Company Valuation: Bunzl

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,649 9,266 10,710 10,842 6,691 8,522 - -
Change - -3.97% 15.59% 1.23% -38.29% 27.37% - -
Enterprise Value (EV) 1 11,475 10,996 12,460 13,208 9,097 10,897 10,953 10,722
Change - -4.17% 13.32% 6% -31.12% 19.78% 0.52% -2.11%
P/E 21.9x 19.6x 20.4x 22.2x 14.7x 18.2x 17.2x 16.1x
PBR 4.4x 3.42x 3.63x 3.97x 2.42x 2.93x 2.86x 2.69x
PEG - 2.9x 1.9x -4.74x -2.8x 5.03x 3.07x 2.27x
Capitalization / Revenue 0.94x 0.77x 0.91x 0.92x 0.56x 0.7x 0.69x 0.67x
EV / Revenue 1.12x 0.91x 1.06x 1.12x 0.77x 0.9x 0.88x 0.84x
EV / EBITDA 12.4x 10.2x 10.8x 10.9x 7.82x 9.22x 9.07x 8.7x
EV / EBIT 15.2x 12.4x 13.2x 13.5x 9.99x 11.7x 11.5x 11x
EV / FCF 16.4x 12.2x 19.4x 20.8x 15.7x 17.6x 17x 16.7x
FCF Yield 6.1% 8.23% 5.16% 4.8% 6.36% 5.67% 5.88% 5.98%
Dividend per Share 2 0.57 0.627 0.683 0.739 0.741 0.7847 0.8235 0.8653
Rate of return 1.98% 2.27% 2.14% 2.24% 3.57% 2.96% 3.1% 3.26%
EPS 2 1.318 1.407 1.56 1.487 1.409 1.46 1.542 1.651
Distribution rate 43.2% 44.6% 43.8% 49.7% 52.6% 53.7% 53.4% 52.4%
Net sales 1 10,285 12,040 11,797 11,776 11,845 12,166 12,419 12,710
EBITDA 1 924 1,075 1,151 1,212 1,164 1,182 1,208 1,233
EBIT 1 752.8 885.9 944.2 976.1 910.3 933.3 951.6 974
Net income 1 442.8 474.4 526.2 500.4 459.2 465.6 478.5 507.3
Net Debt 1 1,826 1,730 1,750 2,366 2,406 2,375 2,431 2,200
Reference price 2 28.85 27.59 31.90 32.96 20.76 26.54 26.54 26.54
Nbr of stocks (in thousands) 334,442 335,835 335,749 328,953 322,290 321,093 - -
Announcement Date 2/28/22 2/27/23 2/26/24 3/3/25 3/2/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.69x0.99x15.55x2.58% 112B
15.77x1.21x15.07x2.01% 97.73B
14.07x1.26x19.54x2.78% 90.43B
12.71x1.51x16.41x2.32% 53.83B
12.76x1.17x19.27x2.48% 50.01B
15.94x0.64x9.78x1.75% 44.02B
20.88x1.16x10.69x0.91% 40.61B
58.29x3.23x21.08x0.04% 39.87B
18.18x0.9x9.22x2.96% 11.3B
Average 20.37x 1.34x 15.18x 1.98% 59.99B
Weighted average by Cap. 18.27x 1.29x 16.00x 2.1%

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