Cash flow Bunzl plc

Equities

BNZL

GB00B0744B38

Diversified Industrial Goods Wholesale

Market Closed - London S.E. Other stock markets 11:35:15 2026-02-11 EST			5-day change	1st Jan Change
2,146.00 ^GBX	-0.92%		+4.68%	+3.37%

02-06	Oddo BHF cuts Wizz Air and Ryanair	AN
01-21	Stocks rally as Trump calms Greenland rhetoric	AN

3f919a75e282031a22b457384.GDrG394CEbwmhvJ7yI9eydOg_CYY2_jo6JGBnTmWD0M.L2KEsPNnZ_sX84sIgs4cq5jVxWhouoyiucniyGbjbTd1b76uvTB_-Uyrpw

Published financial data: BUNZL PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	10.11B	10.29B	12.04B	11.8B	11.78B
Total Revenues	10.11B	10.29B	12.04B	11.8B	11.78B
Cost of Goods Sold, Total	7.53B	7.76B	9.02B	8.61B	8.38B
Gross Profit	2.58B	2.52B	3.02B	3.19B	3.39B
Selling General & Admin Expenses, Total	944M	942M	1.09B	1.15B	1.22B
Provision for Bad Debts	15.9M	-4.7M	3.7M	2.6M	1M
Depreciation & Amortization - (IS)	161M	163M	181M	198M	224M
Amortization of Goodwill and Intangible Assets - (IS)	111M	115M	137M	145M	160M
Other Operating Expenses	675M	663M	856M	880M	963M
Other Operating Expenses, Total	1.91B	1.88B	2.27B	2.38B	2.57B
Operating Income	678M	645M	758M	810M	824M
Interest Expense, Total	-70M	-62.8M	-77.8M	-140M	-171M
Interest And Investment Income	8M	9.2M	19.7M	56.3M	68.4M
Net Interest Expenses	-62M	-53.6M	-58.1M	-83.2M	-102M
Currency Exchange Gains (Loss)	-500K	-100K	0	-600K	-700K
Other Non Operating Income (Expenses)	400K	-200K	-10.2M	-1.7M	-1.1M
EBT, Excl. Unusual Items	616M	591M	689M	725M	720M
Restructuring Charges	-	-	-	-	-5.9M
Merger & Related Restructuring Charges	-42.7M	-23M	-55.9M	-19.5M	-31.7M
Gain (Loss) On Sale Of Assets	-800K	900K	1.3M	600K	-8M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-16.8M	-	-	-7.2M	-400K
EBT, Incl. Unusual Items	556M	569M	635M	699M	674M
Income Tax Expense	126M	126M	160M	172M	173M
Earnings From Continuing Operations	430M	443M	474M	526M	501M
Net Income to Company	430M	443M	474M	526M	501M
Minority Interest	-	-	-	-	-600K
Net Income - (IS)	430M	443M	474M	526M	500M
Net Income to Common Incl Extra Items	430M	443M	474M	526M	500M
Net Income to Common Excl. Extra Items	430M	443M	474M	526M	500M
Per Share Items
Net EPS - Basic	1.29	1.33	1.42	1.57	1.5
Basic EPS - Continuing Operations	1.29	1.33	1.42	1.57	1.5
Basic Weighted Average Shares Outstanding	334M	334M	335M	335M	334M
Net EPS - Diluted	1.28	1.32	1.41	1.56	1.49
Diluted EPS - Continuing Operations	1.28	1.32	1.41	1.56	1.49
Diluted Weighted Average Shares Outstanding	335M	336M	337M	337M	336M
Normalized Basic EPS	1.15	1.11	1.29	1.35	1.34
Normalized Diluted EPS	1.15	1.1	1.28	1.34	1.33
Dividend Per Share	0.54	0.57	0.63	0.68	0.74
