Company Valuation: Whitbread PLC

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 5,939 6,287 6,414 4,751 4,379 4,078 - -
Change - 5.86% 2.02% -25.92% -7.84% -6.87% - -
Enterprise Value (EV) 1 9,500 10,074 10,810 9,468 9,611 9,309 9,291 9,282
Change - 6.04% 7.31% -12.41% 1.51% -3.14% -0.2% -0.09%
P/E 141x 22.7x 21.8x 19.3x 21.4x 13.7x 12.5x 11.4x
PBR 1.44x 1.53x 1.83x 1.43x 1.4x 1.27x 1.23x 1.19x
PEG - 0x 1.3x -1.6x -1.7x 0.3x 1.2x 1.19x
Capitalization / Revenue 3.49x 2.39x 2.17x 1.63x 1.5x 1.4x 1.36x 1.3x
EV / Revenue 5.58x 3.84x 3.65x 3.24x 3.29x 3.2x 3.1x 2.96x
EV / EBITDA 19.8x 11.3x 10.2x 9.19x 8.95x 8.94x 8.38x 7.87x
EV / EBIT 62x 18.5x 16x 15x 14.8x 15.6x 14.3x 13.3x
EV / FCF 33.1x 31.7x 27.2x 33.4x 128x 24x 25.6x 21.5x
FCF Yield 3.02% 3.16% 3.68% 2.99% 0.78% 4.16% 3.91% 4.66%
Dividend per Share 2 0.347 0.742 0.97 0.97 0.97 0.9304 0.9856 1.07
Rate of return 1.18% 2.38% 2.78% 3.58% 3.7% 3.81% 4.04% 4.38%
EPS 2 0.209 1.375 1.599 1.406 1.224 1.776 1.956 2.143
Distribution rate 166% 54% 60.7% 69% 79.2% 52.4% 50.4% 49.9%
Net sales 1 1,703 2,625 2,960 2,922 2,920 2,911 2,995 3,138
EBITDA 1 480.2 888 1,057 1,030 1,074 1,042 1,109 1,180
EBIT 1 153.3 543.5 674.2 629.6 648.9 596.8 647.7 699.2
Net income 1 42.5 278.8 312.1 253.7 212.9 302.8 330.4 355.3
Net Debt 1 3,561 3,787 4,397 4,717 5,232 5,231 5,212 5,204
Reference price 2 29.46 31.15 34.92 27.07 26.20 24.40 24.40 24.40
Nbr of stocks (in thousands) 201,600 201,828 183,667 175,524 167,142 167,142 - -
Announcement Date 4/28/22 4/25/23 4/30/24 5/1/25 4/30/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.15x4x18.5x0.8% 93.6B
15.73x4.9x12.47x1.98% 74.28B
38.12x6.5x20.83x0.19% 71.88B
11.76x2.11x8.14x2.32% 34.64B
27.52x10.48x18.76x1.3% 23.76B
48.75x2.58x15.74x0.38% 14.97B
16.11x2.83x8.04x4.94% 12.83B
19.79x2.31x10.54x3.29% 11.57B
44.75x8.87x25.99x0.47% 10.6B
Average 28.30x 4.95x 15.45x 1.74% 38.68B
Weighted average by Cap. 27.63x 4.95x 16.14x 1.32%

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