Financials Petershill Partners PLC

Equities

PHLL

GB00BL9ZF303

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 11:35:14 2024-04-26 am EDT			5-day change	1st Jan Change
208 ^GBX	+1.71%		+10.99%	+22.64%

Apr. 23	FTSE 100 gains pared after hitting record high	AN
Apr. 23	Petershill Partners Plans $100 Million Tender Offer for Own Shares	MT

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,175	1,919	1,903	2,329	-	-
Enterprise Value (EV) ¹	3,798	2,239	2,102	2,642	2,677	2,696
P/E ratio	5.59 x	-5.3 x	7.56 x	3.92 x	3.5 x	3.16 x
Yield	0.76%	6.95%	7%	6.15%	6.48%	7.16%
Capitalization / Revenue	11.2 x	6.4 x	8.24 x	8.09 x	6.81 x	6.08 x
EV / Revenue	13.3 x	7.47 x	9.1 x	9.18 x	7.83 x	7.04 x
EV / EBITDA	13 x	8.22 x	9.34 x	10.2 x	9.15 x	7.8 x
EV / FCF	-7.99 x	40.9 x	6.43 x	18.6 x	14.5 x	12.6 x
FCF Yield	-12.5%	2.45%	15.6%	5.37%	6.88%	7.93%
Price to Book	0.75 x	0.5 x	0.5 x	0.56 x	0.51 x	0.46 x
Nbr of stocks (in thousands)	1,156,696	1,135,400	1,122,324	1,119,579	-	-
Reference price ²	2.745	1.690	1.696	2.080	2.080	2.080
Announcement Date	4/20/22	3/28/23	3/26/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	284.7	299.9	231	287.7	341.9	383.1
EBITDA ¹	292.7	272.5	225	258.3	292.5	345.7
EBIT ¹	292.7	272.5	225	255.6	301	339.4
Operating Margin	102.83%	90.84%	97.36%	88.85%	88.03%	88.58%
Earnings before Tax (EBT) ¹	199.6	-411.7	314.1	524.4	585.3	648.1
Net income ¹	190	-366.9	254	573.3	633.9	675.8
Net margin	66.73%	-122.34%	109.93%	199.27%	185.39%	176.4%
EPS ²	0.4914	-0.3189	0.2245	0.5310	0.5940	0.6580
Free Cash Flow ¹	-475.5	54.77	327	141.9	184.1	213.7
FCF margin	-167.05%	18.26%	141.55%	49.33%	53.85%	55.77%
FCF Conversion (EBITDA)	-	20.1%	145.38%	54.94%	62.94%	61.81%
FCF Conversion (Net income)	-	-	128.77%	24.75%	29.05%	31.61%
Dividend per Share ²	0.0208	0.1175	0.1188	0.1279	0.1347	0.1489
Announcement Date	4/20/22	3/28/23	3/26/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1
Net sales ¹	150.6
EBITDA	-
EBIT ¹	134.8
Operating Margin	89.51%
Earnings before Tax (EBT)	-
Net income ¹	-316.8
Net margin	-210.32%
EPS	-
Dividend per Share ²	0.0307
Announcement Date	9/21/22

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	623	320	199	314	348	367
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.129 x	1.176 x	0.8832 x	1.214 x	1.189 x	1.061 x
Free Cash Flow ¹	-476	54.8	327	142	184	214
ROE (net income / shareholders' equity)	4.68%	5.44%	4.18%	4.81%	5.39%	5.81%
ROA (Net income/ Total Assets)	3.7%	4.39%	3.5%	3.94%	4.67%	4.67%
Assets ¹	5,137	-8,362	7,259	14,566	13,565	14,466
Book Value Per Share ²	3.660	3.370	3.410	3.740	4.110	4.540
Cash Flow per Share ²	-0.2300	0.1500	0.4300	0.2000	0.2100	0.2700
Capex ¹	-	121	162	122	122	-
Capex / Sales	-	40.44%	69.99%	42.27%	35.57%	-
Announcement Date	4/20/22	3/28/23	3/26/24	-	-	-

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

Ratings for Petershill Partners PLC

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.08 GBP

Average target price

2.291 GBP

Spread / Average Target

+10.14%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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