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 8,804 - -
Change - -3.97% 15.59% 1.23% -38.29% 31.59% - -
Enterprise Value (EV) 1 11,475 10,996 12,460 13,208 9,097 10,967 10,824 10,517
Change - -4.17% 13.32% 6% -31.12% 20.55% -1.3% -2.84%
P/E 21.9x 19.6x 20.4x 22.2x 14.7x 18.9x 18x 16.9x
PBR 4.4x 3.42x 3.63x 3.97x 2.42x 2.99x 2.83x 2.61x
PEG - 2.9x 1.9x -4.74x -2.8x 6.2x 3.67x 2.49x
Capitalization / Revenue 0.94x 0.77x 0.91x 0.92x 0.56x 0.72x 0.71x 0.69x
EV / Revenue 1.12x 0.91x 1.06x 1.12x 0.77x 0.9x 0.87x 0.82x
EV / EBITDA 12.4x 10.2x 10.8x 10.9x 7.82x 9.38x 9.03x 8.6x
EV / EBIT 15.2x 12.4x 13.2x 13.5x 9.99x 11.8x 11.3x 10.7x
EV / FCF 16.4x 12.2x 19.4x 20.8x 15.7x 17.3x 16.8x 16.3x
FCF Yield 6.1% 8.23% 5.16% 4.8% 6.36% 5.77% 5.97% 6.14%
Dividend per Share 2 0.57 0.627 0.683 0.739 0.741 0.7794 0.816 0.8543
Rate of return 1.98% 2.27% 2.14% 2.24% 3.57% 2.84% 2.98% 3.12%
EPS 2 1.318 1.407 1.56 1.487 1.409 1.452 1.523 1.627
Distribution rate 43.2% 44.6% 43.8% 49.7% 52.6% 53.7% 53.6% 52.5%
Net sales 1 10,285 12,040 11,797 11,776 11,845 12,208 12,482 12,801
EBITDA 1 924 1,075 1,151 1,212 1,164 1,169 1,198 1,222
EBIT 1 752.8 885.9 944.2 976.1 910.3 929.5 955 980.4
Net income 1 442.8 474.4 526.2 500.4 459.2 478.6 498.9 538.7
Net Debt 1 1,826 1,730 1,750 2,366 2,406 2,162 2,020 1,713
Reference price 2 28.85 27.59 31.90 32.96 20.76 27.42 27.42 27.42
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.($)
19.34x0.91x9.54x2.78% 12.15B
14.75x1.03x11.09x2.56% 110B
15.02x1.16x14.41x2.11% 92.27B
14.45x1.27x16.9x2.73% 88.88B
12.94x1.53x17.1x2.24% 53.14B
13.12x1.22x19.44x2.43% 50.18B
60.23x3.32x21.65x0.03% 41.56B
16.13x0.63x9.58x1.73% 43.89B
22.39x1.26x11.72x0.86% 43.96B
36.64x3.68x19.93x1.16% 9.53B
Average 22.50x 1.60x 15.14x 1.86% 54.57B
Weighted average by Cap. 19.10x 1.36x 14.80x 2.05%

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