Financials WPP plc

Equities

WPP

JE00B8KF9B49

Advertising & Marketing

Market Closed - London S.E. 11:35:27 2024-04-26 am EDT 5-day change 1st Jan Change
812.4 GBX +2.01% Intraday chart for WPP plc +4.93% +7.89%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,253 9,729 12,859 8,736 8,050 8,715 - -
Enterprise Value (EV) 1 14,793 10,424 13,760 11,216 8,050 11,560 11,171 10,861
P/E ratio 21.5 x -3.3 x 21.3 x 13.4 x 74.6 x 11.6 x 9.8 x 8.74 x
Yield 2.13% 3% 2.79% 4.8% - 4.71% 4.91% 5.05%
Capitalization / Revenue 1.22 x 1 x 1.24 x 0.74 x 0.68 x 0.74 x 0.72 x 0.7 x
EV / Revenue 1.36 x 1.07 x 1.32 x 0.95 x 0.68 x 0.98 x 0.92 x 0.87 x
EV / EBITDA 6.94 x 5.75 x 6.8 x 4.95 x 3.6 x 5.24 x 4.99 x 4.71 x
EV / FCF 9.79 x 5.68 x 7.91 x 22.8 x - 11.8 x 9.8 x 8.76 x
FCF Yield 10.2% 17.6% 12.6% 4.39% - 8.46% 10.2% 11.4%
Price to Book 1.65 x 2.02 x 3.79 x 2.54 x - 2.43 x 2.15 x 1.94 x
Nbr of stocks (in thousands) 1,242,655 1,216,111 1,148,624 1,065,133 1,069,034 1,072,750 - -
Reference price 2 10.66 8.000 11.20 8.202 7.530 8.124 8.124 8.124
Announcement Date 2/27/20 3/11/21 2/24/22 2/23/23 2/22/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,847 9,762 10,397 11,799 11,860 11,819 12,123 12,529
EBITDA 1 2,131 1,812 2,024 2,267 2,233 2,208 2,240 2,307
EBIT 1 1,623 1,271 1,580 1,816 1,786 1,814 1,907 1,981
Operating Margin 14.96% 13.02% 15.19% 15.39% 15.06% 15.34% 15.73% 15.81%
Earnings before Tax (EBT) 1 982.1 -2,791 950.8 1,160 346 1,269 1,427 1,575
Net income 1 624.1 -2,974 637.7 682.7 110.4 835 948.5 1,045
Net margin 5.75% -30.46% 6.13% 5.79% 0.93% 7.06% 7.82% 8.34%
EPS 2 0.4950 -2.427 0.5250 0.6120 0.1010 0.6987 0.8286 0.9297
Free Cash Flow 1 1,511 1,836 1,740 492.5 - 977.9 1,140 1,239
FCF margin 13.93% 18.81% 16.73% 4.17% - 8.27% 9.4% 9.89%
FCF Conversion (EBITDA) 70.9% 101.32% 85.97% 21.73% - 44.29% 50.89% 53.72%
FCF Conversion (Net income) 242.14% - 272.81% 72.14% - 117.11% 120.19% 118.58%
Dividend per Share 2 0.2270 0.2400 0.3120 0.3940 - 0.3830 0.3985 0.4103
Announcement Date 2/27/20 3/11/21 2/24/22 2/23/23 2/22/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 S1 2024 S2
Net sales 1 4,698 5,583 4,179 6,133 2,640 2,858 5,498 2,574 2,935 6,755 2,986 3,304 6,290 2,829 4,392 7,221 2,837 1,802 4,639 2,687 5,643 6,138
EBITDA 1,088 479.6 1,178 838.6 - - 1,185 - - 874.8 - - 1,392 - - 895.9 - - 1,337 - 791.5 1,450
EBIT 872.2 381.8 888.8 590 - - 960.9 - - 639.1 - - - - - 666.3 - - - - - -
Operating Margin 18.57% 6.84% 21.27% 9.62% - - 17.48% - - 9.46% - - - - - 9.23% - - - - - -
Earnings before Tax (EBT) 503.9 -2,571 -209.6 394.4 - - 556.4 - - 418.6 - - 741.2 - - 204.3 - - 141.7 - - -
Net income 311.7 -2,633 -340.5 252.7 - - 385 - - 257.9 - - 424.8 - - 112 - - - - - -
Net margin 6.63% -47.17% -8.15% 4.12% - - 7% - - 3.82% - - 6.75% - - 1.55% - - - - - -
EPS 0.2470 -2.150 -0.2770 0.2060 - - 0.1790 - - - - - - - - - - - - - - -
Dividend per Share - 0.1000 0.1400 0.1250 - - 0.1870 - - 0.1500 - - - - - - - - - - - -
Announcement Date 2/27/20 8/27/20 3/11/21 8/5/21 11/24/21 2/24/22 2/24/22 4/27/22 8/5/22 8/5/22 10/26/22 2/23/23 2/23/23 4/27/23 8/4/23 8/4/23 10/26/23 2/22/24 2/22/24 4/25/24 - -
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,540 696 901 2,479 - 2,845 2,456 2,146
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.7223 x 0.3838 x 0.4453 x 1.094 x - 1.288 x 1.097 x 0.9301 x
Free Cash Flow 1 1,511 1,837 1,740 493 - 978 1,140 1,239
ROE (net income / shareholders' equity) 11.3% 11.5% 22.9% 30.1% - 25.4% 23.9% 22.3%
ROA (Net income/ Total Assets) 3.02% 1.95% 2.98% 3.88% - 3.16% 3.49% 3.69%
Assets 1 20,671 -152,503 21,392 17,593 - 26,424 27,142 28,323
Book Value Per Share 2 6.460 3.960 2.950 3.220 - 3.340 3.770 4.190
Cash Flow per Share 2 1.470 1.680 1.670 0.6300 - 1.080 1.190 1.240
Capex 1 339 218 263 208 - 260 252 245
Capex / Sales 3.13% 2.24% 2.53% 1.77% - 2.2% 2.08% 1.96%
Announcement Date 2/27/20 3/11/21 2/24/22 2/23/23 2/22/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
16
Last Close Price
8.124 GBP
Average target price
8.783 GBP
Spread / Average Target
+8.12%
Consensus

Quarterly revenue - Rate of surprise