Company Valuation: Land Securities Group Plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 5,110 5,816 4,606 4,883 4,086 4,323 - -
Change - 13.8% -20.79% 6% -16.31% 5.79% - -
Enterprise Value (EV) 1 8,626 9,976 7,954 8,477 8,601 8,696 8,710 8,774
Change - 15.64% -20.26% 6.57% 1.47% 1.11% 0.16% 0.73%
P/E ratio -3.67x 6.71x -7.43x -15.3x 10.3x 12.5x 7.94x 7.06x
PBR 0.71x 0.74x 0.67x 0.77x 0.63x 0.66x 0.62x 0.59x
PEG - -0x 0x 0.3x -0x -1x 0.1x 0.6x
Capitalization / Revenue 8.93x 9.92x 7.12x 7.62x 6.55x 6.51x 6.33x 5.99x
EV / Revenue 15.1x 17x 12.3x 13.2x 13.8x 13.1x 12.8x 12.2x
EV / EBITDA 26.5x 23.4x 16.7x 17.9x 18x 17.2x 16.6x 15.5x
EV / EBIT 28.5x 24x 17.1x 18.3x 18.4x 17.1x 16.5x 15.3x
EV / FCF 15.8x 64.4x 6.34x 62.3x -71.1x 33.4x 26.1x 30.7x
FCF Yield 6.34% 1.55% 15.8% 1.6% -1.41% 2.99% 3.83% 3.26%
Dividend per Share 2 0.27 0.37 0.386 0.396 0.404 0.4124 0.4193 0.4448
Rate of return 3.91% 4.71% 6.21% 6.02% 7.35% 7.1% 7.22% 7.66%
EPS 2 -1.882 1.171 -0.836 -0.43 0.533 0.4645 0.7322 0.8225
Distribution rate -14.3% 31.6% -46.2% -92.1% 75.8% 88.8% 57.3% 54.1%
Net sales 1 572 586 647 641 624 664.3 682.7 721.3
EBITDA 1 325 426 477 473 479 504.6 525.3 567.4
EBIT 1 303 416 466 462 468 507.4 527.8 572.9
Net income 1 -1,393 869 -619 -319 396 371.9 562 608.3
Net Debt 1 3,516 4,160 3,348 3,594 4,515 4,373 4,387 4,451
Reference price 2 6.901 7.856 6.212 6.582 5.500 5.810 5.810 5.810
Nbr of stocks (in thousands) 740,516 740,263 741,542 741,837 742,942 744,042 - -
Announcement Date 5/18/21 5/17/22 5/16/23 5/17/24 5/16/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.51x13.09x17.23x7.1% 5.82B
28.48x13.35x15.86x5.2% 15.71B
24.45x14.91x16.35x3.92% 6.84B
13.71x14.67x15.3x5.26% 6.31B
8.05x16.67x20.22x7.98% 6.14B
10.66x15.34x16.58x6.55% 6.02B
7.12x14.08x18.02x6.06% 5.12B
12.36x11.29x12.82x5.54% 4.84B
25.96x17.87x27.15x4.11% 4.74B
Average 15.92x 14.59x 17.73x 5.75% 6.84B
Weighted average by Cap. 17.99x 14.41x 17.30x 5.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Equities
  3. LAND Stock
  4. Valuation Land Securities Group Plc