Company Valuation: SEGRO plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,270 9,233 10,853 9,483 9,745 12,812 - -
Change - -46.54% 17.54% -12.63% 2.76% 31.48% - -
Enterprise Value (EV) 1 20,631 12,600 16,869 14,483 15,664 18,360 18,520 18,711
Change - -38.93% 33.88% -14.15% 8.15% 17.21% 0.87% 1.03%
P/E 4.25x -4.78x -42.8x 15.7x 17.7x 16.7x 11x 9.89x
PBR 1.29x 0.81x 1x 0.79x 0.8x 0.98x 0.93x 0.88x
PEG - 0x 0.5x -0x -2.02x 0.4x 0.2x 0.9x
Capitalization / Revenue 38.6x 18.9x 19.8x 16x 15.3x 16.3x 15.1x 14.1x
EV / Revenue 46.2x 25.8x 30.8x 24.5x 24.6x 23.4x 21.8x 20.7x
EV / EBITDA 51.4x 27.2x 32.4x 26.3x 26.4x 28x 26x 24.3x
EV / EBIT 52.1x 27.4x 32.8x 26.9x 27.1x 27.6x 26.2x 24.7x
EV / FCF -14.8x -10x -41.3x -21.6x -326x -122x -144x -176x
FCF Yield -6.76% -9.99% -2.42% -4.63% -0.31% -0.82% -0.69% -0.57%
Dividend per Share 2 0.243 0.263 0.278 0.293 0.311 0.3268 0.3436 0.3618
Rate of return 1.69% 3.44% 3.14% 4.18% 4.32% 3.45% 3.63% 3.82%
EPS 2 3.381 -1.597 -0.207 0.446 0.407 0.567 0.8608 0.9577
Distribution rate 7.19% -16.5% -134% 65.7% 76.4% 57.6% 39.9% 37.8%
Net sales 1 447 488 547 592 637 784.6 850.3 906
EBITDA 1 401 464 521 550 594 654.8 713.7 769.7
EBIT 1 396 460 515 538 577 666.1 707.7 757.2
Net income 1 4,060 -1,927 -253 594 551 635.5 1,145 1,206
Net Debt 1 3,361 3,367 6,016 5,000 5,919 5,548 5,708 5,899
Reference price 2 14.365 7.636 8.864 7.012 7.204 9.468 9.468 9.468
Nbr of stocks (in thousands) 1,202,254 1,209,164 1,224,400 1,352,363 1,352,695 1,353,191 - -
Announcement Date 2/18/22 2/17/23 2/16/24 2/14/25 2/20/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.6x23.31x27.92x3.47% 17.25B
39.92x15.61x15.95x5.33% 57.77B
8.31x12.08x14.8x5.77% 16.07B
18.46x16.65x23.93x5.11% 14.77B
9.74x13.44x15.97x5.32% 12.35B
27.61x10.97x17.25x3.9% 10.17B
7.75x20.29x27.45x3.2% 9.52B
14.69x11.85x18.42x6.33% 9.43B
36.02x7.62x12.24x5.47% 9.17B
-146.36x8.18x19.69x2.05% 6.83B
Average 3.27x 14.00x 19.36x 4.6% 16.33B
Weighted average by Cap. 18.02x 15.01x 18.67x 4.87%

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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