Financials Petershill Partners PLC

Equities

PHLL

GB00BL9ZF303

Investment Management & Fund Operators

Delayed London S.E. Other stock markets 05:20:19 03/05/2024 pm IST			5-day change	1st Jan Change
208 ^GBX	+0.24%		+0.48%	+22.64%

02/05	Deutsche Bank likes TP ICAP but says sell CMC	AN
23/04	FTSE 100 gains pared after hitting record high	AN

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,175	1,919	1,903	2,323	-	-
Enterprise Value (EV) ¹	3,798	2,239	2,102	2,618	2,666	2,690
P/E ratio	5.59 x	-5.3 x	7.56 x	3.91 x	3.49 x	3.15 x
Yield	0.76%	6.95%	7%	6.22%	6.48%	7.12%
Capitalization / Revenue	11.2 x	6.4 x	8.24 x	8.07 x	6.79 x	6.06 x
EV / Revenue	13.3 x	7.47 x	9.1 x	9.1 x	7.8 x	7.02 x
EV / EBITDA	13 x	8.22 x	9.34 x	10.1 x	9.11 x	7.78 x
EV / FCF	-7.99 x	40.9 x	6.43 x	18.4 x	14.5 x	12.6 x
FCF Yield	-12.5%	2.45%	15.6%	5.42%	6.91%	7.94%
Price to Book	0.75 x	0.5 x	0.5 x	0.55 x	0.5 x	0.46 x
Nbr of stocks (in thousands)	11,56,696	11,35,400	11,22,324	11,19,579	-	-
Reference price ²	2.745	1.690	1.696	2.075	2.075	2.075
Announcement Date	20/04/22	28/03/23	26/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	284.7	299.9	231	287.7	341.9	383.1
EBITDA ¹	292.7	272.5	225	258.3	292.5	345.7
EBIT ¹	292.7	272.5	225	255.6	301	339.4
Operating Margin	102.83%	90.84%	97.36%	88.85%	88.03%	88.58%
Earnings before Tax (EBT) ¹	199.6	-411.7	314.1	524.4	585.3	648.1
Net income ¹	190	-366.9	254	534.5	601.8	662.7
Net margin	66.73%	-122.34%	109.93%	185.77%	176.01%	172.97%
EPS ²	0.4914	-0.3189	0.2245	0.5310	0.5940	0.6580
Free Cash Flow ¹	-475.5	54.77	327	141.9	184.1	213.7
FCF margin	-167.05%	18.26%	141.55%	49.33%	53.85%	55.77%
FCF Conversion (EBITDA)	-	20.1%	145.38%	54.94%	62.94%	61.81%
FCF Conversion (Net income)	-	-	128.77%	26.55%	30.59%	32.24%
Dividend per Share ²	0.0208	0.1175	0.1188	0.1290	0.1345	0.1477
Announcement Date	20/04/22	28/03/23	26/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1
Net sales ¹	150.6
EBITDA	-
EBIT ¹	134.8
Operating Margin	89.51%
Earnings before Tax (EBT)	-
Net income ¹	-316.8
Net margin	-210.32%
EPS	-
Dividend per Share ²	0.0307
Announcement Date	21/09/22

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	623	320	199	295	342	367
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.129 x	1.176 x	0.8832 x	1.141 x	1.17 x	1.061 x
Free Cash Flow ¹	-476	54.8	327	142	184	214
ROE (net income / shareholders' equity)	4.68%	5.44%	4.18%	4.81%	5.39%	5.81%
ROA (Net income/ Total Assets)	3.7%	4.39%	3.5%	3.94%	4.67%	4.67%
Assets ¹	5,137	-8,362	7,259	13,579	12,879	14,185
Book Value Per Share ²	3.660	3.370	3.410	3.740	4.110	4.540
Cash Flow per Share ²	-0.2300	0.1500	0.4300	0.2000	0.2100	0.2700
Capex ¹	-	121	162	122	122	-
Capex / Sales	-	40.44%	69.99%	42.27%	35.57%	-
Announcement Date	20/04/22	28/03/23	26/03/24	-	-	-

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 Petershill Partners PLC

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.075 GBP

Average target price

2.291 GBP

Spread / Average Target

+10.41%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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Private Equity