Company Valuation: Londonmetric Property Plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,934 2,681 1,713 4,133 3,751 4,457 - -
Change - 38.64% -36.11% 141.32% -9.24% 18.81% - -
Enterprise Value (EV) 1 2,720 3,651 2,707 6,107 5,743 7,070 7,176 7,256
Change - 34.24% -25.86% 125.6% -5.95% 23.09% 1.51% 1.1%
P/E ratio 7.49x 3.52x -3.39x 19.2x 10.8x 11.7x 9.93x 10x
PBR 1.11x 1.05x 0.86x 1.04x 0.91x 0.9x 0.86x 0.82x
PEG - 0x 0x -0x 0.2x -2.85x 0.6x -14.13x
Capitalization / Revenue 16.2x 20.1x 11.7x 23.6x 9.6x 9.66x 8.89x 8.44x
EV / Revenue 22.7x 27.4x 18.4x 34.8x 14.7x 15.3x 14.3x 13.7x
EV / EBITDA 24.4x 30x 20.1x 37x 14.9x 16.5x 15.5x 15.2x
EV / EBIT 24.6x 30.1x 20.2x 37.2x 14.9x 16.6x 15.4x 14.9x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.0865 0.0925 0.095 0.102 0.12 0.1254 0.1316 0.1374
Rate of return 4.05% 3.35% 5.41% 5.02% 6.54% 6.57% 6.9% 7.2%
EPS 2 0.285 0.784 -0.518 0.106 0.17 0.163 0.1922 0.1908
Distribution rate 30.4% 11.8% -18.3% 96.2% 70.6% 77% 68.5% 72%
Net sales 1 119.7 133.1 146.8 175.3 390.6 461.6 501.4 528.1
EBITDA 1 111.4 121.8 134.4 164.9 384.9 427.2 462.7 476.2
EBIT 1 110.7 121.2 133.8 164.2 384.3 424.7 465.6 487.9
Net income 1 257.3 734.5 -506.3 118.7 347.9 400.6 462.9 465.1
Net Debt 1 786.1 970.1 994 1,973 1,992 2,613 2,719 2,799
Reference price 2 2.136 2.758 1.756 2.032 1.834 1.909 1.909 1.909
Nbr of stocks (in thousands) 905,312 972,088 975,384 2,034,068 2,045,386 2,334,728 - -
Announcement Date 5/27/21 5/26/22 5/24/23 6/4/24 5/20/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.71x15.32x16.55x6.57% 6.05B
28.72x13.33x15.79x5.2% 15.7B
24.35x14.83x16.3x3.95% 6.79B
8.22x16.96x20.51x7.84% 6.28B
13.56x14.57x15.2x5.32% 6.29B
12.8x13.24x17.43x6.94% 6B
7.27x14.22x18.2x5.94% 5.26B
12.46x11.35x12.89x5.5% 4.91B
26.2x17.97x27.3x4.07% 4.8B
Average 16.14x 14.64x 17.80x 5.7% 6.9B
Weighted average by Cap. 18.14x 14.45x 17.36x 5.64%

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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  4. Valuation Londonmetric Property Plc