Projected Income Statement: Entain plc

Forecast Balance Sheet: Entain plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 2,086 2,750 3,291 3,339 3,644 3,467 3,322 2,972
Change - 31.83% 19.67% 1.46% 9.13% -4.86% -4.18% -10.54%
Announcement Date 3/3/22 A 3/9/23 A 3/7/24 A 3/6/25 A 3/5/26 A - - -
1GBP in Million
Estimates

Cash Flow Forecast: Entain plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 176.2 212 260.6 298.3 338.4 334.2 314.1 328.3
Change - 20.32% 22.92% 14.47% 13.44% -1.23% -6.02% 4.5%
Free Cash Flow (FCF) 1 562 428.2 188.2 281 215.8 397.6 362.8 522.2
Change - -23.81% -56.05% 49.31% -23.2% 84.24% -8.76% 43.95%
Announcement Date 3/3/22 A 3/9/23 A 3/7/24 A 3/6/25 A 3/5/26 A - - -
1GBP in Million
Estimates

Forecast Financial Ratios: Entain plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 23.02% 23.11% 21.13% 21.39% 22.06% 20.26% 20.48% 20.87%
EBIT Margin (%) 12.64% 12.61% 13.46% 12.12% 16.37% 14.92% 16.46% 17.31%
EBT Margin (%) 10.27% 2.39% -17.67% -7.02% -10.59% 5.27% 6.56% 8.18%
Net margin (%) 6.51% 0.56% -19.47% -8.9% -12.68% 3.6% 2.85% 4.8%
FCF margin (%) 14.67% 9.97% 3.95% 5.52% 4.1% 7.33% 6.5% 8.93%
FCF / Net Income (%) 225.43% 1,769.42% -20.27% -62.07% -32.37% 203.86% 228.38% 185.92%

Profitability

        
ROA 3.43% 0.3% -9.48% -4.31% 3.15% 3.78% 4.29% 4.91%
ROE 8.05% 0.77% 11.26% 43.36% 25.29% 37.02% 37.46% 34.87%

Financial Health

        
Leverage (Debt/EBITDA) 2.37x 2.77x 3.27x 3.07x 3.14x 3.16x 2.91x 2.43x
Debt / Free cash flow 3.71x 6.42x 17.49x 11.88x 16.89x 8.72x 9.16x 5.69x

Capital Intensity

        
CAPEX / Current Assets (%) 4.6% 4.93% 5.46% 5.86% 6.43% 6.16% 5.63% 5.61%
CAPEX / EBITDA (%) 19.98% 21.35% 25.86% 27.4% 29.17% 30.43% 27.5% 26.89%
CAPEX / FCF (%) 31.35% 49.51% 138.47% 106.16% 156.81% 84.06% 86.59% 62.86%

Items per share

        
Cash flow per share 1 1.36 1.08 0.7257 0.8991 1.2 0.7966 0.8348 1.185
Change - -20.57% -32.81% 23.9% 33.47% -33.62% 4.79% 41.97%
Dividend per Share 1 - 0.17 0.178 0.186 0.196 0.2082 0.2194 0.2342
Change - - 4.71% 4.49% 5.38% 6.21% 5.38% 6.76%
Book Value Per Share 1 5.4 5.326 3.55 2.418 1.391 1.815 2.136 2.571
Change - -1.36% -33.34% -31.9% -42.46% 30.46% 17.66% 20.4%
EPS 1 0.422 0.041 -1.507 -0.708 -1.043 0.3471 0.3967 0.4963
Change - -90.28% -3,775.61% 53.02% -47.32% 133.28% 14.29% 25.1%
Nbr of stocks (in thousands) 586,553 588,850 638,785 639,305 639,603 639,908 639,908 639,908
Announcement Date 3/3/22 A 3/9/23 A 3/7/24 A 3/6/25 A 3/5/26 A - - -
1GBP
Estimates
2026 *2027 *
P/E 15.6x 13.7x
PBR 2.99x 2.54x
EV / Sales 1.28x 1.22x
Yield 3.84% 4.05%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
5.420GBP
Average target price
9.378GBP
Spread / Average Target
+73.02%

Quarterly revenue - Rate of surprise