Projected Income Statement: Aviva plc

Forecast Balance Sheet: Aviva plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 - - - - 2,717 -705 -770 -894
Change - - - - - -125.95% -9.22% -16.1%
Announcement Date 02/03/22 09/03/23 07/03/24 27/02/25 05/03/26 - - -
1GBP in Million
Estimates

Cash Flow Forecast: Aviva plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 86 - 350 50 93 449 468 487
Change - - - -85.71% 86% 382.8% 4.23% 4.06%
Free Cash Flow (FCF) 1 -2,944 15,867 1,455 - - 1,512 1,644 1,774
Change - 638.96% -90.83% - - - 8.73% 7.91%
Announcement Date 02/03/22 09/03/23 07/03/24 27/02/25 05/03/26 - - -
1GBP in Million
Estimates

Forecast Financial Ratios: Aviva plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) - - - - - - - -
EBIT Margin (%) 5.99% 7.79% 5.18% 5.02% 5.91% 6.4% 6.66% 6.82%
EBT Margin (%) 5.04% -4.66% 4.5% 2.82% 4.08% 5.28% 5.71% 5.94%
Net margin (%) 4.26% -3.37% 2.89% 1.52% 2.05% 3.72% 4.08% 4.29%
FCF margin (%) -6.37% 46.06% 3.88% - - 3.61% 3.77% 3.91%
FCF / Net Income (%) -149.75% -1,367.84% 134.1% - - 97.23% 92.55% 91.18%

Profitability

        
ROA 0.3% 0.55% 0.34% 0.2% 0.25% 0.33% 0.36% 0.37%
ROE 6.53% 11.76% 11.31% 7.77% 9.73% 16.52% 17.02% 18.11%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 0.19% - 0.93% 0.11% 0.21% 1.07% 1.07% 1.07%
CAPEX / EBITDA (%) - - - - - - - -
CAPEX / FCF (%) -2.92% - 24.05% - - 29.7% 28.47% 27.45%

Items per share

        
Cash flow per share 1 -0.967 5.081 -0.9838 3.109 - - - -
Change - 625.45% -119.36% 416.06% - - - -
Dividend per Share 1 0.2901 0.31 0.334 0.357 0.393 0.4152 0.4458 0.4759
Change - 6.85% 7.74% 6.89% 10.08% 5.65% 7.36% 6.76%
Book Value Per Share 1 6.497 4.026 3.389 3.101 3.494 3.415 3.552 3.735
Change - -38.03% -15.83% -8.49% 12.68% -2.28% 4.03% 5.15%
EPS 1 0.6592 -0.382 0.372 0.236 0.269 0.5299 0.6048 0.6728
Change - -157.95% 197.38% -36.56% 13.98% 97% 14.13% 11.25%
Nbr of stocks (in thousands) 28,58,603 27,98,521 27,19,498 26,56,456 30,39,060 29,93,496 29,93,496 29,93,496
Announcement Date 02/03/22 09/03/23 07/03/24 27/02/25 05/03/26 - - -
1GBP
Estimates
2026 *2027 *
P/E ratio 11.4x 9.97x
PBR 1.77x 1.7x
EV / Sales 0.41x 0.4x
Yield 6.88% 7.39%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
6.032GBP
Average target price
6.925GBP
Spread / Average Target
+14.81%

Annual profits - Rate of surprise