Company Valuation: London Stock Exchange Group Plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 38,591 39,525 50,168 59,840 45,551 47,065 - -
Change - 2.42% 26.93% 19.28% -23.88% 3.32% - -
Enterprise Value (EV) 1 44,320 45,187 56,264 66,294 53,149 55,285 54,126 52,921
Change - 1.96% 24.51% 17.83% -19.83% 4.02% -2.1% -2.23%
P/E ratio 12x 30.7x 67.2x 88.2x 37.8x 33.6x 27.7x 21.9x
PBR 1.63x 1.52x 2.11x 2.6x 2.31x 2.36x 2.28x 2.24x
PEG - -0.5x -1.7x -12.06x 0.4x 1.7x 1.3x 0.8x
Capitalization / Revenue 5.67x 5.1x 5.99x 6.76x 4.87x 4.76x 4.46x 4.19x
EV / Revenue 6.51x 5.84x 6.71x 7.48x 5.69x 5.6x 5.13x 4.71x
EV / EBITDA 13.5x 12.7x 14.9x 16x 11.8x 11.3x 10.2x 9.25x
EV / EBIT 17.7x 16.6x 19.7x 20.9x 15.2x 14.4x 12.9x 11.6x
EV / FCF 22.8x 25.5x 30.3x 27.8x 20.2x 21.1x 18.7x 16.4x
FCF Yield 4.38% 3.92% 3.3% 3.6% 4.96% 4.74% 5.34% 6.1%
Dividend per Share 2 0.95 1.07 1.15 1.3 1.5 1.647 1.853 2.076
Rate of return 1.37% 1.5% 1.24% 1.15% 1.68% 1.73% 1.95% 2.18%
EPS 2 5.781 2.325 1.381 1.28 2.37 2.827 3.429 4.35
Distribution rate 16.4% 46% 83.3% 102% 63.3% 58.3% 54% 47.7%
Net sales 1 6,811 7,743 8,379 8,858 9,346 9,878 10,542 11,230
EBITDA 1 3,283 3,550 3,777 4,148 4,523 4,899 5,294 5,721
EBIT 1 2,509 2,728 2,862 3,165 3,506 3,836 4,193 4,572
Net income 1 3,129 1,302 761 685 1,249 1,341 1,616 1,917
Net Debt 1 5,729 5,662 6,096 6,454 7,598 8,220 7,061 5,855
Reference price 2 69.30 71.36 92.74 112.85 89.52 95.10 95.10 95.10
Nbr of stocks (in thousands) 5,56,873 5,53,881 5,40,950 5,30,266 5,08,838 4,94,903 - -
Announcement Date 03/03/22 02/03/23 29/02/24 27/02/25 26/02/26 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.64x5.6x11.29x1.73% 6.37TCr
24.52x10.19x15.12x1.29% 9.28TCr
28.13x16.14x20.69x3.15% 6.64TCr
21.48x8.01x13.49x1.76% 5.56TCr
27.85x10.18x17.34x1.34% 5.05TCr
17.28x8.73x12.39x6.21% 1.99TCr
32.09x14.94x23.75x2.11% 1.78TCr
21.17x8.14x13.09x2.37% 1.77TCr
26.38x8.61x15.46x1.81% 1.07TCr
19.39x-4.34x-7.49x1.59% 817.4Cr
Average 25.19x 8.62x 13.51x 2.34% 4.03TCr
Weighted average by Cap. 26.33x 9.85x 15.19x 2.08%

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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