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 15,160 - -
Change - -11.44% 6.08% 9.14% 47.28% 5.59% - -
Enterprise Value (EV) 1 9,782 9,016 9,585 10,284 15,126 15,626 15,275 14,874
Change - -7.83% 6.3% 7.29% 47.09% 3.31% -2.25% -2.63%
P/E 38.9x 35.9x 33.4x 33x 38.7x 34.9x 32x 28.8x
PBR 6.77x 5.27x 5.15x 5.13x 6.62x 6.47x 5.47x 4.71x
PEG - -9.27x 2.3x 3.3x 1.5x 2x 3.56x 2.6x
Capitalization / Revenue 6.23x 4.54x 4.39x 4.34x 5.56x 5.19x 4.82x 4.4x
EV / Revenue 6.41x 4.87x 4.71x 4.57x 5.86x 5.35x 4.86x 4.32x
EV / EBITDA 26.2x 20.9x 19.8x 18.6x 22.9x 21.4x 19.3x 16.8x
EV / EBIT 30.1x 23.8x 22.6x 21.1x 25.5x 23.5x 21.2x 18.8x
EV / FCF 46.4x 42.4x 28.6x 23.7x 36.8x 35.4x 31.4x 27.4x
FCF Yield 2.15% 2.36% 3.5% 4.22% 2.71% 2.83% 3.19% 3.65%
Dividend per Share 2 0.1888 0.202 0.2161 0.2312 0.2474 0.2637 0.2925 0.3149
Rate of return 0.75% 0.91% 0.91% 0.9% 0.65% 0.66% 0.73% 0.78%
EPS 2 0.6454 0.6204 0.7096 0.7814 0.9817 1.151 1.254 1.396
Distribution rate 29.3% 32.6% 30.5% 29.6% 25.2% 22.9% 23.3% 22.6%
Net sales 1 1,525 1,853 2,034 2,248 2,582 2,920 3,142 3,443
EBITDA 1 373.8 431.7 483.1 552.8 661.5 729.6 790.9 883.8
EBIT 1 324.7 378.2 424.3 486.6 593.4 666.3 719.8 792.6
Net income 1 244.4 288.4 268.8 296.4 372.3 434.6 474.9 523.5
Net Debt 1 274.8 596.7 653.2 535.8 769.1 466.3 114.6 -286.4
Reference price 2 25.10 22.29 23.68 25.81 38.02 40.14 40.14 40.14
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.($)
34.49x5.3x21.19x0.66% 20.04B
38.3x13.25x24.39x0.76% 121B
63.14x9.23x44.41x1.18% 54.34B
33.33x1.57x17.88x-.--% 50.14B
30.47x2.48x11.92x1.09% 43.18B
38.01x2.36x16.89x1.42% 31.59B
32.17x4.87x19.42x-.--% 30.21B
9.23x5.32x10.24x2.13% 22.75B
41.65x2.17x19.74x0.41% 19.45B
24.41x0.87x9.73x0.32% 13.42B
Average 34.52x 4.74x 19.58x 0.8% 40.63B
Weighted average by Cap. 37.58x 6.88x 22.33x 0.79%

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