Financials Carr's Group plc

Equities

CARR

GB00BRK01058

Fishing & Farming

Market Closed - London S.E. Other stock markets 11:35:20 2024-05-15 am EDT			5-day change	1st Jan Change
135.5 ^GBX	-1.09%		+2.65%	+34.69%

Apr. 18	Carr's prepares for strategic transformation as profit slumps	AN
Apr. 18	Carr's Group Reviews Options for Engineering Division	MT

Valuation

Fiscal Period: September	2019	2020	2021	2022	2024	2025	2026
Capitalization ¹	128.7	112.8	150.4	116.6	129.3	-	-
Enterprise Value (EV) ¹	152.5	134.5	175.8	116.6	126.2	127.8	126.7
P/E ratio	10.9 x	12 x	19.8 x	19.4 x	27.7 x	17.5 x	15.4 x
Yield	3.39%	3.89%	3.12%	-	3.85%	3.94%	4.01%
Capitalization / Revenue	0.32 x	0.29 x	0.36 x	0.94 x	0.86 x	0.81 x	0.76 x
EV / Revenue	0.38 x	0.34 x	0.42 x	0.94 x	0.84 x	0.8 x	0.75 x
EV / EBITDA	7.21 x	6.48 x	8.4 x	7.73 x	9.25 x	8.31 x	7.68 x
EV / FCF	17.1 x	11.7 x	11.7 x	-	13.3 x	16.9 x	17.1 x
FCF Yield	5.86%	8.54%	8.56%	-	7.49%	5.91%	5.84%
Price to Book	1.13 x	0.96 x	1.29 x	-	1.22 x	1.19 x	1.19 x
Nbr of stocks (in thousands)	91,942	92,466	93,713	94,000	94,380	-	-
Reference price ²	1.400	1.220	1.605	1.240	1.370	1.370	1.370
Announcement Date	11/11/19	11/23/20	12/7/21	3/23/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September	2019	2020	2021	2022	2024	2025	2026
Net sales ¹	403.9	395.6	417.3	124.2	150.3	158.7	170
EBITDA ¹	21.16	20.77	20.92	15.08	13.63	15.37	16.5
EBIT ¹	16.25	13.61	14.64	11.07	9.15	10.95	12.3
Operating Margin	4.02%	3.44%	3.51%	8.91%	6.09%	6.9%	7.24%
Earnings before Tax (EBT) ¹	16.31	12.5	12.05	7.566	6.7	9.95	11.5
Net income ¹	12.05	9.533	7.712	6.042	4.65	7.45	8.5
Net margin	2.98%	2.41%	1.85%	4.86%	3.09%	4.69%	5%
EPS ²	0.1280	0.1020	0.0810	0.0640	0.0495	0.0785	0.0890
Free Cash Flow ¹	8.93	11.49	15.05	-	9.45	7.55	7.4
FCF margin	2.21%	2.9%	3.61%	-	6.29%	4.76%	4.35%
FCF Conversion (EBITDA)	42.21%	55.32%	71.92%	-	69.32%	49.13%	44.85%
FCF Conversion (Net income)	74.11%	120.54%	195.11%	-	203.23%	101.34%	87.06%
Dividend per Share ²	0.0475	0.0475	0.0500	-	0.0528	0.0540	0.0550
Announcement Date	11/11/19	11/23/20	12/7/21	3/23/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September	2024 S2
Net sales ¹	67.9
EBITDA ¹	6.1
EBIT ¹	3.2
Operating Margin	4.71%
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share ²	0.0300
Announcement Date	-

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: September	2019	2020	2021	2022	2024	2025	2026
Net Debt ¹	23.8	21.7	25.4	-	-	-	-
Net Cash position ¹	-	-	-	-	3.15	1.55	2.6
Leverage (Debt/EBITDA)	1.125 x	1.044 x	1.213 x	-	-	-	-
Free Cash Flow ¹	8.93	11.5	15	-	9.45	7.55	7.4
ROE (net income / shareholders' equity)	11%	8.24%	10.4%	-	6.45%	7.55%	8.2%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	1.240	1.270	1.250	-	1.130	1.150	1.150
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	-	-	4	4.5	4
Capex / Sales	-	-	-	-	2.66%	2.84%	2.35%
Announcement Date	11/11/19	11/23/20	12/7/21	3/23/23	-	-	-

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 Carr's Group plc

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.37 GBP

Average target price

1.655 GBP

Spread / Average Target

+20.80%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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Animal Feed