B&M EUROPEAN VALUE RETAIL S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 527.8 GBX | +1.85% |
|
+3.41% | -5.78% |
| Apr. 22 | New record close for FTSE 100 as war fears ease | AN |
| Apr. 22 | Jefferies Upgrades B&M European Value Retail to Hold from Underperform, Boosts PT | MT |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,692 | 2,958 | 5,346 | 5,603 | 4,658 | 5,293 | - | - |
| Enterprise Value (EV) 1 | 4,303 | 4,598 | 7,157 | 7,671 | 4,658 | 7,322 | 7,305 | 7,236 |
| P/E ratio | 18 x | 32.8 x | 12.5 x | 13.3 x | 13.4 x | 13.9 x | 13.2 x | 12.1 x |
| Yield | 2.06% | 2.74% | 11.7% | 2.95% | - | 2.98% | 3.05% | 3.46% |
| Capitalization / Revenue | 1.06 x | 0.78 x | 1.11 x | 1.2 x | 0.93 x | 0.97 x | 0.9 x | 0.83 x |
| EV / Revenue | 1.23 x | 1.21 x | 1.49 x | 1.64 x | 0.93 x | 1.34 x | 1.24 x | 1.14 x |
| EV / EBITDA | 13.8 x | 8.7 x | 8.58 x | 9.26 x | 5.85 x | 8.42 x | 7.84 x | 7.24 x |
| EV / FCF | 40.6 x | 11 x | 9.69 x | 19.4 x | - | 20.3 x | 20.1 x | 17.8 x |
| FCF Yield | 2.46% | 9.09% | 10.3% | 5.15% | - | 4.92% | 4.97% | 5.62% |
| Price to Book | 3.49 x | 3.41 x | 7.29 x | 7.51 x | - | 7.14 x | 6.83 x | 6.86 x |
| Nbr of stocks (in thousands) | 1,000,561 | 1,000,583 | 1,000,820 | 1,001,227 | 1,001,854 | 1,002,791 | - | - |
| Reference price 2 | 3.690 | 2.956 | 5.342 | 5.596 | 4.649 | 5.278 | 5.278 | 5.278 |
| Announcement Date | 5/23/19 | 6/11/20 | 6/3/21 | 5/31/22 | 6/19/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,486 | 3,813 | 4,801 | 4,673 | 4,983 | 5,455 | 5,891 | 6,375 |
| EBITDA 1 | 312.3 | 528.5 | 833.9 | 828 | 796 | 869.4 | 931.4 | 998.8 |
| EBIT 1 | 262.7 | 325.1 | 618.7 | 601 | 536 | 614 | 655 | 703.6 |
| Operating Margin | 7.53% | 8.52% | 12.89% | 12.86% | 10.76% | 11.25% | 11.12% | 11.04% |
| Earnings before Tax (EBT) 1 | 249.4 | 252 | 525.4 | 525 | 436 | 512.6 | 543.2 | 599.5 |
| Net income 1 | 205.2 | 90.03 | 428.1 | 422 | 348 | 382 | 402.7 | 439.6 |
| Net margin | 5.88% | 2.36% | 8.92% | 9.03% | 6.98% | 7% | 6.84% | 6.9% |
| EPS 2 | 0.2050 | 0.0900 | 0.4270 | 0.4210 | 0.3470 | 0.3796 | 0.3999 | 0.4374 |
| Free Cash Flow 1 | 105.9 | 418.1 | 738.7 | 395 | - | 360.2 | 363 | 406.8 |
| FCF margin | 3.04% | 10.96% | 15.39% | 8.45% | - | 6.6% | 6.16% | 6.38% |
| FCF Conversion (EBITDA) | 33.9% | 79.12% | 88.58% | 47.71% | - | 41.43% | 38.97% | 40.73% |
| FCF Conversion (Net income) | 51.6% | 464.45% | 172.55% | 93.6% | - | 94.29% | 90.13% | 92.54% |
| Dividend per Share 2 | 0.0760 | 0.0810 | 0.6230 | 0.1650 | - | 0.1573 | 0.1612 | 0.1829 |
| Announcement Date | 5/23/19 | 6/11/20 | 6/3/21 | 5/31/22 | 6/19/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 Q4 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 Q4 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,903 | 1,910 | 2,242 | 2,559 | 2,268 | 1,203 | 2,405 | 2,309 | 2,674 | 2,549 | 1,290 | 2,935 |
| EBITDA | 139.2 | - | 295.6 | 538.3 | 385.3 | - | 443 | 232 | 564 | - | - | - |
| EBIT | 108.5 | - | 282.6 | 336.1 | - | - | - | 197 | 339 | 229 | - | - |
| Operating Margin | 5.7% | - | 12.6% | 13.13% | - | - | - | 8.53% | 12.68% | 8.98% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | 241.4 | - | 283.6 | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | 164 | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | 6.43% | - | - |
| EPS | - | - | - | - | 0.1900 | - | - | - | - | 0.1630 | - | - |
| Dividend per Share | 0.0270 | - | - | 0.6230 | 0.0500 | - | 0.1150 | 0.0500 | - | 0.0510 | - | - |
| Announcement Date | 11/12/19 | 6/11/20 | 11/12/20 | 6/3/21 | 11/11/21 | 5/31/22 | 5/31/22 | 11/10/22 | 6/19/23 | 11/9/23 | - | - |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 611 | 1,640 | 1,811 | 2,068 | - | 2,029 | 2,012 | 1,943 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.956 x | 3.104 x | 2.171 x | 2.498 x | - | 2.334 x | 2.16 x | 1.945 x |
| Free Cash Flow 1 | 106 | 418 | 739 | 395 | - | 360 | 363 | 407 |
| ROE (net income / shareholders' equity) | 20.8% | 19.4% | 53.3% | 55.7% | - | 50.8% | 50.6% | 52.8% |
| ROA (Net income/ Total Assets) | 9.35% | 5.6% | 12.3% | 11.8% | - | 10.1% | 9.69% | 10.3% |
| Assets 1 | 2,194 | 1,609 | 3,475 | 3,583 | - | 3,764 | 4,158 | 4,265 |
| Book Value Per Share 2 | 1.060 | 0.8700 | 0.7300 | 0.7500 | - | 0.7400 | 0.7700 | 0.7700 |
| Cash Flow per Share 2 | 0.2100 | 0.5400 | 0.8200 | 0.4900 | - | 0.5500 | 0.5900 | 0.6000 |
| Capex 1 | 106 | 125 | 87.9 | 96 | - | 111 | 120 | 129 |
| Capex / Sales | 3.05% | 3.27% | 1.83% | 2.05% | - | 2.04% | 2.04% | 2.03% |
| Announcement Date | 5/23/19 | 6/11/20 | 6/3/21 | 5/31/22 | 6/19/23 | - | - | - |
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+
Sell
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
5.278
GBP
Average target price
6.265
GBP
Spread / Average Target
+18.71%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -5.78% | 6.59B | |
| +10.47% | 323B | |
| +15.67% | 76.06B | |
| -7.14% | 67.53B | |
| +4.50% | 31.21B | |
| +21.08% | 23.54B | |
| +10.91% | 14.15B | |
| +14.99% | 10.19B | |
| +17.59% | 9.07B | |
| -1.88% | 4.57B |
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- Financials B&M European Value Retail S.A.
