Cash flow Bunzl plc

Stocks

BNZL

GB00B0744B38

Diversified Industrial Goods Wholesale

Real-time Estimate Cboe Europe Other stock markets 12:37:01 12/06/2026 BST			5-day change	1st Jan Change
2,528.00 ^GBX	-1.17%		+2.67%	+22.16%

06-09	FTSE 100 down as Asia-focused financials struggle	AN
06-09	BNP Paribas Upgrades Bunzl to Outperform, Boosts PT	MT

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Published financial data: BUNZL PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	10.29B	12.04B	11.8B	11.78B	11.85B
Total Revenues	10.29B	12.04B	11.8B	11.78B	11.85B
Cost of Goods Sold, Total	7.76B	9.02B	8.61B	8.38B	8.43B
Gross Profit	2.52B	3.02B	3.19B	3.39B	3.42B
Selling General & Admin Expenses, Total	942M	1.09B	1.15B	1.22B	1.24B
Provision for Bad Debts	-4.7M	3.7M	2.6M	1M	2.5M
Depreciation & Amortization - (IS)	163M	181M	198M	224M	240M
Amortization of Goodwill and Intangible Assets - (IS)	115M	137M	145M	160M	164M
Other Operating Expenses	663M	856M	880M	963M	1.01B
Other Operating Expenses, Total	1.88B	2.27B	2.38B	2.57B	2.66B
Operating Income	645M	758M	810M	824M	759M
Interest Expense, Total	-62.8M	-77.8M	-140M	-171M	-177M
Interest And Investment Income	9.2M	19.7M	56.3M	68.4M	51.6M
Net Interest Expenses	-53.6M	-58.1M	-83.2M	-102M	-125M
Currency Exchange Gains (Loss)	-100K	0	-600K	-700K	-300K
Other Non Operating Income (Expenses)	-200K	-10.2M	-1.7M	-1.1M	2.4M
EBT, Excl. Unusual Items	591M	689M	725M	720M	635M
Restructuring Charges	-	-	-	-5.9M	-2.5M
Merger & Related Restructuring Charges	-23M	-55.9M	-19.5M	-31.7M	-23.5M
Gain (Loss) On Sale Of Assets	900K	1.3M	600K	-8M	13.4M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-7.2M	-400K	-2.3M
EBT, Incl. Unusual Items	569M	635M	699M	674M	620M
Income Tax Expense	126M	160M	172M	173M	161M
Earnings From Continuing Operations	443M	474M	526M	501M	460M
Net Income to Company	443M	474M	526M	501M	460M
Minority Interest	-	-	-	-600K	-600K
Net Income - (IS)	443M	474M	526M	500M	459M
Net Income to Common Incl Extra Items	443M	474M	526M	500M	459M
Net Income to Common Excl. Extra Items	443M	474M	526M	500M	459M
Per Share Items
Net EPS - Basic	1.33	1.42	1.57	1.5	1.41
Basic EPS - Continuing Operations	1.33	1.42	1.57	1.5	1.41
Basic Weighted Average Shares Outstanding	334M	335M	335M	334M	325M
Net EPS - Diluted	1.32	1.41	1.56	1.49	1.41
Diluted EPS - Continuing Operations	1.32	1.41	1.56	1.49	1.41
Diluted Weighted Average Shares Outstanding	336M	337M	337M	336M	326M
Normalized Basic EPS	1.11	1.29	1.35	1.34	1.22
Normalized Diluted EPS	1.1	1.28	1.34	1.33	1.22
Dividend Per Share	0.57	0.63	0.68	0.74	0.74
Payout Ratio	40.74	40.16	39.85	45.68	52.74
