Company Valuation: Next plc

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 9,584 8,204 10,242 11,658 15,414 17,260 - -
Change - -14.4% 24.85% 13.82% 32.22% 11.98% - -
Enterprise Value (EV) 1 11,241 10,015 11,101 13,332 17,127 18,982 18,965 18,893
Change - -10.91% 10.84% 20.1% 28.46% 10.83% -0.09% -0.38%
P/E 14.3x 11.6x 12.9x 16.4x 17.8x 18.5x 17.3x 16.2x
PBR 9.86x 7x 7.24x 7.14x 9.77x 9.54x 8.69x 7.87x
PEG - 1.31x 0.9x -2.13x 0.8x 1.92x 2.6x 2.2x
Capitalization / Revenue 1.97x 1.52x 1.88x 1.84x 2.2x 2.35x 2.22x 2.11x
EV / Revenue 2.31x 1.85x 2.03x 2.11x 2.45x 2.58x 2.44x 2.31x
EV / EBITDA 10.1x 9.04x 8.99x 9.52x 10.6x 11.6x 11x 10.5x
EV / EBIT 12.4x 10.6x 11.2x 12.4x 13.4x 14.2x 13.5x 12.7x
EV / FCF 14.3x 16.9x 11.3x 13.3x 16.1x 23.4x 20.9x 18.8x
FCF Yield 7% 5.93% 8.86% 7.54% 6.2% 4.28% 4.78% 5.32%
Dividend per Share 2 3.97 2.06 2.06 2.33 2.68 3.019 3.079 3.325
Rate of return 5.29% 3.11% 2.43% 2.34% 2.02% 2% 2.04% 2.2%
EPS 2 5.24 5.705 6.559 6.055 7.454 8.174 8.718 9.359
Distribution rate 75.8% 36.1% 31.4% 38.5% 36% 36.9% 35.3% 35.5%
Net sales 1 4,862 5,414 5,459 6,321 7,004 7,353 7,776 8,196
EBITDA 1 1,113 1,108 1,235 1,400 1,619 1,630 1,720 1,796
EBIT 1 905.4 941.5 987.9 1,075 1,279 1,334 1,404 1,482
Net income 1 677.5 711.7 802.3 736.1 888.5 942.4 985.5 1,043
Net Debt 1 1,658 1,811 858.5 1,675 1,713 1,723 1,705 1,633
Reference price 2 74.98 66.18 84.68 99.52 132.65 151.20 151.20 151.20
Nbr of stocks (in thousands) 127,818 123,961 120,955 117,141 116,198 114,152 - -
Announcement Date 3/24/22 A 3/29/23 A 3/21/24 A 3/27/25 A 3/26/26 A - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.45x2.58x11.62x2% 22.91B
26.35x4.01x14.28x3.39% 198B
44.23x5.44x22.38x0.85% 143B
26.2x2.71x17.32x0.77% 73.5B
22.17x1.51x8.53x4.16% 28.37B
38.32x2.13x8.22x1.88% 24.52B
14.05x2.74x10.55x1.67% 22.1B
20.48x1.23x10.46x-.--% 14.77B
16.78x2.13x8.52x3.37% 12.57B
29.13x3.59x17.37x-.--% 12.52B
Average 25.61x 2.81x 12.93x 1.81% 55.25B
Weighted average by Cap. 30.15x 3.76x 15.80x 2.06%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Next plc

Historical PBR trend

Valuation ratios - PBR - Next plc

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Next plc

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Next plc


Year-on-year evolution of the Yield

Valuation ratios - Yield - Next plc