Company Valuation: Halma plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 9,007 9,507 8,420 8,931 9,748 14,636 - -
Change - 5.56% -11.44% 6.08% 9.14% 50.15% - -
Enterprise Value (EV) 1 9,263 9,782 9,016 9,585 10,284 15,332 15,022 14,548
Change - 5.61% -7.83% 6.3% 7.29% 49.09% -2.02% -3.15%
P/E ratio 44.3x 38.9x 35.9x 33.4x 33x 38.6x 34.4x 31x
PBR 7.71x 6.77x 5.27x 5.15x 5.13x 6.98x 6.03x 5.23x
PEG - 1.9x -9.27x 2.3x 3.3x 1.4x 2.8x 2.9x
Capitalization / Revenue 6.83x 6.23x 4.54x 4.39x 4.34x 5.7x 5.18x 4.82x
EV / Revenue 7.03x 6.41x 4.87x 4.71x 4.57x 5.97x 5.32x 4.79x
EV / EBITDA 27.3x 26.2x 20.9x 19.8x 18.6x 23.8x 21.4x 19.3x
EV / EBIT 32.1x 30.1x 23.8x 22.6x 21.1x 26.6x 23.4x 20.9x
EV / FCF 39.2x 46.4x 42.4x 28.6x 23.7x 42.7x 35.3x 30.1x
FCF Yield 2.55% 2.15% 2.36% 3.5% 4.22% 2.34% 2.83% 3.32%
Dividend per Share 2 0.1765 0.1888 0.202 0.2161 0.2312 0.2578 0.2816 0.301
Rate of return 0.74% 0.75% 0.91% 0.91% 0.9% 0.66% 0.73% 0.78%
EPS 2 0.5361 0.6454 0.6204 0.7096 0.7814 1.005 1.126 1.249
Distribution rate 32.9% 29.3% 32.6% 30.5% 29.6% 25.7% 25% 24.1%
Net sales 1 1,318 1,525 1,853 2,034 2,248 2,569 2,823 3,035
EBITDA 1 339.1 373.8 431.7 483.1 552.8 644.3 702.2 753.9
EBIT 1 288.3 324.7 378.2 424.3 486.6 576.8 642.4 696.8
Net income 1 203.4 244.4 288.4 268.8 296.4 380.3 424.7 468.8
Net Debt 1 256.2 274.8 596.7 653.2 535.8 695.5 385.3 -88.4
Reference price 2 23.74 25.10 22.29 23.68 25.81 38.76 38.76 38.76
Nbr of stocks (in thousands) 379,383 378,775 377,732 377,174 377,683 377,614 - -
Announcement Date 6/10/21 6/16/22 6/15/23 6/13/24 6/12/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.34x5.77x23.02x0.69% 19.25B
32.58x10.9x20.84x0.9% 90.62B
35.77x5.24x21.58x-.--% 30.34B
35.84x4.98x15.02x1.4% 28.61B
22.12x1.7x8.65x1.41% 27.97B
34.59x1.63x13.57x1.89% 23.53B
45.44x5.68x30.68x1.51% 23.17B
23.59x0.89x10.95x-.--% 23.02B
-107.46x3.39x14.41x3.03% 20.23B
42.95x2.24x20.28x0.2% 16.14B
Average 20.28x 4.24x 17.90x 1.1% 30.29B
Weighted average by Cap. 24.20x 5.76x 18.36x 1.05%

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