Company Valuation: Smiths Group plc

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 6,166 5,599 5,924 6,133 7,714 7,669 - -
Change - -9.19% 5.8% 3.53% 25.79% -0.59% - -
Enterprise Value (EV) 1 7,263 5,709 6,311 6,346 8,155 7,476 6,663 6,906
Change - -21.39% 10.54% 0.56% 28.52% -8.33% -10.88% 3.65%
P/E ratio 21.8x 5.8x 26.1x 24.8x 27.6x 27.1x 23.7x 20.5x
PBR 2.57x 2.21x 2.51x 2.74x 3.86x 2.54x 2.74x 4.6x
PEG - 0x -0.3x 2.3x 1.5x 2.82x 1.6x 1.3x
Capitalization / Revenue 2.56x 2.18x 1.95x 1.96x 2.31x 3.93x 3.67x 3.52x
EV / Revenue 3.02x 2.22x 2.08x 2.03x 2.44x 3.84x 3.18x 3.17x
EV / EBITDA 15.9x 11.5x 10.8x 10.4x 12x 16.2x 13.1x 12.9x
EV / EBIT 19.5x 13.7x 12.6x 12.1x 14.1x 19.1x 15.1x 14.8x
EV / FCF 17.3x 29.4x 29.5x 19.1x 21.7x 26.8x 22.4x 25.2x
FCF Yield 5.78% 3.4% 3.39% 5.23% 4.61% 3.73% 4.47% 3.97%
Dividend per Share 2 0.377 0.396 0.416 0.4375 0.46 0.4807 0.5006 0.5643
Rate of return 2.42% 2.57% 2.45% 2.45% 1.96% 1.89% 1.97% 2.22%
EPS 2 0.713 2.66 0.651 0.72 0.853 0.9348 1.071 1.241
Distribution rate 52.9% 14.9% 63.9% 60.8% 53.9% 51.4% 46.8% 45.5%
Net sales 1 2,406 2,566 3,037 3,132 3,336 1,949 2,092 2,180
EBITDA 1 458 495 584 611 682 460.6 508.3 533.9
EBIT 1 372 417 501 526 580 391.8 440.5 467.7
Net income 1 284 1,033 231 250 290 218.3 306.8 315.2
Net Debt 1 1,097 110 387 213 441 -192.3 -1,006 -762.8
Reference price 2 15.56 15.42 16.99 17.86 23.52 25.38 25.38 25.38
Nbr of stocks (in thousands) 396,376 362,982 348,648 343,372 327,996 302,157 - -
Announcement Date 28/09/21 23/09/22 26/09/23 24/09/24 23/09/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.15x3.84x16.23x1.89% 10.34B
24.54x - - -.--% 1,045B
23.91x4.07x16.18x2.27% 138B
25.98x1.96x12.56x1.06% 133B
48.7x2.92x24.12x0.6% 88.43B
36.6x2.19x20.12x0.87% 83.28B
19.18x3.37x11.55x2.16% 75.69B
22.15x4.84x16.5x2.57% 72.15B
12.58x0.81x4.83x3.4% 21.13B
Average 26.75x 3.00x 15.26x 1.65% 185.13B
Weighted average by Cap. 26.00x 3.09x 16.15x 0.61%

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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  3. SMIN Stock
  4. Valuation Smiths Group plc