SCHRODERS PLC |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 349.1 GBX | -1.05% |
|
-6.48% | -18.73% |
| 04-30 | RBC Trims Schroders PT, Keeps Sector Perform Rating | MT |
| 04-30 | Deutsche says buy Barr, Britvic and Fevertree | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,747 | 8,622 | 9,127 | 6,895 | 6,770 | 5,561 | - | - |
| Enterprise Value (EV) 1 | 6,512 | 5,549 | 5,294 | 2,816 | 3,439 | 1,823 | 1,638 | 1,365 |
| P/E ratio | 19 x | 19.7 x | 16.4 x | 14.6 x | 17.8 x | 11.6 x | 10.7 x | 10 x |
| Yield | 3.42% | 3.42% | 3.43% | 4.93% | 5% | 6.12% | 6.35% | 6.48% |
| Capitalization / Revenue | 4.12 x | 3.96 x | 3.55 x | 2.79 x | 2.8 x | 2.24 x | 2.1 x | 1.99 x |
| EV / Revenue | 3.06 x | 2.55 x | 2.06 x | 1.14 x | 1.42 x | 0.73 x | 0.62 x | 0.49 x |
| EV / EBITDA | 8.04 x | 6.37 x | 5.3 x | 3.09 x | 3.94 x | 2.14 x | 1.75 x | 1.4 x |
| EV / FCF | 7.58 x | 7.5 x | 4.62 x | 3.24 x | - | 3.78 x | 3.2 x | 2.48 x |
| FCF Yield | 13.2% | 13.3% | 21.6% | 30.8% | - | 26.4% | 31.3% | 40.4% |
| Price to Book | 2.44 x | 2.3 x | 2.23 x | 1.58 x | 1.54 x | 1.25 x | 1.2 x | 1.15 x |
| Nbr of stocks (in thousands) | 1,574,526 | 1,574,684 | 1,575,407 | 1,581,483 | 1,574,872 | 1,576,272 | - | - |
| Reference price 2 | 5.668 | 5.673 | 6.052 | 4.360 | 4.299 | 3.528 | 3.528 | 3.528 |
| Announcement Date | 05/03/20 | 04/03/21 | 03/03/22 | 02/03/23 | 29/02/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,125 | 2,179 | 2,569 | 2,476 | 2,419 | 2,487 | 2,644 | 2,798 |
| EBITDA 1 | 809.9 | 871.1 | 999 | 911.9 | 873.2 | 851.2 | 938.3 | 977 |
| EBIT 1 | 701.2 | 702.3 | 836.2 | 723 | 661 | 670.7 | 740.7 | 794.5 |
| Operating Margin | 33% | 32.23% | 32.55% | 29.21% | 27.33% | 26.97% | 28.01% | 28.4% |
| Earnings before Tax (EBT) 1 | 624.6 | 610.5 | 764.1 | 586.9 | 487.6 | 613.6 | 672 | 707 |
| Net income 1 | 495.7 | 486 | 623.8 | 486.2 | 402.6 | 479.4 | 527 | 563.8 |
| Net margin | 23.33% | 22.3% | 24.28% | 19.64% | 16.64% | 19.28% | 19.93% | 20.15% |
| EPS 2 | 0.2989 | 0.2878 | 0.3691 | 0.2990 | 0.2420 | 0.3029 | 0.3300 | 0.3528 |
| Free Cash Flow 1 | 859.1 | 739.7 | 1,145 | 868.5 | - | 482.1 | 512.5 | 551.7 |
| FCF margin | 40.43% | 33.94% | 44.57% | 35.08% | - | 19.39% | 19.38% | 19.72% |
| FCF Conversion (EBITDA) | 106.07% | 84.92% | 114.59% | 95.24% | - | 56.64% | 54.62% | 56.47% |
| FCF Conversion (Net income) | 173.31% | 152.2% | 183.52% | 178.63% | - | 100.57% | 97.25% | 97.86% |
| Dividend per Share 2 | 0.1938 | 0.1938 | 0.2074 | 0.2150 | 0.2150 | 0.2158 | 0.2241 | 0.2285 |
| Announcement Date | 05/03/20 | 04/03/21 | 03/03/22 | 02/03/23 | 29/02/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,092 | 1,004 | 1,175 | 1,244 | 1,207 | 1,269 | 1,170 | 1,249 | 1,235 | 1,271 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 306.2 | 396.1 | 407.5 | 350.2 | 372.8 | 341.4 | 319.6 | 349.1 | 351.8 |
| Operating Margin | - | 30.5% | 33.7% | 32.74% | 29.02% | 29.38% | 29.18% | 25.58% | 28.27% | 27.69% |
| Earnings before Tax (EBT) 1 | - | 280.1 | - | - | 312.8 | 274.1 | 275.6 | - | 297 | 315 |
| Net income 1 | - | 222.7 | - | - | 258.4 | - | - | - | 239 | 254 |
| Net margin | - | 22.18% | - | - | 21.41% | - | - | - | 19.35% | 19.99% |
| EPS 2 | - | - | - | 0.1802 | - | - | - | - | 0.1500 | 0.1590 |
| Dividend per Share 2 | 0.1343 | 0.0595 | 0.1343 | 0.0629 | 0.0629 | 0.1500 | 0.0650 | 0.1500 | 0.0650 | 0.1500 |
| Announcement Date | 05/03/20 | 30/07/20 | 04/03/21 | 29/07/21 | 28/07/22 | 02/03/23 | 27/07/23 | 29/02/24 | - | - |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 2,235 | 3,072 | 3,834 | 4,079 | 3,331 | 3,738 | 3,923 | 4,196 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 859 | 740 | 1,145 | 869 | - | 482 | 513 | 552 |
| ROE (net income / shareholders' equity) | 15.2% | 14.6% | 16.3% | 11.3% | 12.2% | 11.6% | 12.4% | 12.5% |
| ROA (Net income/ Total Assets) | 2.74% | 2.65% | 3.01% | - | 1.92% | 2.36% | 2.43% | 2.46% |
| Assets 1 | 18,091 | 18,344 | 20,710 | - | 20,982 | 20,330 | 21,732 | 22,908 |
| Book Value Per Share 2 | 2.330 | 2.460 | 2.720 | 2.760 | 2.790 | 2.830 | 2.940 | 3.070 |
| Cash Flow per Share 2 | 0.6100 | 0.5000 | 0.7400 | 0.6100 | - | 0.3200 | 0.3600 | 0.4200 |
| Capex 1 | 143 | 92.8 | 89.4 | 104 | - | 71.9 | 74 | 76.2 |
| Capex / Sales | 6.73% | 4.26% | 3.48% | 4.21% | - | 2.89% | 2.8% | 2.72% |
| Announcement Date | 05/03/20 | 04/03/21 | 03/03/22 | 02/03/23 | 29/02/24 | - | - | - |
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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
15
Last Close Price
3.528
GBP
Average target price
4.32
GBP
Spread / Average Target
+22.45%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -18.73% | 6.97B | |
| -7.04% | 112B | |
| -7.01% | 84.95B | |
| +16.30% | 61.67B | |
| +3.89% | 60.84B | |
| +8.53% | 42.24B | |
| +8.41% | 41.01B | |
| +17.80% | 34.74B | |
| +1.75% | 24.47B | |
| +0.60% | 18.61B |
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