Company Valuation: Cutix Plc

Data adjusted to current consolidation scope
Fiscal Period: April 2020 2021 2022 2023 2024 2025
Market Cap 1 2,131 3,893 8,595 7,926 10,920 17,120
Change - 82.64% 120.81% -7.79% 37.78% 56.77%
Enterprise Value (EV) 1 3,068 5,327 9,575 9,107 12,277 19,149
Change - 73.62% 79.74% -4.89% 34.81% 55.98%
P/E 5.42x 6.55x 10.9x 10x 10.3x 16.6x
PBR 1.18x 1.81x 3.18x 2.5x 2.87x 4.03x
PEG - 0.1x 0.3x 21.38x 0.3x -5.3x
Capitalization / Revenue 0.42x 0.58x 1.09x 0.86x 0.9x 1.09x
EV / Revenue 0.61x 0.79x 1.22x 0.98x 1.01x 1.21x
EV / EBITDA 3.61x 4.4x 6.46x 5.95x 6.18x 11x
EV / EBIT 4.4x 5.2x 7.43x 7.04x 6.68x 12.3x
EV / FCF -17.6x -20.8x 17x 487x 256x -41.3x
FCF Yield -5.67% -4.82% 5.87% 0.21% 0.39% -2.42%
Dividend per Share 2 0.0313 0.0375 0.05 0.06 0.075 0.1
Rate of return 10.3% 6.79% 4.1% 5.33% 4.84% 4.12%
EPS 2 0.0558 0.0843 0.1116 0.1121 0.1512 0.1465
Distribution rate 56.1% 44.5% 44.8% 53.5% 49.6% 68.3%
Net sales 1 5,026 6,750 7,868 9,248 12,178 15,773
EBITDA 1 850.6 1,211 1,481 1,530 1,988 1,748
EBIT 1 697 1,024 1,288 1,294 1,838 1,558
Net income 1 393.1 594 786.3 790 1,065 1,032
Net Debt 1 936.9 1,434 979.5 1,181 1,356 2,029
Reference price 2 0.302 0.552 1.220 1.125 1.550 2.430
Nbr of stocks (in thousands) 7,045,288 7,045,288 7,045,288 7,045,288 7,045,288 7,045,288
Announcement Date 30/07/21 30/07/21 30/06/22 26/07/23 25/07/24 26/07/25
1NGN in Million2NGN
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 14.82M
28.61x1.88x14.47x0.75% 44.28B
56.18x7.89x42.21x - 10.57B
19.58x0.99x8.24x2.34% 6.7B
17.86x0.42x7.57x0.77% 5.99B
18.34x2.14x12.2x1.6% 5.3B
55.08x4.05x39.25x0.11% 5.16B
17.96x2.21x11.86x1.72% 4.85B
Average 30.52x 2.80x 19.40x 1.22% 10.36B
Weighted average by Cap. 30.99x 2.64x 18.25x 0.98%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA