BUNZL PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,070 GBX | +1.19% |
|
+2.54% | -3.76% |
| Apr. 24 | Bunzl looks to improve US fortunes as first quarter sales decrease | AN |
| Apr. 24 | Lloyds profit takes hit; Jet2 cuts guidance | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,899 | 8,150 | 9,649 | 9,266 | 10,710 | 10,309 | - | - |
| Enterprise Value (EV) 1 | 8,636 | 9,903 | 11,475 | 10,996 | 12,460 | 11,839 | 11,463 | 11,075 |
| P/E ratio | 19.8 x | 19 x | 21.9 x | 19.6 x | 20.4 x | 20 x | 18.8 x | 18.2 x |
| Yield | 2.48% | 2.21% | 1.98% | 2.27% | 2.14% | 2.33% | 2.46% | 2.59% |
| Capitalization / Revenue | 0.74 x | 0.81 x | 0.94 x | 0.77 x | 0.91 x | 0.87 x | 0.84 x | 0.82 x |
| EV / Revenue | 0.93 x | 0.98 x | 1.12 x | 0.91 x | 1.06 x | 0.99 x | 0.93 x | 0.88 x |
| EV / EBITDA | 10.6 x | 10.4 x | 12.4 x | 10.2 x | 10.8 x | 10.3 x | 9.65 x | 9.15 x |
| EV / FCF | 13.5 x | 13.1 x | 16.4 x | 12.2 x | 14.7 x | 18.2 x | 17 x | 15.9 x |
| FCF Yield | 7.42% | 7.66% | 6.1% | 8.23% | 6.79% | 5.5% | 5.87% | 6.29% |
| Price to Book | 3.95 x | 4.29 x | 4.4 x | 3.42 x | 3.6 x | 3.18 x | 2.97 x | 2.76 x |
| Nbr of stocks (in thousands) | 334,093 | 333,615 | 334,442 | 335,835 | 335,749 | 335,812 | - | - |
| Reference price 2 | 20.65 | 24.43 | 28.85 | 27.59 | 31.90 | 30.70 | 30.70 | 30.70 |
| Announcement Date | 2/24/20 | 3/1/21 | 2/28/22 | 2/27/23 | 2/26/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,327 | 10,111 | 10,285 | 12,040 | 11,797 | 11,917 | 12,342 | 12,597 |
| EBITDA 1 | 813.3 | 950.1 | 924 | 1,075 | 1,151 | 1,151 | 1,188 | 1,211 |
| EBIT 1 | 653.3 | 778.4 | 752.8 | 885.9 | 944.2 | 929.7 | 958.6 | 992.3 |
| Operating Margin | 7% | 7.7% | 7.32% | 7.36% | 8% | 7.8% | 7.77% | 7.88% |
| Earnings before Tax (EBT) 1 | 453.3 | 555.7 | 568.7 | 634.6 | 698.6 | 691.6 | 735.4 | 769.9 |
| Net income 1 | 349.2 | 430 | 442.8 | 474.4 | 526.2 | 519.1 | 551.7 | 574.9 |
| Net margin | 3.74% | 4.25% | 4.31% | 3.94% | 4.46% | 4.36% | 4.47% | 4.56% |
| EPS 2 | 1.045 | 1.283 | 1.318 | 1.407 | 1.560 | 1.538 | 1.629 | 1.688 |
| Free Cash Flow 1 | 640.5 | 758.3 | 700.4 | 904.9 | 845.7 | 650.8 | 673.3 | 696.8 |
| FCF margin | 6.87% | 7.5% | 6.81% | 7.52% | 7.17% | 5.46% | 5.46% | 5.53% |
| FCF Conversion (EBITDA) | 78.75% | 79.81% | 75.8% | 84.15% | 73.45% | 56.55% | 56.66% | 57.56% |
| FCF Conversion (Net income) | 183.42% | 176.35% | 158.18% | 190.75% | 160.72% | 125.38% | 122.04% | 121.21% |
| Dividend per Share 2 | 0.5130 | 0.5410 | 0.5700 | 0.6270 | 0.6830 | 0.7143 | 0.7542 | 0.7942 |
| Announcement Date | 2/24/20 | 3/1/21 | 2/28/22 | 2/27/23 | 2/26/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,798 | 4,846 | 5,265 | 4,867 | 5,418 | 5,651 | 6,389 | 5,907 | 5,890 | 5,673 | 5,993 | 5,801 | 6,128 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 350.6 | 340.8 | - | 366.8 | 386 | 411.4 | - | 438.3 | - | - | - | - | - |
| Operating Margin | 7.31% | 7.03% | - | 7.54% | 7.12% | 7.28% | - | 7.42% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | 275.7 | - | 296.6 | - | - | - | - | - | - | - |
| Net income | - | - | - | 211 | - | 221.6 | - | - | - | - | - | - | - |
| Net margin | - | - | - | 4.34% | - | 3.92% | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/24/20 | 8/24/20 | 3/1/21 | 8/31/21 | 2/28/22 | 8/30/22 | 2/27/23 | 8/29/23 | 2/26/24 | - | - | - | - |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,737 | 1,753 | 1,826 | 1,730 | 1,750 | 1,530 | 1,153 | 765 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.136 x | 1.845 x | 1.976 x | 1.609 x | 1.52 x | 1.329 x | 0.9707 x | 0.6321 x |
| Free Cash Flow 1 | 641 | 758 | 700 | 905 | 846 | 651 | 673 | 697 |
| ROE (net income / shareholders' equity) | 20.3% | 23.5% | 21.5% | 19.3% | 18.5% | 20.2% | 19.5% | 18.7% |
| ROA (Net income/ Total Assets) | 6.09% | 6.75% | 6.35% | 6.01% | - | 7.34% | 7.65% | 7.79% |
| Assets 1 | 5,738 | 6,375 | 6,972 | 7,890 | - | 7,070 | 7,211 | 7,379 |
| Book Value Per Share 2 | 5.230 | 5.690 | 6.560 | 8.060 | 8.860 | 9.650 | 10.30 | 11.10 |
| Cash Flow per Share 2 | 2.000 | 2.360 | 2.180 | 2.820 | 2.680 | 2.420 | 2.300 | 2.440 |
| Capex 1 | 28.8 | 31.9 | 32.7 | 46.7 | 58.3 | 52.9 | 54.6 | 55.6 |
| Capex / Sales | 0.31% | 0.32% | 0.32% | 0.39% | 0.49% | 0.44% | 0.44% | 0.44% |
| Announcement Date | 2/24/20 | 3/1/21 | 2/28/22 | 2/27/23 | 2/26/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
16
Last Close Price
30.7
GBP
Average target price
31.32
GBP
Spread / Average Target
+2.03%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -3.76% | 12.84B | |
| +56.60% | 91.85B | |
| +41.92% | 71.52B | |
| +19.61% | 63.05B | |
| +8.10% | 42.1B | |
| +27.08% | 30.34B | |
| +16.39% | 21.62B | |
| +16.68% | 17.92B | |
| +2.43% | 5.92B | |
| -27.24% | 5.61B |
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