NEXT PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,120 GBX | +0.18% |
|
+3.94% | +12.34% |
| Apr. 22 | New record close for FTSE 100 as war fears ease | AN |
| Apr. 22 | Jefferies raises B&M to 'hold' | AN |
Valuation
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,967 | 10,247 | 9,495 | 8,226 | 10,291 | 11,004 | - | - |
| Enterprise Value (EV) 1 | 11,368 | 12,081 | 11,152 | 10,037 | 10,291 | 12,595 | 12,390 | 11,938 |
| P/E ratio | 15 x | 36.2 x | 14.2 x | 11.6 x | 13 x | 15.1 x | 14.1 x | 13.3 x |
| Yield | 2.48% | - | 5.34% | 3.1% | - | 2.44% | 2.63% | 2.82% |
| Capitalization / Revenue | 2.06 x | 2.83 x | 1.95 x | 1.52 x | 1.89 x | 1.88 x | 1.8 x | 1.75 x |
| EV / Revenue | 2.61 x | 3.33 x | 2.29 x | 1.85 x | 1.89 x | 2.15 x | 2.03 x | 1.9 x |
| EV / EBITDA | 11.6 x | 15.5 x | 10 x | 9.06 x | 8.33 x | 10.2 x | 9.57 x | 8.82 x |
| EV / FCF | 14.4 x | 18.3 x | 14.2 x | 16.9 x | - | 19.3 x | 17.9 x | 15.3 x |
| FCF Yield | 6.96% | 5.48% | 7.06% | 5.91% | - | 5.19% | 5.59% | 6.54% |
| Price to Book | 21.2 x | 16.2 x | 9.76 x | 7.02 x | - | 5.97 x | 5.23 x | 4.12 x |
| Nbr of stocks (in thousands) | 127,766 | 127,518 | 127,822 | 123,961 | 120,955 | 120,657 | - | - |
| Reference price 2 | 70.18 | 80.36 | 74.28 | 66.36 | 85.08 | 91.20 | 91.20 | 91.20 |
| Announcement Date | 3/19/20 | 4/1/21 | 3/24/22 | 3/29/23 | 3/21/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,362 | 3,626 | 4,862 | 5,414 | 5,459 | 5,848 | 6,100 | 6,296 |
| EBITDA 1 | 979 | 777.8 | 1,113 | 1,108 | 1,235 | 1,240 | 1,294 | 1,353 |
| EBIT 1 | 853.9 | 444 | 905.4 | 941.5 | 987.9 | 1,039 | 1,087 | 1,130 |
| Operating Margin | 19.58% | 12.25% | 18.62% | 17.39% | 18.1% | 17.76% | 17.81% | 17.95% |
| Earnings before Tax (EBT) 1 | 748.5 | 342.4 | 823.1 | 869.3 | 1,016 | 956.4 | 1,004 | 1,061 |
| Net income 1 | 610.2 | 286.7 | 677.5 | 711.7 | 802.3 | 721 | 756.4 | 795.6 |
| Net margin | 13.99% | 7.91% | 13.94% | 13.14% | 14.7% | 12.33% | 12.4% | 12.64% |
| EPS 2 | 4.688 | 2.219 | 5.240 | 5.705 | 6.559 | 6.045 | 6.453 | 6.873 |
| Free Cash Flow 1 | 790.8 | 661.8 | 787.4 | 593.7 | - | 653.7 | 692.4 | 781 |
| FCF margin | 18.13% | 18.25% | 16.2% | 10.97% | - | 11.18% | 11.35% | 12.41% |
| FCF Conversion (EBITDA) | 80.78% | 85.09% | 70.77% | 53.56% | - | 52.73% | 53.49% | 57.72% |
| FCF Conversion (Net income) | 129.6% | 230.83% | 116.22% | 83.42% | - | 90.67% | 91.53% | 98.16% |
| Dividend per Share 2 | 1.740 | - | 3.970 | 2.060 | - | 2.226 | 2.400 | 2.571 |
| Announcement Date | 3/19/20 | 4/1/21 | 3/24/22 | 3/29/23 | 3/21/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: January | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 2,303 | 1,290 | 2,269 | 2,120 | 2,646 | 2,380 | - | 2,517 | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 392.5 | 512.9 | 434.4 | 507.1 | 452.5 | 535.4 | 484.7 | 560.1 |
| Operating Margin | - | - | - | 18.52% | 19.38% | 18.26% | - | 17.98% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | 346.7 | 476.4 | 400.6 | 468.7 | 415.7 | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 2.655 | -0.0900 | 2.309 | 2.268 | 2.972 | 2.607 | 3.098 | 2.626 | 3.933 | 2.830 | 3.302 |
| Dividend per Share | - | - | - | 1.100 | 1.270 | - | - | 0.6600 | - | - | - |
| Announcement Date | 3/19/20 | 9/29/21 | 4/1/21 | 9/29/21 | 3/24/22 | 9/29/22 | 3/29/23 | 9/21/23 | 3/21/24 | - | - |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,402 | 1,834 | 1,658 | 1,811 | - | 1,592 | 1,387 | 934 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.453 x | 2.358 x | 1.49 x | 1.634 x | - | 1.284 x | 1.071 x | 0.6905 x |
| Free Cash Flow 1 | 791 | 662 | 787 | 594 | - | 654 | 692 | 781 |
| ROE (net income / shareholders' equity) | 151% | 52% | 81.1% | 65.6% | - | 41.3% | 39% | 32.6% |
| ROA (Net income/ Total Assets) | 16.5% | 7.72% | 17.5% | 17.9% | - | 15.1% | 15.5% | 15.5% |
| Assets 1 | 3,708 | 3,716 | 3,870 | 3,983 | - | 4,791 | 4,891 | 5,134 |
| Book Value Per Share 2 | 3.310 | 4.970 | 7.610 | 9.450 | - | 15.30 | 17.40 | 22.10 |
| Cash Flow per Share 2 | 7.120 | 6.380 | 7.170 | 6.400 | - | 7.720 | 6.820 | 8.050 |
| Capex 1 | 136 | 163 | 184 | 205 | - | 161 | 156 | 146 |
| Capex / Sales | 3.13% | 4.5% | 3.78% | 3.79% | - | 2.75% | 2.55% | 2.32% |
| Announcement Date | 3/19/20 | 4/1/21 | 3/24/22 | 3/29/23 | 3/21/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
91.2
GBP
Average target price
90.6
GBP
Spread / Average Target
-0.66%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.34% | 13.71B | |
| +14.99% | 151B | |
| +18.29% | 80.65B | |
| -3.45% | 44.8B | |
| -15.30% | 44.23B | |
| +1.89% | 26.43B | |
| -5.29% | 11.76B | |
| +8.80% | 9.19B | |
| +2.10% | 7.97B | |
| -3.95% | 7.13B |
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