Company Valuation: RELX PLC

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 46,327 43,690 58,515 67,352 54,936 43,319 - -
Change - -5.69% 33.93% 15.1% -18.44% -21.15% - -
Enterprise Value (EV) 1 52,381 50,294 64,961 73,915 62,137 51,769 51,794 51,810
Change - -3.98% 29.16% 13.78% -15.94% -16.69% 0.05% 0.03%
P/E 31.5x 27x 33.2x 35.2x 27x 19.4x 17.4x 15.3x
PBR 14.3x 11.6x 16.9x 19.3x 23.2x 33.4x 27.4x 26.5x
PEG - 2.5x 3.2x 3.5x 3.13x 1.3x 1.5x 1.1x
Capitalization / Revenue 6.4x 5.11x 6.39x 7.14x 5.73x 4.3x 4.04x 3.75x
EV / Revenue 7.23x 5.88x 7.09x 7.83x 6.48x 5.14x 4.82x 4.49x
EV / EBITDA 19.9x 16.2x 18.7x 19.8x 16.2x 12.6x 11.8x 10.9x
EV / EBIT 23.7x 18.7x 21.4x 23.1x 18.6x 14.3x 13.4x 12.4x
EV / FCF 27.5x 25.6x 32.8x 34.8x 26.9x 20.8x 19.3x 17.7x
FCF Yield 3.64% 3.91% 3.05% 2.87% 3.72% 4.81% 5.19% 5.66%
Dividend per Share 2 0.498 0.546 0.588 0.63 0.675 0.7277 0.7887 0.8549
Rate of return 2.07% 2.39% 1.89% 1.74% 2.24% 2.93% 3.18% 3.45%
EPS 2 0.763 0.847 0.936 1.031 1.12 1.281 1.428 1.622
Distribution rate 65.3% 64.5% 62.8% 61.1% 60.3% 56.8% 55.2% 52.7%
Net sales 1 7,244 8,553 9,161 9,434 9,590 10,075 10,736 11,538
EBITDA 1 2,637 3,102 3,468 3,724 3,846 4,100 4,395 4,742
EBIT 1 2,210 2,683 3,030 3,199 3,342 3,610 3,871 4,187
Net income 1 1,471 1,634 1,781 1,934 2,065 2,286 2,451 2,729
Net Debt 1 6,054 6,604 6,446 6,563 7,201 8,450 8,475 8,491
Reference price 2 24.02 22.88 31.10 36.29 30.20 24.80 24.80 24.80
Nbr of stocks (in thousands) 1,928,681 1,909,549 1,881,510 1,855,942 1,819,061 1,746,736 - -
Announcement Date 2/10/22 2/16/23 2/15/24 2/13/25 2/12/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.54x3.69x12.88x2.95% 216B
-130.35x18.18x100.79x-.--% 117B
13.46x1.48x7.8x3.56% 111B
13.63x2.48x9.35x6.03% 79.37B
19.51x5.17x12.71x2.91% 58.38B
13.79x1.99x8.45x5.65% 44.37B
22.36x1.83x11.42x1.31% 43.97B
21.06x1.6x10.17x0.89% 40.66B
17.22x2.17x10.3x5.08% 35.23B
Average 1.47x 4.29x 20.43x 3.15% 82.93B
Weighted average by Cap. -4.86x 5.23x 24.92x 2.95%

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

-40%: Exceptional extension
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