Company Valuation: Tharisa plc

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 371.4 345.1 275.1 307.9 412.1 499.8 - -
Change - -7.1% -20.28% 11.94% 33.83% 21.28% - -
Enterprise Value (EV) 1 324.8 264.7 145.7 190.5 342.4 532.1 728 866.5
Change - -18.53% -44.93% 30.68% 79.77% 55.41% 36.81% 19.03%
P/E 3.69x 2.14x 3.35x 3.86x - 5.62x 4.82x -
PBR - 0.62x 0.45x - - - - -
PEG - 0x -0.1x -2.64x - - 0.3x -
Capitalization / Revenue 0.62x 0.5x 0.42x 0.43x 0.68x 0.67x 0.66x 0.52x
EV / Revenue 0.54x 0.39x 0.22x 0.26x 0.57x 0.71x 0.96x 0.9x
EV / EBITDA 1.45x 1.12x 1.07x 1.07x 1.83x 2.32x 2.98x 2.87x
EV / EBIT 1.82x 1.43x 1.54x 1.59x 2.73x 3.32x 4.61x 5x
EV / FCF 3.17x 3.85x 1.85x 32.6x -12.9x -6.79x -3.93x -6.8x
FCF Yield 31.5% 25.9% 54.2% 3.07% -7.75% -14.7% -25.4% -14.7%
Dividend per Share 2 0.09 0.07 0.05 - - - - -
Rate of return 6.52% 6.08% 5.45% - - - - -
EPS 2 0.374 0.538 0.274 0.27 - 0.3 0.35 -
Distribution rate 24.1% 13% 18.2% - - - - -
Net sales 1 596.3 686 649.9 721.4 602.9 751.6 757.5 962.3
EBITDA 1 224.3 236.3 136.8 177.6 187.3 229.3 244.5 301.6
EBIT 1 178.8 184.5 94.7 119.6 125.6 160.3 158 173.4
Net income 1 100.5 149.6 82.24 82.9 79.13 105.6 90.92 112
Net Debt 1 -46.6 -80.42 -129.4 -117.5 -69.75 32.28 228.2 366.7
Reference price 2 1.380 1.152 0.917 1.043 1.401 1.687 1.687 1.687
Nbr of stocks (in thousands) 269,188 299,619 300,020 295,204 294,175 296,290 - -
Announcement Date 12/2/21 A 12/5/22 A 12/13/23 A 11/28/24 A 12/1/25 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 0.71x2.32x - 500M
10.32x2.36x6.14x6.61% 22.69B
9.41x2.08x7.37x3.92% 7.72B
4.63x1.08x2.17x6.45% 320M
8.25x0.3x1.89x - 109M
Average 8.15x 1.31x 3.98x 5.66% 6.27B
Weighted average by Cap. 10.03x 2.24x 6.33x 5.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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