Company Valuation: Podravka d.d.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,433 4,447 8,910 7,644 8,750 8,855 - -
Change - 0.31% 100.37% -14.21% 14.47% 1.2% - -
Enterprise Value (EV) 1 4,433 4,447 9,024 7,868 8,750 11,300 11,401 11,036
Change - 0.31% 102.93% -12.81% 11.21% 29.14% 0.9% -3.2%
P/E 14.6x - 17.6x 14.1x - 10.5x 11.4x 11x
PBR - - 2.07x 1.7x - 1.22x 1.2x 1.11x
PEG - - - 2.18x - - -1.46x 3.39x
Capitalization / Revenue - 0.88x 1.63x 1.36x 1.04x 1.01x 0.96x 0.92x
EV / Revenue - 0.88x 1.65x 1.4x 1.04x 1.29x 1.23x 1.14x
EV / EBITDA - - 12.8x 9.37x 4.64x 7.56x 7.31x 6.78x
EV / EBIT - - 19.9x 13.4x 6.2x 11.4x 11.1x 10.3x
EV / FCF - - 28.4x 60.8x - 45.1x 21.9x 15.7x
FCF Yield - - 3.53% 1.65% - 2.22% 4.56% 6.38%
Dividend per Share 2 - - 20.25 23.49 - 25.93 26.33 30.37
Rate of return - - 1.59% 2.16% - 2.07% 2.1% 2.43%
EPS 2 43.4 - 72.29 76.97 - 119.3 110 113.6
Distribution rate - - 28% 30.5% - 21.7% 23.9% 26.7%
Net sales 1 - 5,027 5,455 5,626 8,435 8,747 9,242 9,650
EBITDA 1 - - 702.7 839.5 1,884 1,494 1,560 1,627
EBIT 1 - - 452.9 587 1,411 994.3 1,031 1,074
Net income 1 309.2 369.6 507.1 542.1 1,126 840.3 779.4 802.4
Net Debt 1 - - 113.9 223.9 - 2,445 2,546 2,181
Reference price 2 632.00 634.00 1,270.87 1,086.82 1,244.62 1,251.71 1,251.71 1,251.71
Nbr of stocks (in thousands) 7,014 7,014 7,011 7,033 7,030 7,074 - -
Announcement Date 04/04/22 28/02/23 28/02/24 27/02/25 26/02/26 - - -
1HRK in Million2HRK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- 1.29x7.56x - 1.26B
20.65x2.87x14.2x3.9% 253B
21.46x2.46x14.54x3.42% 77.88B
18.65x1.91x10.77x3.29% 51.68B
18.07x0.55x10.49x2.48% 40.09B
22.57x3.33x13.57x3.21% 36.55B
12.5x1.99x9.76x6.12% 31.09B
35.81x3.02x17.91x0.99% 29.56B
67.17x10.28x42.6x1.14% 29.07B
Average 27.11x 3.08x 15.71x 3.07% 61.1B
Weighted average by Cap. 23.34x 2.93x 15.05x 3.45%

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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  4. Valuation Podravka d.d.