Projected Income Statement: Aviva plc

Forecast Balance Sheet: Aviva plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 - - - - 2,717 -705 -770 -894
Change - - - - - -125.95% -9.22% -16.1%
Announcement Date 3/2/22 3/9/23 3/7/24 2/27/25 3/5/26 - - -
1GBP in Million
Estimates

Cash Flow Forecast: Aviva plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 86 - 350 50 93 449 468 487
Change - - - -85.71% 86% 382.8% 4.23% 4.06%
Free Cash Flow (FCF) 1 -2,944 15,867 1,455 - - 1,512 1,644 1,774
Change - 638.96% -90.83% - - - 8.73% 7.91%
Announcement Date 3/2/22 3/9/23 3/7/24 2/27/25 3/5/26 - - -
1GBP in Million
Estimates

Forecast Financial Ratios: Aviva plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) - - - - - - - -
EBIT Margin (%) 5.99% 7.79% 5.18% 5.02% 5.91% 6.46% 6.69% 6.85%
EBT Margin (%) 5.04% -4.66% 4.5% 2.82% 4.08% 5.32% 5.71% 5.93%
Net margin (%) 4.26% -3.37% 2.89% 1.52% 2.05% 3.65% 4.06% 4.27%
FCF margin (%) -6.37% 46.06% 3.88% - - 3.61% 3.77% 3.91%
FCF / Net Income (%) -149.75% -1,367.84% 134.1% - - 99.03% 93.04% 91.64%

Profitability

        
ROA 0.3% 0.55% 0.34% 0.2% 0.25% 0.2% 0.2% 0.2%
ROE 6.53% 11.76% 11.31% 7.77% 9.73% 16.83% 17.74% 18.15%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 0.19% - 0.93% 0.11% 0.21% 1.07% 1.07% 1.07%
CAPEX / EBITDA (%) - - - - - - - -
CAPEX / FCF (%) -2.92% - 24.05% - - 29.7% 28.47% 27.45%

Items per share

        
Cash flow per share 1 -0.967 5.081 -0.9838 3.109 - - - -
Change - 625.45% -119.36% 416.06% - - - -
Dividend per Share 1 0.2901 0.31 0.334 0.357 0.393 0.417 0.4479 0.4794
Change - 6.85% 7.74% 6.89% 10.08% 6.12% 7.39% 7.04%
Book Value Per Share 1 6.497 4.026 3.389 3.101 3.494 3.312 3.465 3.669
Change - -38.03% -15.83% -8.49% 12.68% -5.22% 4.62% 5.89%
EPS 1 0.6592 -0.382 0.372 0.236 0.269 0.5269 0.6248 0.7029
Change - -157.95% 197.38% -36.56% 13.98% 95.86% 18.59% 12.49%
Nbr of stocks (in thousands) 2,858,603 2,798,521 2,719,498 2,656,456 3,039,060 2,991,047 2,991,047 2,991,047
Announcement Date 3/2/22 3/9/23 3/7/24 2/27/25 3/5/26 - - -
1GBP
Estimates
2026 *2027 *
P/E 12.8x 10.8x
PBR 2.03x 1.94x
EV / Sales 0.46x 0.44x
Yield 6.2% 6.66%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
6.726GBP
Average target price
6.959GBP
Spread / Average Target
+3.46%

Annual profits - Rate of surprise