Company Valuation: Bread Financial Holdings, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,314 1,877 1,625 3,036 3,380 3,845 - -
Change - -43.35% -13.45% 86.81% 11.36% 13.73% - -
Enterprise Value (EV) 3,314 5,993 16,947 17,996 18,000 3,845 3,845 3,845
Change - 80.84% 182.76% 6.19% 0.03% -78.64% 0% 0%
P/E 4.16x 8.44x 2.3x 11.1x 6.8x 8.21x 7.31x 6.39x
PBR 1.59x 0.83x 0.56x 0.98x 1.19x 1.16x 1.03x 0.91x
PEG - -0.1x 0x -0.2x 0.1x 0.7x 0.6x 0.4x
Capitalization / Revenue 0.91x 0.49x 0.38x 0.79x 0.88x 0.96x 0.93x 0.89x
EV / Revenue 0x 0x 0x 0x 0x 0.96x 0.93x 0.89x
EV / EBITDA 0x - 0x 0x 0x 3.42x 3.36x 4.73x
EV / EBIT 0x 0x 0x 0x 0x 1.89x 1.83x 1.79x
EV / FCF 0x 0x 0x 0x 0x 1.88x 1.82x -
FCF Yield 44% 94.8% 119% 60.1% 61.2% 53.2% 54.8% -
Dividend per Share 2 0.84 0.84 0.84 0.84 0.86 0.9246 0.9617 1.043
Rate of return 1.26% 2.23% 2.55% 1.38% 1.16% 0.92% 0.96% 1.04%
EPS 2 16.02 4.46 14.34 5.49 10.89 12.19 13.69 15.67
Distribution rate 5.24% 18.8% 5.86% 15.3% 7.9% 7.58% 7.03% 6.66%
Net sales 1 3,655 3,826 4,289 3,838 3,845 4,010 4,155 4,326
EBITDA 1 1,519 - 1,084 1,964 695 1,125 1,143 813.3
EBIT 1 1,427 1,894 2,197 1,874 1,928 2,034 2,106 2,147
Net income 1 801 223 718 277 518 497.8 507.8 535.8
Net Debt - 4,116 15,322 14,960 14,620 - - -
Reference price 2 66.57 37.66 32.94 61.06 74.03 100.07 100.07 100.07
Nbr of stocks (in thousands) 49,785 49,853 49,331 49,715 45,662 38,419 - -
Announcement Date 1/27/22 1/26/23 1/25/24 1/30/25 1/28/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.27x - - 1.24% 206B
11.92x2.38x3.91x1.65% 121B
34.93x4.89x16.75x-.--% 33.1B
22.81x4.96x24.57x0.08% 29.03B
16.31x11.54x21.64x1.22% 23.86B
7.6x1.81x3.4x1.78% 23.34B
26.84x3.57x10.74x-.--% 20.55B
20.68x17.97x42.62x0.18% 14.52B
10.19x13.25x - 1.31% 11.45B
Average 18.73x 7.55x 17.66x 0.83% 53.62B
Weighted average by Cap. 17.31x 5.05x 11.98x 1.13%

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

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