Projected Income Statement: British Land Company PLC

Forecast Balance Sheet: British Land Company PLC

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 2,249 3,458 3,221 3,261 3,637 3,719 3,828 3,701
Change - 53.76% -6.85% 1.24% 11.53% 2.25% 2.93% -3.32%
Announcement Date 26/05/21 18/05/22 17/05/23 22/05/24 22/05/25 - - -
1GBP in Million
Estimates

Cash Flow Forecast: British Land Company PLC

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 172 259 209 312 216 295.3 200 174.3
Change - 50.58% -19.31% 49.28% -30.77% 36.71% -32.26% -12.85%
Free Cash Flow (FCF) 1 -23 -14 31 97 54 32.9 138.2 -
Change - 39.13% 321.43% 212.9% -44.33% -39.07% 320.06% -100%
Announcement Date 26/05/21 18/05/22 17/05/23 22/05/24 22/05/25 - - -
1GBP in Million
Estimates

Forecast Financial Ratios: British Land Company PLC

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

Profitability

        
EBITDA Margin (%) 59.84% 72.04% 67.34% 69.75% 71.69% 80.3% 80.76% 80.75%
EBIT Margin (%) 59.84% 72.04% 65.92% 68.07% 70.04% 78.51% 79.65% 79.75%
EBT Margin (%) -207.28% 195.51% -209.74% 3.15% 70.66% 115.52% 98.52% 79.97%
Net margin (%) -202.95% 195.51% -210.55% -0.21% 69.83% 114.97% 100.8% 90.57%
FCF margin (%) -4.53% -2.86% 6.29% 20.38% 11.16% 6.25% 24.62% -
FCF / Net Income (%) 2.23% -1.46% -2.99% -9,700% 15.98% 5.44% 24.43% -

Profitability

        
ROA -10.25% 2.72% 2.89% -0.01% 4.01% 4.81% 4.31% 4.36%
ROE 2.7% 4.03% 4.29% 7.12% 6.14% 4.89% 4.91% 5.44%

Financial Health

        
Leverage (Debt/EBITDA) 7.4x 9.8x 9.7x 9.82x 10.48x 8.8x 8.44x 7.68x
Debt / Free cash flow -97.78x -247x 103.9x 33.62x 67.35x 113.03x 27.7x -

Capital Intensity

        
CAPEX / Current Assets (%) 33.86% 52.86% 42.39% 65.55% 44.63% 56.14% 35.64% 29.21%
CAPEX / EBITDA (%) 56.58% 73.37% 62.95% 93.98% 62.25% 69.91% 44.13% 36.18%
CAPEX / FCF (%) -747.83% -1,850% 674.19% 321.65% 400% 897.56% 144.75% -

Items per share

        
Cash flow per share 1 0.1607 0.2634 0.2572 0.4379 0.2687 0.2635 0.2769 0.2874
Change - 63.88% -2.35% 70.26% -38.64% -1.92% 5.05% 3.82%
Dividend per Share 1 0.1504 0.2192 0.2264 0.228 0.228 0.23 0.2451 0.2556
Change - 45.74% 3.28% 0.71% 0% 0.89% 6.54% 4.29%
Book Value Per Share 1 6.39 7.161 5.874 5.713 5.715 6.083 6.446 6.9
Change - 12.07% -17.97% -2.74% 0.03% 6.45% 5.97% 7.04%
EPS 1 -1.112 1.03 -1.12 -0.001 0.35 0.5965 0.5652 0.5259
Change - 192.63% -208.74% 99.91% 35,100% 70.42% -5.24% -6.95%
Nbr of stocks (in thousands) 926,708 926,843 927,061 927,490 999,154 999,165 999,165 999,165
Announcement Date 26/05/21 18/05/22 17/05/23 22/05/24 22/05/25 - - -
1GBP
Estimates
2026 *2027 *
P/E ratio 5.9x 6.23x
PBR 0.58x 0.55x
EV / Sales 13.8x 13.1x
Yield 6.53% 6.96%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
AAA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
3.520GBP
Average target price
4.436GBP
Spread / Average Target
+26.03%
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. BLND Stock
  4. Financials British Land Company PLC