SOFTCAT PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,576 GBX | +0.57% |
|
+1.68% | +15.88% |
| Apr. 22 | HSBC Boosts Softcat PT, Keeps Rating at Buy | MT |
| Apr. 22 | Jefferies raises B&M to 'hold' | AN |
Valuation
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,884 | 2,496 | 3,834 | 2,772 | 2,984 | 3,139 | - | - |
| Enterprise Value (EV) 1 | 1,804 | 2,416 | 3,732 | 2,675 | 2,862 | 2,998 | 2,962 | 2,920 |
| P/E ratio | 27.7 x | 33 x | 40.1 x | 25.2 x | 26.8 x | 27.2 x | 24.7 x | 22.4 x |
| Yield | 1.56% | 1.92% | 2.14% | 2.62% | 2.51% | 2.56% | 2.63% | 2.81% |
| Capitalization / Revenue | 1.9 x | 2.32 x | 3.31 x | 2.57 x | 3.03 x | 3.22 x | 2.88 x | 2.6 x |
| EV / Revenue | 1.82 x | 2.24 x | 3.23 x | 2.48 x | 2.9 x | 3.08 x | 2.72 x | 2.42 x |
| EV / EBITDA | 20.6 x | 25.3 x | 30.6 x | 19 x | 19.5 x | 18.6 x | 16.5 x | 14.6 x |
| EV / FCF | 28.9 x | 42.8 x | 44 x | 34 x | 28 x | 29.5 x | 26.7 x | 23.4 x |
| FCF Yield | 3.46% | 2.34% | 2.27% | 2.94% | 3.57% | 3.39% | 3.75% | 4.27% |
| Price to Book | 16.3 x | 17.8 x | 21.4 x | 13.1 x | 11.9 x | 10.8 x | 9.09 x | 7.7 x |
| Nbr of stocks (in thousands) | 197,453 | 197,946 | 198,326 | 198,725 | 198,949 | 199,167 | - | - |
| Reference price 2 | 9.540 | 12.61 | 19.33 | 13.95 | 15.00 | 15.76 | 15.76 | 15.76 |
| Announcement Date | 10/23/19 | 10/20/20 | 10/26/21 | 10/25/22 | 10/24/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 991.8 | 1,077 | 1,157 | 1,078 | 985.3 | 974.7 | 1,090 | 1,208 |
| EBITDA 1 | 87.74 | 95.35 | 122 | 140.7 | 147 | 160.9 | 180 | 199.3 |
| EBIT 1 | 84.49 | 93.73 | 119.4 | 136.1 | 140.9 | 153.7 | 171.7 | 190.2 |
| Operating Margin | 8.52% | 8.7% | 10.32% | 12.63% | 14.3% | 15.77% | 15.75% | 15.74% |
| Earnings before Tax (EBT) 1 | 84.82 | 93.62 | 119 | 136.1 | 141.9 | 154.5 | 169.8 | 188.1 |
| Net income 1 | 68.46 | 75.66 | 96.18 | 110.4 | 112 | 115.8 | 127.5 | 141.5 |
| Net margin | 6.9% | 7.02% | 8.32% | 10.24% | 11.37% | 11.89% | 11.7% | 11.71% |
| EPS 2 | 0.3440 | 0.3820 | 0.4820 | 0.5530 | 0.5600 | 0.5794 | 0.6370 | 0.7046 |
| Free Cash Flow 1 | 62.49 | 56.51 | 84.82 | 78.67 | 102.3 | 101.6 | 111 | 124.7 |
| FCF margin | 6.3% | 5.25% | 7.33% | 7.3% | 10.38% | 10.42% | 10.19% | 10.32% |
| FCF Conversion (EBITDA) | 71.22% | 59.26% | 69.5% | 55.93% | 69.56% | 63.11% | 61.67% | 62.58% |
| FCF Conversion (Net income) | 91.28% | 74.68% | 88.18% | 71.26% | 91.28% | 87.67% | 87.08% | 88.16% |
| Dividend per Share 2 | 0.1490 | 0.2420 | 0.4130 | 0.3650 | 0.3760 | 0.4040 | 0.4146 | 0.4422 |
| Announcement Date | 10/23/19 | 10/20/20 | 10/26/21 | 10/25/22 | 10/24/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: July | 2020 S1 | 2020 S2 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 553 | - | 770.9 | 307 | 512.4 | 472.9 | 467.2 | 443.8 | - | - |
| EBITDA | - | - | - | - | - | - | 80.97 | 69.92 | - | - | - |
| EBIT 1 | - | 53.26 | 57.06 | 64.13 | 72.01 | 63.07 | 77.83 | 66.73 | 85.5 | - | - |
| Operating Margin | - | 9.63% | - | 8.32% | 23.46% | 12.31% | 16.46% | 14.28% | 19.27% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | 64.2 | 71.94 | 63.12 | 78.74 | 68.22 | 86.2 | - | - |
| Net income 1 | - | 42.63 | - | 52.02 | 58.38 | 49.84 | 62.19 | 51.05 | 64.7 | - | - |
| Net margin | - | 7.71% | - | 6.75% | 19.02% | 9.73% | 13.15% | 10.93% | 14.58% | - | - |
| EPS 2 | - | - | - | 0.2600 | 0.2930 | 0.2600 | 0.3000 | 0.2550 | 0.3143 | 0.2715 | 0.3322 |
| Dividend per Share | 0.0540 | - | - | 0.0730 | 0.2920 | - | 0.2960 | - | - | - | - |
| Announcement Date | - | 10/20/20 | - | 3/22/22 | 10/25/22 | 3/28/23 | 10/24/23 | 3/26/24 | - | - | - |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 79.3 | 80.1 | 102 | 97.3 | 123 | 141 | 177 | 219 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 62.5 | 56.5 | 84.8 | 78.7 | 102 | 102 | 111 | 125 |
| ROE (net income / shareholders' equity) | - | 59.1% | 60.1% | 56.6% | 48.4% | 42.7% | 41.3% | 38.6% |
| ROA (Net income/ Total Assets) | - | - | - | - | 17% | 15.8% | 14.8% | 14.7% |
| Assets 1 | - | - | - | - | 659.9 | 733.2 | 861.5 | 962.5 |
| Book Value Per Share 2 | 0.5800 | 0.7100 | 0.9000 | 1.060 | 1.260 | 1.460 | 1.730 | 2.050 |
| Cash Flow per Share 2 | 0.3300 | 0.3200 | 0.4600 | 0.4200 | 0.5200 | 0.5600 | 0.5800 | 0.6400 |
| Capex 1 | 2.17 | 7.66 | 2.27 | 1.89 | 2.54 | 5.03 | 4.41 | 4.68 |
| Capex / Sales | 0.22% | 0.71% | 0.2% | 0.18% | 0.26% | 0.52% | 0.4% | 0.39% |
| Announcement Date | 10/23/19 | 10/20/20 | 10/26/21 | 10/25/22 | 10/24/23 | - | - | - |
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
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
15.76
GBP
Average target price
16.45
GBP
Spread / Average Target
+4.36%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +15.88% | 3.91B | |
| -12.23% | 194B | |
| +0.74% | 166B | |
| +2.19% | 153B | |
| +4.34% | 99.85B | |
| +7.04% | 77.56B | |
| +19.09% | 73.55B | |
| -7.30% | 71B | |
| -20.54% | 52.81B | |
| +0.53% | 47.86B |
- Stock Market
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- Financials Softcat plc
