Company Valuation: Intertek Group plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,069 6,500 6,847 7,624 7,102 8,995 - -
Change - -28.33% 5.35% 11.34% -6.84% 26.65% - -
Enterprise Value (EV) 1 10,094 7,560 7,766 8,423 8,421 10,211 10,081 9,973
Change - -25.11% 2.72% 8.47% -0.02% 21.25% -1.27% -1.07%
P/E 31.6x 22.6x 23.2x 22.2x 21.4x 25.5x 22.7x 20.9x
PBR 8.42x 5.09x 5.18x 5.48x 6.79x 7.43x 6.78x 6.29x
PEG - 80.41x 8.28x 1.4x 13.79x 3.96x 1.8x 2.5x
Capitalization / Revenue 3.25x 2.04x 2.06x 2.25x 2.07x 2.51x 2.38x 2.26x
EV / Revenue 3.62x 2.37x 2.33x 2.48x 2.45x 2.84x 2.67x 2.51x
EV / EBITDA 15.7x 10.8x 10.7x 11.2x 10.7x 12.2x 11.3x 10.5x
EV / EBIT 21.3x 14.5x 14.1x 14.3x 13.6x 15.5x 14.3x 13.2x
EV / FCF 26.2x 20.5x 21.9x 21.3x 25.8x 27x 23.5x 21.5x
FCF Yield 3.82% 4.87% 4.58% 4.69% 3.88% 3.71% 4.26% 4.65%
Dividend per Share 2 1.058 1.058 1.117 1.565 1.65 1.716 1.871 2.026
Rate of return 1.88% 2.62% 2.63% 3.31% 3.57% 2.93% 3.19% 3.46%
EPS 2 1.779 1.784 1.834 2.127 2.16 2.299 2.583 2.799
Distribution rate 59.5% 59.3% 60.9% 73.6% 76.4% 74.6% 72.4% 72.4%
Net sales 1 2,786 3,193 3,329 3,393 3,432 3,589 3,779 3,981
EBITDA 1 643.2 700.6 726.4 751.8 786.6 838.4 893.8 949.8
EBIT 1 473.9 520.1 551.1 590.1 619.6 659.7 705.1 756.4
Net income 1 288.1 288.8 297.4 345.4 343.5 365 411.2 446
Net Debt 1 1,026 1,060 918.4 799.4 1,319 1,216 1,086 978.1
Reference price 2 56.30 40.34 42.46 47.28 46.26 58.60 58.60 58.60
Nbr of stocks (in thousands) 161,080 161,119 161,261 161,243 153,522 153,496 - -
Announcement Date 3/1/22 2/28/23 3/5/24 3/4/25 3/3/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.27x6.65x23.57x0.99% 79.87B
36.44x1.22x13.12x1.03% 16.19B
19.74x2.02x9.96x3.73% 13.59B
25.49x2.84x12.18x2.93% 11.91B
23.22x3.27x12.61x2.47% 7.35B
15.63x0.66x9.27x1.37% 6.9B
84.53x - - - 5.72B
9.33x1.11x5.9x2.25% 5.56B
19.55x0.42x9.73x3.81% 5.41B
Average 30.02x 2.27x 12.04x 2.32% 16.95B
Weighted average by Cap. 32.64x 4.42x 17.83x 1.65%

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

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