Financials J Sainsbury plc OTC Markets

Equities

JSAIY

US4662492085

Food Retail & Distribution

Market Closed - OTC Markets Other stock markets 20:46:51 25/06/2024 BST			5-day change	1st Jan Change
13.23 ^USD	-0.24%		-0.84%	-13.82%

06-20	Financial Shares Rise As Banks Mull Rate Moves -- Financials Roundup	DJ
06-20	UK Stocks Advance as BoE Maintains Rates Ahead of July Election	MT

Valuation

Fiscal Period: März	2020	2021	2022	2023	2025	2026	2027
Capitalization ¹	4,506	4,907	6,021	6,154	6,096	-	-
Enterprise Value (EV) ¹	11,453	11,376	12,780	12,498	11,393	11,448	11,480
P/E ratio	35.2 x	-17 x	9.03 x	30.2 x	12.4 x	11.3 x	10.7 x
Yield	1.62%	4.79%	5.04%	4.94%	5.25%	5.45%	5.72%
Capitalization / Revenue	0.16 x	0.17 x	0.2 x	0.2 x	0.18 x	0.18 x	0.17 x
EV / Revenue	0.4 x	0.39 x	0.43 x	0.4 x	0.34 x	0.34 x	0.33 x
EV / EBITDA	5.11 x	5.81 x	5.66 x	5.73 x	5.2 x	5.08 x	5.01 x
EV / FCF	15.9 x	6.53 x	40.6 x	8.64 x	24.4 x	20.7 x	22 x
FCF Yield	6.29%	15.3%	2.46%	11.6%	4.1%	4.84%	4.55%
Price to Book	0.65 x	0.78 x	0.7 x	0.85 x	0.85 x	0.83 x	0.82 x
Nbr of stocks (in thousands)	2,205,768	2,217,230	2,315,773	2,318,792	2,346,266	-	-
Reference price ²	2.043	2.213	2.600	2.654	2.598	2.598	2.598
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: März	2020	2021	2022	2023	2025	2026	2027
Net sales ¹	28,993	29,048	29,895	31,491	33,412	34,076	34,832
EBITDA ¹	2,242	1,958	2,259	2,180	2,192	2,256	2,291
EBIT ¹	986	709	1,039	972	1,040	1,086	1,122
Operating Margin	3.4%	2.44%	3.48%	3.09%	3.11%	3.19%	3.22%
Earnings before Tax (EBT) ¹	255	-261	854	327	721.6	779.7	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%	24.54%	22.8%
FCF Conversion (Net income)	473.68%	-	46.53%	699.03%	93.26%	104.35%	94.88%
Dividend per Share ²	0.0330	0.1060	0.1310	0.1310	0.1364	0.1416	0.1485
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: März	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: März	2020	2021	2022	2023	2025	2026	2027
Net Debt ¹	6,947	6,469	6,759	6,344	5,298	5,353	5,384
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.099 x	3.304 x	2.992 x	2.91 x	2.416 x	2.373 x	2.35 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%	7.38%	7.76%	7.99%
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	25,861	27,180	28,622
Book Value Per Share ²	3.150	2.850	3.710	3.140	3.060	3.130	3.180
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%	2.58%	2.39%	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

Ratings for J Sainsbury plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.598 GBP

Average target price

3.034 GBP

Spread / Average Target

+16.78%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Supermarkets & Convenience Stores

	1st Jan change	Capi.
AVENUE SUPERMARTS LIMITED	+17.16%	37.69B
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.	-12.13%	34.34B
SEVEN & I HOLDINGS CO., LTD.	+6.19%	31.52B
SM INVESTMENTS CORPORATION	-3.84%	17.44B
COLES GROUP LIMITED	+6.33%	15.19B
CASEY'S GENERAL STORES, INC.	+38.67%	14.1B
JERÓNIMO MARTINS, SGPS, S.A.	-16.88%	13.11B
ICA GRUPPEN	-.--%	11.82B
DINO POLSKA S.A.	-9.68%	10.14B

Supermarkets & Convenience Stores