HOWDEN JOINERY GROUP PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 888 GBX | +1.83% |
|
+4.04% | +9.14% |
| Apr. 04 | Barclays Lifts Howden Joinery PT, Maintains Overweight Rating | MT |
| Apr. 04 | Berenberg likes 4imprint; Numis cuts CMC | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,027 | 4,238 | 5,446 | 3,121 | 4,464 | 4,880 | - | - |
| Enterprise Value (EV) 1 | 3,759 | 4,388 | 5,522 | 3,478 | 4,464 | 5,281 | 5,183 | 5,101 |
| P/E ratio | 19.3 x | 28.6 x | 17.4 x | 8.56 x | 17.6 x | 18.4 x | 16.6 x | 14.9 x |
| Yield | 0.58% | 1.28% | 2.12% | 3.67% | - | 2.4% | 2.5% | 2.79% |
| Capitalization / Revenue | 2.54 x | 2.74 x | 2.6 x | 1.35 x | 1.93 x | 2.06 x | 1.91 x | 1.82 x |
| EV / Revenue | 2.37 x | 2.84 x | 2.64 x | 1.5 x | 1.93 x | 2.22 x | 2.03 x | 1.9 x |
| EV / EBITDA | 12.8 x | 14.2 x | 10.7 x | 6.44 x | 9.28 x | 10.6 x | 9.47 x | 8.65 x |
| EV / FCF | 23.5 x | 16.9 x | 15.7 x | 13.7 x | - | 26.5 x | 18.9 x | 18.3 x |
| FCF Yield | 4.26% | 5.91% | 6.37% | 7.32% | - | 3.78% | 5.28% | 5.46% |
| Price to Book | 6.53 x | 5.83 x | 5.49 x | 3.66 x | - | 4.58 x | 3.89 x | 3.59 x |
| Nbr of stocks (in thousands) | 598,648 | 597,092 | 592,006 | 555,678 | 548,673 | 549,511 | - | - |
| Reference price 2 | 6.726 | 7.098 | 9.200 | 5.616 | 8.136 | 8.880 | 8.880 | 8.880 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 3/11/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,584 | 1,548 | 2,094 | 2,319 | 2,311 | 2,374 | 2,549 | 2,682 |
| EBITDA 1 | 294.5 | 309.7 | 517.1 | 540 | 481.1 | 500.3 | 547.1 | 590.1 |
| EBIT 1 | 265.8 | 195.7 | 401.7 | 415.2 | 340.2 | 359.8 | 404.6 | 433.6 |
| Operating Margin | 16.78% | 12.65% | 19.19% | 17.9% | 14.72% | 15.15% | 15.87% | 16.17% |
| Earnings before Tax (EBT) 1 | 260.7 | 185.3 | 390.3 | 405.8 | 327.6 | 339.5 | 386.4 | 422.3 |
| Net income 1 | 209 | 147.6 | 314.5 | 374.2 | 254.6 | 261.3 | 295.6 | 323.9 |
| Net margin | 13.2% | 9.54% | 15.02% | 16.14% | 11.02% | 11% | 11.59% | 12.08% |
| EPS 2 | 0.3480 | 0.2480 | 0.5300 | 0.6560 | 0.4630 | 0.4830 | 0.5358 | 0.5944 |
| Free Cash Flow 1 | 160.3 | 259.5 | 351.5 | 254.5 | - | 199.6 | 273.9 | 278.7 |
| FCF margin | 10.12% | 16.77% | 16.79% | 10.97% | - | 8.41% | 10.74% | 10.39% |
| FCF Conversion (EBITDA) | 54.43% | 83.79% | 67.98% | 47.13% | - | 39.91% | 50.07% | 47.23% |
| FCF Conversion (Net income) | 76.7% | 175.81% | 111.76% | 68.01% | - | 76.4% | 92.67% | 86.05% |
| Dividend per Share 2 | 0.0390 | 0.0910 | 0.1950 | 0.2060 | - | 0.2133 | 0.2222 | 0.2477 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 3/11/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | 1,309 | 913.1 | 1,406 | 926.9 | - |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 277.4 | 149.1 | 266.1 | 117 | 223.2 |
| Operating Margin | - | - | - | 21.19% | 16.33% | 18.93% | 12.62% | - |
| Earnings before Tax (EBT) | - | - | - | 271.1 | 145 | 260.8 | 111.9 | - |
| Net income | -10.9 | - | 97.1 | - | - | 259.9 | - | - |
| Net margin | - | - | - | - | - | 18.49% | - | - |
| EPS | -0.0180 | 0.2660 | 0.1630 | - | - | 0.4610 | - | - |
| Dividend per Share | - | - | - | - | 0.0470 | 0.1590 | 0.0480 | - |
| Announcement Date | 7/23/20 | 2/25/21 | 7/22/21 | 2/24/22 | 7/21/22 | 2/23/23 | 7/20/23 | 3/11/24 |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 150 | 75.9 | 357 | - | 401 | 303 | 222 |
| Net Cash position 1 | 267 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.4837 x | 0.1468 x | 0.6617 x | - | 0.8025 x | 0.5546 x | 0.3758 x |
| Free Cash Flow 1 | 160 | 260 | 352 | 255 | - | 200 | 274 | 279 |
| ROE (net income / shareholders' equity) | 35.4% | 22.1% | 36.7% | 40.2% | - | 25% | 24.8% | 24.2% |
| ROA (Net income/ Total Assets) | 23.1% | 11.2% | 16.8% | 18.3% | - | 12.2% | 15.4% | 13.1% |
| Assets 1 | 904.5 | 1,316 | 1,869 | 2,042 | - | 2,142 | 1,926 | 2,473 |
| Book Value Per Share 2 | 1.030 | 1.220 | 1.680 | 1.530 | - | 1.940 | 2.280 | 2.470 |
| Cash Flow per Share 2 | 0.3700 | 0.5500 | 0.7400 | 0.6900 | - | 0.4000 | 0.5500 | 0.7000 |
| Capex 1 | 61.1 | 69.7 | 85.9 | 141 | - | 123 | 124 | 126 |
| Capex / Sales | 3.86% | 4.5% | 4.1% | 6.07% | - | 5.2% | 4.86% | 4.69% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 3/11/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
8.88
GBP
Average target price
8.961
GBP
Spread / Average Target
+0.91%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.14% | 6.08B | |
| +14.75% | 2.16B | |
| +0.08% | 1.47B | |
| -13.36% | 869M | |
| -29.59% | 296M | |
| +65.51% | 214M | |
| -34.99% | 212M | |
| +46.20% | 166M | |
| +11.65% | 75.93M | |
| -59.36% | 68.6M |
- Stock Market
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- Financials Howden Joinery Group Plc
