Projected Income Statement: RELX PLC

Forecast Balance Sheet: RELX PLC

Forecast Balance Sheet - RELX PLC
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 6,054 6,604 6,446 6,563 7,201 8,302 8,041 7,969
Change - 9.08% -2.39% 1.82% 9.72% 15.29% -3.14% -0.9%
Announcement Date 2/10/22 A 2/16/23 A 2/15/24 A 2/13/25 A 2/12/26 A - - -
1GBP in Million
Estimates

Cash Flow Forecast: RELX PLC

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 337 436 477 484 525 562 588.9 633.2
Change - 29.38% 9.4% 1.47% 8.47% 7.04% 4.79% 7.53%
Free Cash Flow (FCF) 1 1,908 1,965 1,980 2,124 2,311 2,475 2,714 2,972
Change - 2.99% 0.76% 7.27% 8.8% 7.09% 9.65% 9.5%
Announcement Date 2/10/22 A 2/16/23 A 2/15/24 A 2/13/25 A 2/12/26 A - - -
1GBP in Million
Estimates

Forecast Financial Ratios: RELX PLC

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

Profitability

        
EBITDA Margin (%) 36.4% 36.27% 37.86% 39.47% 40.1% 40.74% 41% 41.11%
EBIT Margin (%) 30.51% 31.37% 33.07% 33.91% 34.85% 35.9% 36.25% 36.49%
EBT Margin (%) 24.81% 24.7% 25.05% 27.1% 28.68% 29.87% 30.17% 30.86%
Net margin (%) 20.31% 19.1% 19.44% 20.5% 21.53% 22.77% 23.04% 23.8%
FCF margin (%) 26.34% 22.97% 21.61% 22.51% 24.1% 24.6% 25.29% 25.74%
FCF / Net Income (%) 129.71% 120.26% 111.17% 109.82% 111.91% 108.06% 109.77% 108.15%

Profitability

        
ROA 10.51% 9.91% 11.59% 12.87% 15.98% 19.29% 21.04% 22.29%
ROE 55.19% 41.98% 49.23% 55.73% 80.66% 153.96% 202.88% 223.24%

Financial Health

        
Leverage (Debt/EBITDA) 2.3x 2.13x 1.86x 1.76x 1.87x 2.03x 1.83x 1.68x
Debt / Free cash flow 3.17x 3.36x 3.26x 3.09x 3.12x 3.35x 2.96x 2.68x

Capital Intensity

        
CAPEX / Current Assets (%) 4.65% 5.1% 5.21% 5.13% 5.47% 5.59% 5.49% 5.48%
CAPEX / EBITDA (%) 12.78% 14.06% 13.75% 13% 13.65% 13.71% 13.38% 13.34%
CAPEX / FCF (%) 17.66% 22.19% 24.09% 22.79% 22.72% 22.71% 21.7% 21.31%

Items per share

        
Cash flow per share 1 1.04 1.244 1.291 1.39 1.538 1.701 1.934 2.156
Change - 19.72% 3.76% 7.62% 10.7% 10.57% 13.7% 11.46%
Dividend per Share 1 0.498 0.546 0.588 0.63 0.675 0.728 0.7934 0.8617
Change - 9.64% 7.69% 7.14% 7.14% 7.85% 8.98% 8.62%
Book Value Per Share 1 1.675 1.977 1.839 1.876 1.301 0.7796 0.6699 0.7299
Change - 18.05% -7% 1.99% -30.66% -40.06% -14.06% 8.95%
EPS 1 0.763 0.847 0.936 1.031 1.12 1.289 1.442 1.641
Change - 11.01% 10.51% 10.15% 8.63% 15.12% 11.87% 13.76%
Nbr of stocks (in thousands) 1,928,681 1,909,549 1,881,510 1,855,942 1,819,061 1,739,606 1,739,606 1,739,606
Announcement Date 2/10/22 A 2/16/23 A 2/15/24 A 2/13/25 A 2/12/26 A - - -
1GBP
Estimates
2026 *2027 *
P/E 22.4x 20x
PBR 37.1x 43.2x
EV / Sales 5.82x 5.44x
Yield 2.52% 2.74%

EPS & Dividend

EPS & Dividend - RELX PLC


Y-o-Y evolution of P/E

Valuation ratios - P/E - RELX PLC
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - RELX PLC
Trader
Investor
Global
Quality
ESG MSCI
AAA
MarketScreener Ratings - RELX PLC
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
28.91GBP
Average target price
35.09GBP
Spread / Average Target
+21.38%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - RELX PLC