Projected Income Statement: Aviva plc

Forecast Balance Sheet: Aviva plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 - - - - 2,717 -705 -770 -894
Change - - - - - -125.95% -9.22% -16.1%
Announcement Date 02/03/22 09/03/23 07/03/24 27/02/25 05/03/26 - - -
1GBP in Million
Estimates

Cash Flow Forecast: Aviva plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 86 - 350 50 93 449 468 487
Change - - - -85.71% 86% 382.8% 4.23% 4.06%
Free Cash Flow (FCF) 1 -2,944 15,867 1,455 - - - - -
Change - 638.96% -90.83% - - - - -
Announcement Date 02/03/22 09/03/23 07/03/24 27/02/25 05/03/26 - - -
1GBP in Million
Estimates

Forecast Financial Ratios: Aviva plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) - - - - - - - -
EBIT Margin (%) 5.99% 7.79% 5.18% 5.02% 5.91% 6.36% 6.6% 6.78%
EBT Margin (%) 5.04% -4.66% 4.5% 2.82% 4.08% 5.3% 5.72% 5.84%
Net margin (%) 4.26% -3.37% 2.89% 1.52% 2.05% 3.59% 3.97% 4.21%
FCF margin (%) -6.37% 46.06% 3.88% - - - - -
FCF / Net Income (%) -149.75% -1,367.84% 134.1% - - - - -

Profitability

        
ROA 0.3% 0.55% 0.34% 0.2% 0.25% 0.33% 0.36% 0.38%
ROE 6.53% 11.76% 11.31% 7.77% 9.73% 16.67% 16.69% 17.77%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 0.19% - 0.93% 0.11% 0.21% 1.07% 1.07% 1.07%
CAPEX / EBITDA (%) - - - - - - - -
CAPEX / FCF (%) -2.92% - 24.05% - - - - -

Items per share

        
Cash flow per share 1 -0.967 5.081 -0.9838 3.109 - - - -
Change - 625.45% -119.36% 416.06% - - - -
Dividend per Share 1 0.2901 0.31 0.334 0.357 0.393 0.4172 0.4456 0.4752
Change - 6.85% 7.74% 6.89% 10.08% 6.17% 6.81% 6.64%
Book Value Per Share 1 6.497 4.026 3.389 3.101 3.494 3.321 3.564 3.668
Change - -38.03% -15.83% -8.49% 12.68% -4.95% 7.31% 2.91%
EPS 1 0.6592 -0.382 0.372 0.236 0.269 0.5165 0.5897 0.6581
Change - -157.95% 197.38% -36.56% 13.98% 92.01% 14.17% 11.6%
Nbr of stocks (in thousands) 2,858,603 2,798,521 2,719,498 2,656,456 3,039,060 3,002,390 3,002,390 3,002,390
Announcement Date 02/03/22 09/03/23 07/03/24 27/02/25 05/03/26 - - -
1GBP
Estimates
2026 *2027 *
P/E ratio 12.2x 10.6x
PBR 1.89x 1.76x
EV / Sales 0.43x 0.42x
Yield 6.64% 7.1%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
6.280GBP
Average target price
6.854GBP
Spread / Average Target
+9.13%

Annual profits - Rate of surprise