Company Valuation: Vtech Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,836 1,511 1,531 1,857 1,911 1,687 - -
Change - -17.69% 1.34% 21.25% 2.91% -11.74% - -
Enterprise Value (EV) 1,640 1,313 1,531 1,857 1,911 1,687 1,687 1,687
Change - -19.96% 16.67% 21.25% 2.91% -11.74% 0% 0%
P/E 10.6x 10.1x - 11.9x 14.2x 12.6x 11.9x 11.3x
PBR 2.7x 2.38x - 2.88x 2.95x 2.61x 2.61x 2.61x
PEG - -0.7x - - -1x 66.65x 2.1x 2.11x
Capitalization / Revenue 0.77x 0.67x 0.71x 0.85x 0.94x 0.81x 0.78x 0.75x
EV / Revenue 0x 0x 0x 0x 0x 0.81x 0.78x 0.75x
EV / EBITDA 0x 0x 0x 0x 0x 7.85x 7.44x 7.05x
EV / EBIT 0x 0x 0x 0x 0x 9.92x 9.3x 8.75x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.68 0.59 0.65 0.61 0.53 0.5265 0.5655 0.603
Rate of return 9.34% 9.86% 10.7% 8.31% 7.03% 7.91% 8.49% 9.06%
EPS 2 0.685 0.591 - 0.619 0.529 0.53 0.56 0.59
Distribution rate 99.3% 99.8% - 98.5% 100% 99.3% 101% 102%
Net sales 1 2,370 2,242 2,146 2,177 2,028 2,087 2,170 2,256
EBITDA 1 268.4 237 251.6 243.9 225.9 214.9 226.8 239.3
EBIT 1 203.8 180.5 196.2 188.7 171 170.1 181.4 192.7
Net income 1 172.7 149.2 - - 134.1 135 143 149
Net Debt -195.8 -198.5 - - - - - -
Reference price 2 7.278 5.981 6.063 7.339 7.538 6.659 6.659 6.659
Nbr of stocks (in thousands) 252,245 252,656 252,581 253,002 253,489 253,294 - -
Announcement Date 5/16/22 A 5/17/23 A 5/21/24 A 5/14/25 A 5/21/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.56x - - 7.91% 1.69B
26.24x5.88x15.22x1.58% 424B
53.39x19.06x38.24x-.--% 257B
19.23x0.78x14.05x2.36% 172B
26.15x8.29x20.01x0.47% 142B
45.82x13.47x30.06x-.--% 87.12B
32.27x6.3x18.27x1.08% 73.81B
42.05x2.28x14.72x1.68% 57.35B
28.64x6.48x21.62x1.44% 55.32B
60.66x7.85x34.72x-.--% 49.89B
Average 34.70x 7.82x 22.99x 1.65% 132.02B
Weighted average by Cap. 34.30x 8.51x 22.20x 1.07%

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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