Company Valuation: Scales Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 798.4 585.2 493.7 582.9 864.3 958.8 - -
Change - -26.71% -15.63% 18.07% 48.28% 10.93% - -
Enterprise Value (EV) 1 716.3 558.2 481.7 570.4 948.4 1,072 1,057 1,038
Change - -22.08% -13.7% 18.42% 66.27% 13.01% -1.39% -1.78%
P/E 29.3x 29.9x 93.2x 18.8x 8.49x 17x 15.5x 14.6x
PBR 2.07x - 1.27x 1.59x 1.95x 2.49x 2.32x 2.14x
PEG - -1.1x -1.3x 0x 0x -0.4x 1.5x 2.47x
Capitalization / Revenue 1.55x 0.95x 0.87x 1x 0.96x 0.76x 0.72x 0.69x
EV / Revenue 1.39x 0.9x 0.85x 0.98x 1.05x 0.85x 0.79x 0.75x
EV / EBITDA 9.71x 7.17x 7.14x 6.22x 6.89x 7.92x 7.24x 6.68x
EV / EBIT 13.8x 9.59x 10x 8.23x 8.75x 10.4x 9.31x 8.5x
EV / FCF - - - 13.2x 12.7x 13.6x 14.5x 12.9x
FCF Yield - - - 7.56% 7.89% 7.33% 6.88% 7.77%
Dividend per Share 2 0.19 0.155 0.19 0.085 0.15 0.2512 0.2675 0.3088
Rate of return 3.39% 3.78% 5.51% 2.09% 2.52% 3.81% 4.06% 4.69%
EPS 2 0.191 0.137 0.037 0.216 0.702 0.387 0.4258 0.451
Distribution rate 99.5% 113% 514% 39.4% 21.4% 64.9% 62.8% 68.5%
Net sales 1 514.6 619.2 565.4 584.6 899.9 1,259 1,330 1,392
EBITDA 1 73.8 77.9 67.5 91.7 137.6 135.3 146 155.5
EBIT 1 52.07 58.2 48.1 69.3 108.4 103 113.5 122.1
Net income 1 26.92 19.4 5.235 30.73 101 63.55 72.36 79.58
Net Debt 1 -82.1 -27 -12 -12.5 84.1 113 98.13 79.28
Reference price 2 5.600 4.100 3.450 4.060 5.960 6.590 6.590 6.590
Nbr of stocks (in thousands) 142,576 142,722 143,096 143,572 145,019 145,496 - -
Announcement Date 2/23/22 A 2/23/23 A 2/22/24 A 2/26/25 A 2/24/26 A - - -
1NZD in Million2NZD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.87x0.84x7.86x3.85% 551M
14.54x0.47x6.14x2.09% 5.46B
12.14x - - 3.2% 371M
-104.38x - - - 286M
Average -15.21x 0.66x 7.00x 3.05% 1.67B
Weighted average by Cap. 9.49x 0.50x 6.29x 2.31%

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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