Payout Ratio	39.88	40.74	40.16	39.85	45.68
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	805M	779M	916M	978M	1.01B
EBITA	778M	751M	886M	946M	972M
EBIT	678M	645M	758M	810M	824M
EBITDAR	813M	785M	921M	982M	1.01B
Effective Tax Rate - (Ratio)	22.62	22.14	25.24	24.68	25.62
Total Current Taxes	149M	139M	164M	192M	189M
Total Deferred Taxes	-22.9M	-12.9M	-3.3M	-19.7M	-16.3M
Normalized Net Income	385M	369M	431M	453M	449M
Interest on Long-Term Debt	22.5M	20.3M	22M	28.6M	38.5M
Non-Cash Pension Expense	1.1M	1.5M	100K	-2.2M	-5.6M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	1.4M	1.8M
Net Rental Expense, Total	8M	6.2M	5.2M	4.6M	5M
Imputed Operating Lease Interest Expense	1.77M	1.17M	1.11M	1.61M	1.96M
Imputed Operating Lease Depreciation	6.23M	5.03M	4.09M	2.99M	3.04M
Stock-Based Comp., SG&A Exp. (Total)	14.9M	12.7M	14.1M	15.4M	-
Stock-Based Comp., Other (Total)	-	-	-	-	17.2M
Total Stock-Based Compensation	14.9M	12.7M	14.1M	15.4M	17.2M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	944M	777M	1.5B	1.43B	1.43B
Trading Asset Securities, Total	12.6M	-	-	-	-
Total Cash And Short Term Investments	957M	777M	1.5B	1.43B	1.43B
Accounts Receivable, Total	1.14B	1.17B	1.27B	1.29B	1.28B
Other Receivables	168M	179M	216M	216M	270M
Total Receivables	1.31B	1.35B	1.48B	1.5B	1.55B
Inventory	1.43B	1.47B	1.75B	1.62B	1.76B
Prepaid Expenses	96.1M	86.8M	87.9M	84.4M	92.4M
Other Current Assets, Total	-	14.9M	19M	11.7M	43.7M
Total Current Assets	3.79B	3.7B	4.84B	4.65B	4.88B
Gross Property Plant And Equipment	814M	818M	947M	1.06B	1.19B
Accumulated Depreciation	-238M	-249M	-280M	-280M	-279M
Net Property Plant And Equipment	576M	569M	667M	776M	911M
Goodwill	1.49B	1.7B	1.93B	2.01B	2.29B
Other Intangibles, Total	947M	1.07B	1.16B	1.23B	1.4B
Deferred Tax Assets Long-Term	2.5M	2.8M	4M	14.2M	14.1M
Other Long-Term Assets, Total	17.4M	70.5M	60.5M	69.1M	35.8M
Total Assets	6.83B	7.11B	8.67B	8.75B	9.53B
Liabilities
Accounts Payable, Total	1.08B	1.22B	1.44B	1.29B	1.39B
Accrued Expenses, Total	520M	482M	553M	525M	538M
Short-term Borrowings	515M	552M	826M	874M	988M
Current Portion of Long-Term Debt	79.9M	112M	161M	130M	619M
Current Portion of Leases	129M	129M	146M	152M	180M
Current Income Taxes Payable	75.7M	42.1M	40.6M	47M	63.7M
Unearned Revenue Current, Total	-	-	10.4M	7.1M	10.4M
Other Current Liabilities	268M	241M	288M	285M	343M
Total Current Liabilities	2.67B	2.77B	3.47B	3.31B	4.14B
Long-Term Debt	1.62B	1.46B	1.67B	1.5B	1.44B
Long-Term Leases	368M	360M	424M	512M	574M
Pension & Other Post Retirement Benefits	45.2M	32.4M	20.6M	19.6M	16M
Deferred Tax Liability Non Current	105M	151M	193M	190M	263M
Other Non Current Liabilities	108M	131M	169M	252M	305M
