Company Valuation: Bunzl plc

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 8,406 - -
Change - -3.97% 15.59% 1.23% -38.29% 25.64% - -
Enterprise Value (EV) 1 11,475 10,996 12,460 13,208 9,097 10,781 10,837 10,606
Change - -4.17% 13.32% 6% -31.12% 18.51% 0.52% -2.13%
P/E 21.9x 19.6x 20.4x 22.2x 14.7x 17.9x 17x 15.9x
PBR 4.4x 3.42x 3.63x 3.97x 2.42x 2.89x 2.82x 2.65x
PEG - 2.9x 1.9x -4.74x -2.8x 4.95x 3.04x 2.25x
Capitalization / Revenue 0.94x 0.77x 0.91x 0.92x 0.56x 0.69x 0.68x 0.66x
EV / Revenue 1.12x 0.91x 1.06x 1.12x 0.77x 0.89x 0.87x 0.83x
EV / EBITDA 12.4x 10.2x 10.8x 10.9x 7.82x 9.12x 8.97x 8.6x
EV / EBIT 15.2x 12.4x 13.2x 13.5x 9.99x 11.6x 11.4x 10.9x
EV / FCF 16.4x 12.2x 19.4x 20.8x 15.7x 17.4x 16.8x 16.6x
FCF Yield 6.1% 8.23% 5.16% 4.8% 6.36% 5.74% 5.94% 6.04%
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% 3% 3.15% 3.31%
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 26.18 26.18 26.18
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.($)
17.93x0.89x9.12x3% 11.1B
14.14x0.96x15.09x2.68% 108B
15.29x1.18x14.69x2.07% 94.57B
13.53x1.22x18.98x2.89% 86.82B
12.33x1.48x16.06x2.39% 52.13B
12.44x1.15x18.9x2.54% 48.68B
15.33x0.62x9.46x1.82% 42.24B
20.85x1.16x10.7x0.91% 40.68B
61.15x3.36x21.93x0.03% 41.84B
36.95x3.69x20x1.14% 9.19B
Average 22.00x 1.57x 15.49x 1.95% 53.5B
Weighted average by Cap. 18.67x 1.33x 15.81x 2.14%

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