Company Valuation: Mears Group plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 209.1 230.9 307.1 328.6 309.6 343.2 - -
Change - 10.41% 33.04% 6.98% -5.78% 10.87% - -
Enterprise Value (EV) 1 371.4 130.8 198 534.7 579.8 597.3 586.3 567.3
Change - -64.79% 51.41% 170.05% 8.45% 3.01% -1.83% -3.25%
P/E 15.1x 8.34x 9.71x 7.41x 6.65x 9.17x 9.87x 10.5x
PBR 1.04x 1.09x 1.59x 1.78x 1.53x 1.34x 1.25x 1.15x
PEG - 0.1x 0.3x 0.1x 0.6x -0.5x -1.4x -1.64x
Capitalization / Revenue 0.24x 0.24x 0.28x 0.29x 0.27x 0.33x 0.35x 0.35x
EV / Revenue 0.42x 0.14x 0.18x 0.47x 0.51x 0.58x 0.6x 0.57x
EV / EBITDA 4.37x 1.38x 1.67x 3.68x 3.68x 4.39x 4.68x 4.52x
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 10.6x 10.8x 13.2x
FCF Yield -0.32% 77.6% 55.6% 18.2% 11.3% 9.44% 9.25% 7.55%
Dividend per Share 2 0.08 0.105 0.13 0.16 0.16 0.183 0.1919 0.2006
Rate of return 4.24% 5.05% 4.19% 4.42% 4.47% 4.49% 4.7% 4.92%
EPS 2 0.1249 0.2494 0.3194 0.4886 0.5386 0.4448 0.4135 0.387
Distribution rate 64.1% 42.1% 40.7% 32.7% 29.7% 41.1% 46.4% 51.8%
Net sales 1 878.4 959.6 1,089 1,133 1,135 1,033 977.9 994.3
EBITDA 1 85.08 94.87 118.4 145.1 157.4 136.1 125.4 125.4
EBIT 1 33.68 41.53 51.67 72.56 75.04 58.86 53.26 55.14
Net income 1 14.12 28.31 35.2 46.53 46.22 37.21 33.72 33.11
Net Debt 1 162.3 -100.1 -109.1 206.1 270.2 254 243.1 224.1
Reference price 2 1.885 2.080 3.100 3.620 3.580 4.080 4.080 4.080
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.($)
9.17x0.58x4.39x4.49% 455M
17.07x1.8x5.09x1.97% 6.7B
23.11x0.81x12.84x-.--% 1.69B
16.36x0.93x8.49x4.94% 63.36M
Average 16.43x 1.03x 7.70x 2.85% 2.23B
Weighted average by Cap. 17.80x 1.55x 6.55x 1.74%

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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  3. MER Stock
  4. Valuation Mears Group plc