Company Valuation: Secure Property Development & Investment Plc

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 9.373 11.15 8.375 5.955 6.249 2.568
Change - 18.98% -24.9% -28.9% 4.93% -58.9%
Enterprise Value (EV) 1 12.65 12.02 9.729 6.788 6.63 3.218
Change - -4.98% -19.08% -30.23% -2.33% -51.46%
P/E -2.16x -23.5x -0.86x 0.98x -7.46x -0.51x
PBR 0.4x 0.48x 0.64x 0.32x 1x 3.04x
PEG - 0.3x -0x -0x 0x -0x
Capitalization / Revenue 11.8x 10.6x 7.38x 4.16x 4.88x 3.28x
EV / Revenue 15.9x 11.5x 8.57x 4.74x 5.18x 4.11x
EV / EBITDA -22x -34.1x -52.7x -162x 1,632x -5x
EV / EBIT -21.9x -33.9x -51.9x -160x 1,695x -5x
EV / FCF 1.59x 3.5x 0.44x -1.45x 0.48x 0.66x
FCF Yield 62.7% 28.5% 228% -68.7% 208% 151%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0336 -0.003677 -0.0752 0.047 -0.006487 -0.039
Distribution rate - - - - - -
Net sales 1 0.7957 1.047 1.135 1.431 1.28 0.7833
EBITDA 1 -0.5759 -0.353 -0.1845 -0.0418 0.004062 -0.6436
EBIT 1 -0.5781 -0.3545 -0.1873 -0.0425 0.003911 -0.6436
Net income 1 -4.34 -0.4748 -9.657 6.477 -0.8381 -4.443
Net Debt 1 3.279 0.87 1.354 0.8329 0.3809 0.6498
Reference price 2 0.072549 0.086320 0.064826 0.046095 0.048369 0.019881
Nbr of stocks (in thousands) 129,191 129,191 129,191 129,191 129,191 129,191
Announcement Date 30/06/21 30/06/22 30/06/23 28/06/24 30/06/25 30/06/26
1EUR in Million2EUR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 872K
15.26x4.86x13.08x3.32% 43.43B
9.2x1.55x8.11x3.86% 31.8B
18.25x4.01x16.39x1.35% 27.83B
6.32x0.39x0.76x8.87% 27.14B
13.53x3.03x14.64x2.61% 24.53B
8.79x2.26x6.96x3.97% 20.7B
8.09x0.9x3.26x2.76% 20.68B
13.65x6.6x17.63x1.56% 19.75B
10.54x1.67x14.47x3.58% 19.19B
Average 11.51x 2.81x 10.59x 3.54% 23.51B
Weighted average by Cap. 11.86x 2.91x 10.63x 3.61%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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