Financials J Sainsbury LIQUIDNET SYSTEMS

Equities

SBRY

GB00B019KW72

Food Retail & Distribution

Delayed LIQUIDNET SYSTEMS 5-day change 1st Jan Change
- GBX -.--% Intraday chart for J Sainsbury -.--% -.--%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2025 2026 2027
Capitalization 1 4,506 4,907 6,021 6,154 5,964 - -
Enterprise Value (EV) 1 11,453 11,376 12,780 12,498 11,291 11,354 11,348
P/E ratio 35.2 x -17 x 9.03 x 30.2 x 12.2 x 11.1 x 10.5 x
Yield 1.62% 4.79% 5.04% 4.94% 5.33% 5.52% 5.84%
Capitalization / Revenue 0.16 x 0.17 x 0.2 x 0.2 x 0.18 x 0.17 x 0.17 x
EV / Revenue 0.4 x 0.39 x 0.43 x 0.4 x 0.34 x 0.33 x 0.33 x
EV / EBITDA 5.11 x 5.81 x 5.66 x 5.73 x 5.15 x 5.03 x 4.93 x
EV / FCF 15.9 x 6.53 x 40.6 x 8.64 x 24.2 x 20.5 x 21.7 x
FCF Yield 6.29% 15.3% 2.46% 11.6% 4.14% 4.88% 4.6%
Price to Book 0.65 x 0.78 x 0.7 x 0.85 x 0.85 x 0.83 x 0.8 x
Nbr of stocks (in thousands) 2,205,768 2,217,230 2,315,773 2,318,792 2,338,630 - -
Reference price 2 2.043 2.213 2.600 2.654 2.550 2.550 2.550
Announcement Date 30/04/20 28/04/21 28/04/22 27/04/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2025 2026 2027
Net sales 1 28,993 29,048 29,895 31,491 33,417 34,103 34,810
EBITDA 1 2,242 1,958 2,259 2,180 2,193 2,258 2,301
EBIT 1 986 709 1,039 972 1,040 1,089 1,124
Operating Margin 3.4% 2.44% 3.48% 3.09% 3.11% 3.19% 3.23%
Earnings before Tax (EBT) 1 255 -261 854 327 721.6 779.6 860
Net income 1 152 -280 677 207 500.9 530.4 550.5
Net margin 0.52% -0.96% 2.26% 0.66% 1.5% 1.56% 1.58%
EPS 2 0.0580 -0.1300 0.2880 0.0880 0.2094 0.2289 0.2435
Free Cash Flow 1 720 1,741 315 1,447 467.2 553.5 522.3
FCF margin 2.48% 5.99% 1.05% 4.59% 1.4% 1.62% 1.5%
FCF Conversion (EBITDA) 32.11% 88.92% 13.94% 66.38% 21.31% 24.51% 22.7%
FCF Conversion (Net income) 473.68% - 46.53% 699.03% 93.27% 104.36% 94.88%
Dividend per Share 2 0.0330 0.1060 0.1310 0.1310 0.1359 0.1407 0.1489
Announcement Date 30/04/20 28/04/21 28/04/22 27/04/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2024 S1 2025 S1 2025 S2
Net sales 1 13,896 14,934 14,114 15,724 14,171 16,408 16,983 17,540 16,103
EBITDA 1,118 - - - - - - - -
EBIT 1 529 500 209 542 497 496 498 529 514
Operating Margin 3.81% 3.35% 1.48% 3.45% 3.51% 3.02% 2.93% 3.02% 3.19%
Earnings before Tax (EBT) - - - - - - - - -
Net income - - - - - - - - -
Net margin - - - - - - - - -
EPS - - - - - - - - -
Dividend per Share - - - - - 0.0390 0.0390 - -
Announcement Date 30/04/20 05/11/20 28/04/21 04/11/21 28/04/22 03/11/22 02/11/23 - -
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2025 2026 2027
Net Debt 1 6,947 6,469 6,759 6,344 5,328 5,390 5,384
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 3.099 x 3.304 x 2.992 x 2.91 x 2.43 x 2.387 x 2.34 x
Free Cash Flow 1 720 1,741 315 1,447 467 554 522
ROE (net income / shareholders' equity) 5.39% 3.59% 7.74% 6.8% 7.42% 7.83% 8.05%
ROA (Net income/ Total Assets) 1.7% 0.97% 2.21% 2.01% 1.94% 1.95% 1.92%
Assets 1 8,953 -28,813 30,661 10,305 25,860 27,179 28,622
Book Value Per Share 2 3.150 2.850 3.710 3.140 3.000 3.080 3.210
Cash Flow per Share 2 0.5500 1.010 0.4300 0.9300 0.7000 0.7000 0.7000
Capex 1 652 595 694 738 860 813 821
Capex / Sales 2.25% 2.05% 2.32% 2.34% 2.57% 2.38% 2.36%
Announcement Date 30/04/20 28/04/21 28/04/22 27/04/23 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
2.55 GBP
Average target price
3.027 GBP
Spread / Average Target
+18.70%
Consensus

Quarterly revenue - Rate of surprise