Company Valuation: Mears Group plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 209.1 230.9 307.1 328.6 309.6 382.8 - -
Change - 10.41% 33.04% 6.98% -5.78% 23.64% - -
Enterprise Value (EV) 1 371.4 130.8 198 534.7 579.8 632.2 625.7 609
Change - -64.79% 51.41% 170.05% 8.45% 9.04% -1.04% -2.67%
P/E 15.1x 8.34x 9.71x 7.41x 6.65x 10.2x 11x 11.8x
PBR 1.04x 1.09x 1.59x 1.78x 1.53x 1.43x 1.36x 1.28x
PEG - 0.1x 0.3x 0.1x 0.6x -0.6x -1.55x -1.84x
Capitalization / Revenue 0.24x 0.24x 0.28x 0.29x 0.27x 0.36x 0.38x 0.38x
EV / Revenue 0.42x 0.14x 0.18x 0.47x 0.51x 0.59x 0.63x 0.6x
EV / EBITDA 4.37x 1.38x 1.67x 3.68x 3.68x 4.53x 5.35x 5.27x
EV / EBIT 11x 3.15x 3.83x 7.37x 7.73x 10.7x 11.6x 11x
EV / FCF -309x 1.29x 1.8x 5.48x 8.82x 11.7x 11.6x 17.8x
FCF Yield -0.32% 77.6% 55.6% 18.2% 11.3% 8.58% 8.65% 5.6%
Dividend per Share 2 0.08 0.105 0.13 0.16 0.16 0.1839 0.1928 0.2018
Rate of return 4.24% 5.05% 4.19% 4.42% 4.47% 4.04% 4.24% 4.44%
EPS 2 0.1249 0.2494 0.3194 0.4886 0.5386 0.4451 0.4135 0.387
Distribution rate 64.1% 42.1% 40.7% 32.7% 29.7% 41.3% 46.6% 52.1%
Net sales 1 878.4 959.6 1,089 1,133 1,135 1,077 1,001 1,007
EBITDA 1 85.08 94.87 118.4 145.1 157.4 139.5 117 115.5
EBIT 1 33.68 41.53 51.67 72.56 75.04 59.25 53.71 55.54
Net income 1 14.12 28.31 35.2 46.53 46.22 37.21 33.47 33.11
Net Debt 1 162.3 -100.1 -109.1 206.1 270.2 249.5 242.9 226.2
Reference price 2 1.885 2.080 3.100 3.620 3.580 4.550 4.550 4.550
Nbr of stocks (in thousands) 110,927 110,993 99,076 90,764 86,475 84,124 - -
Announcement Date 3/31/22 4/28/23 4/11/24 4/10/25 3/26/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.22x0.59x4.53x4.04% 517M
15.47x1.68x4.75x2.15% 6.07B
18.83x0.74x10.93x-.--% 1.53B
16.06x0.92x8.34x5.03% 63.6M
Average 15.14x 0.98x 7.14x 2.8% 2.04B
Weighted average by Cap. 15.77x 1.43x 5.92x 1.89%

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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