Financials Tritax Big Box REIT plc

Equities

BBOX

GB00BG49KP99

Commercial REITs

Delayed London S.E. 11:35:19 2024-05-24 EDT 5-day change 1st Jan Change
155.4 GBX +1.17% Intraday chart for Tritax Big Box REIT plc -5.93% -7.99%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,540 2,886 4,651 2,590 3,215 3,855 - -
Enterprise Value (EV) 1 3,666 4,172 5,925 4,168 3,215 5,613 5,658 5,749
P/E ratio 17.8 x 6.38 x 4.5 x -4.32 x 45.4 x 12.1 x 9.76 x 7.69 x
Yield 4.6% 3.81% 2.69% 5.05% - 4.98% 5.28% 5.69%
Capitalization / Revenue 17.6 x 17.9 x 25.2 x 12.6 x 14.5 x 14.2 x 12.4 x 11.6 x
EV / Revenue 25.4 x 25.8 x 32.1 x 20.2 x 14.5 x 20.6 x 18.2 x 17.2 x
EV / EBITDA 28.9 x 27.4 x 32.3 x 22.6 x 16.6 x 22.5 x 20.1 x 19.1 x
EV / FCF -19 x -29.5 x -49 x -38.7 x - 1,871 x 257 x 180 x
FCF Yield -5.27% -3.39% -2.04% -2.59% - 0.05% 0.39% 0.56%
Price to Book - - 1.14 x 0.77 x - - - -
Nbr of stocks (in thousands) 1,706,975 1,719,142 1,867,781 1,868,827 1,903,738 2,480,677 - -
Reference price 2 1.488 1.679 2.490 1.386 1.689 1.554 1.554 1.554
Announcement Date 20-03-17 21-03-10 22-03-03 23-03-02 24-03-01 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 144.3 161.5 184.6 206 222.1 272.1 311.5 333.6
EBITDA 1 126.7 152 183.4 184.8 193.2 249.4 281.1 300.3
EBIT 1 126.7 147.5 178 183.1 193.2 253.6 293.1 317
Operating Margin 87.8% 91.33% 96.42% 88.88% 86.99% 93.21% 94.1% 95.02%
Earnings before Tax (EBT) 1 141.2 449.5 971.1 -601 70.6 280.1 392.4 496.9
Net income 1 141.2 449.4 972.6 -599.4 70 311.2 419.4 503
Net margin 97.85% 278.27% 526.87% -290.97% 31.52% 114.36% 134.66% 150.79%
EPS 2 0.0838 0.2630 0.5531 -0.3208 0.0372 0.1279 0.1592 0.2020
Free Cash Flow 1 -193.3 -141.4 -120.8 -107.8 - 3 22 32
FCF margin -133.96% -87.55% -65.44% -52.33% - 1.1% 7.06% 9.59%
FCF Conversion (EBITDA) - - - - - 1.2% 7.83% 10.66%
FCF Conversion (Net income) - - - - - 0.96% 5.25% 6.36%
Dividend per Share 2 0.0685 0.0640 0.0670 0.0700 - 0.0774 0.0820 0.0884
Announcement Date 20-03-17 21-03-10 22-03-03 23-03-02 24-03-01 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2022 S1 2022 S2 2023 S1 2023 S2
Net sales 1 - - - 104.5 109.3 112.8
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) - - - - - -
Net income - - - - - -
Net margin - - - - - -
EPS - - - - - -
Dividend per Share 0.0312 0.0320 0.0335 - - -
Announcement Date 20-08-06 21-08-05 22-08-04 23-03-02 23-08-03 24-03-01
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,126 1,285 1,274 1,578 - 1,758 1,803 1,894
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 8.89 x 8.456 x 6.947 x 8.541 x - 7.047 x 6.416 x 6.306 x
Free Cash Flow 1 -193 -141 -121 -108 - 3 22 32
ROE (net income / shareholders' equity) - - 27.8% 3.92% - 8.26% - -
ROA (Net income/ Total Assets) - - 2.58% 2.71% - - - -
Assets 1 - - 37,651 -22,125 - - - -
Book Value Per Share - - 2.180 1.790 - - - -
Cash Flow per Share 2 - - - - - 0.0900 0.0900 -
Capex 1 287 279 317 287 - 243 222 240
Capex / Sales 198.61% 172.76% 171.67% 139.22% - 89.29% 71.28% 71.94%
Announcement Date 20-03-17 21-03-10 22-03-03 23-03-02 24-03-01 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
1.554 GBP
Average target price
1.831 GBP
Spread / Average Target
+17.83%
Consensus

Quarterly revenue - Rate of surprise

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