Company Valuation: Secure Property Development & Investment Plc

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 12.96 9.373 11.15 8.375 5.955 6.249
Change - -27.68% 18.98% -24.9% -28.9% 4.93%
Enterprise Value (EV) 1 14.37 12.65 12.02 9.729 6.788 6.63
Change - -11.96% -4.98% -19.08% -30.23% -2.33%
P/E Ratio -1.67x -2.16x -23.5x -0.86x 0.98x -7.46x
PBR 0.44x 0.4x 0.48x 0.64x 0.32x 1x
PEG - 0x 0.3x -0x -0x 0x
Capitalization / Revenue 28.3x 11.8x 10.6x 7.38x 4.16x 4.88x
EV / Revenue 31.4x 15.9x 11.5x 8.57x 4.74x 5.18x
EV / EBITDA -6.39x -22x -34.1x -52.7x -162x -3,727x
EV / EBIT -6.38x -21.9x -33.9x -51.9x -160x -3,435x
EV / FCF 1.64x 1.59x 3.5x 0.44x -1.45x 0.48x
FCF Yield 60.9% 62.7% 28.5% 228% -68.7% 208%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.06 -0.0336 -0.003677 -0.0752 0.047 -0.006487
Distribution rate - - - - - -
Net sales 1 0.4574 0.7957 1.047 1.135 1.431 1.28
EBITDA 1 -2.249 -0.5759 -0.353 -0.1845 -0.0418 -0.001779
EBIT 1 -2.252 -0.5781 -0.3545 -0.1873 -0.0425 -0.00193
Net income 1 -7.202 -4.34 -0.4748 -9.657 6.477 -0.8381
Net Debt 1 1.411 3.279 0.87 1.354 0.8329 0.3809
Reference price 2 0.1003 0.0725 0.0863 0.0648 0.0461 0.0484
Nbr of stocks (in thousands) 129,191 129,191 129,191 129,191 129,191 129,191
Announcement Date 9/30/20 A 6/30/21 A 6/30/22 A 6/30/23 A 6/28/24 A 6/30/25 A
1EUR in Million2EUR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 1.99M
14.89x4.65x12.75x3.36% 42.97B
9.09x1.53x7.64x3.92% 32.74B
22.84x4.43x18.6x1.11% 31.3B
5.6x0.57x1.14x9.04% 26.61B
15.6x3.19x15.76x2.24% 26.19B
11.77x1.78x15.1x3.21% 21.76B
9.22x2.22x7.64x4.03% 20.13B
15.13x6.64x18.82x1.25% 20.09B
Average 13.02x 3.13x 12.18x 3.52% 24.64B
Weighted average by Cap. 13.33x 3.17x 12.10x 3.53%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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