Financials Vistry Group PLC

Equities

Market Closed - London S.E. Other stock markets 11:35:09 2024-04-26 am EDT			5-day change	1st Jan Change
1,174 ^GBX	+3.07%		+5.39%	+27.96%

Apr. 12	JPMorgan raises Taylor Wimpey, Persimmon	AN
Apr. 10	Optimism prevails ahead of inflation figures

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,009	2,080	2,621	2,162	3,166	4,000	-	-
Enterprise Value (EV) ¹	1,647	2,084	2,420	2,044	3,255	3,974	3,828	3,662
P/E ratio	12.9 x	27.1 x	10.4 x	7.25 x	14.4 x	13.8 x	11.4 x	10.1 x
Yield	4.7%	2.13%	5.07%	8.79%	-	4.11%	5.84%	5.87%
Capitalization / Revenue	1.78 x	1.15 x	1.11 x	0.79 x	0.89 x	0.97 x	0.94 x	0.87 x
EV / Revenue	1.46 x	1.15 x	1.03 x	0.75 x	0.91 x	0.96 x	0.9 x	0.8 x
EV / EBITDA	8.28 x	10.3 x	7.03 x	4.89 x	5.79 x	8.07 x	6.95 x	6.18 x
EV / FCF	7.63 x	11.6 x	9.12 x	39.9 x	-43.5 x	11.8 x	11 x	9.52 x
FCF Yield	13.1%	8.59%	11%	2.51%	-2.3%	8.49%	9.12%	10.5%
Price to Book	1.4 x	0.95 x	1.1 x	0.45 x	0.96 x	1.12 x	1.09 x	1.02 x
Nbr of stocks (in thousands)	153,592	221,351	221,404	345,711	345,068	340,711	-	-
Reference price ²	13.08	9.395	11.84	6.255	9.175	11.74	11.74	11.74
Announcement Date	2/27/20	3/4/21	3/2/22	3/22/23	3/14/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,131	1,812	2,359	2,729	3,564	4,137	4,251	4,592
EBITDA ¹	198.8	202.7	344.4	417.8	562	492.5	550.7	592.6
EBIT ¹	192.6	171	311.9	382.5	487.9	456.6	521.9	559.6
Operating Margin	17.03%	9.44%	13.22%	14.02%	13.69%	11.04%	12.28%	12.18%
Earnings before Tax (EBT) ¹	174.8	98.66	319.5	247.5	304.8	407.1	477.4	537.7
Net income ¹	138.4	76.81	254.1	204.3	223.4	272.8	325	363.6
Net margin	12.24%	4.24%	10.77%	7.49%	6.27%	6.59%	7.64%	7.92%
EPS ²	1.014	0.3470	1.141	0.8630	0.6370	0.8484	1.027	1.162
Free Cash Flow ¹	215.8	179	265.5	51.29	-74.9	337.4	348.9	384.7
FCF margin	19.09%	9.88%	11.25%	1.88%	-2.1%	8.16%	8.21%	8.38%
FCF Conversion (EBITDA)	108.55%	88.31%	77.08%	12.27%	-	68.51%	63.36%	64.92%
FCF Conversion (Net income)	155.97%	233.08%	104.47%	25.1%	-	123.68%	107.37%	105.8%
Dividend per Share ²	0.6150	0.2000	0.6000	0.5500	-	0.4822	0.6852	0.6892
Announcement Date	2/27/20	3/4/21	3/2/22	3/22/23	3/14/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	4.27	-	-	88.8	-	-	-
Net Cash position ¹	362	-	201	118	-	26.4	172	338
Leverage (Debt/EBITDA)	-	0.021 x	-	-	0.158 x	-	-	-
Free Cash Flow ¹	216	179	265	51.3	-74.9	337	349	385
ROE (net income / shareholders' equity)	13%	6.7%	11.1%	7.25%	6.8%	8.13%	10.3%	11.4%
ROA (Net income/ Total Assets)	8.19%	2.83%	6.8%	4.15%	3.69%	4.53%	8.78%	11%
Assets ¹	1,689	2,714	3,738	4,930	6,051	6,023	3,701	3,313
Book Value Per Share ²	9.330	9.940	10.80	13.80	9.590	10.50	10.80	11.50
Cash Flow per Share ²	1.590	0.8200	1.200	0.2200	-0.2100	1.010	1.410	1.540
Capex ¹	0.57	2.63	1.55	1.59	2.8	3.83	4.37	4.75
Capex / Sales	0.05%	0.15%	0.07%	0.06%	0.08%	0.09%	0.1%	0.1%
Announcement Date	2/27/20	3/4/21	3/2/22	3/22/23	3/14/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

11.74 GBP

Average target price

11.47 GBP

Spread / Average Target

-2.34%

	1st Jan change	Capi.
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SUMITOMO FORESTRY CO., LTD.	+12.71%	6.16B
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