Company Valuation: Whitbread PLC

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 5,939 6,287 6,414 4,751 4,379 3,978 - -
Change - 5.86% 2.02% -25.92% -7.84% -9.16% - -
Enterprise Value (EV) 1 9,500 10,074 10,810 9,468 9,611 9,171 9,149 9,136
Change - 6.04% 7.31% -12.41% 1.51% -4.58% -0.24% -0.14%
P/E 141x 22.7x 21.8x 19.3x 21.4x 13.3x 12.1x 11.1x
PBR 1.44x 1.53x 1.83x 1.43x 1.4x 1.23x 1.19x 1.15x
PEG - 0x 1.3x -1.6x -1.7x 0.3x 1.29x 1.28x
Capitalization / Revenue 3.49x 2.39x 2.17x 1.63x 1.5x 1.37x 1.32x 1.26x
EV / Revenue 5.58x 3.84x 3.65x 3.24x 3.29x 3.15x 3.05x 2.9x
EV / EBITDA 19.8x 11.3x 10.2x 9.19x 8.95x 8.78x 8.24x 7.73x
EV / EBIT 62x 18.5x 16x 15x 14.8x 15.3x 14.1x 13x
EV / FCF 33.1x 31.7x 27.2x 33.4x 128x 23.7x 27.2x 23.3x
FCF Yield 3.02% 3.16% 3.68% 2.99% 0.78% 4.23% 3.68% 4.29%
Dividend per Share 2 0.347 0.742 0.97 0.97 0.97 0.9318 0.9873 1.073
Rate of return 1.18% 2.38% 2.78% 3.58% 3.7% 3.92% 4.15% 4.51%
EPS 2 0.209 1.375 1.599 1.406 1.224 1.796 1.964 2.135
Distribution rate 166% 54% 60.7% 69% 79.2% 51.9% 50.3% 50.3%
Net sales 1 1,703 2,625 2,960 2,922 2,920 2,914 3,004 3,151
EBITDA 1 480.2 888 1,057 1,030 1,074 1,044 1,110 1,182
EBIT 1 153.3 543.5 674.2 629.6 648.9 601.3 650.1 702.7
Net income 1 42.5 278.8 312.1 253.7 212.9 306 332.2 355.1
Net Debt 1 3,561 3,787 4,397 4,717 5,232 5,193 5,171 5,158
Reference price 2 29.46 31.15 34.92 27.07 26.20 23.80 23.80 23.80
Nbr of stocks (in thousands) 201,600 201,828 183,667 175,524 167,142 167,142 - -
Announcement Date 4/28/22 4/25/23 4/30/24 5/1/25 4/30/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.47x3.14x8.94x4.59% 14.08B
13.25x3.15x8.78x3.92% 5.38B
16.19x5.35x10.65x2.41% 5.33B
15.59x2.15x8.89x2.86% 4.72B
19.04x3.94x10.04x1.15% 4.49B
17.96x1.75x7.57x3.38% 2.88B
17.49x1.28x7.78x1.99% 2.46B
Average 16.71x 2.97x 8.95x 2.9% 5.62B
Weighted average by Cap. 16.71x 3.20x 9.10x 3.35%

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