THE BERKELEY GROUP HOLDINGS PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,702 GBX | +1.07% |
|
+3.52% | +0.30% |
| Apr. 12 | RBC Downgrades Berkeley Group to Underperform from Sector Perform | MT |
| Apr. 12 | JPMorgan Downgrades Berkeley Group to Neutral from Overweight | MT |
Valuation
| Fiscal Period: April | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,830 | 5,241 | 5,627 | 4,541 | 4,780 | 4,976 | - | - |
| Enterprise Value (EV) 1 | 3,855 | 4,102 | 4,499 | 4,272 | 4,369 | 4,591 | 4,537 | 4,493 |
| P/E ratio | 7.99 x | 13.3 x | 13.9 x | 9.92 x | 10.5 x | 13.1 x | 14.1 x | 13.3 x |
| Yield | 0.72% | 2.84% | 2.51% | 0.52% | 2.04% | 4.28% | 5.08% | 5% |
| Capitalization / Revenue | 1.63 x | 2.73 x | 2.56 x | 1.93 x | 1.87 x | 2 x | 1.99 x | 1.93 x |
| EV / Revenue | 1.3 x | 2.14 x | 2.04 x | 1.82 x | 1.71 x | 1.85 x | 1.82 x | 1.74 x |
| EV / EBITDA | 5 x | 8.65 x | 8.85 x | 8.32 x | 8.35 x | 9.29 x | 9.34 x | 8.86 x |
| EV / FCF | 6.5 x | 13.7 x | 14 x | -32.7 x | 13.1 x | 12.9 x | 12.9 x | 14.4 x |
| FCF Yield | 15.4% | 7.29% | 7.15% | -3.06% | 7.64% | 7.73% | 7.76% | 6.97% |
| Price to Book | 1.65 x | 1.7 x | 1.82 x | 1.45 x | 1.43 x | 1.45 x | 1.4 x | 1.34 x |
| Nbr of stocks (in thousands) | 118,753 | 115,698 | 112,317 | 111,305 | 107,478 | 105,828 | - | - |
| Reference price 2 | 40.67 | 45.30 | 50.10 | 40.80 | 44.47 | 47.02 | 47.02 | 47.02 |
| Announcement Date | 6/19/19 | 6/17/20 | 6/23/21 | 6/22/22 | 6/21/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: April | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,957 | 1,920 | 2,202 | 2,348 | 2,550 | 2,488 | 2,495 | 2,579 |
| EBITDA 1 | 770.8 | 474.4 | 508.2 | 513.5 | 523.4 | 494 | 485.9 | 507.1 |
| EBIT 1 | 768.4 | 469.7 | 502.3 | 507.9 | 518.3 | 484.9 | 482.4 | 501.9 |
| Operating Margin | 25.98% | 24.46% | 22.81% | 21.63% | 20.32% | 19.49% | 19.34% | 19.46% |
| Earnings before Tax (EBT) 1 | 775.2 | 503.7 | 518.1 | 551.5 | 604 | 544.8 | 500 | 520.3 |
| Net income 1 | 627.4 | 410.1 | 422.7 | 482.4 | 465.7 | 390.7 | 357.5 | 372.5 |
| Net margin | 21.21% | 21.35% | 19.19% | 20.55% | 18.26% | 15.71% | 14.33% | 14.45% |
| EPS 2 | 5.088 | 3.394 | 3.600 | 4.114 | 4.224 | 3.602 | 3.342 | 3.542 |
| Free Cash Flow 1 | 592.8 | 299.2 | 321.8 | -130.8 | 333.6 | 354.8 | 352 | 313 |
| FCF margin | 20.04% | 15.58% | 14.61% | -5.57% | 13.08% | 14.26% | 14.11% | 12.14% |
| FCF Conversion (EBITDA) | 76.91% | 63.07% | 63.32% | - | 63.74% | 71.82% | 72.44% | 61.72% |
| FCF Conversion (Net income) | 94.49% | 72.96% | 76.13% | - | 71.63% | 90.8% | 98.45% | 84.01% |
| Dividend per Share 2 | 0.2945 | 1.285 | 1.258 | 0.2125 | 0.9069 | 2.013 | 2.390 | 2.353 |
| Announcement Date | 6/19/19 | 6/17/20 | 6/23/21 | 6/22/22 | 6/21/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: April | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2024 S1 |
|---|---|---|---|---|---|---|---|
| Net sales | 930.9 | 989.5 | - | 1,306 | 1,221 | 1,127 | - |
| EBITDA | - | - | - | 277.1 | - | - | - |
| EBIT | - | - | - | 274.3 | - | 236.9 | - |
| Operating Margin | - | - | - | 21% | - | 21.01% | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | 260.8 | 298 |
| Net income | - | - | 187.7 | - | - | 242.6 | - |
| Net margin | - | - | - | - | - | 21.52% | - |
| EPS | - | - | 1.620 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 12/6/19 | 6/17/20 | 12/4/20 | 6/23/21 | 12/8/21 | 6/22/22 | - |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: April | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 975 | 1,139 | 1,128 | 269 | 410 | 385 | 439 | 483 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 593 | 299 | 322 | -131 | 334 | 355 | 352 | 313 |
| ROE (net income / shareholders' equity) | 22.6% | 13.5% | 13.5% | 15.3% | 14.4% | 11.6% | 10.3% | 10.5% |
| ROA (Net income/ Total Assets) | 13% | 7.75% | 7.55% | 7.95% | 6.93% | 5.89% | 5.51% | 6.01% |
| Assets 1 | 4,843 | 5,294 | 5,601 | 6,070 | 6,724 | 6,633 | 6,485 | 6,197 |
| Book Value Per Share 2 | 24.60 | 26.60 | 27.60 | 28.20 | 31.00 | 32.30 | 33.60 | 35.00 |
| Cash Flow per Share 2 | 4.970 | 2.560 | 2.760 | -1.100 | 3.050 | 3.140 | 3.450 | 3.600 |
| Capex 1 | 19.5 | 9.7 | 2.4 | 1.3 | 2 | 5 | 5.14 | 5.14 |
| Capex / Sales | 0.66% | 0.51% | 0.11% | 0.06% | 0.08% | 0.2% | 0.21% | 0.2% |
| Announcement Date | 6/19/19 | 6/17/20 | 6/23/21 | 6/22/22 | 6/21/23 | - | - | - |
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
18
Last Close Price
47.02
GBP
Average target price
47.98
GBP
Spread / Average Target
+2.05%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +0.30% | 6.2B | |
| -4.38% | 47.86B | |
| +10.25% | 23.94B | |
| +1.83% | 17.68B | |
| +13.06% | 14.58B | |
| +16.96% | 12.52B | |
| +12.71% | 6.16B | |
| +9.62% | 5.96B | |
| +7.89% | 6.11B | |
| -8.67% | 5.92B |
- Stock Market
- Equities
- BKG Stock
- Financials The Berkeley Group Holdings plc