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	779M	916M	978M	1.01B	952M
EBITA	751M	886M	946M	972M	910M
EBIT	645M	758M	810M	824M	759M
EBITDAR	785M	921M	982M	1.01B	958M
Effective Tax Rate - (Ratio)	22.14	25.24	24.68	25.62	25.9
Total Current Taxes	139M	164M	192M	189M	179M
Total Deferred Taxes	-12.9M	-3.3M	-19.7M	-16.3M	-18.5M
Normalized Net Income	369M	431M	453M	449M	397M
Interest on Long-Term Debt	20.3M	22M	28.6M	38.5M	40.6M
Non-Cash Pension Expense	1.5M	100K	-2.2M	-5.6M	-1.2M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	1.4M	1.8M	1.8M
Net Rental Expense, Total	6.2M	5.2M	4.6M	5M	5.3M
Imputed Operating Lease Interest Expense	1.17M	1.11M	1.61M	1.96M	2.22M
Imputed Operating Lease Depreciation	5.03M	4.09M	2.99M	3.04M	3.08M
Stock-Based Comp., SG&A Exp. (Total)	12.7M	14.1M	15.4M	-	-
Stock-Based Comp., Other (Total)	-	-	-	17.2M	11.3M
Total Stock-Based Compensation	12.7M	14.1M	15.4M	17.2M	11.3M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	777M	1.5B	1.43B	1.43B	540M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	777M	1.5B	1.43B	1.43B	540M
Accounts Receivable, Total	1.17B	1.27B	1.29B	1.28B	1.35B
Other Receivables	179M	216M	216M	270M	299M
Total Receivables	1.35B	1.48B	1.5B	1.55B	1.65B
Inventory	1.47B	1.75B	1.62B	1.76B	1.68B
Prepaid Expenses	86.8M	87.9M	84.4M	92.4M	91.6M
Other Current Assets, Total	14.9M	19M	11.7M	43.7M	10.8M
Total Current Assets	3.7B	4.84B	4.65B	4.88B	3.98B
Gross Property Plant And Equipment	818M	947M	1.06B	1.19B	1.22B
Accumulated Depreciation	-249M	-280M	-280M	-279M	-309M
Net Property Plant And Equipment	569M	667M	776M	911M	913M
Goodwill	1.7B	1.93B	2.01B	2.29B	2.34B
Other Intangibles, Total	1.07B	1.16B	1.23B	1.4B	1.28B
Deferred Tax Assets Long-Term	2.8M	4M	14.2M	14.1M	21.9M
Other Long-Term Assets, Total	70.5M	60.5M	69.1M	35.8M	40.3M
Total Assets	7.11B	8.67B	8.75B	9.53B	8.57B
Liabilities
Accounts Payable, Total	1.22B	1.44B	1.29B	1.39B	1.38B
Accrued Expenses, Total	482M	553M	525M	538M	454M
Short-term Borrowings	552M	826M	874M	988M	213M
Current Portion of Long-Term Debt	112M	161M	130M	619M	204M
Current Portion of Leases	129M	146M	152M	180M	187M
Current Income Taxes Payable	42.1M	40.6M	47M	63.7M	77.6M
Unearned Revenue Current, Total	-	10.4M	7.1M	10.4M	6.2M
Other Current Liabilities	241M	288M	285M	343M	334M
Total Current Liabilities	2.77B	3.47B	3.31B	4.14B	2.85B
Long-Term Debt	1.46B	1.67B	1.5B	1.44B	1.8B
Long-Term Leases	360M	424M	512M	574M	556M
Pension & Other Post Retirement Benefits	32.4M	20.6M	19.6M	16M	16.8M
Deferred Tax Liability Non Current	151M	193M	190M	263M	259M
Other Non Current Liabilities	131M	169M	252M	305M	296M
