Financials BT Group plc

Equities

BT.A

GB0030913577

Integrated Telecommunications Services

Market Closed - London S.E. 11:35:19 2024-04-16 am EDT 5-day change 1st Jan Change
102.4 GBX -2.43% Intraday chart for BT Group plc -4.43% -17.11%

Valuation

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 21,963 11,568 15,236 18,086 14,344 9,997 - -
Enterprise Value (EV) 1 32,998 29,537 33,038 36,095 33,203 29,549 30,274 30,919
P/E ratio 10.3 x 6.78 x 10.5 x 14.1 x 7.71 x 6.75 x 6.65 x 6.68 x
Yield 6.91% 3.92% - 4.23% 5.28% 7.36% 7.41% 7.5%
Capitalization / Revenue 0.94 x 0.51 x 0.71 x 0.87 x 0.69 x 0.48 x 0.48 x 0.47 x
EV / Revenue 1.41 x 1.29 x 1.55 x 1.73 x 1.61 x 1.42 x 1.44 x 1.47 x
EV / EBITDA 4.46 x 3.74 x 4.46 x 4.76 x 4.19 x 3.65 x 3.67 x 3.7 x
EV / FCF 13.5 x 13.6 x 31.2 x 27.7 x 25 x 23.5 x 21.4 x 21.1 x
FCF Yield 7.39% 7.33% 3.21% 3.61% 4% 4.26% 4.66% 4.74%
Price to Book 2.17 x 0.79 x 1.31 x 1.18 x 0.98 x 0.71 x 0.67 x 0.64 x
Nbr of stocks (in thousands) 9,850,954 9,811,385 9,842,547 9,926,432 9,837,816 9,758,030 - -
Reference price 2 2.230 1.179 1.548 1.822 1.458 1.050 1.050 1.050
Announcement Date 5/9/19 5/7/20 5/13/21 5/12/22 5/18/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 23,459 22,824 21,370 20,845 20,669 20,847 20,960 21,104
EBITDA 1 7,392 7,907 7,415 7,577 7,928 8,103 8,240 8,351
EBIT 1 3,846 3,611 3,068 3,172 3,175 3,319 3,416 3,470
Operating Margin 16.39% 15.82% 14.36% 15.22% 15.36% 15.92% 16.3% 16.44%
Earnings before Tax (EBT) 1 2,666 2,353 1,804 1,963 1,729 2,164 2,227 2,251
Net income 1 2,159 1,734 1,472 1,274 1,905 1,566 1,612 1,599
Net margin 9.2% 7.6% 6.89% 6.11% 9.22% 7.51% 7.69% 7.58%
EPS 2 0.2160 0.1740 0.1480 0.1290 0.1890 0.1555 0.1580 0.1571
Free Cash Flow 1 2,440 2,166 1,060 1,303 1,328 1,258 1,412 1,465
FCF margin 10.4% 9.49% 4.96% 6.25% 6.43% 6.04% 6.74% 6.94%
FCF Conversion (EBITDA) 33.01% 27.39% 14.3% 17.2% 16.75% 15.53% 17.14% 17.54%
FCF Conversion (Net income) 113.02% 124.91% 72.01% 102.28% 69.71% 80.32% 87.6% 91.59%
Dividend per Share 2 0.1540 0.0462 - 0.0770 0.0770 0.0773 0.0778 0.0787
Announcement Date 5/9/19 5/7/20 5/13/21 5/12/22 5/18/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2020 S2 2021 S1 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 Q2 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 Q2 2025 Q3
Net sales 1 11,413 11,411 10,607 10,763 5,070 5,238 10,308 5,369 5,168 10,537 5,133 5,235 10,368 5,212 5,089 10,313 5,164 5,250 5,344 5,181 3,036 - - -
EBITDA 1 3,923 3,984 3,721 3,694 1,866 1,882 3,748 1,960 1,869 3,829 1,903 1,970 3,873 2,007 2,048 4,055 2,033 2,061 2,028 2,020 - - - -
EBIT 1,802 1,809 1,569 1,499 - - 1,579 - - 1,593 482 1,048 1,541 - - 1,634 - - - - - - - -
Operating Margin 15.79% 15.85% 14.79% 13.93% - - 15.32% - - 15.12% 9.39% 20.02% 14.86% - - 15.84% - - - - - - - -
Earnings before Tax (EBT) 1,333 1,020 1,062 742 - 473 1,009 528 426 954 482 349 831 476 422 898 - - - - - - - -
Net income 1,068 666 856 616 - 429 431 455 388 843 422 471 893 427 585 1,012 - - - - - - - -
Net margin 9.36% 5.84% 8.07% 5.72% - 8.19% 4.18% 8.47% 7.51% 8% 8.22% 9% 8.61% 8.19% 11.5% 9.81% - - - - - - - -
EPS 2 0.1070 0.0670 0.0850 0.0620 - - 0.0420 - 0.0400 0.0850 - - 0.0880 - - 0.1010 - - 0.0357 0.0324 - - - -
Dividend per Share 2 0.0462 - - - - 0.0231 0.0231 - 0.0539 0.0539 - 0.0231 0.0231 - 0.0539 0.0539 - 0.0231 - 0.0192 - - 0.0192 -
Announcement Date 10/31/19 5/7/20 10/29/20 5/13/21 7/29/21 11/4/21 11/4/21 2/3/22 5/12/22 5/12/22 7/28/22 11/3/22 11/3/22 2/2/23 5/18/23 5/18/23 7/27/23 11/2/23 2/1/24 - - - - -
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 11,035 17,969 17,802 18,009 18,859 19,552 20,276 20,922
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.493 x 2.273 x 2.401 x 2.377 x 2.379 x 2.413 x 2.461 x 2.505 x
Free Cash Flow 1 2,440 2,166 1,060 1,303 1,328 1,258 1,412 1,465
ROE (net income / shareholders' equity) 21.5% 18.6% 14.2% 14.8% 14.5% 12.3% 11.6% 10.8%
ROA (Net income/ Total Assets) 5.86% 4.67% 3.6% 4.85% 5.19% 3.63% 3.35% 3.33%
Assets 1 36,850 37,131 40,866 26,271 36,673 43,112 48,133 48,014
Book Value Per Share 2 1.030 1.490 1.180 1.550 1.480 1.490 1.560 1.640
Cash Flow per Share 2 0.4300 0.6300 0.5900 0.6000 0.6700 0.6200 0.6200 0.6400
Capex 1 3,963 4,105 4,903 4,607 5,307 5,229 5,246 5,271
Capex / Sales 16.89% 17.99% 22.94% 22.1% 25.68% 25.08% 25.03% 24.98%
Announcement Date 5/9/19 5/7/20 5/13/21 5/12/22 5/18/23 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
1.05 GBP
Average target price
1.832 GBP
Spread / Average Target
+74.50%
Consensus
  1. Stock Market
  2. Equities
  3. BT.A Stock
  4. Financials BT Group plc