Company Valuation: Forterra plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 627.2 386.2 364.4 341.2 390 290.9 - -
Change - -38.43% -5.63% -6.37% 14.31% -25.41% - -
Enterprise Value (EV) 1 602.8 410.1 481.8 447 465.6 372.7 360.5 342
Change - -31.98% 17.5% -7.23% 4.17% -19.95% -3.27% -5.13%
P/E 14x 6.86x 28.5x 19.5x 23.2x 14.1x 11.6x 9.56x
PBR 2.68x 1.83x 1.81x 1.52x 1.68x 1.29x 1.24x 1.15x
PEG - 0.2x -0.4x 0.6x -6.42x 0.5x 0.5x 0.5x
Capitalization / Revenue 1.69x 0.85x 1.05x 0.99x 1.01x 0.82x 0.78x 0.73x
EV / Revenue 1.63x 0.9x 1.39x 1.3x 1.21x 1.05x 0.96x 0.85x
EV / EBITDA 8.56x 4.6x 8.29x 8.6x 7.56x 6.74x 5.93x 4.91x
EV / EBIT 11.2x 5.64x 12.6x 14.3x 11.1x 10.8x 9.13x 7.15x
EV / FCF 17.1x 9.13x -10.6x 16.9x 8.69x 17.4x 11.7x 9.65x
FCF Yield 5.84% 10.9% -9.4% 5.91% 11.5% 5.75% 8.58% 10.4%
Dividend per Share 2 0.099 0.146 0.044 0.03 0.062 0.0501 0.0609 0.0756
Rate of return 3.59% 7.82% 2.49% 1.85% 3.34% 3.53% 4.29% 5.33%
EPS 2 0.197 0.272 0.062 0.083 0.08 0.1006 0.1224 0.1483
Distribution rate 50.3% 53.7% 71% 36.1% 77.5% 49.8% 49.7% 51%
Net sales 1 370.4 455.5 346.4 344.3 386 355.4 374.5 400.5
EBITDA 1 70.4 89.2 58.1 52 61.6 55.29 60.82 69.66
EBIT 1 54 72.7 38.1 31.2 42 34.42 39.5 47.8
Net income 1 45.5 58.8 12.8 17.5 17 21.08 25.22 30.87
Net Debt 1 -24.4 23.9 117.4 105.8 75.6 81.79 69.61 51.1
Reference price 2 2.760 1.866 1.768 1.620 1.854 1.418 1.418 1.418
Nbr of stocks (in thousands) 227,258 206,948 206,112 210,614 210,370 205,168 - -
Announcement Date 10/3/22 9/3/23 26/3/24 12/3/25 11/3/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.36x1.06x6.84x3.47% 404M
16.17x1.91x9.18x1.64% 63.25B
30.63x4.82x16.07x0.76% 35.77B
34.65x3.58x18.32x0.88% 35.57B
12.63x1.5x6.93x2.43% 32.68B
31.53x5.06x15.33x0.64% 32.13B
19.06x2.29x9.09x1.14% 24.91B
22.04x6.38x13.19x2.14% 24.82B
75.67x4.71x72.94x0.3% 23.45B
11.49x1.22x5.98x0.9% 16.09B
Average 26.82x 3.25x 17.39x 1.43% 28.91B
Weighted average by Cap. 26.86x 3.38x 16.91x 1.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Forterra plc