Company Valuation: Valvoline Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,636 4,486 4,470 5,393 4,565 3,902 - -
Change - -20.41% -0.34% 20.64% -15.36% -14.53% - -
Enterprise Value (EV) 1 7,100 6,150 5,647 6,419 5,587 5,522 5,481 5,478
Change - -13.38% -8.17% 13.65% -12.95% -1.17% -0.73% -0.05%
P/E 13.6x - 3.7x 26x 21.9x 30.5x 15.9x 12.1x
PBR 41.6x 14.6x 21.4x 29x 13.5x 8.72x 6.14x 4.43x
PEG - - - -0.3x 11.75x -0.8x 0.2x 0.4x
Capitalization / Revenue 1.89x 3.63x 3.1x 3.33x 2.67x 1.88x 1.68x 1.53x
EV / Revenue 2.38x 4.98x 3.91x 3.96x 3.27x 2.66x 2.36x 2.15x
EV / EBITDA 11.2x 9.12x 14.9x 14.5x 12x 9.93x 8.91x 7.73x
EV / EBIT 13.4x 10.7x 19.4x 19.1x 16.1x 13.6x 12.3x 10.3x
EV / FCF 27.3x 40.5x 32.6x 158x 147x 43.6x 41x 38.6x
FCF Yield 3.66% 2.47% 3.06% 0.63% 0.68% 2.3% 2.44% 2.59%
Dividend per Share 2 0.5 0.5 0.125 - - - - -
Rate of return 1.6% 1.97% 0.39% - - - - -
EPS 2 2.29 - 8.71 1.61 1.64 1.004 1.926 2.53
Distribution rate 21.8% - 1.44% - - - - -
Net sales 1 2,981 1,236 1,444 1,619 1,710 2,079 2,321 2,553
EBITDA 1 634 674.6 380 442.6 466.8 556 615.1 709.1
EBIT 1 528 577.3 291.2 336.7 347.4 406 446.2 530.5
Net income 1 420 - - 211.5 210.7 129.2 244.8 323.7
Net Debt 1 1,464 1,664 1,177 1,026 1,022 1,620 1,580 1,577
Reference price 2 31.18 25.34 32.24 41.85 35.91 30.58 30.58 30.58
Nbr of stocks (in thousands) 180,761 177,020 138,663 128,866 127,115 127,586 - -
Announcement Date 11/3/21 A 11/15/22 A 11/9/23 A 11/19/24 A 11/19/25 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.46x2.66x9.93x-.--% 3.9B
18.44x3.48x11.36x1.82% 10.51B
19x2.71x10.07x - 5.32B
7.16x1.52x5.62x4.45% 5.14B
14.05x1.41x8.43x-.--% 3.13B
82.13x1x7.5x0.57% 2.19B
12.46x1.93x8.95x - 1.93B
88.33x1.14x9.68x - 1.85B
Average 34.00x 1.98x 8.94x 1.37% 4.25B
Weighted average by Cap. 25.38x 2.40x 9.38x 1.74%

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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