Financials Rathbones Group Plc

Equities

RAT

GB0002148343

Investment Management & Fund Operators

Market Closed - London S.E. 16:35:26 24/04/2024 BST 5-day change 1st Jan Change
1,622 GBX +1.25% Intraday chart for Rathbones Group Plc +3.18% -6.89%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,163 848.7 1,155 1,198 1,506 1,683 - -
Enterprise Value (EV) 1 -795 -877.2 -210.9 -123.2 1,506 1,683 1,683 1,683
P/E ratio 43.7 x 32.4 x 15.3 x 24.9 x 34.3 x 20.2 x 17.8 x 11.4 x
Yield 3.29% 4.68% 4.08% 4.13% - 5.65% 5.91% 6.25%
Capitalization / Revenue 3.34 x 2.32 x 2.65 x 2.63 x 2.64 x 1.91 x 1.83 x 1.75 x
EV / Revenue 3.34 x 2.32 x 2.65 x 2.63 x 2.64 x 1.91 x 1.83 x 1.75 x
EV / EBITDA 10.9 x - - 9.08 x 8.64 x 7.64 x 6.45 x 5.8 x
EV / FCF 2,414,441 x 45,333,542 x -5,092,714 x 4,282,686 x - - - -
FCF Yield 0% 0% -0% 0% - - - -
Price to Book 2.35 x 1.61 x 1.79 x 1.88 x - - - -
Nbr of stocks (in thousands) 54,600 55,110 58,231 58,885 86,442 103,752 - -
Reference price 2 21.30 15.40 19.84 20.35 17.42 16.02 16.02 16.02
Announcement Date 20/02/20 04/03/21 24/02/22 01/03/23 06/03/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 348.1 366.1 435.9 455.9 571.1 881.3 919 961.8
EBITDA 1 106.5 - - 132 174.2 220.3 260.9 290.1
EBIT 1 88.67 92.53 120.7 97.06 127.1 218.9 253.6 288.1
Operating Margin 25.48% 25.28% 27.69% 21.29% 22.26% 24.84% 27.6% 29.95%
Earnings before Tax (EBT) 1 39.65 43.78 95.04 64.05 57.6 110.1 151.4 206.9
Net income 1 26.92 26.65 75.23 48.98 37.5 69.18 94.02 139.7
Net margin 7.73% 7.28% 17.26% 10.75% 6.57% 7.85% 10.23% 14.53%
EPS 2 0.4870 0.4760 1.293 0.8160 0.5080 0.7930 0.9010 1.403
Free Cash Flow 481.7 18.72 -226.9 279.8 - - - -
FCF margin 138.38% 5.11% -52.04% 61.38% - - - -
FCF Conversion (EBITDA) 452.24% - - 211.97% - - - -
FCF Conversion (Net income) 1,789.08% 70.24% - 571.21% - - - -
Dividend per Share 2 0.7000 0.7200 0.8100 0.8400 - 0.9043 0.9466 1.002
Announcement Date 20/02/20 04/03/21 24/02/22 01/03/23 06/03/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 213.5 - 333.1 443.3 449.1
EBITDA - - - - -
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) 48.8 - - - -
Net income 37.96 - - - -
Net margin 17.78% - - - -
EPS 0.6700 - - - -
Dividend per Share 0.2700 0.2900 - - -
Announcement Date 28/07/21 26/07/23 06/03/24 - -
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 1,958 1,726 1,366 1,322 - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 482 18.7 -227 280 - - - -
ROE (net income / shareholders' equity) 15% 14.3% 17.1% 12.2% - 11.9% 13.5% 13.9%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 9.060 9.560 11.10 10.80 - - - -
Cash Flow per Share - - - - - - - -
Capex 1 17.9 13.3 12.6 13.1 - 11.3 11.7 12.2
Capex / Sales 5.16% 3.63% 2.9% 2.88% - 1.28% 1.27% 1.27%
Announcement Date 20/02/20 04/03/21 24/02/22 01/03/23 06/03/24 - - -
1GBP in Million
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
16.22 GBP
Average target price
20.17 GBP
Spread / Average Target
+24.32%
Consensus

Quarterly revenue - Rate of surprise

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