Company Valuation: Forterra plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 627.2 386.2 364.4 341.2 390 281.3 - -
Change - -38.43% -5.63% -6.37% 14.31% -27.88% - -
Enterprise Value (EV) 1 602.8 410.1 481.8 447 465.6 353.8 338.8 319.8
Change - -31.98% 17.5% -7.23% 4.17% -24.02% -4.22% -5.61%
P/E 14x 6.86x 28.5x 19.5x 23.2x 12.4x 10.8x 9.06x
PBR 2.68x 1.83x 1.81x 1.52x 1.68x 1.23x 1.16x 1.09x
PEG - 0.2x -0.4x 0.6x -6.42x 0.3x 0.7x 0.5x
Capitalization / Revenue 1.69x 0.85x 1.05x 0.99x 1.01x 0.75x 0.71x 0.66x
EV / Revenue 1.63x 0.9x 1.39x 1.3x 1.21x 0.94x 0.86x 0.75x
EV / EBITDA 8.56x 4.6x 8.29x 8.6x 7.56x 6.15x 5.3x 4.35x
EV / EBIT 11.2x 5.64x 12.6x 14.3x 11.1x 9.51x 7.96x 6.22x
EV / FCF 17.1x 9.13x -10.6x 16.9x 8.69x 12.9x 10.8x 8.83x
FCF Yield 5.84% 10.9% -9.4% 5.91% 11.5% 7.76% 9.29% 11.3%
Dividend per Share 2 0.099 0.146 0.044 0.03 0.062 0.0547 0.0692 0.0838
Rate of return 3.59% 7.82% 2.49% 1.85% 3.34% 3.99% 5.05% 6.12%
EPS 2 0.197 0.272 0.062 0.083 0.08 0.1103 0.1263 0.1512
Distribution rate 50.3% 53.7% 71% 36.1% 77.5% 49.6% 54.8% 55.5%
Net sales 1 370.4 455.5 346.4 344.3 386 375.4 395.8 424.7
EBITDA 1 70.4 89.2 58.1 52 61.6 57.52 63.99 73.6
EBIT 1 54 72.7 38.1 31.2 42 37.2 42.55 51.4
Net income 1 45.5 58.8 12.8 17.5 17 23.12 26.43 31.98
Net Debt 1 -24.4 23.9 117.4 105.8 75.6 72.51 57.57 38.56
Reference price 2 2.760 1.866 1.768 1.620 1.854 1.370 1.370 1.370
Nbr of stocks (in thousands) 227,258 206,948 206,112 210,614 210,370 205,306 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.42x0.94x6.15x3.99% 373M
17.73x2.1x10.04x1.49% 70.29B
42.33x11.83x26.5x1.01% 41.05B
32.07x5.14x16.88x0.71% 38.28B
41.09x4.03x21.35x0.69% 35.45B
30.61x5.49x16.11x0.6% 34.78B
12.82x1.54x7.05x2.36% 33.09B
20.29x2.63x10.01x1.19% 29.26B
504.75x5.52x129.93x0.32% 22.41B
11.79x1.3x6.56x0.82% 17.65B
Average 72.59x 4.05x 25.06x 1.32% 32.26B
Weighted average by Cap. 59.74x 4.46x 22.67x 1.1%

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

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  4. Valuation Forterra plc