Financials DFS Furniture plc

Equities

Market Closed - London S.E. Other stock markets 16:35:23 27/06/2024 BST			5-day change	1st Jan Change
110 ^GBX	-0.90%		-5.17%	-9.69%

06-26	HSBC cuts L&G; Jefferies upgrades Future	AN
06-13	Jefferies raises Great Portland to 'hold'	AN

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	538.9	420.9	735.1	398.8	251.3	253.5	-	-
Enterprise Value (EV) ¹	715.2	1,094	1,206	932.7	801.8	872.4	839.2	800.4
P/E ratio	-	-5.25 x	8.25 x	13 x	9.93 x	42.4 x	14.9 x	7.23 x
Yield	4.41%	-	2.64%	4.65%	4.12%	1.35%	2.3%	5.5%
Capitalization / Revenue	0.54 x	0.58 x	0.69 x	0.35 x	0.23 x	0.25 x	0.24 x	0.24 x
EV / Revenue	0.72 x	1.51 x	1.13 x	0.81 x	0.74 x	0.87 x	0.81 x	0.74 x
EV / EBITDA	7.93 x	17.7 x	5.42 x	5.3 x	5.09 x	6.34 x	5.56 x	4.56 x
EV / FCF	-	33.9 x	4.83 x	10.9 x	-115 x	-41.2 x	36.2 x	18.4 x
FCF Yield	-	2.95%	20.7%	9.17%	-0.87%	-2.42%	2.76%	5.42%
Price to Book	-	1.8 x	2.57 x	1.51 x	1.08 x	1.05 x	0.99 x	0.89 x
Nbr of stocks (in thousands)	212,174	255,370	258,386	250,834	230,103	230,458	-	-
Reference price ²	2.540	1.648	2.845	1.590	1.092	1.100	1.100	1.100
Announcement Date	26/09/19	24/09/20	23/09/21	15/09/22	10/10/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	996.2	724.5	1,068	1,150	1,089	997.3	1,036	1,077
EBITDA ¹	90.2	61.9	222.6	175.9	157.4	137.6	150.9	175.5
EBIT ¹	60.9	-25.6	137.3	87.7	63.3	46.85	57.52	79.26
Operating Margin	6.11%	-3.53%	12.86%	7.63%	5.81%	4.7%	5.55%	7.36%
Earnings before Tax (EBT) ¹	43.6	-74.9	99.2	58.5	29.7	7.7	23.85	41.2
Net income ¹	-	-63	88.7	31.4	26.2	7.612	17.68	36.41
Net margin	-	-8.7%	8.31%	2.73%	2.41%	0.76%	1.71%	3.38%
EPS ²	-	-0.3140	0.3450	0.1220	0.1100	0.0259	0.0736	0.1520
Free Cash Flow ¹	-	32.3	249.8	85.5	-7	-21.15	23.2	43.4
FCF margin	-	4.46%	23.4%	7.44%	-0.64%	-2.12%	2.24%	4.03%
FCF Conversion (EBITDA)	-	52.18%	112.22%	48.61%	-	-	15.37%	24.72%
FCF Conversion (Net income)	-	-	281.62%	272.29%	-	-	131.23%	119.2%
Dividend per Share ²	0.1120	-	0.0750	0.0740	0.0450	0.0149	0.0253	0.0605
Announcement Date	26/09/19	24/09/20	23/09/21	15/09/22	10/10/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	176	674	471	534	551	619	586	547
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.955 x	10.88 x	2.117 x	3.035 x	3.497 x	4.498 x	3.88 x	3.116 x
Free Cash Flow ¹	-	32.3	250	85.5	-7	-21.2	23.2	43.4
ROE (net income / shareholders' equity)	-	-23.6%	-	16.1%	8.93%	2.85%	6.5%	16.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	0.9200	1.110	1.050	1.010	1.050	1.110	1.240
Cash Flow per Share ²	-	-	-	-	-	0.0300	0.2000	0.2700
Capex ¹	26.3	23.4	49.2	47.4	34.9	25	28.3	32.5
Capex / Sales	2.64%	3.23%	4.61%	4.12%	3.21%	2.51%	2.73%	3.02%
Announcement Date	26/09/19	24/09/20	23/09/21	15/09/22	10/10/23	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.1 GBP

Average target price

1.412 GBP

Spread / Average Target

+28.41%

	1st Jan change	Capi.
DFS FURNITURE PLC	-9.69%	321M
TEMPUR SEALY INTERNATIONAL, INC.	-9.79%	7.98B
JASON FURNITURE (HANGZHOU) CO.,LTD.	-6.80%	3.65B
SUOFEIYA HOME COLLECTION CO., LTD.	-2.57%	2.03B
LA-Z-BOY INCORPORATED	-1.54%	1.52B
SHEELA FOAM LIMITED	-25.77%	1.21B
MOTOMOTION CHINA CORPORATION	+21.35%	1.06B
XILINMEN FURNITURE CO.,LTD	+3.00%	914M
HENGLIN HOME FURNISHINGS CO.,LTD	-4.53%	800M
HANSSEM CO., LTD.	+11.59%	710M