Company Valuation: Greggs plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,342 2,387 2,673 2,801 1,708 1,858 - -
Change - -28.59% 12% 4.77% -39.02% 8.77% - -
Enterprise Value (EV) 1 3,427 2,497 2,798 3,091 2,112 2,272 2,258 2,238
Change - -27.15% 12.06% 10.48% -31.67% 7.6% -0.62% -0.93%
P/E 28.8x 20.1x 18.9x 18.4x 14.1x 14.6x 14.1x 13.1x
PBR 7.9x 5.41x 5.08x 4.96x - 2.7x 2.49x 2.31x
PEG - 7.18x 1x 2.46x -0.7x 3.3x 3.69x 1.69x
Capitalization / Revenue 2.72x 1.58x 1.48x 1.39x 0.79x 0.81x 0.76x 0.71x
EV / Revenue 2.79x 1.65x 1.55x 1.53x 0.98x 0.99x 0.93x 0.86x
EV / EBITDA 13.2x 9.25x 9.43x 9.22x 6.07x 6.11x 5.73x 5.25x
EV / EBIT 22.4x 16.2x 16.3x 15.8x 11.3x 11.8x 11.3x 10.4x
EV / FCF 14.8x 16.8x 24.8x 44.2x 40.9x 19.2x 16.8x 14.4x
FCF Yield 6.75% 5.94% 4.03% 2.26% 2.44% 5.22% 5.95% 6.96%
Dividend per Share 2 0.57 0.59 0.62 0.69 0.69 0.6927 0.6976 0.7273
Rate of return 1.73% 2.5% 2.35% 2.5% 4.1% 3.8% 3.83% 3.99%
EPS 2 1.143 1.175 1.392 1.496 1.193 1.246 1.293 1.393
Distribution rate 49.9% 50.2% 44.5% 46.1% 57.8% 55.6% 53.9% 52.2%
Net sales 1 1,230 1,513 1,810 2,014 2,151 2,298 2,440 2,601
EBITDA 1 260.6 269.9 296.7 335.3 348.1 372.1 394.4 426.4
EBIT 1 153.2 154.4 171.7 195.3 187.5 192.4 199.2 215.7
Net income 1 117.5 120.3 142.5 153.4 122.2 127.4 132.3 141.8
Net Debt 1 84.6 109.7 124.3 289.8 404 414.8 400.8 379.9
Reference price 2 32.94 23.58 26.36 27.60 16.83 18.22 18.22 18.22
Nbr of stocks (in thousands) 101,470 101,224 101,415 101,480 101,480 101,955 - -
Announcement Date 3/8/22 3/7/23 3/5/24 3/4/25 3/3/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.63x0.99x6.11x3.8% 2.52B
47.1x3.73x24.27x2.34% 123B
24.23x1.22x12.03x2.3% 54.51B
20.01x2.02x12.2x2.88% 25.58B
33.22x1.37x12.03x0.74% 11.16B
11.71x1.66x7.46x0.88% 10.96B
32.16x0.48x9.03x2.91% 9.59B
136.44x5.57x43.95x-.--% 8.69B
40.65x2.87x15.88x0.35% 8.37B
12.2x1.05x6.07x7.11% 8.11B
Average 37.23x 2.10x 14.90x 2.33% 26.22B
Weighted average by Cap. 38.45x 2.66x 18.41x 2.3%

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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