Total Liabilities	4.91B	4.91B	5.95B	5.78B	6.74B
Common Stock, Total	108M	108M	108M	109M	106M
Additional Paid In Capital	188M	194M	199M	205M	212M
Retained Earnings	1.87B	2.2B	2.53B	2.88B	2.83B
Treasury Stock	-73.4M	-52.9M	-63.4M	-70.9M	-63.3M
Comprehensive Income and Other	-177M	-250M	-56.5M	-154M	-300M
Total Common Equity	1.92B	2.2B	2.72B	2.97B	2.79B
Minority Interest	-	-	-	-	3.3M
Total Equity	1.92B	2.2B	2.72B	2.97B	2.79B
Total Liabilities And Equity	6.83B	7.11B	8.67B	8.75B	9.53B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	334M	336M	335M	336M	329M
ECS Total Common Shares Outstanding	334M	336M	335M	336M	329M
Book Value / Share	5.75	6.57	8.11	8.83	8.47
Tangible Book Value	-523M	-563M	-373M	-276M	-896M
Tangible Book Value Per Share	-1.57	-1.68	-1.11	-0.82	-2.72
Total Debt	2.71B	2.61B	3.23B	3.16B	3.81B
Net Debt	1.75B	1.84B	1.73B	1.74B	2.37B
Debt Equivalent of Unfunded Proj. Benefit Obligation	44.8M	-31.2M	-39.9M	-49.4M	-19.8M
Debt Equivalent Oper. Leases	64M	49.6M	41.6M	36.8M	40M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	3.3M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	1.56B	1.65B	1.93B	1.78B	1.9B
Land - (BS)	93.9M	91.5M	98.9M	104M	135M
Machinery, Total	267M	278M	319M	335M	358M
Full Time Employees	19.85K	21.02K	22.45K	24.53K	26.98K
Accumulated Allowance for Doubtful Accounts (Supple)	35.2M	27.4M	29.1M	34.5M	39.6M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	430M	443M	474M	526M	500M
Depreciation & Amortization - CF	161M	163M	181M	198M	224M
Amortization of Goodwill and Intangible Assets - (CF)	100M	106M	128M	136M	148M
Depreciation & Amortization, Total	262M	269M	309M	333M	372M
Amortization of Deferred Charges, Total - (CF)	10.3M	8.4M	8.8M	9.4M	11.9M
(Gain) Loss From Sale Of Asset	-	-	-900K	-	20.3M
(Gain) Loss on Sale of Investments - (CF)	-15.4M	33.1M	79.2M	-21.8M	4.1M
Stock-Based Compensation (CF)	14.9M	12.7M	14.1M	15.4M	17.2M
Other Operating Activities, Total	83.6M	-35.3M	12.4M	69.8M	81.9M
Change In Accounts Receivable	-81M	-10.7M	-13M	-9.9M	700K
Change In Inventories	-192M	-32.9M	-119M	108M	-94.3M
Change In Accounts Payable	278M	45.7M	186M	-127M	-3.5M
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	790M	733M	952M	904M	911M
Capital Expenditure	-24.4M	-24.8M	-34.7M	-42.8M	-40.3M
Sale of Property, Plant, and Equipment	1.2M	2.7M	1M	2.1M	17.2M
Cash Acquisitions	-363M	-437M	-244M	-338M	-636M
Divestitures	-	-	49.9M	-	2.9M
Sale (Purchase) of Intangible assets	-8.7M	-7.9M	-12M	-15.5M	-14.1M
Other Investing Activities, Total	15.1M	8.7M	16.2M	54.4M	61.4M
Cash from Investing	-380M	-458M	-223M	-340M	-609M
Long-Term Debt Issued, Total	444M	14.5M	346M	-	562M
