Company Valuation: Ferguson plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2025 2026 2027 2028
Market Cap 1 39,438 26,250 39,258 43,534 42,592 - -
Change - -33.44% 49.56% - -2.16% - -
Enterprise Value (EV) 1 41,904 29,444 42,458 47,105 47,339 47,060 47,218
Change - -29.73% 44.2% - 0.5% -0.59% 0.34%
P/E 26.8x 13.1x 21.2x 21.9x 20x 18.1x 16.1x
PBR 8.39x 5.96x 7.86x 7.41x 6.31x 5.67x 5.12x
PEG - 0.3x -3.6x - 2.46x 1.7x 1.3x
Capitalization / Revenue 1.73x 0.92x 1.32x 1.39x 1.3x 1.22x 1.14x
EV / Revenue 1.84x 1.03x 1.43x 1.5x 1.44x 1.35x 1.26x
EV / EBITDA 18.5x 9.34x 13.7x 14.5x 13.8x 12.7x 11.7x
EV / EBIT 20x 9.98x 14.6x 15.6x 15.1x 13.8x 12.8x
EV / FCF 30.7x 34.3x 18.6x 25.8x 22.5x 21.6x 21.1x
FCF Yield 3.26% 2.92% 5.37% 3.88% 4.45% 4.62% 4.75%
Dividend per Share 2 2.394 2.75 3 3.38 3.63 3.904 4.29
Rate of return 1.33% 2.17% 1.55% 1.52% 1.65% 1.77% 1.95%
EPS 2 6.705 9.69 9.12 10.16 10.99 12.18 13.71
Distribution rate 35.7% 28.4% 32.9% 33.3% 33% 32.1% 31.3%
Net sales 1 22,792 28,566 29,734 31,316 32,866 34,817 37,400
EBITDA 1 2,266 3,153 3,105 3,243 3,429 3,704 4,030
EBIT 1 2,099 2,951 2,917 3,011 3,142 3,405 3,700
Net income 1 1,508 2,122 1,889 2,006 2,115 2,291 2,518
Net Debt 1 2,466 3,194 3,200 3,571 4,747 4,468 4,626
Reference price 2 179.39 126.97 193.07 222.63 220.17 220.17 220.17
Nbr of stocks (in thousands) 219,843 206,739 203,335 195,546 193,453 - -
Announcement Date 9/28/21 9/27/22 9/26/23 2/24/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.9x1.24x12.61x1.24% 7.21B
19.57x0.41x7.29x1.17% 2.66B
49.44x - - - 941M
278.57x0.26x7.6x - 580M
Average 94.87x 0.64x 9.17x 1.21% 2.85B
Weighted average by Cap. 43.04x 0.97x 10.98x 1.22%

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