Company Valuation: Halma plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 9,007 9,507 8,420 8,931 9,748 14,742 - -
Change - 5.56% -11.44% 6.08% 9.14% 51.23% - -
Enterprise Value (EV) 1 9,263 9,782 9,016 9,585 10,284 15,438 15,127 14,654
Change - 5.61% -7.83% 6.3% 7.29% 50.12% -2.01% -3.13%
P/E ratio 44.3x 38.9x 35.9x 33.4x 33x 38.9x 34.7x 31.3x
PBR 7.71x 6.77x 5.27x 5.15x 5.13x 6.8x 6.07x 5.27x
PEG - 1.9x -9.27x 2.3x 3.3x 1.4x 2.9x 2.9x
Capitalization / Revenue 6.83x 6.23x 4.54x 4.39x 4.34x 5.74x 5.22x 4.86x
EV / Revenue 7.03x 6.41x 4.87x 4.71x 4.57x 6.01x 5.36x 4.83x
EV / EBITDA 27.3x 26.2x 20.9x 19.8x 18.6x 24x 21.5x 19.4x
EV / EBIT 32.1x 30.1x 23.8x 22.6x 21.1x 26.8x 23.5x 21x
EV / FCF 39.2x 46.4x 42.4x 28.6x 23.7x 42.9x 35.6x 30.3x
FCF Yield 2.55% 2.15% 2.36% 3.5% 4.22% 2.33% 2.81% 3.3%
Dividend per Share 2 0.1765 0.1888 0.202 0.2161 0.2312 0.2578 0.2816 0.301
Rate of return 0.74% 0.75% 0.91% 0.91% 0.9% 0.66% 0.72% 0.77%
EPS 2 0.5361 0.6454 0.6204 0.7096 0.7814 1.005 1.126 1.249
Distribution rate 32.9% 29.3% 32.6% 30.5% 29.6% 25.7% 25% 24.1%
Net sales 1 1,318 1,525 1,853 2,034 2,248 2,569 2,823 3,035
EBITDA 1 339.1 373.8 431.7 483.1 552.8 644.3 702.2 753.9
EBIT 1 288.3 324.7 378.2 424.3 486.6 576.8 642.4 696.8
Net income 1 203.4 244.4 288.4 268.8 296.4 380.3 424.7 468.8
Net Debt 1 256.2 274.8 596.7 653.2 535.8 695.5 385.3 -88.4
Reference price 2 23.74 25.10 22.29 23.68 25.81 39.04 39.04 39.04
Nbr of stocks (in thousands) 379,383 378,775 377,732 377,174 377,683 377,614 - -
Announcement Date 10/06/21 16/06/22 15/06/23 13/06/24 12/06/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
38.86x6.01x23.96x0.66% 19.94B
33.22x11.15x21.34x0.88% 91.87B
35.94x5.27x21.68x-.--% 30.49B
35.97x5x15.06x1.39% 28.62B
22.46x1.72x8.79x1.39% 28.17B
24.27x0.92x11.25x-.--% 23.69B
33.22x1.58x12.98x1.94% 22.76B
44.36x5.55x29.96x1.54% 22.6B
-110.59x3.47x14.77x2.95% 20.82B
43.15x2.25x20.37x0.19% 16.2B
Average 20.09x 4.29x 18.02x 1.09% 30.51B
Weighted average by Cap. 23.97x 5.86x 18.53x 1.04%

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