Financials Reach plc

Equities

TNI

GB0009039941

Consumer Publishing

Real-time Estimate Cboe Europe 16:29:00 22/05/2024 BST 5-day change 1st Jan Change
79.2 GBX -1.00% Intraday chart for Reach plc -2.73% +4.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 403.5 443.1 877.9 296.5 235.5 251.8 - -
Enterprise Value (EV) 1 383.1 401.1 812.2 271.1 235.5 276.7 292.9 304.5
P/E ratio - -16.7 x 314 x 5.66 x 11 x - - -
Yield 4.8% 2.97% 2.55% 7.72% - 9.18% 9.18% 9.18%
Capitalization / Revenue 0.57 x 0.74 x 1.43 x 0.49 x 0.41 x 0.47 x 0.48 x 0.48 x
EV / Revenue 0.55 x 0.67 x 1.32 x 0.45 x 0.41 x 0.51 x 0.55 x 0.59 x
EV / EBITDA 2.19 x 2.49 x 4.91 x 2.15 x 1.99 x 2.53 x 2.73 x 2.89 x
EV / FCF 4.62 x 7.82 x 10.4 x 15.9 x - 33.3 x 42.4 x 26.7 x
FCF Yield 21.6% 12.8% 9.59% 6.27% - 3% 2.36% 3.74%
Price to Book - 0.8 x 1.39 x 0.47 x - - - -
Nbr of stocks (in thousands) 308,450 308,565 310,761 311,769 314,376 314,703 - -
Reference price 2 1.308 1.436 2.825 0.9510 0.7490 0.8000 0.8000 0.8000
Announcement Date 24/02/20 01/03/21 15/03/22 07/03/23 05/03/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 702.5 600.2 615.8 601.4 568.6 539.3 529 520.1
EBITDA 1 174.9 161.2 165.4 126.3 118.1 109.5 107.4 105.5
EBIT 1 153.4 133.8 146.1 106.1 96.5 98.37 97.37 97.02
Operating Margin 21.84% 22.29% 23.73% 17.64% 16.97% 18.24% 18.41% 18.65%
Earnings before Tax (EBT) - 0.4 73.3 66.2 36.7 - - -
Net income - -26.7 2.9 52.3 21.5 - - -
Net margin - -4.45% 0.47% 8.7% 3.78% - - -
EPS - -0.0860 0.009000 0.1680 0.0680 - - -
Free Cash Flow 1 82.9 51.3 77.9 17 - 8.3 6.9 11.4
FCF margin 11.8% 8.55% 12.65% 2.83% - 1.54% 1.3% 2.19%
FCF Conversion (EBITDA) 47.4% 31.82% 47.1% 13.46% - 7.58% 6.43% 10.8%
FCF Conversion (Net income) - - 2,686.21% 32.5% - - - -
Dividend per Share 2 0.0628 0.0426 0.0721 0.0734 - 0.0734 0.0734 0.0734
Announcement Date 24/02/20 01/03/21 15/03/22 07/03/23 05/03/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2023 S1
Net sales 290.8 309.4 -
EBITDA - - -
EBIT 1 54.9 78.9 36.1
Operating Margin 18.88% 25.5% -
Earnings before Tax (EBT) - - -
Net income - - -
Net margin - - -
EPS - - -
Dividend per Share - - -
Announcement Date 28/09/20 01/03/21 25/07/23
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 24.9 41.1 52.7
Net Cash position 1 20.4 42 65.7 25.4 - - - -
Leverage (Debt/EBITDA) - - - - - 0.2274 x 0.3827 x 0.4996 x
Free Cash Flow 1 82.9 51.3 77.9 17 - 8.3 6.9 11.4
ROE (net income / shareholders' equity) - - 19.3% 13.2% - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets - - - - - - - -
Book Value Per Share - 1.790 2.030 2.010 - - - -
Cash Flow per Share 2 0.2800 0.1700 0.2600 0.0600 - 0.0300 0.0200 0.0400
Capex 1 3.9 1.9 6.5 13.7 - 7 5 3
Capex / Sales 0.56% 0.32% 1.06% 2.28% - 1.3% 0.95% 0.58%
Announcement Date 24/02/20 01/03/21 15/03/22 07/03/23 05/03/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
0.8 GBP
Average target price
1.45 GBP
Spread / Average Target
+81.25%
Consensus

Annual profits - Rate of surprise