Company Valuation: Whitbread plc

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 5,939 6,287 6,414 4,751 4,379 4,117 - -
Change - 5.86% 2.02% -25.92% -7.84% -5.99% - -
Enterprise Value (EV) 1 9,500 10,074 10,810 9,468 9,611 9,310 9,289 9,276
Change - 6.04% 7.31% -12.41% 1.51% -3.13% -0.23% -0.14%
P/E 141x 22.7x 21.8x 19.3x 21.4x 13.8x 12.6x 11.6x
PBR 1.44x 1.53x 1.83x 1.43x 1.4x 1.27x 1.23x 1.19x
PEG - 0x 1.3x -1.6x -1.7x 0.3x 1.33x 1.41x
Capitalization / Revenue 3.49x 2.39x 2.17x 1.63x 1.5x 1.41x 1.37x 1.31x
EV / Revenue 5.58x 3.84x 3.65x 3.24x 3.29x 3.2x 3.09x 2.95x
EV / EBITDA 19.8x 11.3x 10.2x 9.19x 8.95x 8.93x 8.38x 7.87x
EV / EBIT 62x 18.5x 16x 15x 14.8x 15.5x 14.3x 13.3x
EV / FCF 33.1x 31.7x 27.2x 33.4x 128x 24x 27.6x 23.7x
FCF Yield 3.02% 3.16% 3.68% 2.99% 0.78% 4.16% 3.62% 4.23%
Dividend per Share 2 0.347 0.742 0.97 0.97 0.97 0.9318 0.9853 1.068
Rate of return 1.18% 2.38% 2.78% 3.58% 3.7% 3.78% 4% 4.34%
EPS 2 0.209 1.375 1.599 1.406 1.224 1.79 1.959 2.12
Distribution rate 166% 54% 60.7% 69% 79.2% 52.1% 50.3% 50.4%
Net sales 1 1,703 2,625 2,960 2,922 2,920 2,912 3,004 3,149
EBITDA 1 480.2 888 1,057 1,030 1,074 1,043 1,108 1,179
EBIT 1 153.3 543.5 674.2 629.6 648.9 599.8 648.1 698.9
Net income 1 42.5 278.8 312.1 253.7 212.9 305 331.3 352.6
Net Debt 1 3,561 3,787 4,397 4,717 5,232 5,194 5,173 5,159
Reference price 2 29.46 31.15 34.92 27.07 26.20 24.63 24.63 24.63
Nbr of stocks (in thousands) 2,01,600 2,01,828 1,83,667 1,75,524 1,67,142 1,67,142 - -
Announcement Date 28/04/22 25/04/23 30/04/24 01/05/25 30/04/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.83x3.37x9.63x4.33% 1.5TCr
16.76x5.48x10.91x2.32% 551.76Cr
13.76x3.2x8.93x3.78% 561.64Cr
21x4.23x10.76x1.04% 495.78Cr
15.69x2.17x9.11x2.82% 477.67Cr
17.57x1.67x8x3.13% 280.42Cr
17.81x1.35x8.28x1.93% 249.3Cr
Average 17.35x 3.07x 9.37x 2.77% 587.48Cr
Weighted average by Cap. 17.61x 3.36x 9.59x 3.19%

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