Company Valuation: Mears Group plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 209.1 230.9 307.1 328.6 309.6 346.8 - -
Change - 10.41% 33.04% 6.98% -5.78% 12.01% - -
Enterprise Value (EV) 1 371.4 130.8 198 534.7 579.8 596.2 589.7 573
Change - -64.79% 51.41% 170.05% 8.45% 2.83% -1.1% -2.83%
P/E 15.1x 8.34x 9.71x 7.41x 6.65x 9.14x 9.81x 10x
PBR 1.04x 1.09x 1.59x 1.78x 1.53x 1.36x 1.27x 1.17x
PEG - 0.1x 0.3x 0.1x 0.6x -0.6x -1.44x -5.09x
Capitalization / Revenue 0.24x 0.24x 0.28x 0.29x 0.27x 0.32x 0.35x 0.34x
EV / Revenue 0.42x 0.14x 0.18x 0.47x 0.51x 0.55x 0.59x 0.57x
EV / EBITDA 4.37x 1.38x 1.67x 3.68x 3.68x 4.07x 4.38x 4.16x
EV / EBIT 11x 3.15x 3.83x 7.37x 7.73x 10.1x 11x 10.3x
EV / FCF -309x 1.29x 1.8x 5.48x 8.82x 14.3x 16.3x 20.6x
FCF Yield -0.32% 77.6% 55.6% 18.2% 11.3% 7.02% 6.14% 4.86%
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% 4.44% 4.65% 4.87%
EPS 2 0.1249 0.2494 0.3194 0.4886 0.5386 0.4536 0.4226 0.4143
Distribution rate 64.1% 42.1% 40.7% 32.7% 29.7% 40.5% 45.6% 48.7%
Net sales 1 878.4 959.6 1,089 1,133 1,135 1,077 1,001 1,007
EBITDA 1 85.08 94.87 118.4 145.1 157.4 146.6 134.6 137.9
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 4.145 4.145 4.145
Nbr of stocks (in thousands) 110,927 110,993 99,076 90,764 86,475 83,656 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.14x0.55x4.07x4.44% 464M
14.15x1.59x4.5x2.34% 5.52B
18.18x0.71x10.53x-.--% 1.47B
17.41x0.84x8.32x5.54% 55.54M
Average 14.72x 0.92x 6.85x 3.08% 1.88B
Weighted average by Cap. 14.66x 1.35x 5.69x 2.04%

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

  1. Stock Market
  2. Stocks
  3. MER Stock
  4. Valuation Mears Group plc
-40%: Exceptional extension
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