Company Valuation: Whitbread PLC

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 5,939 6,287 6,414 4,751 4,379 4,005 - -
Change - 5.86% 2.02% -25.92% -7.84% -8.55% - -
Enterprise Value (EV) 1 9,500 10,074 10,810 9,468 9,611 9,198 9,177 9,164
Change - 6.04% 7.31% -12.41% 1.51% -4.29% -0.23% -0.14%
P/E 141x 22.7x 21.8x 19.3x 21.4x 13.3x 12.2x 11.2x
PBR 1.44x 1.53x 1.83x 1.43x 1.4x 1.24x 1.2x 1.16x
PEG - 0x 1.3x -1.6x -1.7x 0.3x 1.3x 1.29x
Capitalization / Revenue 3.49x 2.39x 2.17x 1.63x 1.5x 1.37x 1.33x 1.27x
EV / Revenue 5.58x 3.84x 3.65x 3.24x 3.29x 3.16x 3.05x 2.91x
EV / EBITDA 19.8x 11.3x 10.2x 9.19x 8.95x 8.81x 8.28x 7.76x
EV / EBIT 62x 18.5x 16x 15x 14.8x 15.3x 14.1x 13.1x
EV / FCF 33.1x 31.7x 27.2x 33.4x 128x 23.7x 27.3x 23.4x
FCF Yield 3.02% 3.16% 3.68% 2.99% 0.78% 4.21% 3.66% 4.28%
Dividend per Share 2 0.347 0.742 0.97 0.97 0.97 0.9318 0.9873 1.073
Rate of return 1.18% 2.38% 2.78% 3.58% 3.7% 3.89% 4.12% 4.48%
EPS 2 0.209 1.375 1.599 1.406 1.224 1.796 1.964 2.135
Distribution rate 166% 54% 60.7% 69% 79.2% 51.9% 50.3% 50.3%
Net sales 1 1,703 2,625 2,960 2,922 2,920 2,913 3,005 3,151
EBITDA 1 480.2 888 1,057 1,030 1,074 1,044 1,109 1,181
EBIT 1 153.3 543.5 674.2 629.6 648.9 600.6 648.9 701
Net income 1 42.5 278.8 312.1 253.7 212.9 306 332.2 355.1
Net Debt 1 3,561 3,787 4,397 4,717 5,232 5,194 5,173 5,159
Reference price 2 29.46 31.15 34.92 27.07 26.20 23.96 23.96 23.96
Nbr of stocks (in thousands) 201,600 201,828 183,667 175,524 167,142 167,142 - -
Announcement Date 28/04/22 25/04/23 30/04/24 01/05/25 30/04/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.29x3.15x8.8x3.9% 5.4B
17.95x3.24x9.21x4.47% 14.44B
16.01x5.31x10.58x2.43% 5.27B
15.74x2.16x8.94x2.85% 4.74B
18.57x3.88x9.87x1.18% 4.38B
17.64x1.68x7.47x3.11% 2.83B
17.94x1.37x8.36x1.9% 2.51B
33.98x9x20.63x0.13% 2.07B
Average 18.89x 3.72x 10.48x 2.5% 5.2B
Weighted average by Cap. 17.69x 3.50x 9.77x 3.14%

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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