Company Valuation: Bunzl plc

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 8,150 9,649 9,266 10,710 10,842 7,426 7,426 -
Change - 18.39% -3.97% 15.59% 1.23% -31.51% 0% -
Enterprise Value (EV) 1 9,903 11,475 10,996 12,460 13,208 9,838 9,576 9,341
Change - 15.87% -4.17% 13.32% 6% -25.51% -2.67% -2.45%
P/E ratio 19x 21.9x 19.6x 20.4x 22.2x 14.7x 16.1x 15.1x
PBR 4.29x 4.4x 3.42x 3.63x 3.97x 2.68x 2.46x 2.29x
PEG - 8.03x 2.9x 1.9x -4.74x -2.8x 7.96x 2.2x
Capitalization / Revenue 0.81x 0.94x 0.77x 0.91x 0.92x 0.56x 0.62x 0.6x
EV / Revenue 0.98x 1.12x 0.91x 1.06x 1.12x 0.83x 0.79x 0.76x
EV / EBITDA 10.4x 12.4x 10.2x 10.8x 10.9x 8.66x 8.28x 7.85x
EV / EBIT 12.7x 15.2x 12.4x 13.2x 13.5x 11x 10.6x 10x
EV / FCF 13.1x 16.4x 12.2x 19.4x 20.8x 17.2x 16.4x 14.7x
FCF Yield 7.66% 6.1% 8.23% 5.16% 4.8% 5.81% 6.09% 6.78%
Dividend per Share 2 0.541 0.57 0.627 0.683 0.739 0.7449 0.7673 0.7971
Rate of return 2.21% 1.98% 2.27% 2.14% 2.24% 3.23% 3.33% 3.46%
EPS 2 1.283 1.318 1.407 1.56 1.487 1.409 1.432 1.53
Distribution rate 42.2% 43.2% 44.6% 43.8% 49.7% 53.1% 53.6% 52.1%
Net sales 1 10,111 10,285 12,040 11,797 11,776 11,845 12,046 12,306
EBITDA 1 950.1 924 1,075 1,151 1,212 1,164 1,156 1,190
EBIT 1 778.4 752.8 885.9 944.2 976.1 910.3 903.8 932.7
Net income 1 430 442.8 474.4 526.2 500.4 459.2 461 481
Net Debt 1 1,752 1,826 1,730 1,750 2,366 2,412 2,150 1,916
Reference price 2 24.43 28.85 27.59 31.90 32.96 23.04 23.04 23.04
Nbr of stocks (in thousands) 3,33,615 3,34,442 3,35,835 3,35,749 3,28,953 3,22,290 3,22,290 -
Announcement Date 01/03/21 28/02/22 27/02/23 26/02/24 03/03/25 02/03/26 - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.42x0.83x8.66x3.23% 982.94Cr
26.76x1.29x24.81x2.12% 12TCr
19.81x1.41x25.16x1.98% 10TCr
16.03x1.18x13.75x2.04% 9.08TCr
16.91x1.4x20.28x1.89% 5.75TCr
17.55x0.71x11.23x1.93% 4.17TCr
11.67x1.35x16.2x2.51% 4.16TCr
18.09x0.95x8.59x1.06% 3.05TCr
40.59x3.22x18.8x0.06% 2.74TCr
16.5x0.53x9.41x2.9% 837.52Cr
Average 20.03x 1.29x 15.69x 1.97% 5.31TCr
Weighted average by Cap. 20.46x 1.32x 18.98x 1.93%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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