Company Valuation: Forterra plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 627.2 386.2 364.4 341.2 390 284.8 - -
Change - -38.43% -5.63% -6.37% 14.31% -26.99% - -
Enterprise Value (EV) 1 602.8 410.1 481.8 447 465.6 369.1 355.3 336.4
Change - -31.98% 17.5% -7.23% 4.17% -20.73% -3.75% -5.31%
P/E 14x 6.86x 28.5x 19.5x 23.2x 13.8x 11.3x 9.36x
PBR 2.68x 1.83x 1.81x 1.52x 1.68x 1.31x 1.24x 1.16x
PEG - 0.2x -0.4x 0.6x -6.42x 0.5x 0.5x 0.4x
Capitalization / Revenue 1.69x 0.85x 1.05x 0.99x 1.01x 0.81x 0.77x 0.72x
EV / Revenue 1.63x 0.9x 1.39x 1.3x 1.21x 1.05x 0.96x 0.85x
EV / EBITDA 8.56x 4.6x 8.29x 8.6x 7.56x 6.72x 5.88x 4.85x
EV / EBIT 11.2x 5.64x 12.6x 14.3x 11.1x 10.9x 9.11x 7.09x
EV / FCF 17.1x 9.13x -10.6x 16.9x 8.69x 18.9x 11.8x 9.91x
FCF Yield 5.84% 10.9% -9.4% 5.91% 11.5% 5.29% 8.45% 10.1%
Dividend per Share 2 0.099 0.146 0.044 0.03 0.062 0.0503 0.0608 0.0761
Rate of return 3.59% 7.82% 2.49% 1.85% 3.34% 3.62% 4.38% 5.48%
EPS 2 0.197 0.272 0.062 0.083 0.08 0.1006 0.1224 0.1483
Distribution rate 50.3% 53.7% 71% 36.1% 77.5% 50% 49.6% 51.3%
Net sales 1 370.4 455.5 346.4 344.3 386 353.2 371.3 396.6
EBITDA 1 70.4 89.2 58.1 52 61.6 54.9 60.45 69.33
EBIT 1 54 72.7 38.1 31.2 42 34 39.02 47.43
Net income 1 45.5 58.8 12.8 17.5 17 20.04 24.78 30.52
Net Debt 1 -24.4 23.9 117.4 105.8 75.6 84.35 70.52 51.65
Reference price 2 2.760 1.866 1.768 1.620 1.854 1.388 1.388 1.388
Nbr of stocks (in thousands) 227,258 206,948 206,112 210,614 210,370 205,168 - -
Announcement Date 3/10/22 3/9/23 3/26/24 3/12/25 3/11/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.13x1.81x8.71x1.78% 58.57B
32.1x5.97x17.57x0.69% 35.46B
32.96x3.41x17.51x0.94% 33.85B
27.59x4.37x14.58x0.84% 32.12B
11.7x1.41x6.53x2.63% 29.56B
23.31x7.26x14.26x2.03% 26.93B
71.56x4.46x69.12x0.32% 22.19B
15.89x1.99x7.99x1.38% 21.2B
10.63x1.15x5.64x0.97% 14.89B
Average 26.76x 3.54x 17.99x 1.29% 30.53B
Weighted average by Cap. 25.78x 3.53x 16.59x 1.35%

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