Company Valuation: Halma plc

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 9,507 8,420 8,931 9,748 14,357 13,158 - -
Change - -11.44% 6.08% 9.14% 47.28% -8.35% - -
Enterprise Value (EV) 1 9,782 9,016 9,585 10,284 15,126 13,832 13,561 13,246
Change - -7.83% 6.3% 7.29% 47.09% -8.55% -1.96% -2.32%
P/E 38.9x 35.9x 33.4x 33x 38.7x 29.7x 26.7x 23.9x
PBR 6.77x 5.27x 5.15x 5.13x 6.62x 5.31x 4.57x 3.97x
PEG - -9.27x 2.3x 3.3x 1.5x 1.5x 2.4x 2x
Capitalization / Revenue 6.23x 4.54x 4.39x 4.34x 5.56x 4.43x 4.05x 3.75x
EV / Revenue 6.41x 4.87x 4.71x 4.57x 5.86x 4.65x 4.17x 3.77x
EV / EBITDA 26.2x 20.9x 19.8x 18.6x 22.9x 18.2x 16.4x 14.6x
EV / EBIT 30.1x 23.8x 22.6x 21.1x 25.5x 20x 18.1x 16.1x
EV / FCF 46.4x 42.4x 28.6x 23.7x 36.8x 31.8x 27.7x 24.1x
FCF Yield 2.15% 2.36% 3.5% 4.22% 2.71% 3.14% 3.61% 4.15%
Dividend per Share 2 0.1888 0.202 0.2161 0.2312 0.2474 0.2648 0.2862 0.3118
Rate of return 0.75% 0.91% 0.91% 0.9% 0.65% 0.76% 0.82% 0.9%
EPS 2 0.6454 0.6204 0.7096 0.7814 0.9817 1.174 1.307 1.46
Distribution rate 29.3% 32.6% 30.5% 29.6% 25.2% 22.6% 21.9% 21.4%
Net sales 1 1,525 1,853 2,034 2,248 2,582 2,972 3,250 3,513
EBITDA 1 373.8 431.7 483.1 552.8 661.5 759.2 828.4 905.9
EBIT 1 324.7 378.2 424.3 486.6 593.4 692.1 750.9 820.7
Net income 1 244.4 288.4 268.8 296.4 372.3 449.8 500.4 555.7
Net Debt 1 274.8 596.7 653.2 535.8 769.1 673.8 403 87.92
Reference price 2 25.10 22.29 23.68 25.81 38.02 34.84 34.84 34.84
Nbr of stocks (in thousands) 378,775 377,732 377,174 377,683 377,614 377,678 - -
Announcement Date 6/16/22 6/15/23 6/13/24 6/12/25 6/11/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.12x12.12x22.13x0.81% 123B
44.09x7.41x31.97x1.66% 49.69B
27.87x1.29x14.67x-.--% 42.36B
21.58x1.84x9.05x1.39% 35.92B
30.74x2.21x14.75x1.49% 31.05B
29.35x4.48x17.88x-.--% 28.47B
10.77x6.04x16.71x1.38% 26.63B
24.98x3.16x13.24x-.--% 17.51B
29.67x4.65x18.22x0.76% 17.42B
Average 28.13x 4.80x 17.62x 0.83% 41.3B
Weighted average by Cap. 30.57x 6.64x 19.40x 0.88%

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