Financials Johnson Matthey Plc Deutsche Boerse AG

Equities

JMT2

GB00BZ4BQC70

Specialty Chemicals

Real-time Estimate Tradegate 13:36:17 2024-05-17 EDT 5-day change 1st Jan Change
21.73 EUR +2.50% Intraday chart for Johnson Matthey Plc -1.59% +8.88%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,032 3,454 5,801 3,463 3,624 3,361 - -
Enterprise Value (EV) 1 6,898 4,548 6,576 4,319 4,647 4,357 4,268 4,297
P/E ratio 14.6 x 13.6 x 28.3 x -35.7 x 13.2 x 13.4 x 11.3 x 10.1 x
Yield 2.72% 3.09% 2.32% 4.1% 3.88% 4.24% 4.4% 4.59%
Capitalization / Revenue 1.43 x 0.83 x 1.48 x 0.88 x 0.86 x 0.82 x 0.82 x 0.83 x
EV / Revenue 1.64 x 1.09 x 1.68 x 1.1 x 1.11 x 1.06 x 1.04 x 1.06 x
EV / EBITDA 9.54 x 6.45 x 9.61 x 5.97 x 7.18 x 7.16 x 6.47 x 6.15 x
EV / FCF -531 x 87.5 x 16.9 x 28.4 x -186 x 18.3 x 23.4 x 16.5 x
FCF Yield -0.19% 1.14% 5.9% 3.52% -0.54% 5.45% 4.28% 6.07%
Price to Book 2.31 x 1.23 x 2.16 x 1.47 x 1.44 x 1.29 x 1.2 x 1.13 x
Nbr of stocks (in thousands) 191,973 192,093 192,522 184,333 182,716 182,883 - -
Reference price 2 31.42 17.98 30.13 18.78 19.84 18.38 18.38 18.38
Announcement Date 19-05-30 20-06-11 21-05-27 22-05-26 23-05-25 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,214 4,170 3,922 3,940 4,201 4,113 4,090 4,045
EBITDA 1 723 705 684 724 647 608.8 660.1 698.5
EBIT 1 566 539 504 556 465 418.5 469.3 500.2
Operating Margin 13.43% 12.93% 12.85% 14.11% 11.07% 10.18% 11.47% 12.37%
Earnings before Tax (EBT) 1 488 305 238 195 344 314.7 395.8 431.8
Net income 1 413 255 205 -101 276 249.3 313.1 339.8
Net margin 9.8% 6.12% 5.23% -2.56% 6.57% 6.06% 7.66% 8.4%
EPS 2 2.146 1.321 1.064 -0.5260 1.502 1.369 1.619 1.821
Free Cash Flow 1 -13 52 388 152 -25 237.7 182.5 260.7
FCF margin -0.31% 1.25% 9.89% 3.86% -0.6% 5.78% 4.46% 6.44%
FCF Conversion (EBITDA) - 7.38% 56.73% 20.99% - 39.04% 27.65% 37.32%
FCF Conversion (Net income) - 20.39% 189.27% - - 95.34% 58.29% 76.72%
Dividend per Share 2 0.8550 0.5562 0.7000 0.7700 0.7700 0.7796 0.8088 0.8435
Announcement Date 19-05-30 20-06-11 21-05-27 22-05-26 23-05-25 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2020 S2 2021 S1 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1
Net sales 1 2,124 2,046 1,679 2,243 4,293 4,293 1,938 2,002 2,045 2,156 1,967
EBITDA 350 355 235 449 - - 389 335 309 338 273
EBIT 265 274 151 353 - - 293 263 222 243 180
Operating Margin 12.48% 13.39% 8.99% 15.74% - - 15.12% 13.14% 10.86% 11.27% 9.15%
Earnings before Tax (EBT) 225 80 26 212 - - -9 204 188 156 82
Net income 176 79 24 181 - - -28 -73 160 116 63
Net margin 8.29% 3.86% 1.43% 8.07% - - -1.44% -3.65% 7.82% 5.38% 3.2%
EPS 0.9160 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 19-11-21 20-06-11 20-11-19 21-05-27 21-08-24 21-11-24 21-11-24 22-05-26 22-11-23 23-05-25 23-11-22
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 866 1,094 775 856 1,023 996 906 936
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.198 x 1.552 x 1.133 x 1.182 x 1.581 x 1.636 x 1.373 x 1.34 x
Free Cash Flow 1 -13 52 388 152 -25 238 183 261
ROE (net income / shareholders' equity) 16.6% 9.38% 12.7% 15.9% 11.1% 10.6% 11.4% 11.9%
ROA (Net income/ Total Assets) 7.98% 3.83% 2.71% 5.65% 4.03% 3.86% 6.24% 4.84%
Assets 1 5,176 6,654 7,553 -1,788 6,847 6,454 5,015 7,022
Book Value Per Share 2 13.60 14.70 13.90 12.70 13.80 14.20 15.30 16.20
Cash Flow per Share 2 1.740 3.110 3.990 3.150 1.580 2.680 2.610 2.980
Capex 1 301 443 381 453 316 348 342 339
Capex / Sales 7.14% 10.62% 9.71% 11.5% 7.52% 8.47% 8.37% 8.38%
Announcement Date 19-05-30 20-06-11 21-05-27 22-05-26 23-05-25 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
18.38 GBP
Average target price
20.08 GBP
Spread / Average Target
+9.23%
Consensus
  1. Stock Market
  2. Equities
  3. JMAT Stock
  4. JMT2 Stock
  5. Financials Johnson Matthey Plc
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