Financials British Land Company PLC BOERSE MUENCHEN

Equities

BLD

GB0001367019

Diversified REITs

Real-time BOERSE MUENCHEN 10:13:42 2024-07-04 EDT 5-day change 1st Jan Change
4.872 EUR +0.04% Intraday chart for British Land Company PLC -0.16% +3.95%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 3,115 4,678 4,916 3,595 3,665 3,817 - -
Enterprise Value (EV) 1 6,424 6,927 8,374 6,816 3,665 7,195 7,460 7,550
P/E ratio -3.06 x -4.54 x 5.15 x -3.46 x -3,952 x 9.49 x 7.54 x 6.38 x
Yield 4.75% 2.98% 4.13% 5.84% - 5.52% 5.74% 5.95%
Capitalization / Revenue 5.56 x 9.21 x 10 x 7.29 x 7.7 x 7.99 x 7.25 x 7.13 x
EV / Revenue 11.5 x 13.6 x 17.1 x 13.8 x 7.7 x 15.1 x 14.2 x 14.1 x
EV / EBITDA 15.4 x 22.8 x 23.7 x 20.5 x 11 x 19.4 x 18.7 x 18.1 x
EV / FCF 55.4 x -301 x -598 x 220 x - -85.7 x 40.8 x -
FCF Yield 1.81% -0.33% -0.17% 0.45% - -1.17% 2.45% -
Price to Book 0.44 x 0.79 x 0.74 x 0.66 x - 0.69 x 0.66 x 0.62 x
Nbr of stocks (in thousands) 926,664 926,708 926,843 927,061 927,490 927,858 - -
Reference price 2 3.362 5.048 5.304 3.878 3.952 4.114 4.114 4.114
Announcement Date 5/27/20 5/26/21 5/18/22 5/17/23 5/22/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 560 508 490 493 476 477.6 526.8 535.2
EBITDA 1 417 304 353 332 332 371.6 399.2 418.1
EBIT 1 417 304 353 325 324 358.6 401.2 422.7
Operating Margin 74.46% 59.84% 72.04% 65.92% 68.07% 75.09% 76.17% 78.99%
Earnings before Tax (EBT) 1 -1,116 -1,053 958 -1,034 15 479.7 404.8 318.6
Net income 1 -1,027 -1,031 958 -1,038 -1 539.2 607.3 582
Net margin -183.39% -202.95% 195.51% -210.55% -0.21% 112.89% 115.29% 108.74%
EPS 2 -1.100 -1.112 1.030 -1.120 -0.001000 0.4335 0.5454 0.6453
Free Cash Flow 1 116 -23 -14 31 - -84 183 -
FCF margin 20.71% -4.53% -2.86% 6.29% - -17.59% 34.74% -
FCF Conversion (EBITDA) 27.82% - - 9.34% - - 45.84% -
FCF Conversion (Net income) - - - - - - 30.13% -
Dividend per Share 2 0.1597 0.1504 0.2192 0.2264 - 0.2271 0.2363 0.2448
Announcement Date 5/27/20 5/26/21 5/18/22 5/17/23 5/22/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S2 2021 S1 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 285 - - - - - - - - -
EBITDA - - - - - - - - - -
EBIT 1 - - - 182 168 157 163 161 160.4 158.2
Operating Margin - - - - - - - - - -
Earnings before Tax (EBT) - -757 - - - - - - - -
Net income - -730 - - - - - - - -
Net margin - - - - - - - - - -
EPS - -0.7870 - - - - - - - -
Dividend per Share - 0.0840 0.1032 - 0.1160 - 0.1216 - - -
Announcement Date 5/27/20 11/18/20 11/17/21 5/18/22 11/16/22 5/17/23 11/13/23 5/22/24 - -
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 3,309 2,249 3,458 3,221 - 3,377 3,643 3,732
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.935 x 7.398 x 9.796 x 9.702 x - 9.089 x 9.126 x 8.928 x
Free Cash Flow 1 116 -23 -14 31 - -84 183 -
ROE (net income / shareholders' equity) 3.95% 2.7% 4.03% 4.29% - 4.81% 5.35% 4.77%
ROA (Net income/ Total Assets) 2.6% -10.2% 2.72% 2.89% - 2.39% 3.96% 5.49%
Assets 1 -39,439 10,060 35,159 -35,916 - 22,532 15,325 10,610
Book Value Per Share 2 7.590 6.390 7.160 5.870 - 5.930 6.200 6.670
Cash Flow per Share 2 0.4000 0.1600 0.2600 0.2600 - 0.2800 0.2600 0.2800
Capex 1 259 172 259 209 - 381 313 212
Capex / Sales 46.25% 33.86% 52.86% 42.39% - 79.77% 59.4% 39.62%
Announcement Date 5/27/20 5/26/21 5/18/22 5/17/23 5/22/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
4.114 GBP
Average target price
4.446 GBP
Spread / Average Target
+8.06%
Consensus

Annual profits - Rate of surprise

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