JOHNSON MATTHEY PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,747 GBX | +0.29% |
|
-2.29% | +2.92% |
| 04-19 | Peel Hunt starts NatWest and Barclays at 'buy' | AN |
| 04-15 | Johnson Matthey, BP to Provide Technology for DG Fuels' Sustainable Aviation Fuel Plant | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,032 | 3,454 | 5,801 | 3,463 | 3,624 | 3,195 | - | - |
| Enterprise Value (EV) 1 | 6,898 | 4,548 | 6,576 | 4,319 | 4,647 | 4,217 | 4,182 | 4,197 |
| P/E ratio | 14.6 x | 13.6 x | 28.3 x | -35.7 x | 13.2 x | 12.5 x | 10.5 x | 9.47 x |
| Yield | 2.72% | 3.09% | 2.32% | 4.1% | 3.88% | 4.46% | 4.61% | 4.78% |
| Capitalization / Revenue | 1.43 x | 0.83 x | 1.48 x | 0.88 x | 0.86 x | 0.78 x | 0.78 x | 0.78 x |
| EV / Revenue | 1.64 x | 1.09 x | 1.68 x | 1.1 x | 1.11 x | 1.03 x | 1.02 x | 1.03 x |
| EV / EBITDA | 9.54 x | 6.45 x | 9.61 x | 5.97 x | 7.18 x | 6.92 x | 6.29 x | 5.93 x |
| EV / FCF | -531 x | 87.5 x | 16.9 x | 28.4 x | -186 x | 17.7 x | 22.9 x | 16.1 x |
| FCF Yield | -0.19% | 1.14% | 5.9% | 3.52% | -0.54% | 5.64% | 4.36% | 6.21% |
| Price to Book | 2.31 x | 1.23 x | 2.16 x | 1.47 x | 1.44 x | 1.23 x | 1.16 x | 1.1 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 | 17.47 | 17.47 | 17.47 |
| 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 | 4,112 | 4,112 | 4,088 |
| EBITDA 1 | 723 | 705 | 684 | 724 | 647 | 609.3 | 664.6 | 707.4 |
| EBIT 1 | 566 | 539 | 504 | 556 | 465 | 417.6 | 468.1 | 505.6 |
| Operating Margin | 13.43% | 12.93% | 12.85% | 14.11% | 11.07% | 10.16% | 11.38% | 12.37% |
| Earnings before Tax (EBT) 1 | 488 | 305 | 238 | 195 | 344 | 323.1 | 400.4 | 428.1 |
| Net income 1 | 413 | 255 | 205 | -101 | 276 | 254.8 | 312.9 | 337.4 |
| Net margin | 9.8% | 6.12% | 5.23% | -2.56% | 6.57% | 6.2% | 7.61% | 8.25% |
| EPS 2 | 2.146 | 1.321 | 1.064 | -0.5260 | 1.502 | 1.400 | 1.669 | 1.844 |
| 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% | 4.44% | 6.38% |
| FCF Conversion (EBITDA) | - | 7.38% | 56.73% | 20.99% | - | 39.01% | 27.46% | 36.85% |
| FCF Conversion (Net income) | - | 20.39% | 189.27% | - | - | 93.26% | 58.33% | 77.27% |
| Dividend per Share 2 | 0.8550 | 0.5562 | 0.7000 | 0.7700 | 0.7700 | 0.7794 | 0.8054 | 0.8346 |
| 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 | 1,022 | 987 | 1,002 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.198 x | 1.552 x | 1.133 x | 1.182 x | 1.581 x | 1.677 x | 1.486 x | 1.416 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% | 10.9% | 11.6% | 12% |
| ROA (Net income/ Total Assets) | 7.98% | 3.83% | 2.71% | 5.65% | 4.03% | 4.25% | 4.22% | 4.64% |
| Assets 1 | 5,176 | 6,654 | 7,553 | -1,788 | 6,847 | 5,995 | 7,406 | 7,278 |
| Book Value Per Share 2 | 13.60 | 14.70 | 13.90 | 12.70 | 13.80 | 14.20 | 15.00 | 15.80 |
| Cash Flow per Share 2 | 1.740 | 3.110 | 3.990 | 3.150 | 1.580 | 2.750 | 2.960 | 2.950 |
| Capex 1 | 301 | 443 | 381 | 453 | 316 | 348 | 342 | 333 |
| Capex / Sales | 7.14% | 10.62% | 9.71% | 11.5% | 7.52% | 8.47% | 8.33% | 8.14% |
| 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
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
17.47
GBP
Average target price
19.92
GBP
Spread / Average Target
+14.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.92% | 3.98B | |
| +11.47% | 63.22B | |
| -3.47% | 46.34B | |
| +13.72% | 39.97B | |
| +17.83% | 25.46B | |
| +7.27% | 18.68B | |
| -0.57% | 17.24B | |
| -21.73% | 15.81B | |
| +0.22% | 14.9B | |
| -19.10% | 13.74B |
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- Financials Johnson Matthey Plc
