Company Valuation: Associated British Foods plc

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 15,196 10,748 15,950 16,183 14,020 13,589 - -
Change - -29.27% 48.39% 1.46% -13.36% -3.07% - -
Enterprise Value (EV) 1 16,576 12,512 18,215 18,204 16,649 16,246 16,116 16,045
Change - -24.51% 45.57% -0.06% -8.54% -2.42% -0.8% -0.44%
P/E ratio 31.8x 15.3x 15.5x 11.3x 13.9x 12.3x 11x 10.4x
PBR 1.53x 0.94x 1.46x 1.47x 1.29x 1.19x 1.12x 1.04x
PEG - 0.3x 0.3x 0.3x -0.5x 1.2x 0.9x 1.95x
Capitalization / Revenue 1.09x 0.63x 0.81x 0.81x 0.72x 0.69x 0.67x 0.65x
EV / Revenue 1.19x 0.74x 0.92x 0.91x 0.86x 0.83x 0.8x 0.77x
EV / EBITDA 8.92x 5.53x 7.71x 6.26x 6.2x 6.45x 5.88x 5.58x
EV / EBIT 16.4x 8.72x 12x 9.11x 9.6x 10.1x 8.98x 8.47x
EV / FCF 19.2x 26.5x 27.7x 10.4x 25.7x 21.1x 19.4x 19.6x
FCF Yield 5.2% 3.78% 3.61% 9.61% 3.89% 4.74% 5.14% 5.1%
Dividend per Share 2 0.267 0.437 0.6 0.63 0.63 0.6115 0.6546 0.6917
Rate of return 1.39% 3.21% 2.88% 2.88% 3.2% 3.17% 3.4% 3.59%
EPS 2 0.605 0.886 1.342 1.937 1.416 1.56 1.759 1.852
Distribution rate 44.1% 49.3% 44.7% 32.5% 44.5% 39.2% 37.2% 37.3%
Net sales 1 13,884 16,997 19,750 20,073 19,459 19,591 20,184 20,830
EBITDA 1 1,858 2,261 2,361 2,910 2,685 2,518 2,741 2,877
EBIT 1 1,011 1,435 1,513 1,998 1,734 1,615 1,794 1,893
Net income 1 478 700 1,044 1,455 1,025 1,102 1,222 1,303
Net Debt 1 1,380 1,764 2,265 2,021 2,629 2,657 2,526 2,455
Reference price 2 19.24 13.60 20.85 21.89 19.70 19.26 19.26 19.26
Nbr of stocks (in thousands) 790,004 790,327 764,973 739,294 711,515 705,393 - -
Announcement Date 11/9/21 11/8/22 11/7/23 11/5/24 11/4/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.35x0.83x6.45x3.17% 18.16B
20.21x2.93x14.36x3.87% 266B
19.8x2.4x14x3.57% 75.23B
18.65x1.89x10.69x3.28% 52.81B
28.79x4.2x17.17x2.48% 47.03B
17.82x0.5x10.32x3.08% 32.35B
11.71x1.89x9.19x6.69% 28.46B
34.21x2.98x16.81x1.06% 27.71B
72.61x10.58x47.09x1.13% 26.03B
9.32x1.97x10.58x5.61% 23.24B
Average 24.55x 3.02x 15.67x 3.39% 59.66B
Weighted average by Cap. 22.44x 2.92x 14.90x 3.56%

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

  1. Stock Market
  2. Equities
  3. ABF Stock
  4. Valuation Associated British Foods plc