Financials Bridgepoint Group plc

Equities

BPT

GB00BND88V85

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 09:05:07 30/04/2024 pm IST			5-day change	1st Jan Change
230.4 ^GBX	-1.29%		+0.44%	-17.48%

28/04	Ofwat explores Thames Water break-up and sale - Telegraph	AN
18/04	Bridgepoint picks former William Hill CFO Prior as new finance chief	AN

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,059	1,569	2,217	1,828	-	-
Enterprise Value (EV) ¹	3,820	1,569	2,060	2,059	2,035	1,944
P/E ratio	70.2 x	13 x	32.1 x	14.1 x	13.2 x	9.64 x
Yield	0.74%	2.1%	1.58%	3.99%	4.6%	4.81%
Capitalization / Revenue	15 x	5.1 x	6.89 x	3.93 x	3.57 x	2.99 x
EV / Revenue	14.1 x	5.1 x	6.4 x	4.42 x	3.98 x	3.18 x
EV / EBITDA	33.5 x	11.2 x	13.8 x	8.95 x	8.11 x	6.19 x
EV / FCF	-	139 x	14.3 x	10.1 x	10 x	6.75 x
FCF Yield	-	0.72%	6.98%	9.86%	9.97%	14.8%
Price to Book	5.67 x	2.03 x	3.08 x	2.28 x	2.1 x	1.87 x
Nbr of stocks (in thousands)	8,23,269	8,23,269	7,94,027	7,93,571	-	-
Reference price ²	4.930	1.906	2.792	2.304	2.304	2.304
Announcement Date	24/03/22	16/03/23	14/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	270.6	307.4	321.6	465.5	511.6	611.4
EBITDA ¹	113.9	140.3	148.8	230	250.8	314.1
EBIT ¹	102	125	133.1	205.9	229.9	310.2
Operating Margin	37.69%	40.66%	41.39%	44.22%	44.93%	50.74%
Earnings before Tax (EBT) ¹	62.6	127.4	86	199.5	215.6	281.8
Net income ¹	57.8	120.6	70.7	166.1	178.8	229.7
Net margin	21.36%	39.23%	21.98%	35.68%	34.96%	37.58%
EPS ²	0.0702	0.1464	0.0870	0.1634	0.1749	0.2390
Free Cash Flow ¹	-	11.3	143.8	203	203	288
FCF margin	-	3.68%	44.71%	43.61%	39.68%	47.11%
FCF Conversion (EBITDA)	-	8.05%	96.64%	88.26%	80.93%	91.69%
FCF Conversion (Net income)	-	9.37%	203.39%	122.21%	113.52%	125.36%
Dividend per Share ²	0.0364	0.0400	0.0440	0.0919	0.1059	0.1108
Announcement Date	24/03/22	16/03/23	14/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2022 S2	2023 S1	2023 S2
Net sales	-	167.3	137.8	-
EBITDA	-	78.5	55.6	-
EBIT ¹	-	70.8	52.4	84.6
Operating Margin	-	42.32%	38.03%	-
Earnings before Tax (EBT)	-	79.1	53.1	-
Net income ¹	44.9	75.7	48.2	22.5
Net margin	-	45.25%	34.98%	-
EPS	0.0500	-	-	-
Dividend per Share	-	-	-	-
Announcement Date	26/07/22	16/03/23	25/07/23	14/03/24

¹GBP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	230	207	116
Net Cash position ¹	238	-	157	-	-	-
Leverage (Debt/EBITDA)	-	-	-	1.001 x	0.8243 x	0.3683 x
Free Cash Flow ¹	-	11.3	144	203	203	288
ROE (net income / shareholders' equity)	11.3%	15.2%	15.9%	18.7%	15.8%	21.3%
ROA (Net income/ Total Assets)	4.97%	-	5.69%	5.16%	4.35%	6.19%
Assets ¹	1,163	-	1,243	3,222	4,110	3,713
Book Value Per Share ²	0.8700	0.9400	0.9100	1.010	1.100	1.230
Cash Flow per Share ²	0.0600	0.0400	0.1900	0.2000	0.2000	0.2800
Capex ¹	6.3	22.6	4	4	4	-
Capex / Sales	2.33%	7.35%	1.24%	0.86%	0.78%	-
Announcement Date	24/03/22	16/03/23	14/03/24	-	-	-

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

Ratings for Bridgepoint Group plc

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.304 GBP

Average target price

2.873 GBP

Spread / Average Target

+24.71%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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