Financials ASOS Plc

Equities

ASC

GB0030927254

Department Stores

Real-time Estimate Cboe Europe 13:56:56 17/07/2024 BST 5-day change 1st Jan Change
356.3 GBX -2.38% Intraday chart for ASOS Plc -2.93% -16.04%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,946 4,640 3,481 683 535.3 434.7 - -
Enterprise Value (EV) 1 2,036 4,233 3,281 835.9 854.8 801.1 807.5 829.9
P/E ratio 78.9 x 37.1 x 27.8 x -22.2 x -2.11 x -2.39 x -7.75 x -16.4 x
Yield - - - - - - - 0.03%
Capitalization / Revenue 0.71 x 1.42 x 0.89 x 0.17 x 0.15 x 0.14 x 0.13 x 0.13 x
EV / Revenue 0.74 x 1.3 x 0.84 x 0.21 x 0.24 x 0.25 x 0.24 x 0.24 x
EV / EBITDA 19.1 x 15.8 x 10.1 x 5.97 x 6.87 x 11.5 x 5.11 x 4.15 x
EV / FCF -15.4 x 14.8 x 56.6 x -2.76 x -5.29 x 10.8 x 25.5 x 17 x
FCF Yield -6.48% 6.77% 1.77% -36.3% -18.9% 9.22% 3.91% 5.88%
Price to Book 4.28 x 5.16 x 3.37 x 0.67 x 0.54 x 0.64 x 0.68 x 0.69 x
Nbr of stocks (in thousands) 83,831 99,493 99,592 99,704 119,008 119,106 - -
Reference price 2 23.21 46.64 34.95 6.850 4.498 3.650 3.650 3.650
Announcement Date 16/10/19 14/10/20 11/10/21 19/10/22 01/11/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Septiembre 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,734 3,264 3,910 3,936 3,550 3,150 3,297 3,471
EBITDA 1 106.4 268.5 325.6 140 124.5 69.95 157.9 200
EBIT 1 35.1 151.1 206.6 44.1 -29 -97.45 8.018 54.35
Operating Margin 1.28% 4.63% 5.28% 1.12% -0.82% -3.09% 0.24% 1.57%
Earnings before Tax (EBT) 1 33.1 142.1 177.1 -31.9 -296.7 -299.3 -65.28 -15.18
Net income 1 24.6 113.3 128.4 -30.8 -223.1 -197.2 -51.01 -17.95
Net margin 0.9% 3.47% 3.28% -0.78% -6.29% -6.26% -1.55% -0.52%
EPS 2 0.2940 1.256 1.255 -0.3090 -2.130 -1.528 -0.4708 -0.2224
Free Cash Flow 1 -131.9 286.7 58 -303.3 -161.5 73.89 31.61 48.79
FCF margin -4.83% 8.79% 1.48% -7.7% -4.55% 2.35% 0.96% 1.41%
FCF Conversion (EBITDA) - 106.78% 17.81% - - 105.64% 20.02% 24.4%
FCF Conversion (Net income) - 253.05% 45.17% - - - - -
Dividend per Share 2 - - - - - - - 0.001110
Announcement Date 16/10/19 14/10/20 11/10/21 19/10/22 01/11/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 Q1 2023 S1 2023 Q3 2023 S2 2024 S2
Net sales 1 1,597 1,667 1,976 1,935 2,004 1,932 1,336 1,841 858.9 1,709 1,628
EBITDA 92 176.5 180.8 144.8 64 76 - 4.6 - 110.6 -
EBIT 34.6 116.5 116.2 90.4 26.2 17.9 - -69.4 - 40.4 -
Operating Margin 2.17% 6.99% 5.88% 4.67% 1.31% 0.93% - -3.77% - 2.36% -
Earnings before Tax (EBT) 30.1 112 106.4 70.7 -15.8 -16.1 - - - - -
Net income 23.1 90.2 81.8 - - - - - - - -
Net margin 1.45% 5.41% 4.14% - - - - - - - -
EPS 0.2750 0.9810 0.8190 0.4360 -0.1350 -0.1740 - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 07/04/20 14/10/20 08/04/21 11/10/21 12/04/22 19/10/22 10/02/23 10/05/23 01/08/23 01/11/23 -
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 90.5 - - 153 320 366 373 395
Net Cash position 1 - 408 200 - - - - -
Leverage (Debt/EBITDA) 0.8506 x - - 1.092 x 2.566 x 5.238 x 2.361 x 1.976 x
Free Cash Flow 1 -132 287 58 -303 -162 73.9 31.6 48.8
ROE (net income / shareholders' equity) 5.51% 17.9% 15.2% 2.07% -5.62% -14.1% -6.59% -0.04%
ROA (Net income/ Total Assets) 2.18% 10% 5.76% 0.72% -1.88% -7.68% 0.77% 0.11%
Assets 1 1,126 1,133 2,229 -4,264 11,856 2,567 -6,620 -15,819
Book Value Per Share 2 5.430 9.030 10.40 10.20 8.280 5.670 5.360 5.250
Cash Flow per Share 2 1.070 4.470 2.030 -1.210 0.1600 1.780 1.120 1.300
Capex 1 222 117 157 183 178 131 137 134
Capex / Sales 8.11% 3.57% 4.02% 4.65% 5.01% 4.15% 4.15% 3.86%
Announcement Date 16/10/19 14/10/20 11/10/21 19/10/22 01/11/23 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
21
Last Close Price
3.65 GBP
Average target price
4.518 GBP
Spread / Average Target
+23.77%
Consensus