Company Valuation: Marks & Spencer Group plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,992 3,238 3,137 5,383 7,172 7,701 - -
Change - 8.22% -3.1% 71.57% 33.24% 7.38% - -
Enterprise Value (EV) 1 6,508 5,937 5,775 7,549 8,962 10,043 9,816 9,569
Change - -8.77% -2.73% 30.72% 18.72% 12.07% -2.27% -2.52%
P/E ratio -15.2x 11x 8.92x 12.7x 25.3x 21.4x 11.8x 11x
PBR 1.46x 1.11x 1.12x 1.85x 2.47x 2.5x 2.17x 1.92x
PEG - -0x 0.5x 0.8x -0.8x 0.8x 0.1x 1.42x
Capitalization / Revenue 0.33x 0.3x 0.26x 0.41x 0.52x 0.44x 0.42x 0.4x
EV / Revenue 0.73x 0.55x 0.48x 0.58x 0.65x 0.57x 0.53x 0.49x
EV / EBITDA 8.01x 4.87x 5.02x 5.53x 5.87x 7.19x 5.57x 5.26x
EV / EBIT 31x 8.37x 9.22x 9x 9.1x 12.9x 8.97x 8.21x
EV / FCF 9.8x 8.49x 90.8x 19.3x 25.7x 433x 20.4x 20.5x
FCF Yield 10.2% 11.8% 1.1% 5.19% 3.9% 0.23% 4.9% 4.88%
Dividend per Share 2 - - - 0.03 0.036 0.0449 0.0724 0.0846
Rate of return - - - 1.13% 1.02% 1.18% 1.9% 2.22%
EPS 2 -0.101 0.151 0.179 0.208 0.14 0.1786 0.3233 0.3484
Distribution rate - - - 14.4% 25.7% 25.1% 22.4% 24.3%
Net sales 1 8,973 10,885 11,931 13,040 13,817 17,469 18,499 19,489
EBITDA 1 812.8 1,220 1,150 1,365 1,527 1,397 1,761 1,820
EBIT 1 209.7 709 626.6 838.6 984.5 778.4 1,094 1,166
Net income 1 -198 306.6 363.4 431.2 295.7 405.1 676 736.6
Net Debt 1 3,516 2,699 2,637 2,166 1,790 2,342 2,114 1,867
Reference price 2 1.530 1.654 1.597 2.651 3.546 3.819 3.819 3.819
Nbr of stocks (in thousands) 1,954,867 1,958,252 1,964,608 2,030,497 2,022,535 2,016,627 - -
Announcement Date 26/05/21 25/05/22 24/05/23 22/05/24 21/05/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.38x0.57x7.19x1.18% 10.53B
43.96x1.49x23.56x0.74% 1,010B
37.37x1.3x11.35x0.84% 56.94B
42.8x0.39x7.12x2.02% 43.05B
20.38x0.64x12.21x2.47% 41.96B
91.33x0.98x16.08x0.61% 39.83B
17.13x0.56x8.28x3.13% 39.82B
14.5x0.5x6.42x3.45% 36.74B
29.78x0.8x6.61x1.15% 28.22B
25.58x0.76x9.07x2.96% 27.35B
Average 34.42x 0.80x 10.79x 1.85% 133.43B
Weighted average by Cap. 41.85x 1.31x 20.22x 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

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