Total Liabilities	4.91B	5.95B	5.78B	6.74B	5.78B
Common Stock, Total	108M	108M	109M	106M	104M
Additional Paid In Capital	194M	199M	205M	212M	216M
Retained Earnings	2.2B	2.53B	2.88B	2.83B	2.87B
Treasury Stock	-52.9M	-63.4M	-70.9M	-63.3M	-66.3M
Comprehensive Income and Other	-250M	-56.5M	-154M	-300M	-335M
Total Common Equity	2.2B	2.72B	2.97B	2.79B	2.79B
Minority Interest	-	-	-	3.3M	3.8M
Total Equity	2.2B	2.72B	2.97B	2.79B	2.79B
Total Liabilities And Equity	7.11B	8.67B	8.75B	9.53B	8.57B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	336M	335M	336M	329M	321M
ECS Total Common Shares Outstanding	336M	335M	336M	329M	321M
Book Value / Share	6.57	8.11	8.83	8.47	8.69
Tangible Book Value	-563M	-373M	-276M	-896M	-829M
Tangible Book Value Per Share	-1.68	-1.11	-0.82	-2.72	-2.58
Total Debt	2.61B	3.23B	3.16B	3.81B	2.96B
Net Debt	1.84B	1.73B	1.74B	2.37B	2.42B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-31.2M	-39.9M	-49.4M	-19.8M	-17.4M
Debt Equivalent Oper. Leases	49.6M	41.6M	36.8M	40M	42.4M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	3.3M	3.8M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	1.65B	1.93B	1.78B	1.9B	1.83B
Land - (BS)	91.5M	98.9M	104M	135M	139M
Machinery, Total	278M	319M	335M	358M	401M
Full Time Employees	21.02K	22.45K	24.53K	26.98K	26.78K
Accumulated Allowance for Doubtful Accounts (Supple)	27.4M	29.1M	34.5M	39.6M	43.1M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	443M	474M	526M	500M	459M
Depreciation & Amortization - CF	163M	181M	198M	224M	240M
Amortization of Goodwill and Intangible Assets - (CF)	106M	128M	136M	148M	152M
Depreciation & Amortization, Total	269M	309M	333M	372M	392M
Amortization of Deferred Charges, Total - (CF)	8.4M	8.8M	9.4M	11.9M	13M
(Gain) Loss From Sale Of Asset	-	-900K	-	20.3M	-11.9M
(Gain) Loss on Sale of Investments - (CF)	33.1M	79.2M	-21.8M	4.1M	-25.9M
Stock-Based Compensation (CF)	12.7M	14.1M	15.4M	17.2M	3.5M
Other Operating Activities, Total	-35.3M	12.4M	69.8M	81.9M	114M
Change In Accounts Receivable	-10.7M	-13M	-9.9M	700K	-72M
Change In Inventories	-32.9M	-119M	108M	-94.3M	48.4M
Change In Accounts Payable	45.7M	186M	-127M	-3.5M	-6.9M
Cash from Operations	733M	952M	904M	911M	913M
Capital Expenditure	-24.8M	-34.7M	-42.8M	-40.3M	-55.6M
Sale of Property, Plant, and Equipment	2.7M	1M	2.1M	17.2M	2.7M
Cash Acquisitions	-437M	-244M	-338M	-636M	-118M
Divestitures	-	49.9M	-	2.9M	17M
Sale (Purchase) of Intangible assets	-7.9M	-12M	-15.5M	-14.1M	-15.9M
Other Investing Activities, Total	8.7M	16.2M	54.4M	61.4M	50.9M
Cash from Investing	-458M	-223M	-340M	-609M	-119M
Long-Term Debt Issued, Total	14.5M	346M	-	562M	495M
