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 13,083 - -
Change - -11.44% 6.08% 9.14% 47.28% -8.87% - -
Enterprise Value (EV) 1 9,782 9,016 9,585 10,284 15,126 13,790 13,523 13,199
Change - -7.83% 6.3% 7.29% 47.09% -8.83% -1.94% -2.39%
P/E 38.9x 35.9x 33.4x 33x 38.7x 29.3x 26.5x 23.8x
PBR 6.77x 5.27x 5.15x 5.13x 6.62x 5.28x 4.54x 3.94x
PEG - -9.27x 2.3x 3.3x 1.5x 1.4x 2.4x 2.1x
Capitalization / Revenue 6.23x 4.54x 4.39x 4.34x 5.56x 4.4x 4.02x 3.72x
EV / Revenue 6.41x 4.87x 4.71x 4.57x 5.86x 4.64x 4.16x 3.75x
EV / EBITDA 26.2x 20.9x 19.8x 18.6x 22.9x 18.1x 16.3x 14.5x
EV / EBIT 30.1x 23.8x 22.6x 21.1x 25.5x 19.9x 18x 16x
EV / FCF 46.4x 42.4x 28.6x 23.7x 36.8x 31.7x 27.6x 24x
FCF Yield 2.15% 2.36% 3.5% 4.22% 2.71% 3.15% 3.62% 4.17%
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% 0.83% 0.9%
EPS 2 0.6454 0.6204 0.7096 0.7814 0.9817 1.18 1.308 1.457
Distribution rate 29.3% 32.6% 30.5% 29.6% 25.2% 22.4% 21.9% 21.4%
Net sales 1 1,525 1,853 2,034 2,248 2,582 2,975 3,253 3,516
EBITDA 1 373.8 431.7 483.1 552.8 661.5 763.3 831.4 908.8
EBIT 1 324.7 378.2 424.3 486.6 593.4 694.6 753.3 823.6
Net income 1 244.4 288.4 268.8 296.4 372.3 451.5 500.1 553.7
Net Debt 1 274.8 596.7 653.2 535.8 769.1 707.4 440.2 116.7
Reference price 2 25.10 22.29 23.68 25.81 38.02 34.64 34.64 34.64
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.($)
33.08x6.16x18.8x0.68% 208B
57.26x7.16x24.55x0.76% 132B
34.5x12.27x22.4x0.8% 124B
13.5x0.31x6.8x3.72% 111B
38.91x6.37x20.82x0.9% 90.94B
72.23x7.74x35.81x0.19% 82.3B
25.33x9.09x18.46x0.5% 80.86B
19.41x3.27x12.52x1.38% 61.11B
17.64x1.05x11.79x0.73% 59.59B
Average 34.65x 5.93x 19.11x 1.07% 105.56B
Weighted average by Cap. 35.80x 6.32x 19.47x 1.07%

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