Financials A.G. BARR p.l.c.

Equities

BAG

GB00B6XZKY75

Non-Alcoholic Beverages

Market Closed - London S.E. Other stock markets 16:35:12 26/04/2024 BST			5-day change	1st Jan Change
566 ^GBX	+0.35%		+3.10%	+10.33%

03-26	Upbeat AG Barr cheers City as sales leap and profit tops expectations	AN
03-26	AG Barr Reports Growth in FY24 Attributable Profit, Revenue	MT

Valuation

Fiscal Period: January	2020	2021	2022	2023	2025	2026	2027
Capitalization ¹	697.4	541.4	551.2	582.9	628.1	-	-
Enterprise Value (EV) ¹	686.5	488.5	486.9	530	567.1	544.2	517.3
P/E ratio	23.7 x	28.4 x	19.9 x	17.2 x	17.3 x	13.2 x	12.5 x
Yield	2.67%	-	2.42%	2.5%	2.92%	3.27%	3.18%
Capitalization / Revenue	2.73 x	2.39 x	2.05 x	1.84 x	1.49 x	1.43 x	1.39 x
EV / Revenue	2.68 x	2.15 x	1.81 x	1.67 x	1.35 x	1.24 x	1.14 x
EV / EBITDA	13.4 x	10.5 x	9.15 x	9.41 x	8.16 x	6.9 x	5.85 x
EV / FCF	27.1 x	11.2 x	12.7 x	24.9 x	16.5 x	12.5 x	10.8 x
FCF Yield	3.69%	8.93%	7.89%	4.02%	6.07%	8.01%	9.23%
Price to Book	3.37 x	2.36 x	2.25 x	2.17 x	2.02 x	1.84 x	1.69 x
Nbr of stocks (in thousands)	111,224	111,172	111,248	111,241	110,980	-	-
Reference price ²	6.270	4.870	4.955	5.240	5.660	5.660	5.660
Announcement Date	08/04/20	30/03/21	29/03/22	28/03/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: January	2020	2021	2022	2023	2025	2026	2027
Net sales ¹	255.7	227	268.6	317.6	421.5	440	452.6
EBITDA ¹	51.1	46.5	53.2	56.3	69.48	78.86	88.36
EBIT ¹	38.1	33.6	42	45.3	55.86	63.23	66.87
Operating Margin	14.9%	14.8%	15.64%	14.26%	13.25%	14.37%	14.77%
Earnings before Tax (EBT) ¹	37.4	26	42.2	44.4	50.6	63.75	67.33
Net income ¹	29.8	19.1	27.9	33.9	36.65	47.8	50.5
Net margin	11.65%	8.41%	10.39%	10.67%	8.7%	10.86%	11.16%
EPS ²	0.2649	0.1716	0.2495	0.3047	0.3280	0.4275	0.4513
Free Cash Flow ¹	25.3	43.6	38.4	21.3	34.44	43.61	47.75
FCF margin	9.89%	19.21%	14.3%	6.71%	8.17%	9.91%	10.55%
FCF Conversion (EBITDA)	49.51%	93.76%	72.18%	37.83%	49.57%	55.3%	54.04%
FCF Conversion (Net income)	84.9%	228.27%	137.63%	62.83%	93.98%	91.23%	94.55%
Dividend per Share ²	0.1674	-	0.1200	0.1310	0.1652	0.1851	0.1800
Announcement Date	08/04/20	30/03/21	29/03/22	28/03/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: January	2022 S1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	14.2
Net margin	-
EPS ²	0.1271
Dividend per Share	-
Announcement Date	28/09/21

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: January	2020	2021	2022	2023	2025	2026	2027
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	10.9	52.9	64.3	52.9	61.1	83.9	111
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	25.3	43.6	38.4	21.3	34.4	43.6	47.8
ROE (net income / shareholders' equity)	14.3%	8.74%	11.8%	13.2%	12.8%	14.4%	13.9%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	1.860	2.060	2.200	2.420	2.810	3.070	3.350
Cash Flow per Share ²	0.3600	0.4600	0.3900	0.3200	0.5600	0.6100	0.6400
Capex ¹	14.8	7.1	5	14.6	19.7	19.9	20
Capex / Sales	5.79%	3.13%	1.86%	4.6%	4.67%	4.53%	4.42%
Announcement Date	08/04/20	30/03/21	29/03/22	28/03/23	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for A.G. BARR p.l.c.

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.66 GBP

Average target price

6.478 GBP

Spread / Average Target

+14.46%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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