Company Valuation: Next plc

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 9,584 8,204 10,242 11,658 15,414 16,986 - -
Change - -14.4% 24.85% 13.82% 32.22% 10.2% - -
Enterprise Value (EV) 1 11,241 10,015 11,101 13,332 17,127 18,709 18,691 18,619
Change - -10.91% 10.84% 20.1% 28.46% 9.23% -0.1% -0.38%
P/E 14.3x 11.6x 12.9x 16.4x 17.8x 18.2x 17.1x 15.9x
PBR 9.86x 7x 7.24x 7.14x 9.77x 9.39x 8.55x 7.75x
PEG - 1.31x 0.9x -2.13x 0.8x 1.88x 2.57x 2.16x
Capitalization / Revenue 1.97x 1.52x 1.88x 1.84x 2.2x 2.31x 2.18x 2.07x
EV / Revenue 2.31x 1.85x 2.03x 2.11x 2.45x 2.54x 2.4x 2.27x
EV / EBITDA 10.1x 9.04x 8.99x 9.52x 10.6x 11.4x 10.8x 10.3x
EV / EBIT 12.4x 10.6x 11.2x 12.4x 13.4x 14x 13.3x 12.6x
EV / FCF 14.3x 16.9x 11.3x 13.3x 16.1x 23x 20.6x 18.5x
FCF Yield 7% 5.93% 8.86% 7.54% 6.2% 4.34% 4.85% 5.4%
Dividend per Share 2 3.97 2.06 2.06 2.33 2.68 3.019 3.079 3.325
Rate of return 5.29% 3.11% 2.43% 2.34% 2.02% 2.03% 2.07% 2.23%
EPS 2 5.24 5.705 6.559 6.055 7.454 8.174 8.718 9.359
Distribution rate 75.8% 36.1% 31.4% 38.5% 36% 36.9% 35.3% 35.5%
Net sales 1 4,862 5,414 5,459 6,321 7,004 7,353 7,776 8,196
EBITDA 1 1,113 1,108 1,235 1,400 1,619 1,639 1,728 1,804
EBIT 1 905.4 941.5 987.9 1,075 1,279 1,334 1,404 1,482
Net income 1 677.5 711.7 802.3 736.1 888.5 942.4 985.5 1,043
Net Debt 1 1,658 1,811 858.5 1,675 1,713 1,723 1,705 1,633
Reference price 2 74.98 66.18 84.68 99.52 132.65 148.80 148.80 148.80
Nbr of stocks (in thousands) 127,818 123,961 120,955 117,141 116,198 114,152 - -
Announcement Date 24/03/22 29/03/23 21/03/24 27/03/25 26/03/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.2x2.54x11.42x2.03% 22.72B
26.22x3.99x14.21x3.4% 198B
45.5x5.6x23.06x0.82% 148B
26.17x2.7x17.28x0.77% 73.25B
21.95x1.5x8.46x4.2% 28.13B
37x2.11x8.17x1.91% 24.46B
13.92x2.72x10.47x1.69% 21.9B
21.56x1.29x10.98x-.--% 15.55B
16.94x2.15x8.59x3.33% 12.77B
29.09x3.59x17.15x-.--% 12.56B
Average 25.66x 2.82x 12.98x 1.82% 55.78B
Weighted average by Cap. 30.52x 3.81x 16.00x 2.05%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Next plc

Historical PBR trend

Valuation ratios - PBR - Next plc

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Next plc

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Next plc


Year-on-year evolution of the Yield

Valuation ratios - Yield - Next plc