Company Valuation: RWS Holdings plc

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,439 1,246 915.3 597.3 341.3 440.5 - -
Change - -48.91% -26.55% -34.74% -42.86% 29.07% - -
Enterprise Value (EV) 1 2,394 1,174 891.7 637.4 354.2 499 502.7 476.1
Change - -50.95% -24.06% -28.52% -44.43% 40.88% 0.74% -5.28%
P/E 57.5x 20x -33.8x 12.7x -3.42x -46.2x 31.9x 17.9x
PBR 2.35x 1.09x 0.94x 0.67x 0.45x 0.59x 0.6x 0.59x
PEG - 0.4x 0x -0x 0x 0.5x -0x 0.2x
Capitalization / Revenue 3.51x 1.66x 1.25x 0.83x 0.49x 0.62x 0.52x 0.49x
EV / Revenue 3.45x 1.57x 1.22x 0.89x 0.51x 0.7x 0.59x 0.53x
EV / EBITDA 19.2x 6.82x 5.62x 4.53x 3.51x 4.57x 3.98x 3.44x
EV / EBIT 20.2x 8.48x 7.2x 5.68x 5.36x 7.03x 5.87x 4.88x
EV / FCF 38.8x 12x 13.3x 19.8x 8.2x 25.7x 10.7x 8.02x
FCF Yield 2.58% 8.34% 7.54% 5.05% 12.2% 3.89% 9.35% 12.5%
Dividend per Share 2 0.105 0.1175 0.122 0.1245 0.0705 0.0733 0.0806 0.0858
Rate of return 1.68% 3.67% 5.09% 7.69% 7.64% 6.17% 6.79% 7.22%
EPS 2 0.109 0.16 -0.071 0.128 -0.27 -0.0257 0.0373 0.0662
Distribution rate 96.3% 73.4% -172% 97.3% -26.1% -285% 216% 129%
Net sales 1 694.5 749.2 733.8 718.2 690.1 708.2 846.2 894
EBITDA 1 124.7 172.1 158.6 140.8 100.8 109.3 126.2 138.4
EBIT 1 118.5 138.5 123.8 112.3 66.1 71 85.59 97.54
Net income 1 41.2 62.7 -27.7 47.5 -99.8 -14.4 4.7 22.05
Net Debt 1 -45.3 -71.9 -23.6 40.1 12.9 58.47 62.15 35.6
Reference price 2 6.265 3.200 2.398 1.620 0.923 1.187 1.187 1.187
Nbr of stocks (in thousands) 389,340 389,408 381,673 368,687 369,777 371,133 - -
Announcement Date 12/14/21 12/15/22 12/12/23 12/12/24 12/11/25 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-47.53x0.72x4.68x6.01% 613M
36.54x6.66x23.66x0.94% 80.27B
38.53x1.28x13.78x0.97% 17.13B
19.99x2.05x10.08x3.68% 14B
25.4x2.84x12.14x2.94% 12.13B
24.86x3.47x13.36x2.33% 8.01B
15.3x0.65x9.2x1.4% 6.94B
10.62x1.25x6.66x1.97% 6.33B
22.02x2.37x11.19x-.--% 5.67B
18.81x0.4x9.38x3.96% 5.31B
Average 16.46x 2.17x 11.41x 2.42% 15.64B
Weighted average by Cap. 30.37x 4.32x 17.60x 1.57%

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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