Company Valuation: Xero Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 20,173 16,527 14,376 22,060 26,071 16,190 - -
Change - -18.07% -13.02% 53.45% 18.18% -37.9% - -
Enterprise Value (EV) 1 19,916 16,476 14,278 21,638 24,969 16,673 16,280 15,474
Change - -17.27% -13.34% 51.54% 15.4% -33.23% -2.35% -4.95%
P/E ratio 984x -1,849x -126x 128x 116x 67.3x 62.4x 38.7x
PBR 27.1x 16x 13.7x 16x 11.9x 3.17x 2.96x 2.68x
PEG - 13x -0x -1x 4x -18.17x 8.01x 0.6x
Capitalization / Revenue 23.8x 15.1x 10.3x 12.9x 12.4x 5.92x 4.54x 3.78x
EV / Revenue 23.5x 15x 10.2x 12.6x 11.9x 6.1x 4.57x 3.61x
EV / EBITDA 104x 77.5x 47.3x 41.1x 39x 22.5x 19.1x 14.1x
EV / EBIT 323x 247x -239x 90.3x 70.2x 44.5x 40.2x 25.6x
EV / FCF 292x 7,948x 140x 63x 49.3x 35.8x 33.9x 23.3x
FCF Yield 0.34% 0.01% 0.72% 1.59% 2.03% 2.79% 2.95% 4.29%
Dividend per Share 2 - - - - - - - 0.3704
Rate of return - - - - - - - 0.39%
EPS 2 0.14 -0.06 -0.76 1.14 1.47 1.416 1.526 2.464
Distribution rate - - - - - - - 15%
Net sales 1 848.8 1,097 1,400 1,714 2,103 2,735 3,565 4,288
EBITDA 1 191.2 212.7 301.7 526.5 640.6 739.4 851.6 1,100
EBIT 1 61.69 66.67 -59.8 239.6 355.7 374.7 405.4 603.7
Net income 1 19.77 -9.114 -113.5 174.6 227.8 232.6 263.1 449.9
Net Debt 1 -256.6 -51.22 -97.39 -422.1 -1,102 482.3 90.14 -716.2
Reference price 2 137.78 110.97 95.73 145.41 170.30 95.27 95.27 95.27
Nbr of stocks (in thousands) 146,413 148,934 150,173 151,707 153,089 169,933 - -
Announcement Date 12/05/21 11/05/22 17/05/23 22/05/24 14/05/25 - - -
1NZD in Million2NZD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
67.31x6.1x22.55x-.--% 9.74B
43.47x24.06x30.62x-.--% 137B
14.71x4.14x8.65x-.--% 110B
43.98x7.07x17.69x-.--% 50.87B
67.99x6.09x16.68x0.38% 50.05B
56.29x4.1x12.75x-.--% 42.85B
410.41x10.52x43.19x-.--% 39.17B
25.9x5.94x15.02x0.86% 38.63B
26.24x6.9x14.07x-.--% 18.53B
Average 84.03x 8.32x 20.13x 0.14% 55.27B
Weighted average by Cap. 68.08x 10.92x 20.49x 0.11%
See all sector valuations

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 Xero Limited