Financials Balfour Beatty plc

Equities

BBY

GB0000961622

Construction & Engineering

Market Closed - London S.E. 11:35:10 2024-04-12 am EDT 5-day change 1st Jan Change
370.4 GBX +0.54% Intraday chart for Balfour Beatty plc -0.38% +11.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,789 1,856 1,665 1,972 1,777 1,946 - -
Enterprise Value (EV) 1 1,277 1,275 875 1,157 935.4 1,225 1,090 936.1
P/E ratio 13.9 x 61.4 x 12.4 x 7.29 x 9.52 x 9.9 x 8.98 x 8.61 x
Yield 2.45% 0.56% 3.44% 3.11% 3.47% 3.29% 3.51% 3.83%
Capitalization / Revenue 0.21 x 0.22 x 0.23 x 0.26 x 0.19 x 0.22 x 0.22 x 0.2 x
EV / Revenue 0.15 x 0.15 x 0.12 x 0.15 x 0.1 x 0.14 x 0.12 x 0.1 x
EV / EBITDA 5.13 x 8.5 x 3.03 x 3.09 x 2.86 x 3.51 x 2.95 x 2.42 x
EV / FCF 6.68 x 5.29 x 2.91 x 8.44 x 4.27 x 11.9 x 5.28 x 4.6 x
FCF Yield 15% 18.9% 34.4% 11.8% 23.4% 8.4% 18.9% 21.8%
Price to Book 1.32 x 1.4 x 1.22 x 1.5 x 1.54 x 1.46 x 1.34 x 1.19 x
Nbr of stocks (in thousands) 684,217 686,962 635,505 584,089 536,648 525,290 - -
Reference price 2 2.614 2.702 2.620 3.376 3.312 3.704 3.704 3.704
Announcement Date 3/11/20 3/10/21 3/10/22 3/15/23 3/13/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,405 8,587 7,185 7,629 9,595 8,817 8,994 9,737
EBITDA 1 249 150 289 375 327 349.1 369.9 387.3
EBIT 1 221 51 197 279 228 241.1 259.9 274.6
Operating Margin 2.63% 0.59% 2.74% 3.66% 2.38% 2.73% 2.89% 2.82%
Earnings before Tax (EBT) 1 138 48 87 287 244 242.8 258.8 304.1
Net income 1 133 30 140 288 197 204.6 219 232.5
Net margin 1.58% 0.35% 1.95% 3.78% 2.05% 2.32% 2.44% 2.39%
EPS 2 0.1880 0.0440 0.2110 0.4630 0.3480 0.3741 0.4123 0.4301
Free Cash Flow 1 191 241 301 137 219 102.8 206.2 203.7
FCF margin 2.27% 2.81% 4.19% 1.8% 2.28% 1.17% 2.29% 2.09%
FCF Conversion (EBITDA) 76.71% 160.67% 104.15% 36.53% 66.97% 29.46% 55.76% 52.58%
FCF Conversion (Net income) 143.61% 803.33% 215% 47.57% 111.17% 50.26% 94.17% 87.61%
Dividend per Share 2 0.0640 0.0150 0.0900 0.1050 0.1150 0.1220 0.1300 0.1417
Announcement Date 3/11/20 3/10/21 3/10/22 3/15/23 3/13/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2023 S1 2023 S2
Net sales 1 4,521 4,527 5,068
EBITDA - - -
EBIT 1 149 80 228
Operating Margin 3.3% 1.77% 4.5%
Earnings before Tax (EBT) - 82 -
Net income - 63 -
Net margin - 1.39% -
EPS - 0.1100 -
Dividend per Share - - -
Announcement Date 3/11/20 8/16/23 3/13/24
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 512 581 790 815 842 721 856 1,010
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 191 241 301 137 219 103 206 204
ROE (net income / shareholders' equity) 14.3% 2.22% 10.4% 21% 15.3% 14.3% 13.8% 14.6%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 1.980 1.940 2.140 2.250 2.150 2.540 2.770 3.120
Cash Flow per Share 2 0.3100 0.4000 0.5300 0.2700 0.5000 0.1800 0.4100 0.4500
Capex 1 20 33 35 31 66 36.2 38.3 39
Capex / Sales 0.24% 0.38% 0.49% 0.41% 0.69% 0.41% 0.43% 0.4%
Announcement Date 3/11/20 3/10/21 3/10/22 3/15/23 3/13/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
3.704 GBP
Average target price
4.358 GBP
Spread / Average Target
+17.65%
Consensus

Quarterly revenue - Rate of surprise

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