Financials Marks & Spencer Group plc

Equities

Real-time Estimate Cboe Europe Other stock markets 12:14:26 16/01/2025 GMT			5-day change	1st Jan Change
332.55 ^GBX	-1.38%		-3.59%	-11.34%

01-15	LondonMetric sells off 10 UK properties for GBP74 million	AN
01-14	Stocks rise as Reeves and MPs square off	AN

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	10,182	8,973	10,885	11,931	13,040	13,742	14,273	14,804
Change	-	-11.88%	21.31%	9.61%	9.29%	5.39%	3.86%	3.72%
EBITDA ¹	1,223	812.8	1,220	1,150	1,365	1,494	1,564	1,619
Change	-	-33.55%	50.06%	-5.73%	18.71%	9.44%	4.7%	3.5%
EBIT ¹	590.7	209.7	709	626.6	838.6	949.8	1,008	1,066
Change	-	-64.5%	238.1%	-11.62%	33.83%	13.26%	6.07%	5.8%
Interest Paid ¹	-187.6	-178.7	-180.5	-156.1	-157.9	-115.6	-112.9	-109.2
Earnings before Tax (EBT) ¹	67.2	-201.2	391.7	475.7	672.5	779.8	846.8	915.7
Change	-	-	-	21.44%	41.37%	15.95%	8.59%	8.14%
Net income ¹	23.7	-198	306.6	363.4	431.2	568.1	629.5	694.4
Change	-	-	-	18.53%	18.66%	31.75%	10.8%	10.31%
Announcement Date	20/05/20	26/05/21	25/05/22	24/05/23	22/05/24	-	-	-

¹GBP in Million

Estimates

Fiscal Period: March	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q3	2022 Q4	2023 Q2	2023 Q3	2023 Q4
Net sales ¹	2,660	2,660	2,045	2,045	2,532	2,532	2,890	2,890	2,769	3,601	2,767
Change	-	0%	-23.12%	0%	23.81%	0%	14.12%	0%	-4.18%	30.04%	-23.17%
EBITDA	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	20/02/20	20/05/20	04/08/20	04/11/20	26/02/21	26/05/21	25/02/22	25/05/22	09/11/22	05/02/23	24/05/23

¹GBP in Million

Estimates

Fiscal Period: March	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	4,091	4,882	5,105	5,780	5,564	6,368	6,164	6,876	6,524	7,248
Change	-	19.33%	4.58%	13.21%	-3.74%	14.45%	-3.19%	11.54%	-5.11%	11.09%
EBITDA	-	594.9	-	-	531.3	618.5	-	-	-	-
Change	-	-	-100%	-	-	16.41%	-100%	-	-	-
EBIT	-	147.9	363.2	345.8	280.7	345.9	410.4	-	462.7	-
Change	-	-	145.57%	-4.79%	-18.83%	23.23%	18.65%	-100%	-	-100%
Charge d'intérêts	-	-99.5	-	-85.8	-75.2	-80.9	-	-	-56.8	-
Earnings before Tax (EBT)	-	-	-	204.4	-	-	-	-	-	-
Change	-	-	-	-	-100%	-	-	-	-	-
Net income	-	-	159.9	-	-	-	-	-	-	-
Change	-	-	-	-100%	-	-	-	-	-	-
Announcement Date	04/11/20	26/05/21	10/11/21	25/05/22	09/11/22	24/05/23	08/11/23	22/05/24	06/11/24	-

¹GBP in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	4,025	3,516	2,699	2,637	2,166	1,945	1,541	1,166
Change	-	-12.65%	-23.24%	-2.3%	-17.86%	-10.19%	-20.77%	-24.33%
Announcement Date	20/05/20	26/05/21	25/05/22	24/05/23	22/05/24	-	-	-

¹GBP in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	328.6	206.7	257.4	410.3	429.3	498.2	519.4	522.9
Change	-	-37.1%	24.53%	59.4%	4.63%	16.05%	4.26%	0.68%
Free Cash Flow (FCF) ¹	644.5	664.2	699.2	63.6	391.5	386.8	454.4	489.6
Change	-	3.06%	5.27%	-90.9%	515.57%	-1.2%	17.49%	7.74%
Announcement Date	20/05/20	26/05/21	25/05/22	24/05/23	22/05/24	-	-	-

¹GBP in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	12.01%	9.06%	11.21%	9.64%	10.47%	10.87%	10.96%	10.93%
EBIT Margin (%)	5.8%	2.34%	6.51%	5.25%	6.43%	6.91%	7.06%	7.2%
EBT Margin (%)	0.66%	-2.24%	3.6%	3.99%	5.16%	5.67%	5.93%	6.19%
Net margin (%)	0.23%	-2.21%	2.82%	3.05%	3.31%	4.13%	4.41%	4.69%
FCF margin (%)	6.33%	7.4%	6.42%	0.53%	3%	2.81%	3.18%	3.31%
FCF / Net Income (%)	2,719.41%	-335.45%	228.05%	17.5%	90.79%	68.09%	72.19%	70.51%
Profitability
ROA	3.32%	0.3%	4.7%	3.84%	4.85%	6.12%	6.58%	7.08%
ROE	10.24%	0.94%	16.36%	12.44%	15.66%	18.47%	17.46%	16.76%
Financial Health
Leverage (Debt/EBITDA)	3.29x	4.33x	2.21x	2.29x	1.59x	1.3x	0.99x	0.72x
Debt / Free cash flow	6.25x	5.29x	3.86x	41.47x	5.53x	5.03x	3.39x	2.38x
Capital Intensity
CAPEX / Current Assets (%)	3.23%	2.3%	2.36%	3.44%	3.29%	3.63%	3.64%	3.53%
CAPEX / EBITDA (%)	26.86%	25.43%	21.1%	35.68%	31.45%	33.35%	33.21%	32.3%
CAPEX / FCF (%)	50.99%	31.12%	36.81%	645.13%	109.66%	128.8%	114.3%	106.8%
Items per share
Cash flow per share ¹	0.5107	0.4424	0.6785	0.5064	0.6271	0.4266	0.4757	0.5043
Change	-	-13.37%	53.36%	-25.37%	23.84%	-31.97%	11.51%	6.01%
Dividend per Share ¹	0.107	-	-	-	0.03	0.0487	0.0709	0.0841
Change	-	-	-	-	-	62.27%	45.62%	18.68%
Book Value Per Share ¹	1.954	1.05	1.488	1.431	1.435	1.624	1.918	2.185
Change	-	-46.27%	41.73%	-3.81%	0.24%	13.2%	18.08%	13.92%
EPS ¹	0.012	-0.101	0.151	0.179	0.208	0.2761	0.3079	0.3379
Change	-	-941.67%	-249.5%	18.54%	16.2%	32.74%	11.53%	9.73%
Nbr of stocks (in thousands)	1,948,347	1,954,867	1,958,376	1,964,608	2,030,497	2,019,672	2,019,672	2,019,672
Announcement Date	20/05/20	26/05/21	25/05/22	24/05/23	22/05/24	-	-	-