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 17,355 - -
Change - 5.56% -11.44% 6.08% 9.14% 78.04% - -
Enterprise Value (EV) 1 9,263 9,782 9,016 9,585 10,284 18,057 17,799 17,382
Change - 5.61% -7.83% 6.3% 7.29% 75.59% -1.43% -2.34%
P/E ratio 44.3x 38.9x 35.9x 33.4x 33x 45.7x 40.2x 36.3x
PBR 7.71x 6.77x 5.27x 5.15x 5.13x 8.01x 7.14x 6.19x
PEG - 1.9x -9.27x 2.3x 3.3x 1.6x 2.9x 3.4x
Capitalization / Revenue 6.83x 6.23x 4.54x 4.39x 4.34x 6.76x 6.05x 5.63x
EV / Revenue 7.03x 6.41x 4.87x 4.71x 4.57x 7.04x 6.21x 5.63x
EV / EBITDA 27.3x 26.2x 20.9x 19.8x 18.6x 28.2x 25.1x 22.7x
EV / EBIT 32.1x 30.1x 23.8x 22.6x 21.1x 31.3x 27.6x 24.8x
EV / FCF 39.2x 46.4x 42.4x 28.6x 23.7x 51.1x 41.5x 35.5x
FCF Yield 2.55% 2.15% 2.36% 3.5% 4.22% 1.96% 2.41% 2.82%
Dividend per Share 2 0.1765 0.1888 0.202 0.2161 0.2312 0.2582 0.2827 0.3024
Rate of return 0.74% 0.75% 0.91% 0.91% 0.9% 0.56% 0.62% 0.66%
EPS 2 0.5361 0.6454 0.6204 0.7096 0.7814 1.006 1.143 1.266
Distribution rate 32.9% 29.3% 32.6% 30.5% 29.6% 25.7% 24.7% 23.9%
Net sales 1 1,318 1,525 1,853 2,034 2,248 2,566 2,866 3,085
EBITDA 1 339.1 373.8 431.7 483.1 552.8 641.1 710.3 765.1
EBIT 1 288.3 324.7 378.2 424.3 486.6 576.7 645.9 700.3
Net income 1 203.4 244.4 288.4 268.8 296.4 380.8 431.9 479.3
Net Debt 1 256.2 274.8 596.7 653.2 535.8 701.9 444 27.12
Reference price 2 23.74 25.10 22.29 23.68 25.81 45.96 45.96 45.96
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.($)
45.69x7.04x28.17x0.56% 23.68B
46.81x16.25x31.11x0.63% 127B
58.97x2x24.19x-.--% 53.34B
28.3x2.18x11.26x1.12% 35.49B
34.97x5.17x25.2x2.22% 29.91B
31.15x4.72x18.9x-.--% 29.31B
10.53x5.82x11.25x1.9% 27.33B
33.05x1.72x14.67x1.75% 23.98B
28.66x3.08x12.6x1.82% 20.73B
36.87x1.83x16.68x0.46% 16.3B
Average 35.50x 4.98x 19.40x 1.05% 38.72B
Weighted average by Cap. 39.82x 7.76x 22.76x 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