Total Debt Issued	444M	14.5M	346M	-	562M
Long-Term Debt Repaid, Total	-271M	-274M	-285M	-319M	-311M
Total Debt Repaid	-271M	-274M	-285M	-319M	-311M
Issuance of Common Stock	40.7M	53.7M	42.1M	52.7M	60.7M
Repurchase of Common Stock	-49.1M	-34.2M	-74M	-76.4M	-323M
Common Dividends Paid	-172M	-180M	-190M	-210M	-229M
Common & Preferred Stock Dividends Paid	-172M	-180M	-190M	-210M	-229M
Other Financing Activities, Total	-116M	-38.8M	-170M	-115M	-141M
Cash from Financing	-122M	-459M	-331M	-667M	-381M
Foreign Exchange Rate Adjustments	900K	-20.8M	55.4M	-23.8M	-27.6M
Net Change in Cash	289M	-204M	453M	-126M	-107M
Supplemental Items
Cash Interest Paid	79.1M	63.8M	83.9M	136M	165M
Cash Income Tax Paid (Refund)	154M	181M	174M	189M	180M
Levered Free Cash Flow	587M	566M	651M	658M	717M
Unlevered Free Cash Flow	631M	606M	699M	746M	824M
Change In Net Working Capital	47.1M	55.1M	59.5M	60.6M	37.6M
Net Debt Issued / Repaid	174M	-259M	61.5M	-319M	251M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.65	5.78	6	5.82	5.63
Return on Total Capital	9.72	8.53	8.79	8.38	8.09
Return On Equity %	23.48	21.48	19.27	18.5	17.4
Return on Common Equity	23.48	21.48	19.27	18.5	17.39
Margin Analysis
Gross Profit Margin %	25.56	24.53	25.12	27.02	28.81
SG&A Margin	9.33	9.16	9.05	9.77	10.37
EBITDA Margin %	7.96	7.58	7.6	8.29	8.58
EBITA Margin %	7.7	7.3	7.36	8.02	8.25
EBIT Margin %	6.71	6.27	6.29	6.87	7
Income From Continuing Operations Margin %	4.25	4.31	3.94	4.46	4.25
Net Income Margin %	4.25	4.31	3.94	4.46	4.25
Net Avail. For Common Margin %	4.25	4.31	3.94	4.46	4.25
Normalized Net Income Margin	3.81	3.59	3.58	3.84	3.81
Levered Free Cash Flow Margin	5.8	5.51	5.4	5.58	6.09
Unlevered Free Cash Flow Margin	6.24	5.89	5.81	6.32	7
Asset Turnover
Asset Turnover	1.59	1.48	1.53	1.35	1.29
Fixed Assets Turnover	17.94	17.96	19.48	16.36	13.96
Receivables Turnover (Average Receivables)	9.37	8.9	9.87	9.24	9.16
Inventory Turnover (Average Inventory)	5.77	5.34	5.59	5.11	4.96
Short Term Liquidity
Current Ratio	1.42	1.34	1.4	1.4	1.18
Quick Ratio	0.85	0.77	0.86	0.88	0.72
Operating Cash Flow to Current Liabilities	0.3	0.26	0.27	0.27	0.22
Days Sales Outstanding (Average Receivables)	39.06	41.01	36.98	39.5	39.96
Days Outstanding Inventory (Average Inventory)	63.45	68.33	65.24	71.43	73.82
Average Days Payable Outstanding	50.52	53.71	52.21	58.76	57.6
Cash Conversion Cycle (Average Days)	51.98	55.62	50.01	52.17	56.18
Long Term Solvency
Total Debt/Equity	141.11	118.6	118.76	106.68	136.37
Total Debt / Total Capital	58.52	54.25	54.29	51.62	57.69
LT Debt/Equity	103.4	82.64	77.13	67.7	72.32
Long-Term Debt / Total Capital	42.89	37.8	35.26	32.76	30.6
