Financials Young & Co.'s Brewery, P.L.C.

Equities

Market Closed - London S.E. Other stock markets 11:35:01 2024-05-28 am EDT			5-day change	1st Jan Change
956 ^GBX	-3.24%		-8.95%	-12.29%

May. 03	Young & Co's Brewery eyes results in line with expectations	AN
Mar. 04	Young & Co.'s Brewery, P.L.C. completed the acquisition of The City Pub Group plc from Unicorn Asset Management Ltd., Canaccord Genuity Asset Management Limited, Gresham House Asset Management Limited, and Otus Capital Management Limited.	CI

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	650.3	459.3	705.1	660.7	524.1	479.1	-	-
Enterprise Value (EV) ¹	813.9	739.7	953.8	834.5	524.1	792.7	799.1	789.3
P/E ratio	23.6 x	27.3 x	-20.8 x	24.9 x	20.9 x	17.4 x	15.9 x	13.9 x
Yield	1.37%	0.98%	-	1.28%	-	2.23%	2.33%	2.46%
Capitalization / Revenue	2.14 x	1.47 x	7.78 x	2.14 x	1.42 x	1.22 x	0.99 x	0.95 x
EV / Revenue	2.68 x	2.37 x	10.5 x	2.7 x	1.42 x	2.02 x	1.65 x	1.57 x
EV / EBITDA	11.2 x	9.29 x	-3,179 x	10.1 x	6.13 x	8.73 x	7.14 x	6.68 x
EV / FCF	31.2 x	28.1 x	-22.7 x	12.8 x	-	-230 x	23.6 x	19.6 x
FCF Yield	3.21%	3.56%	-4.41%	7.79%	-	-0.43%	4.23%	5.1%
Price to Book	1.25 x	0.89 x	1.29 x	1.22 x	-	0.75 x	0.76 x	0.74 x
Nbr of stocks (in thousands)	48,958	49,007	58,468	58,470	58,479	58,470	-	-
Reference price ²	15.20	10.75	14.20	14.66	10.60	9.560	9.560	9.560
Announcement Date	5/23/19	6/4/20	5/20/21	5/19/22	5/25/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: Aprile	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	303.7	311.6	90.6	309	368.9	393.1	485.2	502.8
EBITDA ¹	72.8	79.6	-0.3	82.5	85.5	90.8	111.9	118.1
EBIT ¹	48.5	46.5	-34	51.4	52.4	56.54	70.76	75.82
Operating Margin	15.97%	14.92%	-37.53%	16.63%	14.2%	14.39%	14.58%	15.08%
Earnings before Tax (EBT) ¹	39.5	29.1	-45.2	51.9	36.2	38.15	48.17	56.37
Net income ¹	31.5	19.3	-38.3	34.4	29.7	30.12	36.54	42.68
Net margin	10.37%	6.19%	-42.27%	11.13%	8.05%	7.66%	7.53%	8.49%
EPS ²	0.6431	0.3935	-0.6823	0.5880	0.5074	0.5493	0.5998	0.6899
Free Cash Flow ¹	26.1	26.3	-42.1	65	-	-3.442	33.83	40.29
FCF margin	8.59%	8.44%	-46.47%	21.04%	-	-0.88%	6.97%	8.01%
FCF Conversion (EBITDA)	35.85%	33.04%	-	78.79%	-	-	30.24%	34.11%
FCF Conversion (Net income)	82.86%	136.27%	-	188.95%	-	-	92.59%	94.39%
Dividend per Share ²	0.2078	0.1057	-	0.1881	-	0.2128	0.2227	0.2349
Announcement Date	5/23/19	6/4/20	5/20/21	5/19/22	5/25/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	164	280	249	174	-	314	320	310
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.247 x	3.523 x	-829 x	2.107 x	-	3.454 x	2.86 x	2.627 x
Free Cash Flow ¹	26.1	26.3	-42.1	65	-	-3.44	33.8	40.3
ROE (net income / shareholders' equity)	6.18%	3.26%	-6.05%	4.89%	-	4.81%	5.07%	5.59%
ROA (Net income/ Total Assets)	4.2%	2.06%	-3.76%	3.2%	-	3.13%	3.07%	3.35%
Assets ¹	750.7	935.8	1,017	1,077	-	962	1,190	1,273
Book Value Per Share ²	12.10	12.10	11.00	12.00	-	12.70	12.50	13.00
Cash Flow per Share ²	0.0100	1.200	-0.4100	1.740	-	1.110	1.130	1.200
Capex ¹	33.9	32.7	19.1	36.9	-	117	57.3	57.1
Capex / Sales	11.16%	10.49%	21.08%	11.94%	-	29.77%	11.8%	11.35%
Announcement Date	5/23/19	6/4/20	5/20/21	5/19/22	5/25/23	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.56 GBP

Average target price

13.8 GBP

Spread / Average Target

+44.35%

	1st Jan change	Capi.
YOUNG & CO.'S BREWERY, P.L.C.	-12.29%	633M
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CHIMNEY CO., LTD.	-9.15%	162M