Company Valuation: Lindsell Train Investment Trust Plc

Data adjusted to current consolidation scope
Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 295 212 284 221 210.5 160.2
Change - -28.14% 33.96% -22.18% -4.75% -23.9%
Enterprise Value (EV) 1 291.2 206.6 278.5 214.3 202.5 154.2
Change - -29.05% 34.78% -23.04% -5.51% -23.86%
P/E ratio 8.64x 11.7x 5.2x -50.7x -273x 38.2x
PBR 1.65x 1.11x 1.2x 0.99x 1x 0.78x
PEG - -0.2x 0x 0x 3.3x -0x
Capitalization / Revenue 7.74x 10.7x 4.81x -95.9x 182x 26.7x
EV / Revenue 7.64x 10.4x 4.72x -93x 175x 25.7x
EV / EBITDA - - - - - -
EV / EBIT 8.51x 11.4x 5.09x -50x -301x 35.9x
EV / FCF 13.9x 23.5x 7.58x -40.6x -523x 55.8x
FCF Yield 7.2% 4.25% 13.2% -2.46% -0.19% 1.79%
Dividend per Share 2 27.87 41.39 47.07 51.12 51.5 51.5
Rate of return 1.89% 3.9% 3.31% 4.63% 4.89% 6.43%
EPS 2 170.6 90.22 272.9 -21.78 -3.855 20.98
Distribution rate 16.3% 45.9% 17.2% -235% -1,336% 246%
Net sales 1 38.09 19.85 59 -2.305 1.157 5.991
EBITDA - - - - - -
EBIT 1 34.2 18.13 54.66 -4.283 -0.672 4.299
Net income 1 34.13 18.04 54.59 -4.355 -0.771 4.195
Net Debt 1 -3.782 -5.39 -5.541 -6.708 -8.01 -6.028
Reference price 2 1,475.00 1,060.00 1,420.00 1,105.00 1,052.50 801.00
Nbr of stocks (in thousands) 200 200 200 200 200 200
Announcement Date 6/11/19 6/15/20 6/16/21 6/21/22 6/13/23 6/23/24
1GBP in Million2GBP
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 230M
15.95x26.25x - 8.79% 3.57B
Average 15.95x 26.25x 8.79% 1.9B
Weighted average by Cap. 15.95x 26.25x 8.79%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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