Company Valuation: Royal Mail

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 5,095 3,395 2,158 2,196 3,478 3,460
Change - -33.36% -36.46% 1.79% 58.35% -0.5%
Enterprise Value (EV) 1 5,573 4,401 3,658 3,912 5,449 7,694
Change - -21.03% -16.9% 6.96% 39.27% 41.21%
P/E 8.25x 5.79x -2.47x 40.9x 9.56x 38.1x
PBR 1.06x 0.64x 0.57x 0.62x 0.94x 0.98x
PEG - -8.94x 0x -0x 0x -0.5x
Capitalization / Revenue 0.4x 0.27x 0.18x 0.17x 0.26x 0.25x
EV / Revenue 0.44x 0.35x 0.3x 0.31x 0.41x 0.57x
EV / EBITDA 4.71x 4.14x 15.8x 7.69x 7.76x 14.2x
EV / EBIT 5.87x 5.36x -118x 13.9x 11.5x 25.8x
EV / FCF 7.24x 13.7x 154x 22.9x 22.2x 15.7x
FCF Yield 13.8% 7.32% 0.65% 4.37% 4.51% 6.35%
Dividend per Share 2 0.1 0.2 - 0.02 0.02 -
Rate of return 1.96% 5.63% - 0.87% 0.55% -
EPS 2 0.618 0.614 -0.9132 0.056 0.38 0.0943
Distribution rate 16.2% 32.6% - 35.7% 5.26% -
Net sales 1 12,638 12,712 12,044 12,679 13,139 13,607
EBITDA 1 1,184 1,062 232 509 702 543
EBIT 1 950 821 -31 281 472 298
Net income 1 620 612 -873 54 367 91
Net Debt 1 478 1,006 1,500 1,716 1,971 4,234
Reference price 2 5.100 3.553 2.257 2.293 3.632 3.590
Nbr of stocks (in thousands) 999,053 955,621 955,930 957,767 957,502 963,847
Announcement Date 18/06/21 18/05/22 22/05/23 21/06/24 01/09/25 23/06/26
1GBP in Million2GBP
Estimates

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA