% -1.36% -1.73%
P/E 29.3x 29.9x 93.2x 18.8x 8.49x 17.7x 16.1x 15.1x
PBR 2.07x - 1.27x 1.59x 1.95x 2.57x 2.39x 2.22x
PEG - -1.1x -1.3x 0x 0x -0.4x 1.67x 2.28x
Capitalization / Revenue 1.55x 0.95x 0.87x 1x 0.96x 0.79x 0.75x 0.71x
EV / Revenue 1.39x 0.9x 0.85x 0.98x 1.05x 0.88x 0.82x 0.77x
EV / EBITDA 9.71x 7.17x 7.14x 6.22x 6.89x 8.16x 7.47x 6.88x
EV / EBIT 13.8x 9.59x 10x 8.23x 8.75x 10.7x 9.61x 8.76x
EV / FCF - - - 13.2x 12.7x 14x 15x 13.3x
FCF Yield - - - 7.56% 7.89% 7.12% 6.68% 7.54%
Dividend per Share 2 0.19 0.155 0.19 0.085 0.15 0.25 0.2675 0.3088
Rate of return 3.39% 3.78% 5.51% 2.09% 2.52% 3.67% 3.93% 4.53%
EPS 2 0.191 0.137 0.037 0.216 0.702 0.3857 0.4228 0.4508
Distribution rate 99.5% 113% 514% 39.4% 21.4% 64.8% 63.3% 68.5%
Net sales 1 514.6 619.2 565.4 584.6 899.9 1,260 1,330 1,391
EBITDA 1 73.8 77.9 67.5 91.7 137.6 135.2 145.8 155.4
EBIT 1 52.07 58.2 48.1 69.3 108.4 102.9 113.3 122.1
Net income 1 26.92 19.4 5.235 30.73 101 63.45 72.14 79.56
Net Debt 1 -82.1 -27 -12 -12.5 84.1 112.9 97.93 79.09
Reference price 2 5.600 4.100 3.450 4.060 5.960 6.810 6.810 6.810
Nbr of stocks (in thousands) 142,576 142,722 143,096 143,572 145,019 145,496 - -
Announcement Date 23/02/22 23/02/23 22/02/24 26/02/25 24/02/26 - - -
1NZD in Million2NZD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.6x0.87x8.14x3.68% 585M
15.32x0.5x6.51x1.96% 5.85B
12.86x - - 3.02% 406M
-332.5x - - - 296M
Average -71.68x 0.69x 7.33x 2.89% 1.79B
Weighted average by Cap. 0.95x 0.54x 6.66x 2.17%

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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