Valuation DS Smith

Stocks

Delayed London S.E. 11:30:00 03/02/2025 +04			5-day change	1st Jan Change
582.50 ^GBX	-.--%		-4.04%	-

05-13	International Paper Announces Consent Solicitations in Respect of Certain of DS Smith Limited's Outstanding Notes	CI
12-29	DS Smith Plc Reports Earnings Results for the Full Year Ended April 30, 2025	CI

Data adjusted to current consolidation scope

Fiscal Period: April	2020	2021	2022	2023	2024	2025
Market Cap ¹	4,277	5,772	4,543	4,268	4,829	8,069
Change	-	34.96%	-21.3%	-6.05%	13.14%	67.08%
Enterprise Value (EV) ¹	6,425	7,599	6,072	5,940	7,095	11,129
Change	-	18.28%	-20.1%	-2.17%	19.44%	56.85%
P/E	8.17x	29.9x	16.3x	8.56x	12.6x	-
PBR	1.28x	1.63x	1.07x	1.04x	1.22x	-
PEG	-	-0.5x	0.4x	0.1x	-0.5x	-
Capitalization / Revenue	0.71x	0.97x	0.63x	0.52x	0.71x	1.33x
EV / Revenue	1.06x	1.27x	0.84x	0.72x	1.04x	1.84x
EV / EBITDA	7.29x	10.8x	7.71x	5.5x	7.61x	29.1x
EV / EBIT	12.5x	21.4x	13.6x	7.95x	11.8x	114x
EV / FCF	10.3x	27.8x	44.2x	9.98x	-28.7x	-8.41x
FCF Yield	9.74%	3.6%	2.26%	10%	-3.49%	-11.9%
Dividend per Share ²	-	0.121	0.15	0.18	0.18	-
Rate of return	-	2.88%	4.53%	5.8%	5.14%	-
EPS ²	0.382	0.1407	0.203	0.3622	0.279	-
Distribution rate	-	86%	73.9%	49.7%	64.5%	-
Net sales ¹	6,043	5,976	7,241	8,221	6,822	6,051
EBITDA ¹	881	703.3	788	1,081	932	383
EBIT ¹	514	354.3	446	747	602	98
Net income ¹	527	194	280	502	385	-126
Net Debt ¹	2,148	1,827	1,529	1,672	2,266	3,060
Reference price ²	3.119	4.208	3.309	3.101	3.504	5.825
Nbr of stocks (in thousands)	1,371,316	1,371,775	1,372,931	1,376,455	1,378,260	1,385,216
Announcement Date	02/07/20	29/06/21	14/07/22	13/07/23	08/07/24	29/12/25

¹GBP in Million²GBP

Estimates