Financials S&U plc

Equities

Market Closed - London S.E. Other stock markets 11:35:26 2024-04-26 am EDT			5-day change	1st Jan Change
1,910 ^GBX	+1.06%		+3.80%	-12.59%

Apr. 09	Transcript : S&U plc, 2024 Earnings Call, Apr 09, 2024
Apr. 09	S&U trims payout as annual profit declines despite revenue climb	AN

Fiscal Period: January	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	251	264.2	251.2	327.9	250.3	232.1	-	-
Enterprise Value (EV) ¹	359.5	382.7	351	442.4	443.7	250.3	500.5	529.1
P/E ratio	9.01 x	9.11 x	17.1 x	8.63 x	7.42 x	9.85 x	8.33 x	7.15 x
Yield	5.65%	5.5%	4.35%	4.67%	6.46%	6.49%	6.53%	6.97%
Capitalization / Revenue	2.81 x	2.94 x	3 x	3.73 x	2.44 x	2.17 x	1.79 x	1.65 x
EV / Revenue	4.03 x	4.26 x	4.19 x	5.03 x	4.32 x	2.17 x	3.87 x	3.76 x
EV / EBITDA	9.1 x	9.47 x	15.8 x	8.62 x	8.98 x	5.09 x	8.66 x	8.05 x
EV / FCF	-	82,470,379 x	11,062,690 x	-179,019,433 x	-	-	-	-
FCF Yield	-	0%	0%	-0%	-	-	-	-
Price to Book	-	1.46 x	1.39 x	1.59 x	1.11 x	0.99 x	0.94 x	0.88 x
Nbr of stocks (in thousands)	12,011	12,120	12,134	12,145	12,151	12,151	-	-
Reference price ²	20.90	21.80	20.70	27.00	20.60	19.10	19.10	19.10
Announcement Date	3/26/19	4/8/20	3/30/21	3/29/22	3/28/23	4/9/24	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: January	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	89.22	89.94	83.76	87.89	102.7	115.4	129.4	140.6
EBITDA ¹	39.52	40.43	22.22	51.32	49.43	49.16	57.81	65.69
EBIT ¹	39.1	39.98	21.7	50.79	48.9	48.65	56.81	64.15
Operating Margin	43.83%	44.46%	25.9%	57.79%	47.61%	42.14%	43.91%	45.64%
Earnings before Tax (EBT) ¹	34.56	35.13	18.13	47.02	41.41	33.58	37.19	43.63
Net income ¹	27.99	28.88	14.65	37.98	33.72	25.44	28.05	32.71
Net margin	31.37%	32.11%	17.49%	43.22%	32.83%	22.04%	21.68%	23.27%
EPS ²	2.320	2.394	1.207	3.127	2.775	2.092	2.294	2.673
Free Cash Flow	-	4.641	31.72	-2.471	-	-	-	-
FCF margin	-	5.16%	37.88%	-2.81%	-	-	-	-
FCF Conversion (EBITDA)	-	11.48%	142.8%	-	-	-	-	-
FCF Conversion (Net income)	-	16.07%	216.61%	-	-	-	-	-
Dividend per Share ²	1.180	1.200	0.9000	1.260	1.330	1.240	1.247	1.331
Announcement Date	3/26/19	4/8/20	3/30/21	3/29/22	3/28/23	4/9/24	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: January	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	108	119	99.8	114	193	221	268	297
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.745 x	2.931 x	4.492 x	2.23 x	3.913 x	4.534 x	4.644 x	4.521 x
Free Cash Flow	-	4.64	31.7	-2.47	-	-	-	-
ROE (net income / shareholders' equity)	17.6%	16.8%	8.13%	19.6%	15.6%	11%	11.6%	12.7%
ROA (Net income/ Total Assets)	-	9.84%	-	12.4%	8.93%	5.7%	5.9%	6.2%
Assets ¹	-	293.4	-	306	377.7	439.7	475.4	527.6
Book Value Per Share ²	-	14.90	14.90	17.00	18.50	19.20	20.30	21.80
Cash Flow per Share	2.440	2.400	0.9900	3.200	-	-	-	-
Capex	0.83	0.31	-	-	-	-	-	-
Capex / Sales	0.93%	0.34%	-	-	-	-	-	-
Announcement Date	3/26/19	4/8/20	3/30/21	3/29/22	3/28/23	4/9/24	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

19.1 GBP

Average target price

22.9 GBP

Spread / Average Target

+19.90%

	1st Jan change	Capi.
S&U PLC	-12.59%	289M
BAJAJ FINANCE LIMITED	-8.14%	49.88B
BAJAJ FINSERV LTD.	-5.25%	30.53B
JIO FINANCIAL SERVICES LIMITED	+63.88%	29.08B
ORIX CORPORATION	+20.03%	23.38B
SYNCHRONY FINANCIAL	+16.97%	17.94B
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED	-6.99%	11.81B
SHRIRAM FINANCE LIMITED	+21.92%	11.27B
SOFI TECHNOLOGIES, INC.	-20.90%	8.31B
MUTHOOT FINANCE LIMITED	+14.34%	8.13B