Company Valuation: Clinuvel Pharmaceuticals Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 733.7 883.5 769.8 520.3 518.4 416.5 - -
Change - 20.4% -12.87% -32.41% -0.36% -19.65% - -
Enterprise Value (EV) 1 612.2 726.6 585.9 296.2 309.1 132.6 99.23 59.78
Change - 18.69% -19.37% -49.45% 4.37% -57.09% -25.19% -39.76%
P/E 36.8x 30.3x 22x 14.5x 15.4x 11.6x 11x 7.68x
PBR 5.84x 5.37x 3.79x 2.17x 1.91x 1.36x 1.23x 1.07x
PEG - 0.6x 1.2x 5.06x -2.21x 1.79x 1.97x 0.2x
Capitalization / Revenue 11.2x 11.3x 8.73x 5.48x 5.51x 4.39x 4.04x 3.03x
EV / Revenue 9.32x 9.28x 6.64x 3.12x 3.29x 1.4x 0.96x 0.44x
EV / EBITDA 16.4x 19.5x 12x 6.84x 8.09x 3.5x 2.37x 0.97x
EV / EBIT 16.7x 20x 12.3x 7.03x 8.31x 3.6x 2.44x 0.99x
EV / FCF 15.5x 20.2x 18.6x 7.26x 8.76x 3.62x 2.45x 1.03x
FCF Yield 6.44% 4.94% 5.37% 13.8% 11.4% 27.7% 40.8% 97.1%
Dividend per Share 2 0.04 0.05 0.05 0.05 0.05 0.0547 0.065 0.0913
Rate of return 0.27% 0.28% 0.33% 0.48% 0.49% 0.66% 0.79% 1.11%
EPS 2 0.403 0.591 0.698 0.718 0.668 0.7112 0.7508 1.076
Distribution rate 9.93% 8.46% 7.16% 6.96% 7.49% 7.69% 8.66% 8.49%
Net sales 1 65.72 78.32 88.18 95.02 94.02 94.86 103 137.3
EBITDA 1 37.44 37.2 48.95 43.3 38.2 37.94 41.81 61.94
EBIT 1 36.68 36.41 47.81 42.12 37.21 36.85 40.62 60.47
Net income 1 20.88 30.6 35.64 36.17 33.92 36.02 38.1 54.47
Net Debt 1 -121.5 -156.8 -183.9 -224.1 -209.3 -283.9 -317.3 -356.8
Reference price 2 14.850 17.880 15.370 10.380 10.280 8.260 8.260 8.260
Nbr of stocks (in thousands) 49,410 49,410 50,083 50,124 50,428 50,428 - -
Announcement Date 8/30/22 A 8/29/23 A 8/28/24 A 8/27/25 A 8/27/26 A - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.27x4.29x10.12x0.49% 80.07B
-21.72x32.87x-21.34x-.--% 72.7B
20.78x4.42x13.68x2.38% 60.45B
33.28x11.32x21.7x-.--% 46.24B
21.13x4.68x13.32x0.69% 45.97B
37.11x3.69x13.84x-.--% 33.62B
55.62x3.54x27.43x-.--% 25.26B
65.62x7.35x43.98x-.--% 22.95B
23.04x4.95x12.89x-.--% 15.44B
Average 28.13x 8.57x 15.07x 0.39% 44.74B
Weighted average by Cap. 20.28x 10.42x 10.10x 0.53%

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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