Company Valuation: Venture Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,321 4,965 3,953 3,801 4,356 4,351 - -
Change - -6.68% -20.39% -3.83% 14.58% -0.12% - -
Enterprise Value (EV) 1 4,513 4,152 2,896 2,485 3,072 3,218 3,203 3,202
Change - -7.98% -30.25% -14.21% 23.64% 4.74% -0.45% -0.05%
P/E 17.1x 13.5x 14.7x 15.6x 19.2x 17.5x 16.2x 15.3x
PBR 1.96x 1.75x 1.4x 1.32x 1.56x 1.55x 1.53x 1.5x
PEG - 0.7x -0.5x -1.76x -2.84x 1.76x 2.07x 2.43x
Capitalization / Revenue 1.71x 1.29x 1.31x 1.39x 1.72x 1.59x 1.49x 1.4x
EV / Revenue 1.45x 1.07x 0.96x 0.91x 1.21x 1.17x 1.09x 1.03x
EV / EBITDA 11.6x 8.78x 8.66x 8.35x 11x 10.2x 9.43x 8.88x
EV / EBIT 12.8x 9.44x 9.56x 9.38x 12.5x 11.6x 10.7x 10x
EV / FCF 49.6x 17.6x 6.11x 5.33x 13.6x 29.8x 13.2x 17.4x
FCF Yield 2.02% 5.69% 16.4% 18.8% 7.37% 3.36% 7.59% 5.76%
Dividend per Share 2 0.75 0.75 0.75 0.75 0.8 0.805 0.815 0.8056
Rate of return 4.1% 4.4% 5.51% 5.7% 5.28% 5.32% 5.38% 5.32%
EPS 2 1.07 1.268 0.926 0.844 0.787 0.8654 0.9332 0.9918
Distribution rate 70.1% 59.1% 81% 88.9% 102% 93% 87.3% 81.2%
Net sales 1 3,107 3,864 3,025 2,736 2,535 2,745 2,926 3,111
EBITDA 1 389.9 472.7 334.6 297.7 280 316 339.8 360.4
EBIT 1 353 439.9 303.1 264.9 246.1 277.9 300.7 320.3
Net income 1 312.1 369.6 270 245 227 250.2 270.8 289.3
Net Debt 1 -807.9 -812.6 -1,056 -1,317 -1,284 -1,133 -1,147 -1,149
Reference price 2 18.31 17.06 13.61 13.15 15.14 15.14 15.14 15.14
Nbr of stocks (in thousands) 290,583 291,035 290,431 289,087 287,696 287,357 - -
Announcement Date 2/25/22 A 2/24/23 A 2/22/24 A 2/21/25 A 2/26/26 A - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
28.93x5.44x16.52x0.68% 183B
33.54x11.92x21.73x0.82% 121B
45.97x5.8x19.85x0.91% 107B
13.15x0.3x6.61x3.83% 105B
30.69x5x16.44x1.12% 72.84B
52.91x5.74x26.24x0.26% 62.41B
18.11x1.07x12.02x0.7% 60.88B
19.13x3.23x12.35x1.4% 60.23B
16.99x6.01x12.21x0.75% 54.56B
Average 28.82x 4.94x 16.00x 1.16% 91.87B
Weighted average by Cap. 29.46x 5.32x 16.26x 1.2%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Venture Corporation Limited

Historical PBR trend

Valuation ratios - PBR - Venture Corporation Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Venture Corporation Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Venture Corporation Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Venture Corporation Limited
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