DUNELM GROUP PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 994 GBX | +1.12% |
|
+2.05% | -9.39% |
| Apr. 19 | Peel Hunt starts NatWest and Barclays at 'buy' | AN |
| Apr. 18 | SHELL PLC: PIPER SANDLER RAISES TARGET PRICE TO $85 FROM $76… | RE |
Valuation
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,860 | 2,415 | 2,941 | 1,674 | 2,261 | 2,010 | - | - |
| Enterprise Value (EV) 1 | 1,885 | 2,370 | 2,812 | 1,698 | 2,549 | 2,298 | 2,269 | 2,210 |
| P/E ratio | 19.9 x | 27.8 x | 23.1 x | 9.93 x | 14.9 x | 13.5 x | 12.5 x | 11.8 x |
| Yield | 3.04% | - | 2.41% | 4.82% | 3.75% | 4.29% | 4.41% | 4.65% |
| Capitalization / Revenue | 1.69 x | 2.28 x | 2.2 x | 1.06 x | 1.38 x | 1.18 x | 1.12 x | 1.06 x |
| EV / Revenue | 1.71 x | 2.24 x | 2.1 x | 1.07 x | 1.56 x | 1.35 x | 1.26 x | 1.17 x |
| EV / EBITDA | 11.3 x | 12.1 x | 11.4 x | 5.72 x | 9.16 x | 7.9 x | 7.35 x | 6.78 x |
| EV / FCF | 12.2 x | 13.6 x | 25.9 x | 11.1 x | 15.9 x | 14.3 x | 13.1 x | 11.9 x |
| FCF Yield | 8.19% | 7.37% | 3.86% | 9.01% | 6.29% | 6.97% | 7.61% | 8.4% |
| Price to Book | 10 x | 13.9 x | 10.4 x | 9.43 x | 16.5 x | 16 x | 13.2 x | 11.9 x |
| Nbr of stocks (in thousands) | 201,966 | 202,271 | 202,688 | 201,741 | 201,714 | 202,166 | - | - |
| Reference price 2 | 9.210 | 11.94 | 14.51 | 8.300 | 11.21 | 9.940 | 9.940 | 9.940 |
| Announcement Date | 9/4/19 | 9/10/20 | 9/8/21 | 9/14/22 | 9/20/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,100 | 1,058 | 1,336 | 1,581 | 1,639 | 1,707 | 1,798 | 1,894 |
| EBITDA 1 | 166.3 | 196.2 | 247.2 | 297 | 278.2 | 290.7 | 309 | 326.1 |
| EBIT 1 | 126.9 | 116 | 166.4 | 217.7 | 198.8 | 207.5 | 223.3 | 238.4 |
| Operating Margin | 11.53% | 10.97% | 12.45% | 13.77% | 12.13% | 12.15% | 12.42% | 12.59% |
| Earnings before Tax (EBT) 1 | 117 | - | 157.8 | 212.8 | 192.7 | 200.2 | 217 | 231.8 |
| Net income 1 | 94.14 | 87.7 | 128.9 | 171.2 | 151.9 | 148.1 | 161 | 172.8 |
| Net margin | 8.55% | 8.29% | 9.65% | 10.83% | 9.27% | 8.67% | 8.95% | 9.12% |
| EPS 2 | 0.4637 | 0.4290 | 0.6290 | 0.8360 | 0.7500 | 0.7349 | 0.7933 | 0.8437 |
| Free Cash Flow 1 | 154.4 | 174.7 | 108.5 | 153 | 160.4 | 160.3 | 172.8 | 185.6 |
| FCF margin | 14.03% | 16.51% | 8.12% | 9.67% | 9.79% | 9.39% | 9.61% | 9.8% |
| FCF Conversion (EBITDA) | 92.84% | 89.04% | 43.89% | 51.52% | 57.66% | 55.13% | 55.92% | 56.91% |
| FCF Conversion (Net income) | 164.01% | 199.2% | 84.17% | 89.37% | 105.6% | 108.23% | 107.32% | 107.4% |
| Dividend per Share 2 | 0.2800 | - | 0.3500 | 0.4000 | 0.4200 | 0.4264 | 0.4381 | 0.4626 |
| Announcement Date | 9/4/19 | 9/10/20 | 9/8/21 | 9/14/22 | 9/20/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: July | 2021 S1 | 2021 S2 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|
| Net sales | - | 616.8 | 835 | - | - |
| EBITDA | - | 42.1 | 160.7 | 117.5 | - |
| EBIT | - | - | 121.8 | 77 | - |
| Operating Margin | - | - | 14.59% | - | - |
| Earnings before Tax (EBT) 1 | - | - | 117.4 | 75.3 | 123 |
| Net income | 90.2 | - | - | - | - |
| Net margin | - | - | - | - | - |
| EPS | 0.4410 | - | 0.4580 | 0.2920 | - |
| Dividend per Share | - | 0.2300 | 0.1500 | 0.2700 | - |
| Announcement Date | 2/10/21 | 9/8/21 | 2/15/23 | 9/20/23 | - |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 25.3 | - | - | 23.8 | 288 | 288 | 260 | 200 |
| Net Cash position 1 | - | 45.4 | 129 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.1521 x | - | - | 0.0801 x | 1.035 x | 0.9919 x | 0.8413 x | 0.6134 x |
| Free Cash Flow 1 | 154 | 175 | 109 | 153 | 160 | 160 | 173 | 186 |
| ROE (net income / shareholders' equity) | 63.2% | 48.8% | 56.7% | 74.5% | 96.2% | 114% | 117% | 114% |
| ROA (Net income/ Total Assets) | 24.1% | 15.5% | 17.4% | 22.8% | 21.2% | 21.3% | 21.5% | 21.7% |
| Assets 1 | 391.3 | 566.5 | 741.3 | 752.3 | 717.3 | 696.6 | 747.5 | 795.8 |
| Book Value Per Share 2 | 0.9200 | 0.8600 | 1.390 | 0.8800 | 0.6800 | 0.6200 | 0.7500 | 0.8300 |
| Cash Flow per Share 2 | 0.8600 | 1.200 | 0.9000 | 1.230 | 1.190 | 0.8000 | 0.9300 | 0.9600 |
| Capex 1 | 19.6 | 24.9 | 15.7 | 41.7 | 21.8 | 36 | 37.3 | 36.1 |
| Capex / Sales | 1.78% | 2.35% | 1.17% | 2.64% | 1.33% | 2.11% | 2.08% | 1.91% |
| Announcement Date | 9/4/19 | 9/10/20 | 9/8/21 | 9/14/22 | 9/20/23 | - | - | - |
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+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
9.94
GBP
Average target price
11.75
GBP
Spread / Average Target
+18.22%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.39% | 2.5B | |
| +39.84% | 18.13B | |
| +15.57% | 15.67B | |
| -14.60% | 4.56B | |
| +15.86% | 1.93B | |
| +24.72% | 1.13B | |
| +30.16% | 879M | |
| +28.65% | 837M | |
| -11.83% | 510M | |
| +16.57% | 240M |
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- Financials Dunelm Group plc
