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 8,933 - -
Change - -3.97% 15.59% 1.23% -38.29% 33.51% - -
Enterprise Value (EV) 1 11,475 10,996 12,460 13,208 9,097 11,105 10,883 10,645
Change - -4.17% 13.32% 6% -31.12% 22.07% -2% -2.19%
P/E 21.9x 19.6x 20.4x 22.2x 14.7x 19.3x 18.4x 17.3x
PBR 4.4x 3.42x 3.63x 3.97x 2.42x 2.96x 2.74x 2.58x
PEG - 2.9x 1.9x -4.74x -2.8x 7.82x 3.8x 2.69x
Capitalization / Revenue 0.94x 0.77x 0.91x 0.92x 0.56x 0.73x 0.71x 0.7x
EV / Revenue 1.12x 0.91x 1.06x 1.12x 0.77x 0.91x 0.87x 0.83x
EV / EBITDA 12.4x 10.2x 10.8x 10.9x 7.82x 9.51x 9.08x 8.6x
EV / EBIT 15.2x 12.4x 13.2x 13.5x 9.99x 12x 11.4x 10.9x
EV / FCF 16.4x 12.2x 19.4x 20.8x 15.7x 18.3x 17.4x 16.5x
FCF Yield 6.1% 8.23% 5.16% 4.8% 6.36% 5.46% 5.75% 6.06%
Dividend per Share 2 0.57 0.627 0.683 0.739 0.741 0.7775 0.8101 0.8484
Rate of return 1.98% 2.27% 2.14% 2.24% 3.57% 2.79% 2.91% 3.05%
EPS 2 1.318 1.407 1.56 1.487 1.409 1.444 1.514 1.611
Distribution rate 43.2% 44.6% 43.8% 49.7% 52.6% 53.9% 53.5% 52.7%
Net sales 1 10,285 12,040 11,797 11,776 11,845 12,230 12,510 12,798
EBITDA 1 924 1,075 1,151 1,212 1,164 1,167 1,198 1,238
EBIT 1 752.8 885.9 944.2 976.1 910.3 927.2 954 979.3
Net income 1 442.8 474.4 526.2 500.4 459.2 465.1 485.8 523.4
Net Debt 1 1,826 1,730 1,750 2,366 2,406 2,172 1,950 1,713
Reference price 2 28.85 27.59 31.90 32.96 20.76 27.82 27.82 27.82
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.($)
14.55x1x10.74x2.6% 109B
15x1.16x14.4x2.11% 92.4B
14.21x1.25x16.7x2.78% 87.67B
12.64x1.51x16.82x2.29% 52.06B
13.07x1.21x19.38x2.44% 50.12B
22.33x1.26x11.69x0.86% 43.45B
65.05x3.53x23.08x0.03% 44.72B
16.29x0.63x9.66x1.72% 44.44B
19.27x0.91x9.51x2.79% 12.14B
Average 21.38x 1.38x 14.66x 1.96% 59.55B
Weighted average by Cap. 19.34x 1.34x 14.73x 2.08%

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