TRITAX BIG BOX REIT PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 149.6 GBX | +1.70% |
|
+2.12% | -11.43% |
| Apr. 03 | Barclays Lifts Tritax Big Box REIT PT, Keeps at Overweight | MT |
| Apr. 03 | Barclays lifts Segro to 'overweight' | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,540 | 2,886 | 4,651 | 2,590 | 3,215 | 2,848 | - | - |
| Enterprise Value (EV) 1 | 3,666 | 4,172 | 5,925 | 4,168 | 3,215 | 4,537 | 4,529 | 4,645 |
| P/E ratio | 17.8 x | 6.38 x | 4.5 x | -4.32 x | 45.4 x | 15.1 x | - | - |
| Yield | 4.6% | 3.81% | 2.69% | 5.05% | - | 5.14% | 5.46% | 5.94% |
| Capitalization / Revenue | 17.6 x | 17.9 x | 25.2 x | 12.6 x | 14.5 x | 12.2 x | 11.4 x | 10.2 x |
| EV / Revenue | 25.4 x | 25.8 x | 32.1 x | 20.2 x | 14.5 x | 19.5 x | 18.2 x | 16.7 x |
| EV / EBITDA | 28.9 x | 27.4 x | 32.3 x | 22.6 x | 16.6 x | 21.6 x | 20.2 x | 18.9 x |
| EV / FCF | -19 x | -29.5 x | -49 x | -38.7 x | - | -224 x | -326 x | 258 x |
| FCF Yield | -5.27% | -3.39% | -2.04% | -2.59% | - | -0.45% | -0.31% | 0.39% |
| Price to Book | - | - | 1.14 x | 0.77 x | - | 0.79 x | 0.73 x | - |
| Nbr of stocks (in thousands) | 1,706,975 | 1,719,142 | 1,867,781 | 1,868,827 | 1,903,738 | 1,903,738 | - | - |
| Reference price 2 | 1.488 | 1.679 | 2.490 | 1.386 | 1.689 | 1.496 | 1.496 | 1.496 |
| Announcement Date | 3/17/20 | 3/10/21 | 3/3/22 | 3/2/23 | 3/1/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 144.3 | 161.5 | 184.6 | 206 | 222.1 | 232.6 | 249.2 | 278.3 |
| EBITDA 1 | 126.7 | 152 | 183.4 | 184.8 | 193.2 | 209.6 | 223.7 | 246.1 |
| EBIT 1 | 126.7 | 147.5 | 178 | 183.1 | 193.2 | 204.7 | 219 | 248 |
| Operating Margin | 87.8% | 91.33% | 96.42% | 88.88% | 86.99% | 87.99% | 87.89% | 89.13% |
| Earnings before Tax (EBT) 1 | 141.2 | 449.5 | 971.1 | -601 | 70.6 | 423.5 | 349.5 | 367.4 |
| Net income 1 | 141.2 | 449.4 | 972.6 | -599.4 | 70 | 398.2 | 374.9 | 404 |
| Net margin | 97.85% | 278.27% | 526.87% | -290.97% | 31.52% | 171.17% | 150.46% | 145.19% |
| EPS 2 | 0.0838 | 0.2630 | 0.5531 | -0.3208 | 0.0372 | 0.0993 | - | - |
| Free Cash Flow 1 | -193.3 | -141.4 | -120.8 | -107.8 | - | -20.21 | -13.91 | 18 |
| FCF margin | -133.96% | -87.55% | -65.44% | -52.33% | - | -8.69% | -5.58% | 6.47% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | 7.31% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | 4.46% |
| Dividend per Share 2 | 0.0685 | 0.0640 | 0.0670 | 0.0700 | - | 0.0769 | 0.0817 | 0.0889 |
| Announcement Date | 3/17/20 | 3/10/21 | 3/3/22 | 3/2/23 | 3/1/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | 104.5 | 109.3 | 112.8 | 119.6 | 126 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - |
| Dividend per Share | 0.0312 | 0.0320 | 0.0335 | - | - | - | - | - |
| Announcement Date | 8/6/20 | 8/5/21 | 8/4/22 | 3/2/23 | 8/3/23 | 3/1/24 | - | - |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,126 | 1,285 | 1,274 | 1,578 | - | 1,689 | 1,681 | 1,797 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 8.89 x | 8.456 x | 6.947 x | 8.541 x | - | 8.059 x | 7.516 x | 7.303 x |
| Free Cash Flow 1 | -193 | -141 | -121 | -108 | - | -20.2 | -13.9 | 18 |
| ROE (net income / shareholders' equity) | - | - | 27.8% | 3.92% | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | 2.58% | 2.71% | - | - | - | - |
| Assets 1 | - | - | 37,651 | -22,125 | - | - | - | - |
| Book Value Per Share 2 | - | - | 2.180 | 1.790 | - | 1.900 | 2.040 | - |
| Cash Flow per Share 2 | - | - | - | - | - | 0.0900 | 0.0900 | 0.1000 |
| Capex 1 | 287 | 279 | 317 | 287 | - | 249 | 236 | 240 |
| Capex / Sales | 198.61% | 172.76% | 171.67% | 139.22% | - | 106.93% | 94.72% | 86.25% |
| Announcement Date | 3/17/20 | 3/10/21 | 3/3/22 | 3/2/23 | 3/1/24 | - | - | - |
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
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
1.496
GBP
Average target price
1.796
GBP
Spread / Average Target
+20.02%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -11.43% | 3.55B | |
| -21.94% | 96.34B | |
| +21.78% | 38.16B | |
| -22.99% | 9.39B | |
| -15.05% | 7.49B | |
| -26.53% | 6.32B | |
| -12.18% | 6.27B | |
| -12.66% | 6.09B | |
| -13.12% | 5.8B | |
| -11.75% | 5.48B |
- Stock Market
- Equities
- BBOX Stock
- Financials Tritax Big Box REIT plc
