Financials Petershill Partners PLC

Equities

PHLL

GB00BL9ZF303

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 11:35:15 2024-05-10 am EDT			5-day change	1st Jan Change
201.5 ^GBX	+0.75%		-2.66%	+18.81%

May. 10	UBS raises Trainline, cuts Kingspan	AN
May. 02	Deutsche Bank likes TP ICAP but says sell CMC	AN

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,175	1,919	1,903	2,256	-	-
Enterprise Value (EV) ¹	3,798	2,239	2,102	2,551	2,598	2,623
P/E ratio	5.59 x	-5.3 x	7.56 x	3.55 x	3.31 x	3.13 x
Yield	0.76%	6.95%	7%	6.33%	6.68%	7.39%
Capitalization / Revenue	11.2 x	6.4 x	8.24 x	7.89 x	6.66 x	5.91 x
EV / Revenue	13.3 x	7.47 x	9.1 x	8.92 x	7.67 x	6.87 x
EV / EBITDA	13 x	8.22 x	9.34 x	9.87 x	8.88 x	7.59 x
EV / FCF	-7.99 x	40.9 x	6.43 x	18 x	14.1 x	12.3 x
FCF Yield	-12.5%	2.45%	15.6%	5.56%	7.09%	8.15%
Price to Book	0.75 x	0.5 x	0.5 x	0.54 x	0.48 x	0.44 x
Nbr of stocks (in thousands)	1,156,696	1,135,400	1,122,324	1,119,579	-	-
Reference price ²	2.745	1.690	1.696	2.015	2.015	2.015
Announcement Date	4/20/22	3/28/23	3/26/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	284.7	299.9	231	286	338.7	381.6
EBITDA ¹	292.7	272.5	225	258.3	292.5	345.7
EBIT ¹	292.7	272.5	225	252.9	295.3	331.7
Operating Margin	102.83%	90.84%	97.36%	88.43%	87.18%	86.94%
Earnings before Tax (EBT) ¹	199.6	-411.7	314.1	524.4	426.1	474.6
Net income ¹	190	-366.9	254	581.3	634.5	676.5
Net margin	66.73%	-122.34%	109.93%	203.25%	187.33%	177.28%
EPS ²	0.4914	-0.3189	0.2245	0.5670	0.6095	0.6435
Free Cash Flow ¹	-475.5	54.77	327	141.9	184.1	213.7
FCF margin	-167.05%	18.26%	141.55%	49.62%	54.36%	55.99%
FCF Conversion (EBITDA)	-	20.1%	145.38%	54.94%	62.94%	61.81%
FCF Conversion (Net income)	-	-	128.77%	24.41%	29.02%	31.58%
Dividend per Share ²	0.0208	0.1175	0.1188	0.1275	0.1347	0.1489
Announcement Date	4/20/22	3/28/23	3/26/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1
Net sales ¹	150.6
EBITDA	-
EBIT ¹	134.8
Operating Margin	89.51%
Earnings before Tax (EBT)	-
Net income ¹	-316.8
Net margin	-210.32%
EPS	-
Dividend per Share ²	0.0307
Announcement Date	9/21/22

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	623	320	199	295	342	367
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.129 x	1.176 x	0.8832 x	1.141 x	1.17 x	1.061 x
Free Cash Flow ¹	-476	54.8	327	142	184	214
ROE (net income / shareholders' equity)	4.68%	5.44%	4.18%	7.75%	7.37%	7.61%
ROA (Net income/ Total Assets)	3.7%	4.39%	3.5%	3.94%	4.67%	4.67%
Assets ¹	5,137	-8,362	7,259	14,768	13,579	14,480
Book Value Per Share ²	3.660	3.370	3.410	3.760	4.160	4.620
Cash Flow per Share ²	-0.2300	0.1500	0.4300	0.2000	0.2100	0.2700
Capex ¹	-	121	162	122	122	-
Capex / Sales	-	40.44%	69.99%	42.52%	35.9%	-
Announcement Date	4/20/22	3/28/23	3/26/24	-	-	-

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

Ratings for Petershill Partners PLC

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.015 GBP

Average target price

2.291 GBP

Spread / Average Target

+13.70%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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Private Equity