WHITBREAD PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,043 GBX | +0.50% |
|
-0.52% | -16.77% |
| Mar. 13 | Bernstein Maintains Whitbread at Market Perform, Reduces PT | MT |
| Mar. 13 | JPMorgan raises Flutter and cuts Entain | AN |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,721 | 5,032 | 6,844 | 5,734 | 6,206 | 5,578 | - | - |
| Enterprise Value (EV) 1 | 6,138 | 7,980 | 10,122 | 9,295 | 9,993 | 9,857 | 9,772 | 9,724 |
| P/E ratio | 2.39 x | 25.9 x | -7.07 x | 136 x | 22.4 x | 14 x | 13.3 x | 12.4 x |
| Yield | 2.05% | 0.87% | - | 1.22% | 2.41% | 3.17% | 3.4% | 3.61% |
| Capitalization / Revenue | 4.26 x | 2.43 x | 11.6 x | 3.37 x | 2.36 x | 1.87 x | 1.77 x | 1.68 x |
| EV / Revenue | 3 x | 3.85 x | 17.2 x | 5.46 x | 3.81 x | 3.3 x | 3.11 x | 2.93 x |
| EV / EBITDA | 7.44 x | 10.6 x | -54.3 x | 19.4 x | 11.3 x | 9.39 x | 9.01 x | 8.58 x |
| EV / FCF | 1,006 x | -57.6 x | -16.6 x | 32.4 x | 31.4 x | 40.7 x | 34.5 x | 30.7 x |
| FCF Yield | 0.1% | -1.74% | -6.01% | 3.09% | 3.18% | 2.46% | 2.9% | 3.26% |
| Price to Book | 1.43 x | 1.5 x | 1.79 x | 1.39 x | 1.51 x | 1.48 x | 1.38 x | 1.31 x |
| Nbr of stocks (in thousands) | 179,669 | 133,867 | 200,932 | 201,614 | 201,828 | 183,290 | - | - |
| Reference price 2 | 48.54 | 37.59 | 34.06 | 28.44 | 30.75 | 30.43 | 30.43 | 30.43 |
| Announcement Date | 4/30/19 | 5/21/20 | 4/27/21 | 4/28/22 | 4/25/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,049 | 2,072 | 588.9 | 1,703 | 2,625 | 2,984 | 3,143 | 3,322 |
| EBITDA 1 | 825.4 | 755.6 | -186.5 | 480.2 | 888 | 1,049 | 1,085 | 1,133 |
| EBIT 1 | 599.2 | 486.8 | -486.7 | 153.3 | 543.5 | 683.3 | 704.8 | 743.2 |
| Operating Margin | 29.24% | 23.5% | -82.65% | 9% | 20.7% | 22.9% | 22.43% | 22.37% |
| Earnings before Tax (EBT) 1 | 259.8 | 280 | -1,007 | 58.2 | 374.9 | 568.7 | 572.7 | 611.8 |
| Net income 1 | 3,731 | 217.9 | -906.5 | 42.5 | 278.8 | 425.9 | 433.2 | 460.9 |
| Net margin | 182.07% | 10.52% | -153.93% | 2.5% | 10.62% | 14.27% | 13.79% | 13.87% |
| EPS 2 | 20.31 | 1.450 | -4.820 | 0.2090 | 1.375 | 2.180 | 2.288 | 2.457 |
| Free Cash Flow 1 | 6.1 | -138.5 | -608.5 | 287.2 | 317.9 | 242.4 | 283.4 | 317 |
| FCF margin | 0.3% | -6.69% | -103.33% | 16.86% | 12.11% | 8.12% | 9.02% | 9.54% |
| FCF Conversion (EBITDA) | 0.74% | - | - | 59.81% | 35.8% | 23.1% | 26.12% | 27.98% |
| FCF Conversion (Net income) | 0.16% | - | - | 675.76% | 114.02% | 56.91% | 65.41% | 68.77% |
| Dividend per Share 2 | 0.9965 | 0.3265 | - | 0.3470 | 0.7420 | 0.9653 | 1.033 | 1.099 |
| Announcement Date | 4/30/19 | 5/21/20 | 4/27/21 | 4/28/22 | 4/25/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,084 | 987.5 | 250.8 | 338.1 | 661.6 | 1,042 | 1,350 | 1,275 | 1,574 | 1,421 | 1,692 | 1,519 |
| EBITDA 1 | 427 | 419.6 | - | -37.3 | 178.3 | 294.3 | 511.7 | 376.3 | 628 | 408 | - | - |
| EBIT 1 | 296.4 | 190.4 | -290.6 | -191.6 | 26.5 | 126.8 | 343.2 | 200.3 | 445.3 | 219 | - | - |
| Operating Margin | 27.34% | 19.28% | -115.87% | -56.67% | 4.01% | 12.17% | 25.41% | 15.71% | 28.29% | 15.41% | - | - |
| Earnings before Tax (EBT) | 219.9 | 60.1 | - | - | - | - | - | - | - | - | - | - |
| Net income | 172.2 | 45.7 | - | - | - | - | - | - | - | - | - | - |
| Net margin | 15.89% | 4.63% | - | - | - | - | - | - | - | - | - | - |
| EPS | 1.037 | 0.4130 | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | 0.3270 | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/22/19 | 5/21/20 | 10/27/20 | 4/27/21 | 10/26/21 | 4/28/22 | 10/25/22 | 4/25/23 | 10/18/23 | - | - | - |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 2,948 | 3,278 | 3,561 | 3,787 | 4,280 | 4,195 | 4,146 |
| Net Cash position 1 | 2,583 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 3.901 x | -17.58 x | 7.416 x | 4.265 x | 4.078 x | 3.866 x | 3.66 x |
| Free Cash Flow 1 | 6.1 | -139 | -609 | 287 | 318 | 242 | 283 | 317 |
| ROE (net income / shareholders' equity) | 10.1% | 6.15% | -23.9% | -0.13% | 7.98% | 10.7% | 10.8% | 11.1% |
| ROA (Net income/ Total Assets) | 7.11% | 3.24% | -10.9% | 0.46% | 3.36% | 4.4% | 4.53% | 4.66% |
| Assets 1 | 52,485 | 6,728 | 8,312 | 9,183 | 8,287 | 9,685 | 9,572 | 9,883 |
| Book Value Per Share 2 | 33.90 | 25.10 | 19.00 | 20.40 | 20.30 | 20.50 | 22.00 | 23.20 |
| Cash Flow per Share 2 | 2.640 | 1.560 | -2.080 | 2.510 | 3.940 | 4.150 | 4.360 | 4.730 |
| Capex 1 | 480 | 373 | 217 | 200 | 482 | 517 | 470 | 473 |
| Capex / Sales | 23.41% | 17.99% | 36.92% | 11.76% | 18.36% | 17.34% | 14.95% | 14.23% |
| Announcement Date | 4/30/19 | 5/21/20 | 4/27/21 | 4/28/22 | 4/25/23 | - | - | - |
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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
30.43
GBP
Average target price
41.31
GBP
Spread / Average Target
+35.76%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -16.77% | 6.95B | |
| +19.80% | 12.57B | |
| -8.23% | 5.95B | |
| +5.08% | 5.91B | |
| -7.69% | 3.72B | |
| +5.97% | 2.58B | |
| +7.49% | 2.57B | |
| +26.90% | 2.31B | |
| -3.46% | 2.32B | |
| +10.26% | 2.17B |
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- Financials Whitbread PLC