Total Debt Issued	14.5M	346M	-	562M	495M
Long-Term Debt Repaid, Total	-274M	-285M	-319M	-311M	-751M
Total Debt Repaid	-274M	-285M	-319M	-311M	-751M
Issuance of Common Stock	53.7M	42.1M	52.7M	60.7M	6.3M
Repurchase of Common Stock	-34.2M	-74M	-76.4M	-323M	-251M
Common Dividends Paid	-180M	-190M	-210M	-229M	-242M
Common & Preferred Stock Dividends Paid	-180M	-190M	-210M	-229M	-242M
Other Financing Activities, Total	-38.8M	-170M	-115M	-141M	-159M
Cash from Financing	-459M	-331M	-667M	-381M	-902M
Foreign Exchange Rate Adjustments	-20.8M	55.4M	-23.8M	-27.6M	-9.2M
Net Change in Cash	-204M	453M	-126M	-107M	-118M
Supplemental Items
Cash Interest Paid	63.8M	83.9M	136M	165M	168M
Cash Income Tax Paid (Refund)	181M	174M	189M	180M	180M
Levered Free Cash Flow	566M	651M	658M	717M	623M
Unlevered Free Cash Flow	606M	699M	746M	824M	733M
Change In Net Working Capital	55.1M	59.5M	60.6M	37.6M	85.3M
Net Debt Issued / Repaid	-259M	61.5M	-319M	251M	-256M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.78	6	5.82	5.63	5.24
Return on Total Capital	8.53	8.79	8.38	8.09	7.68
Return On Equity %	21.48	19.27	18.5	17.4	16.47
Return on Common Equity	21.48	19.27	18.5	17.39	16.47
Margin Analysis
Gross Profit Margin %	24.53	25.12	27.02	28.81	28.85
SG&A Margin	9.16	9.05	9.77	10.37	10.51
EBITDA Margin %	7.58	7.6	8.29	8.58	8.04
EBITA Margin %	7.3	7.36	8.02	8.25	7.68
EBIT Margin %	6.27	6.29	6.87	7	6.4
Income From Continuing Operations Margin %	4.31	3.94	4.46	4.25	3.88
Net Income Margin %	4.31	3.94	4.46	4.25	3.88
Net Avail. For Common Margin %	4.31	3.94	4.46	4.25	3.88
Normalized Net Income Margin	3.59	3.58	3.84	3.81	3.35
Levered Free Cash Flow Margin	5.51	5.4	5.58	6.09	5.26
Unlevered Free Cash Flow Margin	5.89	5.81	6.32	7	6.19
Asset Turnover
Asset Turnover	1.48	1.53	1.35	1.29	1.31
Fixed Assets Turnover	17.96	19.48	16.36	13.96	12.99
Receivables Turnover (Average Receivables)	8.9	9.87	9.24	9.16	8.98
Inventory Turnover (Average Inventory)	5.34	5.59	5.11	4.96	4.89
Short Term Liquidity
Current Ratio	1.34	1.4	1.4	1.18	1.39
Quick Ratio	0.77	0.86	0.88	0.72	0.77
Operating Cash Flow to Current Liabilities	0.26	0.27	0.27	0.22	0.32
Days Sales Outstanding (Average Receivables)	41.01	36.98	39.5	39.96	40.66
Days Outstanding Inventory (Average Inventory)	68.33	65.24	71.43	73.82	74.57
Average Days Payable Outstanding	53.71	52.21	58.76	57.6	60.57
Cash Conversion Cycle (Average Days)	55.62	50.01	52.17	56.18	54.66
Long Term Solvency
Total Debt/Equity	118.6	118.76	106.68	136.37	105.93
Total Debt / Total Capital	54.25	54.29	51.62	57.69	51.44
LT Debt/Equity	82.64	77.13	67.7	72.32	84.32
Long-Term Debt / Total Capital	37.8	35.26	32.76	30.6	40.95
