Projected Income Statement: BT Group plc

Forecast Balance Sheet: BT Group plc

balance-sheet-analysis-chart BT-GROUP-PLC
Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 17,969 17,802 18,009 18,859 19,479 19,986 20,250 20,151
Change - -0.93% 1.16% 4.72% 3.29% 2.6% 1.32% -0.49%
Announcement Date 5/7/20 5/13/21 5/12/22 5/18/23 5/16/24 - - -
1GBP in Million
Estimates

Cash Flow Forecast: BT Group plc

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 4,105 4,903 4,607 5,307 4,969 4,959 4,877 4,660
Change - 19.44% -6.04% 15.19% -6.37% -0.21% -1.65% -4.44%
Free Cash Flow (FCF) 1 2,166 1,060 1,303 1,328 1,280 1,530 1,684 1,962
Change - -51.06% 22.92% 1.92% -3.61% 19.55% 10.04% 16.54%
Announcement Date 5/7/20 5/13/21 5/12/22 5/18/23 5/16/24 - - -
1GBP in Million
Estimates

Forecast Financial Ratios: BT Group plc

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 34.64% 34.7% 36.35% 38.36% 38.88% 39.61% 39.94% 40.34%
EBIT Margin (%) 15.82% 14.36% 15.22% 15.36% 15.36% 16.07% 16.31% 16.85%
EBT Margin (%) 10.31% 8.44% 9.42% 8.37% 5.69% 9.01% 9.37% 10.02%
Net margin (%) 7.6% 6.89% 6.11% 9.22% 4.1% 7.17% 7.71% 8.28%
FCF margin (%) 9.49% 4.96% 6.25% 6.43% 6.14% 7.47% 8.19% 9.52%
FCF / Net Income (%) 124.91% 72.01% 102.28% 69.71% 149.71% 104.18% 106.34% 115.06%

Profitability

        
ROA 4.67% 3.6% 4.85% 5.19% 3.48% 3.65% 3.37% 3.41%
ROE 18.64% 14.16% 14.85% 14.48% 13.45% 12.91% 12.1% 11.49%

Financial Health

        
Leverage (Debt/EBITDA) 2.27x 2.4x 2.38x 2.38x 2.4x 2.46x 2.47x 2.42x
Debt / Free cash flow 8.3x 16.79x 13.82x 14.2x 15.22x 13.06x 12.03x 10.27x

Capital Intensity

        
CAPEX / Current Assets (%) 17.99% 22.94% 22.1% 25.68% 23.85% 24.19% 23.73% 22.62%
CAPEX / EBITDA (%) 51.92% 66.12% 60.8% 66.94% 61.35% 61.08% 59.41% 56.07%
CAPEX / FCF (%) 189.52% 462.55% 353.57% 399.62% 388.2% 324.05% 289.62% 237.48%

Items per share

        
Cash flow per share 1 0.63 0.592 0.6001 0.6686 0.5954 0.6108 0.6533 0.664
Change - -6.03% 1.36% 11.41% -10.95% 2.59% 6.95% 1.64%
Dividend per Share 1 0.0462 - 0.077 0.077 0.08 0.0817 0.0835 0.0826
Change - - - 0% 3.9% 2.12% 2.22% -1.04%
Book Value Per Share 1 1.49 1.179 1.55 1.481 1.274 1.306 1.359 1.415
Change - -20.87% 31.49% -4.5% -13.93% 2.5% 4.03% 4.12%
EPS 1 0.174 0.148 0.129 0.189 0.086 0.1395 0.1575 0.1618
Change - -14.94% -12.84% 46.51% -54.5% 62.17% 12.93% 2.76%
Nbr of stocks (in thousands) 9,811,385 9,842,547 9,926,432 9,837,816 9,758,030 9,797,105 9,797,105 9,797,105
Announcement Date 5/7/20 5/13/21 5/12/22 5/18/23 5/16/24 - - -
1GBP
Estimates
2025 *2026 *
P/E ratio 11.4x 10.1x
PBR 1.22x 1.17x
EV / Sales 1.74x 1.74x
Yield 5.13% 5.24%
More valuation ratios * Estimated data

EPS & Dividend

eps-dividend-chart BT-GROUP-PLC

Year-on-year evolution of the PER

evolution-chart BT-GROUP-PLC

Year-on-year evolution of the Yield

evolution-chart BT-GROUP-PLC
Trading Rating
Investor Rating
ESG Refinitiv
B+
surperformance-ratings-light-chart BT-GROUP-PLCMore Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
1.593GBP
Average target price
2.025GBP
Spread / Average Target
+27.14%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. BT.A Stock
  4. Financials BT Group plc
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