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 4,374 3,894 - -
Change - 5.86% 2.02% -25.92% -7.95% -10.96% - -
Enterprise Value (EV) 1 9,500 10,074 10,810 9,468 9,606 9,088 9,067 9,054
Change - 6.04% 7.31% -12.41% 1.45% -5.39% -0.23% -0.15%
P/E 141x 22.7x 21.8x 19.3x 21.4x 13x 11.9x 11x
PBR 1.44x 1.53x 1.83x 1.43x 1.4x 1.2x 1.17x 1.13x
PEG - 0x 1.3x -1.6x -1.7x 0.3x 1.26x 1.34x
Capitalization / Revenue 3.49x 2.39x 2.17x 1.63x 1.5x 1.34x 1.29x 1.23x
EV / Revenue 5.58x 3.84x 3.65x 3.24x 3.29x 3.12x 3.01x 2.87x
EV / EBITDA 19.8x 11.3x 10.2x 9.19x 8.94x 8.71x 8.18x 7.68x
EV / EBIT 62x 18.5x 16x 15x 14.8x 15.2x 14x 13x
EV / FCF 33.1x 31.7x 27.2x 33.4x 128x 23.4x 27.7x 23.6x
FCF Yield 3.02% 3.16% 3.68% 2.99% 0.78% 4.26% 3.61% 4.24%
Dividend per Share 2 0.347 0.742 0.97 0.97 0.97 0.9318 0.9854 1.068
Rate of return 1.18% 2.38% 2.78% 3.58% 3.7% 4% 4.23% 4.58%
EPS 2 0.209 1.375 1.599 1.406 1.224 1.79 1.959 2.12
Distribution rate 166% 54% 60.7% 69% 79.2% 52.1% 50.3% 50.4%
Net sales 1 1,703 2,625 2,960 2,922 2,920 2,913 3,011 3,155
EBITDA 1 480.2 888 1,057 1,030 1,074 1,043 1,108 1,178
EBIT 1 153.3 543.5 674.2 629.6 648.9 599.7 648 698.9
Net income 1 42.5 278.8 312.1 253.7 212.9 305 331.3 352.6
Net Debt 1 3,561 3,787 4,397 4,717 5,232 5,194 5,173 5,159
Reference price 2 29.46 31.15 34.92 27.07 26.20 23.30 23.30 23.30
Nbr of stocks (in thousands) 201,600 201,828 183,667 175,524 166,942 167,142 - -
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.($)
16.18x2.9x8.29x4.89% 12.59B
17.87x5.71x11.5x2.15% 5.98B
18.53x4.21x10.72x1.06% 4.94B
14.68x2.05x8.48x3.35% 4.35B
16.34x1.58x7.52x3.39% 2.6B
16.95x1.25x7.67x2.09% 2.28B
20.36x2.89x9.59x3.63% 1.96B
Average 17.27x 2.94x 9.11x 2.94% 4.96B
Weighted average by Cap. 16.92x 3.26x 9.19x 3.31%

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