Projected Income Statement: Entain plc

Forecast Balance Sheet: Entain plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 2,086 2,750 3,291 3,339 3,644 3,528 3,401 3,057
Change - 31.83% 19.67% 1.46% 9.13% -3.19% -3.6% -10.11%
Announcement Date 03/03/22 09/03/23 07/03/24 06/03/25 05/03/26 - - -
1GBP in Million
Estimates

Cash Flow Forecast: Entain plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 176.2 212 260.6 298.3 338.4 331.7 325.4 338.8
Change - 20.32% 22.92% 14.47% 13.44% -1.98% -1.91% 4.12%
Free Cash Flow (FCF) 1 562 428.2 188.2 281 215.8 351.1 374.1 545
Change - -23.81% -56.05% 49.31% -23.2% 62.68% 6.56% 45.69%
Announcement Date 03/03/22 09/03/23 07/03/24 06/03/25 05/03/26 - - -
1GBP in Million
Estimates

Forecast Financial Ratios: Entain plc

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

Profitability

        
EBITDA Margin (%) 23.02% 23.11% 21.13% 21.39% 22.06% 20.72% 20.95% 21.18%
EBIT Margin (%) 12.64% 12.61% 13.46% 12.12% 16.37% 15.15% 16.4% 16.96%
EBT Margin (%) 10.27% 2.39% -17.67% -7.02% -10.59% 5.69% 7.1% 8.68%
Net margin (%) 6.51% 0.56% -19.47% -8.9% -12.68% 3.67% 2.87% 4.92%
FCF margin (%) 14.67% 9.97% 3.95% 5.52% 4.1% 6.33% 6.47% 9.06%
FCF / Net Income (%) 225.43% 1,769.42% -20.27% -62.07% -32.37% 172.48% 225.97% 184.32%

Profitability

        
ROA 3.43% 0.3% -9.48% -4.31% 3.15% 3.79% 4.34% 5.02%
ROE 8.05% 0.77% 11.26% 43.36% 25.29% 38.82% 40.18% 36.46%

Financial Health

        
Leverage (Debt/EBITDA) 2.37x 2.77x 3.27x 3.07x 3.14x 3.07x 2.81x 2.4x
Debt / Free cash flow 3.71x 6.42x 17.49x 11.88x 16.89x 10.05x 9.09x 5.61x

Capital Intensity

        
CAPEX / Current Assets (%) 4.6% 4.93% 5.46% 5.86% 6.43% 5.98% 5.63% 5.63%
CAPEX / EBITDA (%) 19.98% 21.35% 25.86% 27.4% 29.17% 28.89% 26.88% 26.61%
CAPEX / FCF (%) 31.35% 49.51% 138.47% 106.16% 156.81% 94.49% 86.98% 62.16%

Items per share

        
Cash flow per share 1 1.36 1.08 0.7257 0.8991 1.2 0.7975 0.9076 1.251
Change - -20.57% -32.81% 23.9% 33.47% -33.54% 13.8% 37.87%
Dividend per Share 1 - 0.17 0.178 0.186 0.196 0.2082 0.2194 0.2372
Change - - 4.71% 4.49% 5.38% 6.21% 5.38% 8.14%
Book Value Per Share 1 5.4 5.326 3.55 2.418 1.391 1.789 2.115 2.482
Change - -1.36% -33.34% -31.9% -42.46% 28.61% 18.21% 17.32%
EPS 1 0.422 0.041 -1.507 -0.708 -1.043 0.4026 0.3715 0.5034
Change - -90.28% -3,775.61% 53.02% -47.32% 138.6% -7.73% 35.52%
Nbr of stocks (in thousands) 586,553 588,850 638,785 639,305 639,603 639,908 639,908 639,908
Announcement Date 03/03/22 09/03/23 07/03/24 06/03/25 05/03/26 - - -
1GBP
Estimates
2026 *2027 *
P/E 13.9x 15x
PBR 3.12x 2.64x
EV / Sales 1.28x 1.21x
Yield 3.73% 3.93%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
5.588GBP
Average target price
9.479GBP
Spread / Average Target
+69.63%

Quarterly revenue - Rate of surprise