Company Valuation: Associated British Foods plc

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 15,196 10,748 15,950 16,183 14,020 14,360 - -
Change - -29.27% 48.39% 1.46% -13.36% 2.43% - -
Enterprise Value (EV) 1 16,576 12,512 18,215 18,204 16,649 17,179 17,148 16,973
Change - -24.51% 45.57% -0.06% -8.54% 3.18% -0.18% -1.02%
P/E 31.8x 15.3x 15.5x 11.3x 13.9x 14.1x 13.5x 11.8x
PBR 1.53x 0.94x 1.46x 1.47x 1.29x 1.27x 1.2x 1.13x
PEG - 0.3x 0.3x 0.3x -0.5x 4.75x 3.42x 0.8x
Capitalization / Revenue 1.09x 0.63x 0.81x 0.81x 0.72x 0.74x 0.72x 0.69x
EV / Revenue 1.19x 0.74x 0.92x 0.91x 0.86x 0.88x 0.86x 0.82x
EV / EBITDA 8.92x 5.53x 7.71x 6.26x 6.2x 6.99x 6.69x 6.13x
EV / EBIT 16.4x 8.72x 12x 9.11x 9.6x 11.2x 10.8x 9.77x
EV / FCF 19.2x 26.5x 27.7x 10.4x 25.7x 30.9x 26.5x 23.1x
FCF Yield 5.2% 3.78% 3.61% 9.61% 3.89% 3.23% 3.77% 4.33%
Dividend per Share 2 0.267 0.437 0.6 0.63 0.63 0.6027 0.6189 0.6598
Rate of return 1.39% 3.21% 2.88% 2.88% 3.2% 2.94% 3.02% 3.22%
EPS 2 0.605 0.886 1.342 1.937 1.416 1.458 1.516 1.741
Distribution rate 44.1% 49.3% 44.7% 32.5% 44.5% 41.3% 40.8% 37.9%
Net sales 1 13,884 16,997 19,750 20,073 19,459 19,474 19,982 20,687
EBITDA 1 1,858 2,261 2,361 2,910 2,685 2,457 2,562 2,770
EBIT 1 1,011 1,435 1,513 1,998 1,734 1,531 1,592 1,738
Net income 1 478 700 1,044 1,455 1,025 1,028 1,048 1,185
Net Debt 1 1,380 1,764 2,265 2,021 2,629 2,819 2,788 2,612
Reference price 2 19.24 13.60 20.85 21.89 19.70 20.52 20.52 20.52
Nbr of stocks (in thousands) 790,004 790,327 764,973 739,294 711,515 699,826 - -
Announcement Date 09/11/21 08/11/22 07/11/23 05/11/24 04/11/25 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.76x0.87x6.86x3% 18.93B
20.96x3.01x14.77x3.72% 269B
21.45x2.48x14.68x3.38% 78.84B
19.18x1.95x11x3.21% 53.29B
18.49x0.55x10.59x2.48% 40B
21.88x3.24x13.2x3.31% 35.44B
37.87x3.19x18.87x0.94% 31.5B
12.5x1.99x9.78x6.12% 31.1B
69.46x10.38x44.06x1.1% 28.49B
13.31x0.4x9.14x2.51% 22.47B
Average 24.89x 2.80x 15.29x 2.98% 60.89B
Weighted average by Cap. 22.97x 2.84x 14.94x 3.31%

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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  3. ABF Stock
  4. Valuation Associated British Foods plc