Company Valuation: Dr. Martens plc

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,520 1,360 844 502.5 603.6 841.3 - -
Change - -46.04% -37.94% -40.47% 20.12% 39.38% - -
Enterprise Value (EV) 1 2,686 1,648 1,202 748.3 816.8 1,038 1,006 976.5
Change - -38.63% -27.11% -37.72% 9.16% 27.07% -3.05% -2.95%
P/E 13.9x 10.5x 12.5x 104x 26x 17.8x 14.3x 12.2x
PBR 7.7x 3.36x 2.35x 1.37x 1.69x 2.16x 1.94x 1.71x
PEG - -0.4x -0.3x -1.1x 0x 0x 0.6x 0.7x
Capitalization / Revenue 2.77x 1.36x 0.96x 0.64x 0.79x 1.07x 1.02x 0.97x
EV / Revenue 2.96x 1.65x 1.37x 0.95x 1.07x 1.32x 1.22x 1.13x
EV / EBITDA 10.2x 6.73x 6.08x 6.4x 5.53x 6.42x 5.63x 5.02x
EV / EBIT 11.7x 9.35x 9.83x 20.2x 10.3x 11.4x 9.5x 8.23x
EV / FCF 20.3x 63.6x 8.61x 4.21x 6.24x 22.6x 17x 15x
FCF Yield 4.92% 1.57% 11.6% 23.7% 16% 4.43% 5.89% 6.66%
Dividend per Share 2 0.055 0.0584 0.0255 0.0255 0.0255 0.025 0.0254 0.0254
Rate of return 2.18% 4.3% 2.91% 4.89% 4.09% 2.84% 2.89% 2.89%
EPS 2 0.181 0.129 0.07 0.005 0.024 0.0494 0.0615 0.072
Distribution rate 30.4% 45.3% 36.4% 510% 106% 50.6% 41.2% 35.3%
Net sales 1 908.3 1,000 877.1 787.6 764.9 783.6 821.8 863.2
EBITDA 1 263 245 197.5 117 147.7 161.6 178.7 194.4
EBIT 1 229.3 176.2 122.2 37 79.3 91.06 105.9 118.6
Net income 1 181.2 128.9 69.2 4.5 23.8 48.53 60.18 70.35
Net Debt 1 165.8 288.3 357.5 245.8 213.2 196.7 165 135.2
Reference price 2 2.5200 1.3590 0.8775 0.5210 0.6240 0.8790 0.8790 0.8790
Nbr of stocks (in thousands) 1,000,111 1,000,770 961,879 964,499 967,344 957,113 - -
Announcement Date 6/1/22 6/1/23 5/30/24 6/5/25 5/19/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.37x1.85x7.96x-.--% 12.68B
18.96x2.98x9.76x-.--% 7B
10.08x1.76x7.22x-.--% 6.32B
12.07x1.38x6.64x5.53% 5.96B
12.81x0.33x4.48x5.74% 2.81B
7.4x - - - 2.33B
12.94x1.06x9.51x1.91% 1.73B
12x1.62x7.53x4.24% 1.45B
13.79x1.05x7.33x4.69% 1.31B
Average 12.49x 1.50x 7.55x 2.76% 4.62B
Weighted average by Cap. 12.90x 1.79x 7.74x 1.65%

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