Company Valuation: BT Group plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 15,236 18,086 14,344 10,700 16,251 21,824 - -
Change - 18.7% -20.69% -25.4% 51.88% 34.3% - -
Enterprise Value (EV) 1 33,038 36,095 33,203 30,179 36,067 42,161 42,147 41,749
Change - 9.25% -8.01% -9.11% 19.51% 16.9% -0.03% -0.95%
P/E ratio 10.5x 14.1x 7.71x 12.8x 15.6x 16.7x 14.6x 14.2x
PBR 1.31x 1.18x 0.98x 0.86x 1.28x 1.66x 1.6x 1.53x
PEG - -1.1x 0.2x -0.2x 0.7x 0.7x 1x 5.4x
Capitalization / Revenue 0.71x 0.87x 0.69x 0.51x 0.8x 1.1x 1.12x 1.12x
EV / Revenue 1.55x 1.73x 1.61x 1.45x 1.77x 2.13x 2.16x 2.14x
EV / EBITDA 4.46x 4.76x 4.19x 3.73x 4.39x 5.15x 5.12x 5.04x
EV / EBIT 10.8x 11.4x 10.5x 9.43x 11x 12.8x 12.5x 12x
EV / FCF 31.2x 27.7x 25x 23.6x 22.6x 29.8x 20.3x 18x
FCF Yield 3.21% 3.61% 4% 4.24% 4.43% 3.36% 4.92% 5.55%
Dividend per Share 2 - 0.077 0.077 0.08 0.0816 0.0826 0.086 0.0886
Rate of return - 4.23% 5.28% 7.3% 4.92% 3.77% 3.93% 4.05%
EPS 2 0.148 0.129 0.189 0.086 0.106 0.1309 0.1497 0.1537
Distribution rate - 59.7% 40.7% 93% 77% 63.1% 57.4% 57.7%
Net sales 1 21,370 20,845 20,669 20,835 20,370 19,769 19,499 19,485
EBITDA 1 7,415 7,577 7,928 8,100 8,209 8,193 8,224 8,282
EBIT 1 3,068 3,172 3,175 3,201 3,276 3,299 3,382 3,485
Net income 1 1,472 1,274 1,905 855 1,054 1,244 1,547 1,658
Net Debt 1 17,802 18,009 18,859 19,479 19,816 20,337 20,323 19,924
Reference price 2 1.548 1.822 1.458 1.096 1.658 2.190 2.190 2.190
Nbr of stocks (in thousands) 9,842,547 9,926,432 9,837,816 9,758,030 9,798,437 9,967,640 - -
Announcement Date 13/05/21 12/05/22 18/05/23 16/05/24 22/05/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.62x2.13x5.13x3.8% 29.4B
9.72x2.41x6.56x6.04% 195B
14.78x2.23x5.88x3.84% 168B
15.77x2.15x5.42x2.28% 79.4B
12.05x1.72x7.08x3.46% 79.32B
28.55x5.9x21.37x3.92% 62.36B
15.46x2.66x8.33x5.23% 57.54B
15.18x1.91x6x4.58% 53.79B
14.04x2.6x6.03x4.85% 45.22B
24.35x3.38x7.48x4.12% 43.23B
Average 16.65x 2.71x 7.93x 4.21% 81.32B
Weighted average by Cap. 15.06x 2.58x 7.55x 4.4%

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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