Company Valuation: Supermarket Income REIT Plc

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 952.6 1,482 909.8 903.5 1,058 1,010 - -
Change - 55.54% -38.6% -0.68% 17.1% -4.53% - -
Enterprise Value (EV) 1 1,343 1,779 1,478 1,559 1,567 1,808 1,851 1,878
Change - 32.49% -16.93% 5.48% 0.55% 15.36% 2.37% 1.45%
P/E ratio 9.33x 10.6x -6.24x -42.6x - 13.5x 14.1x 14.7x
PBR 1.09x 1.03x 0.75x - - 0.9x 0.87x 0.85x
PEG - -1x 0x 0.5x - - -3.75x -3.44x
Capitalization / Revenue 19.9x 20.5x 9.55x 8.43x 9.34x 8.89x 8.33x 8.1x
EV / Revenue 28x 24.7x 15.5x 14.5x 13.8x 15.9x 15.3x 15.1x
EV / EBITDA 17.9x 30.6x 18.5x 16.9x 15.9x 17.1x 15.6x 15.3x
EV / EBIT 14.8x 14.4x -11.1x 16.9x 15.9x 16.4x 14.8x 14.4x
EV / FCF 45.9x 121x -5.08x - 23.7x 25.4x 23.7x 22.9x
FCF Yield 2.18% 0.83% -19.7% - 4.22% 3.94% 4.22% 4.36%
Dividend per Share 2 0.059 0.0594 0.06 0.061 0.0612 0.062 0.0627 0.0643
Rate of return 5.02% 4.97% 8.22% 8.41% 7.21% 7.65% 7.73% 7.93%
EPS 2 0.126 0.113 -0.117 -0.017 - 0.0598 0.0576 0.0551
Distribution rate 46.8% 52.6% -51.3% -359% - 104% 109% 117%
Net sales 1 47.94 72.11 95.24 107.2 113.2 113.6 121.3 124.7
EBITDA 1 74.97 58.17 79.82 92.01 98.76 105.8 118.7 123
EBIT 1 90.47 123.3 -133.1 92.01 98.76 110.4 124.9 130
Net income 1 81.96 110.3 -144.9 -21.18 61.53 81.57 85.36 84.82
Net Debt 1 390.1 297.3 568.1 655.3 509.3 798 840.8 867.6
Reference price 2 1.1750 1.1950 0.7300 0.7250 0.8490 0.8105 0.8105 0.8105
Nbr of stocks (in thousands) 810,720 1,239,868 1,246,239 1,246,239 1,246,239 1,246,239 - -
Announcement Date 23/09/21 21/09/22 20/09/23 18/09/24 16/09/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 15.88x17.04x7.69% 1.36B
34.07x14.43x18x4.36% 66.69B
29.19x10.92x14.52x4.47% 15.88B
31.83x11.87x17.28x3.91% 14.17B
16.59x11.33x16.84x6.11% 13.82B
39.1x15.63x18.71x4.17% 9.18B
28.71x10.03x14.83x4.15% 9.19B
21.39x13.75x15.23x5.47% 8.47B
11.2x16.42x18.01x5.05% 8.17B
9.36x7.92x10.77x8.96% 6.59B
Average 24.61x 12.82x 16.12x 5.43% 15.35B
Weighted average by Cap. 28.74x 13.16x 16.85x 4.79%

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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