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 1,658 - -
Change - -17.69% 1.34% 21.25% 2.91% -13.24% - -
Enterprise Value (EV) 1,640 1,313 1,531 1,857 1,911 1,658 1,658 1,658
Change - -19.96% 16.67% 21.25% 2.91% -13.24% 0% 0%
P/E 10.6x 10.1x - 11.9x 14.2x 12.3x 11.7x 11.1x
PBR 2.7x 2.38x - 2.88x 2.95x 2.57x 2.57x 2.57x
PEG - -0.7x - - -1x 65.07x 2.07x 2.07x
Capitalization / Revenue 0.77x 0.67x 0.71x 0.85x 0.94x 0.79x 0.76x 0.73x
EV / Revenue 0x 0x 0x 0x 0x 0.79x 0.76x 0.73x
EV / EBITDA 0x 0x 0x 0x 0x 7.71x 7.31x 6.93x
EV / EBIT 0x 0x 0x 0x 0x 9.75x 9.14x 8.6x
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% 8.04% 8.64% 9.21%
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 6.545 6.545 6.545
Nbr of stocks (in thousands) 252,245 252,656 252,581 253,002 253,489 253,294 - -
Announcement Date 16/05/22 17/05/23 21/05/24 14/05/25 21/05/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.9x5.98x15.49x1.56% 432B
52.58x18.64x37.4x-.--% 251B
20.72x0.84x15.16x2.19% 186B
29.97x9.54x23.04x0.41% 163B
43.91x12.94x29.08x-.--% 83.5B
33.19x6.42x18.93x1.01% 75.91B
44.76x2.37x15.39x1.61% 60.11B
27.37x6.17x20.6x1.51% 52.85B
60.14x7.78x34.42x-.--% 49.46B
Average 37.73x 7.85x 23.28x 0.92% 150.36B
Weighted average by Cap. 34.62x 8.42x 22.34x 1.03%

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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-40%: Exceptional extension
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