Company Valuation: Softcat plc

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,834 2,772 2,984 3,239 3,256 3,650 - -
Change - -27.69% 7.65% 8.52% 0.54% 12.09% - -
Enterprise Value (EV) 1 3,732 2,675 2,862 3,080 3,109 3,480 3,437 3,411
Change - -28.32% 6.98% 7.64% 0.94% 11.94% -1.23% -0.78%
P/E 40.1x 25.2x 26.8x 27.4x 24.7x 24.6x 23x 20.4x
PBR 21.4x 13.1x 11.9x 10.9x 9.63x 11.6x 9.4x 7.75x
PEG - 1.7x 21.17x 4.51x 2.2x 1.8x 3.36x 1.6x
Capitalization / Revenue 3.31x 2.57x 3.03x 3.36x 2.23x 2.09x 2.04x 1.86x
EV / Revenue 3.23x 2.48x 2.9x 3.2x 2.13x 1.99x 1.92x 1.74x
EV / EBITDA 30.6x 19x 19.5x 19.2x 17x 16.1x 15.1x 13.5x
EV / EBIT 31.3x 19.6x 20.3x 20x 18x 17x 15.8x 14.1x
EV / FCF 44x 34x 28x 26.9x 24.1x 26.1x 24.7x 20.8x
FCF Yield 2.27% 2.94% 3.57% 3.72% 4.15% 3.83% 4.05% 4.81%
Dividend per Share 2 0.413 0.365 0.376 0.475 0.454 0.4944 0.5081 0.5386
Rate of return 2.14% 2.62% 2.51% 2.92% 2.78% 2.66% 2.74% 2.9%
EPS 2 0.482 0.553 0.56 0.594 0.662 0.7544 0.806 0.9116
Distribution rate 85.7% 66% 67.1% 80% 68.6% 65.5% 63% 59.1%
Net sales 1 1,157 1,078 985.3 962.6 1,458 1,748 1,789 1,962
EBITDA 1 122 140.7 147 160.7 183.4 216.7 228 253.1
EBIT 1 119.4 136.1 140.9 154.1 172.9 204.7 216.9 241.9
Net income 1 96.18 110.4 112 119 133 151.6 161.7 185.1
Net Debt 1 -101.7 -97.3 -122.6 -158.5 -147.1 -169.5 -212.3 -239.2
Reference price 2 19.33 13.95 15.00 16.26 16.33 18.57 18.57 18.57
Nbr of stocks (in thousands) 198,326 198,725 198,949 199,177 199,392 196,331 - -
Announcement Date 10/26/21 A 10/25/22 A 10/24/23 A 10/24/24 A 10/22/25 A - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.61x1.99x16.04x2.66% 4.93B
23.89x3.87x13.52x2.78% 229B
-129x17.99x99.72x-.--% 116B
13.66x1.51x7.91x3.51% 113B
14.25x2.6x9.8x5.77% 83.35B
19.32x5.13x12.59x2.94% 58.46B
13.6x1.96x8.33x5.73% 43.99B
21.07x1.72x10.72x1.39% 42.35B
19.99x1.5x9.62x0.95% 39.17B
16.65x2.09x9.91x5.25% 34.16B
Average 3.80x 4.04x 19.82x 3.1% 76.41B
Weighted average by Cap. -3.49x 5.18x 24.50x 2.91%

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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  4. Valuation Softcat plc
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