Total Liabilities / Total Assets	69.02	68.61	66.09	70.71	67.42
EBIT / Interest Expense	10.27	9.74	5.81	4.82	4.29
EBITDA / Interest Expense	14.55	13.71	8.2	7	6.5
(EBITDA - Capex) / Interest Expense	14.16	13.26	7.89	6.77	6.19
Total Debt / EBITDA	2.86	3.03	2.77	3.18	2.57
Net Debt / EBITDA	2.01	1.62	1.52	1.98	2.1
Total Debt / (EBITDA - Capex)	2.94	3.13	2.87	3.29	2.7
Net Debt / (EBITDA - Capex)	2.07	1.67	1.58	2.05	2.21
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.72	17.06	-2.01	-0.18	0.59
Gross Profit, 1 Yr. Growth %	-2.41	19.9	5.4	6.42	0.74
EBITDA, 1 Yr. Growth %	-3.22	17.49	6.77	3.27	-5.23
EBITA, 1 Yr. Growth %	-3.51	17.93	6.76	2.74	-5.91
EBIT, 1 Yr. Growth %	-4.93	17.5	6.96	1.63	-7.37
Earnings From Cont. Operations, 1 Yr. Growth %	2.98	7.14	10.92	-4.79	-8.22
Net Income, 1 Yr. Growth %	2.98	7.14	10.92	-4.9	-8.23
Normalized Net Income, 1 Yr. Growth %	-4.09	16.66	3.54	-0.89	-11.72
Diluted EPS Before Extra, 1 Yr. Growth %	2.73	6.75	10.87	-4.68	-5.25
Accounts Receivable, 1 Yr. Growth %	3.1	7.9	1.68	-0.22	5.47
Inventory, 1 Yr. Growth %	2.92	18.63	-7.29	8.62	-4.45
Net Property, Plant and Equip., 1 Yr. Growth %	-1.2	17.15	16.33	17.43	0.25
Total Assets, 1 Yr. Growth %	4.17	21.83	0.93	8.94	-10.04
Tangible Book Value, 1 Yr. Growth %	7.67	-33.74	-26.06	225.02	-7.51
Common Equity, 1 Yr. Growth %	14.84	23.46	9.02	-6.03	0.06
Cash From Operations, 1 Yr. Growth %	-7.23	29.8	-5	0.76	0.23
Capital Expenditures, 1 Yr. Growth %	1.64	39.92	23.34	-5.84	37.97
Levered Free Cash Flow, 1 Yr. Growth %	-3.51	14.89	1.21	8.91	-12.83
Unlevered Free Cash Flow, 1 Yr. Growth %	-3.98	15.47	6.64	10.49	-10.7
Dividend Per Share, 1 Yr. Growth %	5.36	10	8.93	8.2	0.27
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.01	9.12	7.1	-1.1	0.2
Gross Profit, 2 Yr. CAGR %	4.88	8.17	12.42	5.91	3.54
EBITDA, 2 Yr. CAGR %	7.68	6.64	12	5.03	-1.31
EBITA, 2 Yr. CAGR %	7.71	6.68	12.21	4.75	-1.93
EBIT, 2 Yr. CAGR %	9.24	5.69	12.1	4.28	-3.26
Earnings From Cont. Operations, 2 Yr. CAGR %	12.61	5.04	9.01	2.77	-6.52
Net Income, 2 Yr. CAGR %	12.61	5.04	9.01	2.7	-6.58
Normalized Net Income, 2 Yr. CAGR %	12.57	5.77	10.75	1.33	-6.46
Diluted EPS Before Extra, 2 Yr. CAGR %	12.31	4.72	8.79	2.8	-4.96
Accounts Receivable, 2 Yr. CAGR %	7.24	5.47	4.75	0.73	2.58
Inventory, 2 Yr. CAGR %	11.9	10.5	4.87	0.35	1.88
Net Property, Plant and Equip., 2 Yr. CAGR %	1.62	7.58	16.74	16.88	8.5
Total Assets, 2 Yr. CAGR %	9.62	12.65	10.89	4.86	-1.01
Tangible Book Value, 2 Yr. CAGR %	1.48	-15.53	-30	55.02	73.38
Common Equity, 2 Yr. CAGR %	12.4	19.07	16.01	1.21	-3.03
Cash From Operations, 2 Yr. CAGR %	4.66	9.74	11.05	-2.16	0.5
