Company Valuation: Forterra plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 627.2 386.2 364.4 341.2 390 277.4 - -
Change - -38.43% -5.63% -6.37% 14.31% -28.88% - -
Enterprise Value (EV) 1 602.8 410.1 481.8 447 465.6 350.4 336.2 317.8
Change - -31.98% 17.5% -7.23% 4.17% -24.76% -4.04% -5.49%
P/E 14x 6.86x 28.5x 19.5x 23.2x 12.5x 10.9x 9.12x
PBR 2.68x 1.83x 1.81x 1.52x 1.68x 1.22x 1.15x 1.07x
PEG - 0.2x -0.4x 0.6x -6.42x 0.4x 0.8x 0.5x
Capitalization / Revenue 1.69x 0.85x 1.05x 0.99x 1.01x 0.74x 0.71x 0.66x
EV / Revenue 1.63x 0.9x 1.39x 1.3x 1.21x 0.94x 0.86x 0.76x
EV / EBITDA 8.56x 4.6x 8.29x 8.6x 7.56x 6.22x 5.42x 4.48x
EV / EBIT 11.2x 5.64x 12.6x 14.3x 11.1x 9.82x 8.4x 6.64x
EV / FCF 17.1x 9.13x -10.6x 16.9x 8.69x 13.4x 11.1x 8.99x
FCF Yield 5.84% 10.9% -9.4% 5.91% 11.5% 7.46% 9.04% 11.1%
Dividend per Share 2 0.099 0.146 0.044 0.03 0.062 0.0525 0.065 0.079
Rate of return 3.59% 7.82% 2.49% 1.85% 3.34% 3.88% 4.81% 5.85%
EPS 2 0.197 0.272 0.062 0.083 0.08 0.1084 0.124 0.1482
Distribution rate 50.3% 53.7% 71% 36.1% 77.5% 48.4% 52.5% 53.3%
Net sales 1 370.4 455.5 346.4 344.3 386 372.4 391 417.8
EBITDA 1 70.4 89.2 58.1 52 61.6 56.32 62.01 70.96
EBIT 1 54 72.7 38.1 31.2 42 35.69 40.01 47.88
Net income 1 45.5 58.8 12.8 17.5 17 22.75 26 31.48
Net Debt 1 -24.4 23.9 117.4 105.8 75.6 72.97 58.82 40.37
Reference price 2 2.760 1.866 1.768 1.620 1.854 1.352 1.352 1.352
Nbr of stocks (in thousands) 2,27,258 2,06,948 2,06,112 2,10,614 2,10,370 2,05,168 - -
Announcement Date 10/03/22 09/03/23 26/03/24 12/03/25 11/03/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.26x0.93x6.14x3.95% 36Cr
16.53x1.98x9.47x1.6% 6.55TCr
42.71x4.18x22.15x0.67% 3.62TCr
30.26x4.82x15.91x0.76% 3.57TCr
13.02x1.56x7.13x2.34% 3.32TCr
28.9x5.23x15.38x0.63% 3.28TCr
18.34x2.44x9.31x1.32% 2.68TCr
21.95x6.43x13.96x1.99% 2.25TCr
82.21x4.48x84.15x0.32% 2.18TCr
11.88x1.32x6.56x0.81% 1.78TCr
Average 27.81x 3.34x 19.02x 1.44% 2.93TCr
Weighted average by Cap. 27.61x 3.44x 17.93x 1.22%

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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  4. Valuation Forterra plc