Financials DS Smith Plc

Equities

Market Closed - London S.E. Other stock markets 16:35:03 11/12/2024 GMT			5-day change	1st Jan Change
539.00 ^GBX	-1.46%		-6.59%	+75.40%

12-11	HSBC raises Reckitt; Goldman Sachs cuts Ashtead	AN
12-06	UBS cuts Serco, HSBC says 'buy' AO World	AN

Fiscal Period: April	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	6,043	5,976	7,241	8,221	6,822	6,989	7,206	7,436
Change	-	-1.11%	21.17%	13.53%	-17.02%	2.45%	3.1%	3.2%
EBITDA ¹	956	806	906	1,173	1,024	930	1,057	1,131
Change	-	-15.69%	12.41%	29.47%	-12.7%	-9.18%	13.67%	6.99%
EBIT ¹	660	502	616	861	701	568.1	722.5	778.4
Change	-	-23.94%	22.71%	39.77%	-18.58%	-18.97%	27.2%	7.73%
Interest Paid ¹	-95	-83	-70	-	-116	-139	-131.2	-124.2
Earnings before Tax (EBT) ¹	368	231	378	661	503	322.6	463.2	563.7
Change	-	-37.23%	63.64%	74.87%	-23.9%	-35.87%	43.6%	21.7%
Net income ¹	527	194	280	492	385	236.2	359.9	406.1
Change	-	-63.19%	44.33%	75.71%	-21.75%	-38.64%	52.36%	12.83%
Announcement Date	02/07/20	22/06/21	21/06/22	22/06/23	20/06/24	-	-	-

¹GBP in Million

Estimates

Fiscal Period: April	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	2,889	3,087	3,362	3,879	4,299	3,922	3,513	3,309	3,371	3,484
Change	-	6.85%	8.91%	15.38%	10.83%	-8.77%	-10.43%	-5.81%	1.87%	3.35%
EBITDA ¹	385	421	423	483	572	601	522	502	391	505.7
Change	-	9.35%	0.48%	14.18%	18.43%	5.07%	-13.14%	-3.83%	-22.11%	29.33%
EBIT ¹	230	272	276	340	418	443	365	336	221	359
Change	-	18.26%	1.47%	23.19%	22.94%	5.98%	-17.61%	-7.95%	-34.23%	62.44%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-
Announcement Date	10/12/20	22/06/21	09/12/21	21/06/22	08/12/22	22/06/23	07/12/23	20/06/24	05/12/24	-

¹GBP in Million

Estimates

Fiscal Period: April	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	2,101	1,795	1,484	-	2,266	2,304	2,133	1,972
Change	-	-14.56%	-17.33%	-	-	1.68%	-7.42%	-7.55%
Announcement Date	02/07/20	22/06/21	21/06/22	22/06/23	20/06/24	-	-	-

¹GBP in Million

Estimates

Fiscal Period: April	2020	2021	2022	2024	2025	2026	2027
CAPEX ¹	376	331	431	547	436.4	442.5	422.1
Change	-	-11.97%	30.21%	-	-20.23%	1.4%	-4.6%
Free Cash Flow (FCF) ¹	354	486	519	-186	187.3	327.2	409.5
Change	-	37.29%	6.79%	-	-200.71%	74.7%	25.13%
Announcement Date	02/07/20	22/06/21	21/06/22	20/06/24	-	-	-

¹GBP in Million

Estimates

Fiscal Period: April	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	15.82%	13.49%	12.51%	14.27%	15.01%	13.31%	14.67%	15.21%
EBIT Margin (%)	10.92%	8.4%	8.51%	10.47%	10.28%	8.13%	10.03%	10.47%
EBT Margin (%)	6.09%	3.87%	5.22%	8.04%	7.37%	4.62%	6.43%	7.58%
Net margin (%)	8.72%	3.25%	3.87%	5.98%	5.64%	3.38%	4.99%	5.46%
FCF margin (%)	5.86%	8.13%	7.17%	-	-2.73%	2.68%	4.54%	5.51%
FCF / Net Income (%)	67.17%	250.52%	185.36%	-	-48.31%	79.3%	90.92%	100.83%
Profitability
ROA	5.31%	3.83%	4.54%	-	4.12%	2.86%	3.54%	3.83%
ROE	14.08%	9.65%	10.87%	-	9.59%	8.35%	10.41%	11.02%
Financial Health
Leverage (Debt/EBITDA)	2.2x	2.23x	1.64x	-	2.21x	2.48x	2.02x	1.74x
Debt / Free cash flow	5.94x	3.69x	2.86x	-	-12.18x	12.3x	6.52x	4.82x
Capital Intensity
CAPEX / Current Assets (%)	6.22%	5.54%	5.95%	-	8.02%	6.24%	6.14%	5.68%
CAPEX / EBITDA (%)	39.33%	41.07%	47.57%	-	53.42%	46.92%	41.86%	37.32%
CAPEX / FCF (%)	106.21%	68.11%	83.04%	-	-294.09%	232.95%	135.22%	103.09%
Items per share
Cash flow per share ¹	0.4826	0.5527	0.6664	-	0.23	0.4727	0.5267	0.5652
Change	-	14.53%	20.58%	-	-	105.54%	11.41%	7.3%
Dividend per Share ¹	-	0.121	0.15	-	0.18	0.1823	0.1862	0.1981
Change	-	-	23.97%	-	-	1.27%	2.14%	6.39%
Book Value Per Share ¹	2.444	2.577	3.08	-	2.86	2.824	2.949	3.064
Change	-	5.46%	19.52%	-	-	-1.24%	4.41%	3.9%
EPS ¹	0.385	0.142	0.203	0.355	0.279	0.1813	0.2703	0.2914
Change	-	-63.12%	42.96%	74.88%	-21.41%	-35.02%	49.1%	7.81%
Nbr of stocks (in thousands)	1,371,316	1,371,775	1,372,931	1,376,455	1,378,260	1,379,508	1,379,508	1,379,508
Announcement Date	02/07/20	22/06/21	21/06/22	22/06/23	20/06/24	-	-	-