Company Valuation: Netcall plc

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 108.6 124.4 163.5 151.7 191.8 210.7 -
Change - 14.51% 31.43% -7.2% 26.41% 9.86% -
Enterprise Value (EV) 1 101 109.1 138.7 185.7 164.6 190.8 184.2
Change - 8.06% 27.16% 33.86% -11.36% 15.88% -3.43%
P/E - - - - - 72.6x 49.4x
PBR - - 4.81x 3.85x 4.39x 4.32x 3.93x
PEG - - - - - - 1x
Capitalization / Revenue 4x 4.08x 4.54x 3.88x 4x 3.65x 3.13x
EV / Revenue 3.72x 3.58x 3.85x 4.76x 3.43x 3.3x 2.74x
EV / EBITDA 18.9x 17x 17.3x 22x 16.8x 15.8x 12.4x
EV / EBIT 29.7x 23.1x 18.2x 23.1x 17.7x 19.6x 16x
EV / FCF - 13.3x 15.7x 15.3x 23.9x 21x 16.2x
FCF Yield - 7.5% 6.37% 6.54% 4.18% 4.77% 6.18%
Dividend per Share 2 0.0037 0.0054 0.0083 0.0089 0.0094 0.011 0.0129
Rate of return 0.51% 0.65% 0.81% 0.97% 0.82% 0.89% 1.05%
EPS 2 - - - - - 0.017 0.025
Distribution rate - - - - - 64.5% 51.6%
Net sales 1 27.15 30.46 36.04 39.06 47.96 57.73 67.24
EBITDA 1 5.338 6.405 8.003 8.44 9.819 12.07 14.88
EBIT 1 3.405 4.729 7.626 8.042 9.312 9.751 11.49
Net income - - - - - - -
Net Debt 1 -7.672 -15.29 -24.75 34.01 -27.16 -19.93 -26.47
Reference price 2 0.730 0.830 1.020 0.920 1.150 1.235 1.235
Nbr of stocks (in thousands) 148,817 149,877 160,288 164,908 166,770 170,597 -
Announcement Date 10/6/21 A 10/5/22 A 10/11/23 A 10/9/24 A 10/8/25 A - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.22x6.23x10.9x1.35% 446B
25.94x5.2x16.4x1.46% 242B
87.69x8.53x22.84x-.--% 140B
-6.57x121.1x1690.43x-.--% 59.14B
34.78x3.27x12.05x0.2% 43.01B
25.27x10.16x16.59x-.--% 20.51B
31.1x2.03x18.46x-.--% 17.19B
-207.42x3.68x12.31x - 13.42B
38.58x3.36x9.17x-.--% 12.91B
Average 5.73x 18.17x 201.02x 0.38% 110.55B
Weighted average by Cap. 28.50x 12.94x 114.05x 0.98%

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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