Company Valuation: Sandon Capital Investments Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 63.55 110.9 94.36 86.96 99.12 114
Change - 74.5% -14.91% -7.84% 13.99% 15.02%
Enterprise Value (EV) 1 -34.9 -47.45 -47.51 -57.13 -18.57 -36.37
Change - -35.94% -0.14% -20.23% 67.5% -95.9%
P/E -6.53x 2.93x -3.76x 45.3x 6.8x 4.58x
PBR 0.77x 0.95x 0.86x 0.82x 0.86x 0.85x
PEG - -0x 0x -0x 0x 0.1x
Capitalization / Revenue -8.29x 1.96x -3.44x 17.1x 4.78x 3.07x
EV / Revenue 4.55x -0.84x 1.73x -11.3x -0.9x -0.98x
EV / EBITDA - - - - - -
EV / EBIT 3.61x -1.04x 1.56x -22.8x -1.07x -1.1x
EV / FCF 6.84x -1.3x 1.78x -229x -2.25x -1.88x
FCF Yield 14.6% -77.2% 56.1% -0.44% -44.5% -53.3%
Dividend per Share 2 0.06 0.0525 0.055 0.055 0.055 0.042
Rate of return 10.3% 5.25% 7.91% 8.8% 7.91% 5.35%
EPS 2 -0.0895 0.3409 -0.185 0.0138 0.1022 0.1714
Distribution rate -67% 15.4% -29.7% 399% 53.8% 24.5%
Net sales 1 -7.667 56.51 -27.45 5.074 20.72 37.08
EBITDA - - - - - -
EBIT 1 -9.676 45.47 -30.5 2.501 17.4 33.12
Net income 1 -8.664 37.34 -23.7 1.897 14.36 24.65
Net Debt 1 -98.45 -158.3 -141.9 -144.1 -117.7 -150.4
Reference price 2 0.5850 1.0000 0.6950 0.6250 0.6950 0.7850
Nbr of stocks (in thousands) 108,624 110,889 135,765 139,135 142,623 145,243
Announcement Date 9/30/20 A 8/26/21 A 8/25/22 A 8/24/23 A 8/19/24 A 8/19/25 A
1AUD in Million2AUD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 76.29M
21x5.89x12.63x2.02% 176B
15.15x3.66x - 2.34% 164B
17.23x7.58x - 1.45% 108B
26.31x13.37x22.97x3.82% 84.03B
13.98x5.34x - 1.87% 51.38B
12.44x1.9x5.83x1.18% 49.56B
5.75x5.66x4.93x3.23% 39.43B
14.47x5.27x16.43x1.82% 33.73B
Average 15.79x 6.08x 12.56x 2.22% 78.44B
Weighted average by Cap. 17.42x 6.16x 13.56x 2.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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