GREGGS PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,700 GBX | +0.45% |
|
-2.24% | +3.77% |
| Apr. 26 | Peel Hunt cuts ConvaTec to 'reduce' | AN |
| Apr. 04 | Greggs plc Appoints Tamara Rogers as an Independent Non-Executive Director, Effect from 1 June 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,306 | 1,859 | 3,466 | 2,375 | 2,639 | 2,740 | - | - |
| Enterprise Value (EV) 1 | 2,490 | 2,113 | 3,551 | 2,484 | 2,639 | 2,914 | 2,929 | 2,865 |
| P/E ratio | 27 x | -142 x | 29.9 x | 20 x | 18.7 x | 20.2 x | 18.4 x | 17.2 x |
| Yield | 1.96% | - | 1.67% | 2.51% | - | 2.51% | 2.81% | 3.04% |
| Capitalization / Revenue | 1.97 x | 2.29 x | 2.82 x | 1.57 x | 1.46 x | 1.36 x | 1.24 x | 1.13 x |
| EV / Revenue | 2.13 x | 2.61 x | 2.89 x | 1.64 x | 1.46 x | 1.45 x | 1.33 x | 1.19 x |
| EV / EBITDA | 10.8 x | 19.8 x | 13.6 x | 9.2 x | 8.89 x | 8.62 x | 7.78 x | 6.83 x |
| EV / FCF | 19.2 x | -117 x | 15.4 x | 16.8 x | - | 84.7 x | 34.9 x | 13.3 x |
| FCF Yield | 5.22% | -0.85% | 6.51% | 5.97% | - | 1.18% | 2.87% | 7.5% |
| Price to Book | 6.66 x | 5.77 x | 8.2 x | 5.38 x | - | 4.87 x | 4.33 x | 3.98 x |
| Nbr of stocks (in thousands) | 100,595 | 101,173 | 101,470 | 101,224 | 101,415 | 101,480 | - | - |
| Reference price 2 | 22.92 | 18.37 | 34.16 | 23.46 | 26.02 | 27.00 | 27.00 | 27.00 |
| Announcement Date | 3/3/20 | 3/16/21 | 3/8/22 | 3/7/23 | 3/5/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,168 | 811.3 | 1,230 | 1,513 | 1,810 | 2,010 | 2,201 | 2,416 |
| EBITDA 1 | 231.4 | 106.6 | 260.6 | 269.9 | 296.7 | 338.1 | 376.6 | 419.3 |
| EBIT 1 | 120.7 | -6.2 | 153.2 | 154.4 | 171.7 | 191.1 | 212.7 | 232.7 |
| Operating Margin | 10.33% | -0.76% | 12.46% | 10.21% | 9.49% | 9.51% | 9.66% | 9.63% |
| Earnings before Tax (EBT) 1 | 108.3 | -13.7 | 145.6 | 148.3 | 188.3 | 185.4 | 203 | 221.5 |
| Net income 1 | 87 | -13 | 117.5 | 120.3 | 142.5 | 136.5 | 151.2 | 165.9 |
| Net margin | 7.45% | -1.6% | 9.56% | 7.95% | 7.87% | 6.79% | 6.87% | 6.87% |
| EPS 2 | 0.8500 | -0.1290 | 1.143 | 1.175 | 1.392 | 1.340 | 1.466 | 1.569 |
| Free Cash Flow 1 | 130 | -18 | 231.2 | 148.2 | - | 34.39 | 84.03 | 214.8 |
| FCF margin | 11.13% | -2.22% | 18.8% | 9.8% | - | 1.71% | 3.82% | 8.89% |
| FCF Conversion (EBITDA) | 56.18% | - | 88.72% | 54.91% | - | 10.17% | 22.31% | 51.23% |
| FCF Conversion (Net income) | 149.43% | - | 196.77% | 123.19% | - | 25.19% | 55.57% | 129.47% |
| Dividend per Share 2 | 0.4490 | - | 0.5700 | 0.5900 | - | 0.6768 | 0.7593 | 0.8196 |
| Announcement Date | 3/3/20 | 3/16/21 | 3/8/22 | 3/7/23 | 3/5/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2023 S1 |
|---|---|---|
| Net sales | - | - |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | - | - |
| Net income 1 | -53.8 | 60.3 |
| Net margin | - | - |
| EPS 2 | -0.5340 | 0.5900 |
| Dividend per Share | - | - |
| Announcement Date | 7/28/20 | 8/1/23 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 184 | 255 | 84.6 | 110 | - | 174 | 189 | 125 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.7969 x | 2.391 x | 0.3246 x | 0.4064 x | - | 0.5144 x | 0.5017 x | 0.2978 x |
| Free Cash Flow 1 | 130 | -18 | 231 | 148 | - | 34.4 | 84 | 215 |
| ROE (net income / shareholders' equity) | 27.2% | -3.69% | 31.3% | 27.5% | - | 26% | 25.9% | 26% |
| ROA (Net income/ Total Assets) | - | - | - | 12.9% | - | - | - | - |
| Assets 1 | - | - | - | 931.4 | - | - | - | - |
| Book Value Per Share 2 | 3.440 | 3.180 | 4.170 | 4.360 | - | 5.550 | 6.240 | 6.790 |
| Cash Flow per Share 2 | 2.140 | 0.4300 | 2.780 | 2.460 | - | 3.100 | 3.010 | 4.020 |
| Capex 1 | 89.1 | 61.6 | 54.3 | 103 | - | 243 | 208 | 180 |
| Capex / Sales | 7.63% | 7.59% | 4.42% | 6.83% | - | 12.1% | 9.45% | 7.45% |
| Announcement Date | 3/3/20 | 3/16/21 | 3/8/22 | 3/7/23 | 3/5/24 | - | - | - |
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+
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
27
GBP
Average target price
32.04
GBP
Spread / Average Target
+18.65%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +3.77% | 3.41B | |
| -8.08% | 99.92B | |
| +3.87% | 47.26B | |
| -4.99% | 18.63B | |
| -21.05% | 12.31B | |
| +23.66% | 12.8B | |
| +60.91% | 7.88B | |
| -16.84% | 6.12B | |
| -4.93% | 4.64B | |
| -22.60% | 3.45B |
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