Market Closed -
London S.E.
16:35:10 27/06/2024 BST
|
5-day change
|
1st Jan Change
|
2,242
GBX
|
+0.72%
|
|
-3.36%
|
-5.00%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
4,482
|
3,466
|
3,832
|
2,659
|
2,650
|
2,500
|
-
|
-
|
Enterprise Value (EV)
1 |
5,464
|
4,515
|
5,083
|
3,916
|
4,007
|
3,802
|
3,795
|
3,787
|
P/E ratio
|
15.8
x
|
-44.6
x
|
15.2
x
|
-9.48
x
|
-5.56
x
|
28.5
x
|
8.87
x
|
10.4
x
|
Yield
|
1.81%
|
2.4%
|
2.24%
|
3.32%
|
3.37%
|
3.66%
|
3.73%
|
3.92%
|
Capitalization / Revenue
|
23.4
x
|
17.1
x
|
19.7
x
|
12.8
x
|
12.5
x
|
11.9
x
|
11.1
x
|
10.1
x
|
EV / Revenue
|
28.5
x
|
22.3
x
|
26.2
x
|
18.9
x
|
18.8
x
|
18.1
x
|
16.9
x
|
15.3
x
|
EV / EBITDA
|
34.6
x
|
26.7
x
|
33.4
x
|
24.6
x
|
26.1
x
|
23.2
x
|
21.1
x
|
19.6
x
|
EV / FCF
|
56.4
x
|
53.1
x
|
41
x
|
35.8
x
|
-73.5
x
|
123
x
|
74.8
x
|
39.6
x
|
FCF Yield
|
1.77%
|
1.88%
|
2.44%
|
2.79%
|
-1.36%
|
0.81%
|
1.34%
|
2.53%
|
Price to Book
|
1.01
x
|
0.81
x
|
0.87
x
|
0.65
x
|
0.76
x
|
0.71
x
|
0.67
x
|
0.64
x
|
Nbr of stocks (in thousands)
|
111,773
|
111,961
|
112,209
|
112,291
|
112,291
|
112,291
|
-
|
-
|
Reference price
2 |
40.10
|
30.96
|
34.15
|
23.68
|
23.60
|
22.26
|
22.26
|
22.26
|
Announcement Date
|
25/02/20
|
11/03/21
|
24/02/22
|
28/02/23
|
28/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
191.7
|
202.9
|
194.2
|
207
|
212.8
|
210.1
|
225.1
|
247.2
|
EBITDA
1 |
157.9
|
169.1
|
152
|
159.2
|
153.5
|
164.1
|
179.8
|
192.8
|
EBIT
1 |
155.7
|
166.9
|
151.1
|
158.2
|
152.4
|
154.3
|
166
|
175.2
|
Operating Margin
|
81.22%
|
82.26%
|
77.81%
|
76.43%
|
71.62%
|
73.43%
|
73.72%
|
70.88%
|
Earnings before Tax (EBT)
1 |
280.6
|
-83
|
252.5
|
-279.5
|
-475.9
|
24.26
|
212.7
|
249.8
|
Net income
1 |
283.4
|
-77.6
|
252.3
|
-280.5
|
-476.4
|
153.3
|
278.1
|
289
|
Net margin
|
147.84%
|
-38.25%
|
129.92%
|
-135.51%
|
-223.87%
|
72.97%
|
123.53%
|
116.91%
|
EPS
2 |
2.531
|
-0.6934
|
2.244
|
-2.498
|
-4.242
|
0.7808
|
2.511
|
2.137
|
Free Cash Flow
1 |
96.9
|
85
|
124.1
|
109.4
|
-54.5
|
30.87
|
50.73
|
95.7
|
FCF margin
|
50.55%
|
41.89%
|
63.9%
|
52.85%
|
-25.61%
|
14.69%
|
22.53%
|
38.72%
|
FCF Conversion (EBITDA)
|
61.37%
|
50.27%
|
81.64%
|
68.72%
|
-
|
18.81%
|
28.21%
|
49.64%
|
FCF Conversion (Net income)
|
34.19%
|
-
|
49.19%
|
-
|
-
|
20.13%
|
18.24%
|
33.12%
|
Dividend per Share
2 |
0.7245
|
0.7445
|
0.7650
|
0.7850
|
0.7950
|
0.8154
|
0.8298
|
0.8729
|
Announcement Date
|
25/02/20
|
11/03/21
|
24/02/22
|
28/02/23
|
28/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
|
119.3
|
120.4
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBITDA
|
-
|
75.7
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
75.9
|
75.2
|
79.2
|
79
|
75.3
|
77.1
|
78.79
|
75.52
|
79.52
|
82.99
|
Operating Margin
|
-
|
63.04%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-14
|
121.1
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-9.5
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-7.96%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
-0.0849
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
0.2200
|
0.2300
|
-
|
0.2400
|
-
|
0.2450
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
11/08/20
|
10/08/21
|
24/02/22
|
11/08/22
|
28/02/23
|
10/08/23
|
28/02/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
982
|
1,049
|
1,252
|
1,257
|
1,357
|
1,302
|
1,295
|
1,287
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
6.217
x
|
6.204
x
|
8.234
x
|
7.897
x
|
8.839
x
|
7.936
x
|
7.203
x
|
6.677
x
|
Free Cash Flow
1 |
96.9
|
85
|
124
|
109
|
-54.5
|
30.9
|
50.7
|
95.7
|
ROE (net income / shareholders' equity)
|
2.67%
|
2.51%
|
2.8%
|
2.81%
|
2.69%
|
3.23%
|
4.74%
|
4.14%
|
ROA (Net income/ Total Assets)
|
2.1%
|
-1.39%
|
2.14%
|
2.1%
|
1.94%
|
2.08%
|
4.71%
|
4.63%
|
Assets
1 |
13,521
|
5,583
|
11,812
|
-13,379
|
-24,557
|
7,358
|
5,907
|
6,246
|
Book Value Per Share
2 |
39.60
|
38.10
|
39.50
|
36.20
|
31.20
|
31.20
|
33.10
|
35.00
|
Cash Flow per Share
2 |
0.8700
|
0.7600
|
1.120
|
0.9900
|
0.8600
|
0.9700
|
1.090
|
1.170
|
Capex
1 |
201
|
175
|
174
|
123
|
152
|
203
|
143
|
169
|
Capex / Sales
|
104.59%
|
86.05%
|
89.44%
|
59.28%
|
71.19%
|
96.5%
|
63.36%
|
68.57%
|
Announcement Date
|
25/02/20
|
11/03/21
|
24/02/22
|
28/02/23
|
28/02/24
|
-
|
-
|
-
|
Last Close Price
22.26
GBP Average target price
24.07
GBP Spread / Average Target +8.14% Consensus |
1st Jan change
|
Capi.
|
---|
| -5.00% | 3.16B | | -8.83% | 45.87B | | -8.63% | 20.23B | | +0.77% | 15.22B | | +9.89% | 10.82B | | -5.34% | 9.76B | | -16.17% | 8.28B | | -3.11% | 8.23B | | +1.86% | 7.7B | | -7.97% | 5.3B |
Other Commercial REITs
|