Company Valuation: Liberty Kenya Holdings Plc

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,125 3,750 3,000 1,977 3,579 5,411
Change - -9.09% -20% -34.11% 81.03% 51.2%
Enterprise Value (EV) 1 -1,511 -4,027 -5,308 -10,780 -5,469 -2,807
Change - -166.51% -31.82% -103.08% 49.27% 48.67%
P/E 6.26x 46.8x 8.99x 3.02x 2.58x 11.9x
PBR 0.49x 0.44x 0.34x 0.22x 0.35x 0.54x
PEG - -0.5x 0x 0x 0x -0.2x
Capitalization / Revenue 0.42x 0.34x 0.29x 0.13x 0.27x 0.39x
EV / Revenue -0.15x -0.37x -0.51x -0.71x -0.41x -0.2x
EV / EBITDA -1.29x -10.4x -7.12x -9.72x -2.53x -2.09x
EV / EBIT -1.36x -12.2x -7.85x -9.82x -2.61x -2.18x
EV / FCF -1.33x -1.62x -3.04x -2.34x -1.63x -0.57x
FCF Yield -75.4% -61.8% -32.9% -42.8% -61.3% -176%
Dividend per Share 2 - - - 0.373 1 0.5
Rate of return - - - 10.1% 15% 4.95%
EPS 2 1.231 0.1496 0.6232 1.224 2.593 0.8512
Distribution rate - - - 30.5% 38.6% 58.7%
Net sales 1 9,912 10,921 10,467 15,198 13,396 14,052
EBITDA 1 1,167 386.2 745.7 1,109 2,163 1,342
EBIT 1 1,110 330.3 676.4 1,097 2,099 1,285
Net income 1 659.3 80.16 333.9 655.6 1,389 456
Net Debt 1 -5,636 -7,777 -8,308 -12,757 -9,048 -8,218
Reference price 2 7.700 7.000 5.600 3.690 6.680 10.100
Nbr of stocks (in thousands) 535,707 535,707 535,707 535,707 535,707 535,707
Announcement Date 4/15/21 A 3/24/22 A 6/14/23 A 4/17/24 A 3/24/25 A 3/12/26 A
1KES in Million2KES
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 38.03M
13.73x - - 4.45% 181B
12.42x2.94x10.58x1.2% 129B
14.85x1.8x - 5.64% 106B
19.89x3.47x12.19x2.18% 81.66B
8.8x1.33x - 1.97% 33.65B
-1187.78x1.01x - 3.94% 25.54B
12.81x - - 2.88% 24.57B
12.2x - - 4.4% 22.13B
8.87x - - 5.44% 17.75B
Average -120.47x 2.11x 11.39x 3.57% 62.06B
Weighted average by Cap. -35.49x 2.46x 11.21x 3.49%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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