Company Valuation: Whitbread PLC

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 5,939 6,287 6,414 4,751 4,379 4,110 - -
Change - 5.86% 2.02% -25.92% -7.84% -6.15% - -
Enterprise Value (EV) 1 9,500 10,074 10,810 9,468 9,611 9,304 9,283 9,269
Change - 6.04% 7.31% -12.41% 1.51% -3.2% -0.23% -0.14%
P/E 141x 22.7x 21.8x 19.3x 21.4x 13.7x 12.5x 11.5x
PBR 1.44x 1.53x 1.83x 1.43x 1.4x 1.27x 1.23x 1.19x
PEG - 0x 1.3x -1.6x -1.7x 0.3x 1.33x 1.32x
Capitalization / Revenue 3.49x 2.39x 2.17x 1.63x 1.5x 1.41x 1.37x 1.3x
EV / Revenue 5.58x 3.84x 3.65x 3.24x 3.29x 3.19x 3.09x 2.94x
EV / EBITDA 19.8x 11.3x 10.2x 9.19x 8.95x 8.91x 8.37x 7.85x
EV / EBIT 62x 18.5x 16x 15x 14.8x 15.5x 14.3x 13.2x
EV / FCF 33.1x 31.7x 27.2x 33.4x 128x 24x 27.6x 23.7x
FCF Yield 3.02% 3.16% 3.68% 2.99% 0.78% 4.17% 3.62% 4.23%
Dividend per Share 2 0.347 0.742 0.97 0.97 0.97 0.9318 0.9873 1.073
Rate of return 1.18% 2.38% 2.78% 3.58% 3.7% 3.79% 4.02% 4.36%
EPS 2 0.209 1.375 1.599 1.406 1.224 1.796 1.964 2.135
Distribution rate 166% 54% 60.7% 69% 79.2% 51.9% 50.3% 50.3%
Net sales 1 1,703 2,625 2,960 2,922 2,920 2,913 3,005 3,151
EBITDA 1 480.2 888 1,057 1,030 1,074 1,044 1,109 1,181
EBIT 1 153.3 543.5 674.2 629.6 648.9 600.6 648.9 701
Net income 1 42.5 278.8 312.1 253.7 212.9 306 332.2 355.1
Net Debt 1 3,561 3,787 4,397 4,717 5,232 5,194 5,173 5,159
Reference price 2 29.46 31.15 34.92 27.07 26.20 24.59 24.59 24.59
Nbr of stocks (in thousands) 201,600 201,828 183,667 175,524 167,142 167,142 - -
Announcement Date 28/4/22 25/4/23 30/4/24 1/5/25 30/4/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.52x3.31x9.46x4.41% 14.71B
17.14x5.57x11.08x2.27% 5.64B
13.69x3.19x8.91x3.79% 5.57B
16.22x2.24x9.25x2.76% 4.88B
20.6x4.17x10.62x1.06% 4.86B
17.52x1.69x7.81x3.1% 2.83B
17.85x1.36x8.32x1.91% 2.5B
Average 17.36x 3.08x 9.35x 2.76% 5.85B
Weighted average by Cap. 17.54x 3.35x 9.54x 3.19%

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