Capital Expenditures, 2 Yr. CAGR %	-4.34	19.25	31.37	7.77	13.98
Levered Free Cash Flow, 2 Yr. CAGR %	4.11	5.29	7.83	5.01	-2.77
Unlevered Free Cash Flow, 2 Yr. CAGR %	2.56	5.3	10.97	8.57	-0.85
Dividend Per Share, 2 Yr. CAGR %	5.41	7.66	9.46	8.56	4.16
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.24	8.88	5.28	4.62	-0.54
Gross Profit, 3 Yr. CAGR %	4.23	9.66	7.24	10.38	4.16
EBITDA, 3 Yr. CAGR %	7.01	10.86	6.68	9.03	1.33
EBITA, 3 Yr. CAGR %	7.11	11.02	6.7	8.97	0.9
EBIT, 3 Yr. CAGR %	8.83	11.93	6.11	8.51	0.05
Earnings From Cont. Operations, 3 Yr. CAGR %	10.69	10.75	6.96	4.2	-1.04
Net Income, 3 Yr. CAGR %	10.69	10.75	6.96	4.16	-1.08
Normalized Net Income, 3 Yr. CAGR %	9.78	13.92	5.57	6.75	-3.22
Diluted EPS Before Extra, 3 Yr. CAGR %	10.46	10.42	6.73	4.1	0.05
Accounts Receivable, 3 Yr. CAGR %	2.7	7.46	4.19	3.06	2.28
Inventory, 3 Yr. CAGR %	6.69	14.1	4.22	6.11	-1.27
Net Property, Plant and Equip., 3 Yr. CAGR %	66.91	6.55	10.42	16.97	11.05
Total Assets, 3 Yr. CAGR %	8.59	13.55	8.6	10.23	-0.37
Tangible Book Value, 3 Yr. CAGR %	-6.47	-11.96	-19.2	16.78	30.51
Common Equity, 3 Yr. CAGR %	9.16	15.97	15.62	8.14	0.83
Cash From Operations, 3 Yr. CAGR %	15.16	12.45	4.59	7.51	-1.37
Capital Expenditures, 3 Yr. CAGR %	4.23	8.59	20.6	17.57	17.02
Levered Free Cash Flow, 3 Yr. CAGR %	19.35	7.59	3.91	8.2	-1.45
Unlevered Free Cash Flow, 3 Yr. CAGR %	17.48	6.69	5.75	10.82	1.6
Dividend Per Share, 3 Yr. CAGR %	4.33	6.92	8.08	9.04	5.73
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.72	7.01	5.38	4.77	3.22
Gross Profit, 5 Yr. CAGR %	6.88	7.67	7.43	8.15	5.75
EBITDA, 5 Yr. CAGR %	7.4	8.41	8.98	8.49	3.42
EBITA, 5 Yr. CAGR %	7.48	8.56	9.12	8.47	3.17
EBIT, 5 Yr. CAGR %	7.82	9.06	10.13	8.81	2.27
Earnings From Cont. Operations, 5 Yr. CAGR %	10.74	8.85	10.02	7.49	1.35
Net Income, 5 Yr. CAGR %	10.74	8.85	10.02	7.46	1.32
Normalized Net Income, 5 Yr. CAGR %	8.27	9.07	10.17	9.04	0.59
Diluted EPS Before Extra, 5 Yr. CAGR %	10.58	8.52	9.79	7.31	1.89
Accounts Receivable, 5 Yr. CAGR %	4.58	4.22	3.51	4.72	3.55
Inventory, 5 Yr. CAGR %	8.93	10.43	5.96	8.39	3.28
Net Property, Plant and Equip., 5 Yr. CAGR %	35.79	39.73	44.67	10.57	9.65
Total Assets, 5 Yr. CAGR %	9.56	10.8	9.5	9.99	4.65
Tangible Book Value, 5 Yr. CAGR %	-2.38	-16.21	-16.71	10.4	9.66
Common Equity, 5 Yr. CAGR %	10.92	13.44	11.85	9.83	7.76
Cash From Operations, 5 Yr. CAGR %	12.52	14.88	13.5	6.36	2.93
Capital Expenditures, 5 Yr. CAGR %	6.5	5.7	14.34	8.26	17.91
Levered Free Cash Flow, 5 Yr. CAGR %	27.58	13.45	14.6	6.55	1.19
Unlevered Free Cash Flow, 5 Yr. CAGR %	24.88	13.01	14.83	7.44	3.06
Dividend Per Share, 5 Yr. CAGR %	6.3	6.39	6.35	7.57	6.49