Financials Johnson Matthey Plc OTC Markets

Equities

JMPLY

US4791425071

Specialty Chemicals

Market Closed - OTC Markets Other stock markets 15:45:53 2024-06-07 EDT			5-day change	1st Jan Change
41.46 ^USD	-4.62%		-7.10%	-5.64%

05-24	JOHNSON MATTHEY : Higher transformation costs take their toll
05-23	JOHNSON MATTHEY : ICEs might stay longer

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	3,454	5,801	3,463	3,624	3,272	3,008	-	-
Enterprise Value (EV) ¹	4,548	6,576	4,319	4,647	3,272	3,561	3,884	3,583
P/E ratio	13.6 x	28.3 x	-35.7 x	13.2 x	30.7 x	10.9 x	8.9 x	8.03 x
Yield	3.09%	2.32%	4.1%	3.88%	-	4.64%	4.96%	5.1%
Capitalization / Revenue	0.83 x	1.48 x	0.88 x	0.86 x	0.84 x	0.77 x	0.77 x	0.79 x
EV / Revenue	1.09 x	1.68 x	1.1 x	1.11 x	0.84 x	0.91 x	1 x	0.94 x
EV / EBITDA	6.45 x	9.61 x	5.97 x	7.18 x	5.47 x	5.76 x	5.71 x	5 x
EV / FCF	87.5 x	16.9 x	28.4 x	-186 x	-	14.7 x	22.3 x	24 x
FCF Yield	1.14%	5.9%	3.52%	-0.54%	-	6.81%	4.48%	4.16%
Price to Book	1.23 x	2.16 x	1.47 x	1.44 x	-	1.16 x	1.09 x	1.03 x
Nbr of stocks (in thousands)	192,093	192,522	184,333	182,716	182,883	183,428	-	-
Reference price ²	17.98	30.13	18.78	19.84	17.89	16.40	16.40	16.40
Announcement Date	20-06-11	21-05-27	22-05-26	23-05-25	24-05-23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	4,170	3,922	3,940	4,201	3,904	3,902	3,903	3,820
EBITDA ¹	705	684	724	647	598	618.7	680.8	716.2
EBIT ¹	539	504	556	465	410	431	492.7	516.7
Operating Margin	12.93%	12.85%	14.11%	11.07%	10.5%	11.04%	12.62%	13.53%
Earnings before Tax (EBT) ¹	305	238	195	344	164	343.8	420	467.2
Net income ¹	255	205	-101	276	108	289.1	331.5	374.8
Net margin	6.12%	5.23%	-2.56%	6.57%	2.77%	7.41%	8.49%	9.81%
EPS ²	1.321	1.064	-0.5260	1.502	0.5830	1.504	1.843	2.042
Free Cash Flow ¹	52	388	152	-25	-	242.5	174	149
FCF margin	1.25%	9.89%	3.86%	-0.6%	-	6.21%	4.46%	3.9%
FCF Conversion (EBITDA)	7.38%	56.73%	20.99%	-	-	39.2%	25.56%	20.81%
FCF Conversion (Net income)	20.39%	189.27%	-	-	-	83.89%	52.48%	39.76%
Dividend per Share ²	0.5562	0.7000	0.7700	0.7700	-	0.7608	0.8141	0.8366
Announcement Date	20-06-11	21-05-27	22-05-26	23-05-25	24-05-23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1
Net sales ¹	2,046	1,679	2,243	1,938	2,002	2,045	2,156	1,967
EBITDA ¹	355	235	449	389	335	309	338	273
EBIT ¹	274	151	353	293	263	222	243	180
Operating Margin	13.39%	8.99%	15.74%	15.12%	13.14%	10.86%	11.27%	9.15%
Earnings before Tax (EBT) ¹	80	26	212	-9	204	188	156	82
Net income ¹	79	24	181	-28	-73	160	116	63
Net margin	3.86%	1.43%	8.07%	-1.44%	-3.65%	7.82%	5.38%	3.2%
EPS ²	1.230	0.1230	0.9410	-0.1480	-0.3780	0.8710	0.6310	0.3460
Dividend per Share	0.3112	0.2000	0.5000	0.2200	-	0.2200	-	-
Announcement Date	20-06-11	20-11-19	21-05-27	21-11-24	22-05-26	22-11-23	23-05-25	23-11-22

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,094	775	856	1,023	-	553	876	575
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.552 x	1.133 x	1.182 x	1.581 x	-	0.8935 x	1.286 x	0.8023 x
Free Cash Flow ¹	52	388	152	-25	-	243	174	149
ROE (net income / shareholders' equity)	9.38%	12.7%	15.9%	11.1%	-	11.4%	12.3%	12.6%
ROA (Net income/ Total Assets)	3.83%	2.71%	5.65%	4.03%	-	8.72%	4.93%	5.51%
Assets ¹	6,654	7,553	-1,788	6,847	-	3,317	6,718	6,803
Book Value Per Share ²	14.70	13.90	12.70	13.80	-	14.10	15.00	16.00
Cash Flow per Share ²	3.110	3.990	3.150	1.580	-	2.560	3.060	3.060
Capex ¹	443	381	453	316	-	354	336	298
Capex / Sales	10.62%	9.71%	11.5%	7.52%	-	9.08%	8.61%	7.8%
Announcement Date	20-06-11	21-05-27	22-05-26	23-05-25	24-05-23	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Johnson Matthey Plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

16.4 GBP

Average target price

20.08 GBP

Spread / Average Target

+22.42%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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POSCO FUTURE M CO., LTD.	-21.45%	15.84B
ALBEMARLE CORPORATION	-20.45%	13.51B

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