Financials RELX PLC

Equities

REL

GB00B2B0DG97

IT Services & Consulting

Real-time Estimate Cboe Europe 06:57:27 2024-05-21 am EDT 5-day change 1st Jan Change
3,460 GBX -0.16% Intraday chart for RELX PLC +0.52% +11.32%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 36,801 34,512 46,327 43,690 58,515 64,732 - -
Enterprise Value (EV) 1 43,077 41,410 52,381 50,294 58,515 71,040 70,903 71,104
P/E ratio 24.8 x 28.2 x 31.5 x 27 x 33.2 x 32.2 x 29.1 x 26.4 x
Yield 2.4% 2.62% 2.07% 2.39% - 1.82% 1.96% 2.12%
Capitalization / Revenue 4.67 x 4.85 x 6.4 x 5.11 x 6.39 x 6.64 x 6.27 x 5.87 x
EV / Revenue 5.47 x 5.82 x 7.23 x 5.88 x 6.39 x 7.28 x 6.86 x 6.44 x
EV / EBITDA 15 x 16.3 x 19.9 x 16.2 x 16.9 x 18.8 x 17.6 x 16.4 x
EV / FCF 25.2 x 33.6 x 27.5 x 25.6 x - 30.4 x 28.1 x 26 x
FCF Yield 3.97% 2.98% 3.64% 3.91% - 3.29% 3.56% 3.85%
Price to Book 17.2 x 16.5 x 14.3 x 11.6 x - 18.4 x 16.8 x 14.6 x
Nbr of stocks (in thousands) 1,931,309 1,925,354 1,928,681 1,909,549 1,881,510 1,867,634 - -
Reference price 2 19.06 17.92 24.02 22.88 31.10 34.66 34.66 34.66
Announcement Date 2/13/20 2/11/21 2/10/22 2/16/23 2/15/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,874 7,110 7,244 8,553 9,161 9,753 10,329 11,033
EBITDA 1 2,880 2,543 2,637 3,102 3,468 3,784 4,038 4,336
EBIT 1 2,491 2,076 2,210 2,683 3,030 3,251 3,477 3,747
Operating Margin 31.64% 29.2% 30.51% 31.37% 33.07% 33.33% 33.66% 33.96%
Earnings before Tax (EBT) 1 1,847 1,483 1,797 2,113 2,295 2,660 2,896 3,190
Net income 1 1,505 1,224 1,471 1,634 1,781 2,037 2,229 2,447
Net margin 19.11% 17.22% 20.31% 19.1% 19.44% 20.89% 21.57% 22.18%
EPS 2 0.7690 0.6350 0.7630 0.8470 0.9360 1.077 1.189 1.312
Free Cash Flow 1 1,709 1,234 1,908 1,965 - 2,339 2,522 2,739
FCF margin 21.7% 17.36% 26.34% 22.97% - 23.98% 24.42% 24.83%
FCF Conversion (EBITDA) 59.34% 48.53% 72.35% 63.35% - 61.81% 62.46% 63.17%
FCF Conversion (Net income) 113.55% 100.82% 129.71% 120.26% - 114.79% 113.19% 111.96%
Dividend per Share 2 0.4570 0.4700 0.4980 0.5460 - 0.6303 0.6796 0.7343
Announcement Date 2/13/20 2/11/21 2/10/22 2/16/23 2/15/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 S1 2022 S1 2022 Q3 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 3,501 3,609 3,394 3,969 2,292 4,584 4,499 4,662 4,762 4,967
EBITDA - - - - - - - - - -
EBIT 939 - 1,023 1,239 - - 1,486 1,544 - -
Operating Margin 26.82% - 30.14% 31.22% - - 33.03% 33.12% - -
Earnings before Tax (EBT) - - - - - - - - - -
Net income - - - - - - - - - -
Net margin - - - - - - - - - -
EPS - - - - - - - - - -
Dividend per Share 0.1360 - - 0.1570 - - - - - -
Announcement Date 7/23/20 2/11/21 7/29/21 7/28/22 2/23/23 2/16/23 7/27/23 2/15/24 - -
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,276 6,898 6,054 6,604 - 6,307 6,170 6,372
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.179 x 2.713 x 2.296 x 2.129 x - 1.667 x 1.528 x 1.47 x
Free Cash Flow 1 1,709 1,234 1,908 1,965 - 2,339 2,523 2,739
ROE (net income / shareholders' equity) 67% 57.4% 55.2% 42% - 65.4% 67.2% 65.6%
ROA (Net income/ Total Assets) 13% 8.76% 10.5% 9.91% - 13.6% 14.6% 15.6%
Assets 1 11,565 13,967 14,001 16,488 - 15,022 15,277 15,649
Book Value Per Share 2 1.110 1.080 1.680 1.980 - 1.880 2.060 2.380
Cash Flow per Share 2 1.070 0.8200 1.040 1.240 - 1.460 1.620 1.610
Capex 1 380 362 337 436 - 497 528 564
Capex / Sales 4.83% 5.09% 4.65% 5.1% - 5.1% 5.11% 5.11%
Announcement Date 2/13/20 2/11/21 2/10/22 2/16/23 2/15/24 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
34.66 GBP
Average target price
37.61 GBP
Spread / Average Target
+8.52%
Consensus

Quarterly revenue - Rate of surprise

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