BIG YELLOW GROUP PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,084 GBX | +1.69% |
|
+1.50% | -11.29% |
| Apr. 12 | JPMorgan raises Taylor Wimpey, Persimmon | AN |
| Mar. 25 | SocGen raises Sage; Numis cuts Virgin Money | AN |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,641 | 1,667 | 1,949 | 2,808 | 2,141 | 2,115 | - | - |
| Enterprise Value (EV) 1 | 1,959 | 2,015 | 2,272 | 3,239 | 2,628 | 2,541 | 2,574 | 2,585 |
| P/E ratio | 12.7 x | 18.1 x | 7.35 x | 4 x | 29.4 x | 166 x | 12.2 x | 11.4 x |
| Yield | 3.35% | 3.37% | 3.05% | 2.73% | 3.87% | 4.16% | 4.35% | 4.58% |
| Capitalization / Revenue | 13.1 x | 12.9 x | 14.4 x | 16.4 x | 11.3 x | 10.7 x | 10.2 x | 9.5 x |
| EV / Revenue | 15.6 x | 15.6 x | 16.8 x | 18.9 x | 13.9 x | 12.8 x | 12.4 x | 11.6 x |
| EV / EBITDA | 25 x | 24.6 x | 27.2 x | 29.7 x | 21.5 x | 19.6 x | 18.8 x | 18 x |
| EV / FCF | 27.3 x | 33.9 x | 614 x | 1,631 x | 472 x | 31.7 x | 23.2 x | 108 x |
| FCF Yield | 3.66% | 2.95% | 0.16% | 0.06% | 0.21% | 3.15% | 4.31% | 0.93% |
| Price to Book | 1.46 x | 1.43 x | 1.34 x | 1.29 x | 0.98 x | 0.94 x | 0.92 x | 0.86 x |
| Nbr of stocks (in thousands) | 165,542 | 166,016 | 174,758 | 182,844 | 183,143 | 195,072 | - | - |
| Reference price 2 | 9.915 | 10.04 | 11.15 | 15.36 | 11.69 | 10.84 | 10.84 | 10.84 |
| Announcement Date | 5/21/19 | 6/9/20 | 5/25/21 | 5/23/22 | 5/22/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 125.4 | 129.3 | 135.2 | 171.3 | 188.8 | 198.3 | 207.5 | 222.5 |
| EBITDA 1 | 78.45 | 81.85 | 83.59 | 109.1 | 122.5 | 129.5 | 137.1 | 143.3 |
| EBIT 1 | 76.66 | 79.98 | 81.49 | 106.6 | 120 | 126.7 | 130 | 138.5 |
| Operating Margin | 61.13% | 61.85% | 60.26% | 62.21% | 63.55% | 63.89% | 62.65% | 62.24% |
| Earnings before Tax (EBT) 1 | 126.9 | 93.45 | 265.8 | 698.9 | 75.31 | 220.7 | 172 | 192.3 |
| Net income 1 | 126.5 | 92.58 | 265.2 | 697.3 | 73.33 | 218.8 | 169.9 | 190.3 |
| Net margin | 100.87% | 71.59% | 196.08% | 407.01% | 38.84% | 110.34% | 81.88% | 85.54% |
| EPS 2 | 0.7800 | 0.5560 | 1.518 | 3.842 | 0.3980 | 0.0653 | 0.8870 | 0.9531 |
| Free Cash Flow 1 | 71.81 | 59.51 | 3.702 | 1.986 | 5.564 | 80.06 | 111 | 24 |
| FCF margin | 57.26% | 46.02% | 2.74% | 1.16% | 2.95% | 40.37% | 53.51% | 10.79% |
| FCF Conversion (EBITDA) | 91.53% | 72.7% | 4.43% | 1.82% | 4.54% | 61.84% | 81.01% | 16.75% |
| FCF Conversion (Net income) | 56.76% | 64.28% | 1.4% | 0.28% | 7.59% | 36.59% | 65.35% | 12.61% |
| Dividend per Share 2 | 0.3320 | 0.3380 | 0.3400 | 0.4200 | 0.4520 | 0.4506 | 0.4716 | 0.4964 |
| Announcement Date | 5/21/19 | 6/9/20 | 5/25/21 | 5/23/22 | 5/22/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S1 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | 41.12 | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | 41.42 | 51.56 | 55.89 | 61.91 | 58.09 | 65.66 | 64.02 | 68.84 | 67.15 |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | 0.1710 | 0.1700 | - | 0.2060 | - | 0.2230 | - | 0.2260 | - | - | - |
| Announcement Date | 11/19/19 | 11/17/20 | 5/25/21 | 11/22/21 | 5/23/22 | 11/21/22 | 5/22/23 | 11/20/23 | - | - | - |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 318 | 348 | 323 | 430 | 487 | 426 | 460 | 470 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.053 x | 4.255 x | 3.866 x | 3.942 x | 3.974 x | 3.29 x | 3.355 x | 3.281 x |
| Free Cash Flow 1 | 71.8 | 59.5 | 3.7 | 1.99 | 5.56 | 80.1 | 111 | 24 |
| ROE (net income / shareholders' equity) | 6.38% | 6.13% | 5.65% | 5.23% | 4.77% | 5.31% | 4.9% | 4.97% |
| ROA (Net income/ Total Assets) | 4.64% | 4.47% | 4.28% | 4.22% | - | 3.83% | 3.96% | - |
| Assets 1 | 2,724 | 2,070 | 6,198 | 16,526 | - | 5,709 | 4,286 | - |
| Book Value Per Share 2 | 6.790 | 7.010 | 8.320 | 11.90 | 11.90 | 11.50 | 11.80 | 12.60 |
| Cash Flow per Share 2 | 0.4300 | 0.4400 | 0.4400 | 0.5900 | 0.6100 | 0.6000 | 0.6500 | 0.7000 |
| Capex 1 | 83 | 63.7 | 73 | 105 | 106 | 70.6 | 74.7 | 41.4 |
| Capex / Sales | 66.21% | 49.3% | 53.99% | 61.38% | 56.35% | 35.62% | 36% | 18.61% |
| Announcement Date | 5/21/19 | 6/9/20 | 5/25/21 | 5/23/22 | 5/22/23 | - | - | - |
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
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
10.84
GBP
Average target price
12.11
GBP
Spread / Average Target
+11.76%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -11.29% | 2.63B | |
| -15.50% | 45.28B | |
| -16.75% | 28.24B | |
| -12.06% | 9.17B | |
| -15.96% | 3.92B | |
| -15.79% | 2.73B | |
| -13.69% | 2.08B | |
| -2.65% | 943M | |
| -14.83% | 896M | |
| -13.37% | 422M |
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