Total Liabilities / Total Assets	71.9	69.02	68.61	66.09	70.71
EBIT / Interest Expense	9.69	10.27	9.74	5.81	4.82
EBITDA / Interest Expense	13.43	14.55	13.71	8.2	7
(EBITDA - Capex) / Interest Expense	13.08	14.16	13.26	7.89	6.77
Total Debt / EBITDA	2.88	2.86	3.03	2.77	3.18
Net Debt / EBITDA	1.86	2.01	1.62	1.52	1.98
Total Debt / (EBITDA - Capex)	2.96	2.94	3.13	2.87	3.29
Net Debt / (EBITDA - Capex)	1.91	2.07	1.67	1.58	2.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.41	1.72	17.06	-2.01	-0.18
Gross Profit, 1 Yr. Growth %	12.7	-2.41	19.9	5.4	6.42
EBITDA, 1 Yr. Growth %	19.81	-3.22	17.49	6.77	3.27
EBITA, 1 Yr. Growth %	20.23	-3.51	17.93	6.76	2.74
EBIT, 1 Yr. Growth %	25.53	-4.93	17.5	6.96	1.63
Earnings From Cont. Operations, 1 Yr. Growth %	23.14	2.98	7.14	10.92	-4.79
Net Income, 1 Yr. Growth %	23.14	2.98	7.14	10.92	-4.9
Normalized Net Income, 1 Yr. Growth %	32.13	-4.09	16.66	3.54	-0.89
Diluted EPS Before Extra, 1 Yr. Growth %	22.78	2.73	6.75	10.87	-4.68
Accounts Receivable, 1 Yr. Growth %	11.55	3.1	7.9	1.68	-0.22
Inventory, 1 Yr. Growth %	21.66	2.92	18.63	-7.29	8.62
Net Property, Plant and Equip., 1 Yr. Growth %	4.52	-1.2	17.15	16.33	17.43
Total Assets, 1 Yr. Growth %	15.36	4.17	21.83	0.93	8.94
Tangible Book Value, 1 Yr. Growth %	-4.35	7.67	-33.74	-26.06	225.02
Common Equity, 1 Yr. Growth %	10.02	14.84	23.46	9.02	-6.03
Cash From Operations, 1 Yr. Growth %	18.06	-7.23	29.8	-5	0.76
Capital Expenditures, 1 Yr. Growth %	-9.96	1.64	39.92	23.34	-5.84
Levered Free Cash Flow, 1 Yr. Growth %	12.32	-3.51	14.89	1.21	8.91
Unlevered Free Cash Flow, 1 Yr. Growth %	9.53	-3.98	15.47	6.64	10.49
Dividend Per Share, 1 Yr. Growth %	5.46	5.36	10	8.93	8.2
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.53	5.01	9.12	7.1	-1.1
Gross Profit, 2 Yr. CAGR %	7.72	4.88	8.17	12.42	5.91
EBITDA, 2 Yr. CAGR %	12.53	7.68	6.64	12	5.03
EBITA, 2 Yr. CAGR %	12.85	7.71	6.68	12.21	4.75
EBIT, 2 Yr. CAGR %	16.43	9.24	5.69	12.1	4.28
Earnings From Cont. Operations, 2 Yr. CAGR %	14.76	12.61	5.04	9.01	2.77
Net Income, 2 Yr. CAGR %	14.76	12.61	5.04	9.01	2.7
Normalized Net Income, 2 Yr. CAGR %	17.46	12.57	5.77	10.75	1.33
Diluted EPS Before Extra, 2 Yr. CAGR %	14.54	12.31	4.72	8.79	2.8
Accounts Receivable, 2 Yr. CAGR %	2.5	7.24	5.47	4.75	0.73
Inventory, 2 Yr. CAGR %	8.63	11.9	10.5	4.87	0.35
Net Property, Plant and Equip., 2 Yr. CAGR %	116.95	1.62	7.58	16.74	16.88
Total Assets, 2 Yr. CAGR %	10.87	9.62	12.65	10.89	4.86
Tangible Book Value, 2 Yr. CAGR %	-12.83	1.48	-15.53	-30	55.02
Common Equity, 2 Yr. CAGR %	6.42	12.4	19.07	16.01	1.21
Cash From Operations, 2 Yr. CAGR %	28.31	4.66	9.74	11.05	-2.16
