Company Valuation: SThree plc

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 700.3 538 537.7 476 211.2 365.2 - -
Change - -23.17% -0.06% -11.46% -55.64% 72.98% - -
Enterprise Value (EV) 1 642.7 506.3 483.5 446.2 190.7 360.3 350.4 344.3
Change - -21.23% -4.51% -7.72% -57.26% 88.95% -2.74% -1.76%
P/E 16.9x 10.2x 9.73x 9.65x 12.2x 53.5x 21.7x 14.8x
PBR 4.39x 2.69x 2.39x 1.91x 0.91x 1.74x 1.7x 1.61x
PEG - 0.3x 2.43x -0.9x -0.2x -0.9x 0x 0.3x
Capitalization / Revenue 0.53x 0.33x 0.32x 0.32x 0.16x 0.29x 0.28x 0.27x
EV / Revenue 0.48x 0.31x 0.29x 0.3x 0.15x 0.29x 0.27x 0.25x
EV / EBITDA 8.19x 5.25x 5.24x 5.48x 4.35x 12.7x 8.21x 6.36x
EV / EBIT 10.6x 6.53x 6.33x 6.74x 7.3x 33.6x 14x 9.43x
EV / FCF 18.3x 12.1x 7.13x 16.8x 3.6x 20.7x 22.5x 16.8x
FCF Yield 5.47% 8.28% 14% 5.94% 27.8% 4.83% 4.44% 5.95%
Dividend per Share 2 0.11 0.16 0.166 0.143 0.143 0.143 0.143 0.1072
Rate of return 2.12% 3.95% 4.11% 3.99% 8.6% 4.77% 4.77% 3.58%
EPS 2 0.307 0.399 0.415 0.371 0.136 0.056 0.1384 0.2034
Distribution rate 35.8% 40.1% 40% 38.5% 105% 255% 103% 52.7%
Net sales 1 1,331 1,639 1,663 1,493 1,302 1,249 1,288 1,352
EBITDA 1 78.53 96.45 92.27 81.45 43.8 28.36 42.7 54.12
EBIT 1 60.81 77.55 76.36 66.19 26.14 10.72 24.98 36.52
Net income 1 41.98 54.2 56.05 49.69 17.67 7.091 16.88 24.68
Net Debt 1 -57.5 -31.68 -54.18 -29.89 -20.46 -4.932 -14.81 -20.98
Reference price 2 5.200 4.055 4.040 3.580 1.662 3.000 3.000 3.000
Nbr of stocks (in thousands) 134,664 132,672 133,087 132,972 127,047 121,749 - -
Announcement Date 1/31/22 A 1/30/23 A 1/30/24 A 1/28/25 A 1/27/26 A - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.17x4.55x15.23x2.64% 108B
18.74x0.33x8.23x4.52% 7.31B
13.54x0.29x7.73x4.01% 5.19B
13.66x0.33x5.63x4.44% 4.15B
29.56x0.64x13.47x6.34% 3.76B
71.87x3.09x10.89x-.--% 3.56B
19.09x0.18x7.65x2.37% 2.68B
12.76x - - 4.04% 1.43B
17.52x2.61x9.58x3.88% 1.06B
Average 24.32x 1.50x 9.80x 3.58% 15.21B
Weighted average by Cap. 22.70x 3.78x 13.91x 2.9%

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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