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 3,883 - -
Change - 5.86% 2.02% -25.92% -7.84% -11.34% - -
Enterprise Value (EV) 1 9,500 10,074 10,810 9,468 9,611 9,075 9,053 9,040
Change - 6.04% 7.31% -12.41% 1.51% -5.58% -0.24% -0.15%
P/E 141x 22.7x 21.8x 19.3x 21.4x 12.9x 11.8x 10.9x
PBR 1.44x 1.53x 1.83x 1.43x 1.4x 1.2x 1.16x 1.12x
PEG - 0x 1.3x -1.6x -1.7x 0.3x 1.26x 1.25x
Capitalization / Revenue 3.49x 2.39x 2.17x 1.63x 1.5x 1.33x 1.29x 1.23x
EV / Revenue 5.58x 3.84x 3.65x 3.24x 3.29x 3.11x 3.01x 2.87x
EV / EBITDA 19.8x 11.3x 10.2x 9.19x 8.95x 8.68x 8.15x 7.64x
EV / EBIT 62x 18.5x 16x 15x 14.8x 15.1x 13.9x 12.9x
EV / FCF 33.1x 31.7x 27.2x 33.4x 128x 23.4x 26.9x 23.1x
FCF Yield 3.02% 3.16% 3.68% 2.99% 0.78% 4.27% 3.71% 4.34%
Dividend per Share 2 0.347 0.742 0.97 0.97 0.97 0.9326 0.9882 1.074
Rate of return 1.18% 2.38% 2.78% 3.58% 3.7% 4.01% 4.25% 4.62%
EPS 2 0.209 1.375 1.599 1.406 1.224 1.796 1.964 2.135
Distribution rate 166% 54% 60.7% 69% 79.2% 51.9% 50.3% 50.3%
Net sales 1 1,703 2,625 2,960 2,922 2,920 2,916 3,005 3,153
EBITDA 1 480.2 888 1,057 1,030 1,074 1,045 1,111 1,183
EBIT 1 153.3 543.5 674.2 629.6 648.9 602.2 650.8 703.4
Net income 1 42.5 278.8 312.1 253.7 212.9 306 332.2 355.1
Net Debt 1 3,561 3,787 4,397 4,717 5,232 5,192 5,171 5,157
Reference price 2 29.46 31.15 34.92 27.07 26.20 23.23 23.23 23.23
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.($)
16.55x2.96x8.41x4.84% 13.33B
12.94x3.11x8.68x4.01% 5.24B
15.2x5.13x10.22x2.56% 5.01B
14.2x1.93x7.98x3.14% 4.3B
18.47x3.86x9.82x1.19% 4.35B
17.14x1.69x7.32x3.52% 2.76B
17.24x1.26x7.66x2.02% 2.44B
Average 15.96x 2.85x 8.58x 3.04% 5.35B
Weighted average by Cap. 15.90x 3.05x 8.68x 3.52%

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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