Financials Henry Boot PLC Deutsche Boerse AG

Equities

Market Closed - Deutsche Boerse AG Other stock markets 06:59:01 14/06/2024 pm IST			5-day change	1st Jan Change
2.38 ^EUR	-4.03%		-2.46%	+0.85%

11/06	Henry Boot exchanges on Oxfordshire development with Mulberry Homes	AN
11/06	Capricorn Energy up on Sangomar production	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	423.1	338.4	377.2	312.7	277.9	275.3	-	-
Enterprise Value (EV) ¹	396.1	309.2	420.7	361.3	355.7	354.1	358.2	350.8
P/E ratio	-	-	13.6 x	9.55 x	10.8 x	14 x	11.6 x	10.5 x
Yield	1.57%	2.16%	2.13%	2.83%	3.52%	3.79%	4.03%	4.27%
Capitalization / Revenue	1.11 x	1.52 x	1.64 x	0.92 x	0.77 x	0.77 x	0.72 x	0.66 x
EV / Revenue	1.04 x	1.39 x	1.82 x	1.06 x	0.99 x	0.99 x	0.94 x	0.84 x
EV / EBITDA	7.23 x	12.4 x	10.3 x	6.98 x	7.7 x	8.63 x	7.39 x	6.69 x
EV / FCF	-	24 x	-9.43 x	-16.2 x	-47.6 x	44.3 x	16.7 x	22.8 x
FCF Yield	-	4.17%	-10.6%	-6.16%	-2.1%	2.26%	5.97%	4.39%
Price to Book	-	-	-	-	-	0.65 x	0.63 x	0.61 x
Nbr of stocks (in thousands)	1,32,635	1,32,706	1,32,826	1,33,052	1,33,623	1,33,625	-	-
Reference price ²	3.190	2.550	2.840	2.350	2.080	2.060	2.060	2.060
Announcement Date	21/05/20	23/03/21	23/03/22	21/03/23	25/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	379.7	222.4	230.6	341.4	359.4	356.8	381.6	415.7
EBITDA ¹	54.81	24.84	40.79	51.79	46.2	41.03	48.47	52.47
EBIT ¹	48.9	17.48	35.57	46.46	40.2	35.27	42.5	46.5
Operating Margin	12.88%	7.86%	15.43%	13.61%	11.19%	9.88%	11.14%	11.19%
Earnings before Tax (EBT) ¹	-	17.08	35.14	45.6	37.3	30.67	37.57	42.57
Net income ¹	-	13.72	28.16	33.32	26.3	20.94	25.54	27.85
Net margin	-	6.17%	12.21%	9.76%	7.32%	5.87%	6.69%	6.7%
EPS ²	-	-	0.2090	0.2460	0.1930	0.1466	0.1781	0.1953
Free Cash Flow ¹	-	12.89	-44.62	-22.27	-7.475	8	21.4	15.4
FCF margin	-	5.79%	-19.35%	-6.52%	-2.08%	2.24%	5.61%	3.7%
FCF Conversion (EBITDA)	-	51.89%	-	-	-	19.5%	44.15%	29.35%
FCF Conversion (Net income)	-	93.89%	-	-	-	38.2%	83.79%	55.3%
Dividend per Share ²	0.0500	0.0550	0.0605	0.0666	0.0733	0.0780	0.0830	0.0880
Announcement Date	21/05/20	23/03/21	23/03/22	21/03/23	25/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	43.5	48.6	77.8	78.8	83	75.5
Net Cash position ¹	27	29.2	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	1.066 x	0.9384 x	1.684 x	1.921 x	1.712 x	1.44 x
Free Cash Flow ¹	-	12.9	-44.6	-22.3	-7.48	8	21.4	15.4
ROE (net income / shareholders' equity)	-	4.39%	8.54%	9.03%	6.63%	4.86%	5.71%	5.84%
ROA (Net income/ Total Assets)	-	-	-	-	-	3.28%	3.79%	4.4%
Assets ¹	-	-	-	-	-	638.9	673	632.4
Book Value Per Share ²	-	-	-	-	-	3.150	3.250	3.380
Cash Flow per Share ²	0.0900	0.0900	-0.3200	-0.1600	-0.0200	0.1100	0.1800	0.2100
Capex ¹	1.11	0.92	1.06	0.97	4.07	6	6.2	6.4
Capex / Sales	0.29%	0.42%	0.46%	0.28%	1.13%	1.68%	1.62%	1.54%
Announcement Date	21/05/20	23/03/21	23/03/22	21/03/23	25/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.06 GBP

Average target price

3.383 GBP

Spread / Average Target

+64.24%

	1st Jan change	Capi.
LARSEN & TOUBRO LIMITED	+4.53%	6.07TCr
VINCI	-13.69%	5.99TCr
QUANTA SERVICES, INC.	+26.64%	4TCr
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	+15.59%	3.19TCr
FERROVIAL SE	+10.90%	2.87TCr
CHINA RAILWAY GROUP LIMITED	+13.56%	2.05TCr
WSP GLOBAL INC.	+11.36%	1.88TCr
EMCOR GROUP, INC.	+75.09%	1.77TCr
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+39.37%	1.71TCr