Capital Expenditures, 2 Yr. CAGR %	5.55	-4.34	19.25	31.37	7.77
Levered Free Cash Flow, 2 Yr. CAGR %	32.73	4.11	5.29	7.83	5.01
Unlevered Free Cash Flow, 2 Yr. CAGR %	29.95	2.56	5.3	10.97	8.57
Dividend Per Share, 2 Yr. CAGR %	3.81	5.41	7.66	9.46	8.56
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.62	4.24	8.88	5.28	4.62
Gross Profit, 3 Yr. CAGR %	7.33	4.23	9.66	7.24	10.38
EBITDA, 3 Yr. CAGR %	9.61	7.01	10.86	6.68	9.03
EBITA, 3 Yr. CAGR %	9.84	7.11	11.02	6.7	8.97
EBIT, 3 Yr. CAGR %	11.37	8.83	11.93	6.11	8.51
Earnings From Cont. Operations, 3 Yr. CAGR %	11.46	10.69	10.75	6.96	4.2
Net Income, 3 Yr. CAGR %	11.46	10.69	10.75	6.96	4.16
Normalized Net Income, 3 Yr. CAGR %	11.32	9.78	13.92	5.57	6.75
Diluted EPS Before Extra, 3 Yr. CAGR %	11.12	10.46	10.42	6.73	4.1
Accounts Receivable, 3 Yr. CAGR %	3.39	2.7	7.46	4.19	3.06
Inventory, 3 Yr. CAGR %	10.38	6.69	14.1	4.22	6.11
Net Property, Plant and Equip., 3 Yr. CAGR %	66.33	66.91	6.55	10.42	16.97
Total Assets, 3 Yr. CAGR %	9.58	8.59	13.55	8.6	10.23
Tangible Book Value, 3 Yr. CAGR %	-16.66	-6.47	-11.96	-19.2	16.78
Common Equity, 3 Yr. CAGR %	9.83	9.16	15.97	15.62	8.14
Cash From Operations, 3 Yr. CAGR %	18.44	15.16	12.45	4.59	7.51
Capital Expenditures, 3 Yr. CAGR %	-2.47	4.23	8.59	20.6	17.57
Levered Free Cash Flow, 3 Yr. CAGR %	19.24	19.35	7.59	3.91	8.2
Unlevered Free Cash Flow, 3 Yr. CAGR %	18.46	17.48	6.69	5.75	10.82
Dividend Per Share, 3 Yr. CAGR %	5.56	4.33	6.92	8.08	9.04
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.27	6.72	7.01	5.38	4.77
Gross Profit, 5 Yr. CAGR %	10.59	6.88	7.67	7.43	8.15
EBITDA, 5 Yr. CAGR %	11.27	7.4	8.41	8.98	8.49
EBITA, 5 Yr. CAGR %	11.54	7.48	8.56	9.12	8.47
EBIT, 5 Yr. CAGR %	12.03	7.82	9.06	10.13	8.81
Earnings From Cont. Operations, 5 Yr. CAGR %	13.07	10.74	8.85	10.02	7.49
Net Income, 5 Yr. CAGR %	13.07	10.74	8.85	10.02	7.46
Normalized Net Income, 5 Yr. CAGR %	12.44	8.27	9.07	10.17	9.04
Diluted EPS Before Extra, 5 Yr. CAGR %	12.82	10.58	8.52	9.79	7.31
Accounts Receivable, 5 Yr. CAGR %	8.64	4.58	4.22	3.51	4.72
Inventory, 5 Yr. CAGR %	12.52	8.93	10.43	5.96	8.39
Net Property, Plant and Equip., 5 Yr. CAGR %	38.61	35.79	39.73	44.67	10.57
Total Assets, 5 Yr. CAGR %	12.31	9.56	10.8	9.5	9.99
Tangible Book Value, 5 Yr. CAGR %	-3.66	-2.38	-16.21	-16.71	10.4
Common Equity, 5 Yr. CAGR %	13.56	10.92	13.44	11.85	9.83
Cash From Operations, 5 Yr. CAGR %	19.1	12.52	14.88	13.5	6.36
Capital Expenditures, 5 Yr. CAGR %	4.8	6.5	5.7	14.34	8.26
Levered Free Cash Flow, 5 Yr. CAGR %	23.14	27.58	13.45	14.6	6.55
Unlevered Free Cash Flow, 5 Yr. CAGR %	21.78	24.88	13.01	14.83	7.44
Dividend Per Share, 5 Yr. CAGR %	7.32	6.3	6.39	6.35	7.57