Company Valuation: London Stock Exchange Group Plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 38,591 39,525 50,168 59,840 45,551 46,798 - -
Change - 2.42% 26.93% 19.28% -23.88% 2.74% - -
Enterprise Value (EV) 1 44,320 45,187 56,264 66,294 53,149 55,018 53,859 52,653
Change - 1.96% 24.51% 17.83% -19.83% 3.52% -2.11% -2.24%
P/E ratio 12x 30.7x 67.2x 88.2x 37.8x 33.4x 27.6x 21.7x
PBR 1.63x 1.52x 2.11x 2.6x 2.31x 2.34x 2.26x 2.23x
PEG - -0.5x -1.7x -12.06x 0.4x 1.7x 1.3x 0.8x
Capitalization / Revenue 5.67x 5.1x 5.99x 6.76x 4.87x 4.74x 4.44x 4.17x
EV / Revenue 6.51x 5.84x 6.71x 7.48x 5.69x 5.57x 5.11x 4.69x
EV / EBITDA 13.5x 12.7x 14.9x 16x 11.8x 11.2x 10.2x 9.2x
EV / EBIT 17.7x 16.6x 19.7x 20.9x 15.2x 14.3x 12.8x 11.5x
EV / FCF 22.8x 25.5x 30.3x 27.8x 20.2x 21x 18.6x 16.3x
FCF Yield 4.38% 3.92% 3.3% 3.6% 4.96% 4.76% 5.37% 6.13%
Dividend per Share 2 0.95 1.07 1.15 1.3 1.5 1.647 1.853 2.076
Rate of return 1.37% 1.5% 1.24% 1.15% 1.68% 1.74% 1.96% 2.2%
EPS 2 5.781 2.325 1.381 1.28 2.37 2.827 3.429 4.35
Distribution rate 16.4% 46% 83.3% 102% 63.3% 58.3% 54% 47.7%
Net sales 1 6,811 7,743 8,379 8,858 9,346 9,878 10,542 11,230
EBITDA 1 3,283 3,550 3,777 4,148 4,523 4,899 5,294 5,721
EBIT 1 2,509 2,728 2,862 3,165 3,506 3,836 4,193 4,572
Net income 1 3,129 1,302 761 685 1,249 1,341 1,616 1,917
Net Debt 1 5,729 5,662 6,096 6,454 7,598 8,220 7,061 5,855
Reference price 2 69.30 71.36 92.74 112.85 89.52 94.56 94.56 94.56
Nbr of stocks (in thousands) 556,873 553,881 540,950 530,266 508,838 494,903 - -
Announcement Date 3/3/22 3/2/23 2/29/24 2/27/25 2/26/26 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.45x5.57x11.23x1.74% 63.44B
24.18x10.06x14.93x1.31% 91.33B
27.95x16.03x20.55x3.17% 65.96B
21.62x8.05x13.51x1.76% 56.13B
27.77x10.15x17.29x1.34% 50.37B
16.06x8.55x12.1x6.32% 19.61B
32.09x15x23.82x2.1% 17.98B
20.85x8.03x12.91x2.4% 17.51B
26.32x8.64x15.52x1.8% 10.86B
19.65x-4.18x-7.2x1.56% 8.38B
Average 24.99x 8.59x 13.47x 2.35% 40.16B
Weighted average by Cap. 26.13x 9.79x 15.09x 2.1%

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

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