Financials Johnson Matthey Plc Börse Stuttgart

Equities

JMT2

GB00BZ4BQC70

Specialty Chemicals

Market Closed - Börse Stuttgart Other stock markets 07:00:59 28/06/2024 pm IST			5-day change	1st Jan Change
18.53 ^EUR	-0.48%		+2.26%	-5.05%

27/06	Transcript : Johnson Matthey Plc - Special Call
24/05	JOHNSON MATTHEY : Higher transformation costs take their toll

Valuation

Fiscal Period: März	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	3,454	5,801	3,463	3,624	3,272	2,874	-	-
Enterprise Value (EV) ¹	4,548	6,576	4,319	4,647	4,223	3,516	3,675	3,533
P/E ratio	13.6 x	28.3 x	-35.7 x	13.2 x	30.7 x	10.9 x	8.6 x	7.77 x
Yield	3.09%	2.32%	4.1%	3.88%	4.3%	4.85%	5.06%	5.23%
Capitalization / Revenue	0.83 x	1.48 x	0.88 x	0.86 x	0.84 x	0.75 x	0.75 x	0.76 x
EV / Revenue	1.09 x	1.68 x	1.1 x	1.11 x	1.08 x	0.92 x	0.96 x	0.93 x
EV / EBITDA	6.45 x	9.61 x	5.97 x	7.18 x	7.06 x	5.69 x	5.4 x	4.91 x
EV / FCF	87.5 x	16.9 x	28.4 x	-186 x	18.9 x	9.77 x	19.8 x	15.7 x
FCF Yield	1.14%	5.9%	3.52%	-0.54%	5.3%	10.2%	5.04%	6.39%
Price to Book	1.23 x	2.16 x	1.47 x	1.44 x	1.38 x	1.15 x	1.06 x	1.01 x
Nbr of stocks (in thousands)	1,92,093	1,92,522	1,84,333	1,82,716	1,82,883	1,83,428	-	-
Reference price ²	17.98	30.13	18.78	19.84	17.89	15.67	15.67	15.67
Announcement Date	11/06/20	27/05/21	26/05/22	25/05/23	23/05/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	4,170	3,922	3,940	4,201	3,904	3,827	3,825	3,794
EBITDA ¹	705	684	724	647	598	617.9	680.1	719.9
EBIT ¹	539	504	556	465	410	444	495	527.3
Operating Margin	12.93%	12.85%	14.11%	11.07%	10.5%	11.6%	12.94%	13.9%
Earnings before Tax (EBT) ¹	305	238	195	344	164	337.5	412.5	457.9
Net income ¹	255	205	-101	276	108	278.2	327	365.9
Net margin	6.12%	5.23%	-2.56%	6.57%	2.77%	7.27%	8.55%	9.65%
EPS ²	1.321	1.064	-0.5260	1.502	0.5830	1.443	1.822	2.018
Free Cash Flow ¹	52	388	152	-25	224	360	185.3	225.7
FCF margin	1.25%	9.89%	3.86%	-0.6%	5.74%	9.41%	4.84%	5.95%
FCF Conversion (EBITDA)	7.38%	56.73%	20.99%	-	37.46%	58.27%	27.25%	31.35%
FCF Conversion (Net income)	20.39%	189.27%	-	-	207.41%	129.43%	56.68%	61.67%
Dividend per Share ²	0.5562	0.7000	0.7700	0.7700	0.7700	0.7599	0.7934	0.8201
Announcement Date	11/06/20	27/05/21	26/05/22	25/05/23	23/05/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1
Net sales ¹	2,046	1,679	2,243	1,938	2,002	2,045	2,156	1,967
EBITDA ¹	355	235	449	389	335	309	338	273
EBIT ¹	274	151	353	293	263	222	243	180
Operating Margin	13.39%	8.99%	15.74%	15.12%	13.14%	10.86%	11.27%	9.15%
Earnings before Tax (EBT) ¹	80	26	212	-9	204	188	156	82
Net income ¹	79	24	181	-28	-73	160	116	63
Net margin	3.86%	1.43%	8.07%	-1.44%	-3.65%	7.82%	5.38%	3.2%
EPS ²	1.230	0.1230	0.9410	-0.1480	-0.3780	0.8710	0.6310	0.3460
Dividend per Share	0.3112	0.2000	0.5000	0.2200	-	0.2200	-	-
Announcement Date	11/06/20	19/11/20	27/05/21	24/11/21	26/05/22	23/11/22	25/05/23	22/11/23

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: März	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,094	775	856	1,023	951	642	801	658
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.552 x	1.133 x	1.182 x	1.581 x	1.59 x	1.039 x	1.178 x	0.9143 x
Free Cash Flow ¹	52	388	152	-25	224	360	185	226
ROE (net income / shareholders' equity)	9.38%	12.7%	15.9%	11.1%	10.6%	11.4%	12.2%	12.3%
ROA (Net income/ Total Assets)	3.83%	2.71%	5.65%	4.03%	3.89%	8.55%	4.84%	5.39%
Assets ¹	6,654	7,553	-1,788	6,847	2,776	3,253	6,762	6,784
Book Value Per Share ²	14.70	13.90	12.70	13.80	12.90	13.60	14.80	15.60
Cash Flow per Share ²	3.110	3.990	3.150	1.580	3.210	2.420	2.960	3.150
Capex ¹	443	381	453	316	368	351	311	284
Capex / Sales	10.62%	9.71%	11.5%	7.52%	9.43%	9.18%	8.13%	7.49%
Announcement Date	11/06/20	27/05/21	26/05/22	25/05/23	23/05/24	-	-	-

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 Johnson Matthey Plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

15.67 GBP

Average target price

20.12 GBP

Spread / Average Target

+28.37%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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