Company Valuation: The British Land Company PLC

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 4,678 4,916 3,595 3,665 3,691 4,050 - -
Change - 5.09% -26.87% 1.96% 0.69% 9.72% - -
Enterprise Value (EV) 1 6,927 8,374 6,816 6,926 7,328 7,790 7,816 7,886
Change - 20.89% -18.6% 1.62% 5.8% 6.31% 0.34% 0.9%
P/E ratio -4.54x 5.15x -3.46x -3,952x 10.6x 7.59x 8.02x 6.67x
PBR 0.79x 0.74x 0.66x 0.69x 0.65x 0.67x 0.64x 0.6x
PEG - -0x 0x 39.6x -0x 0.1x -1.47x 0.3x
Capitalization / Revenue 9.21x 10x 7.29x 7.7x 7.63x 7.56x 7.08x 6.62x
EV / Revenue 13.6x 17.1x 13.8x 14.6x 15.1x 14.5x 13.7x 12.9x
EV / EBITDA 22.8x 23.7x 20.5x 20.9x 21.1x 18.7x 17.4x 16.3x
EV / EBIT 22.8x 23.7x 21x 21.4x 21.6x 18.7x 17.5x 16.3x
EV / FCF -301x -598x 220x 71.4x 136x 247x 58.2x 69.5x
FCF Yield -0.33% -0.17% 0.45% 1.4% 0.74% 0.41% 1.72% 1.44%
Dividend per Share 2 0.1504 0.2192 0.2264 0.228 0.228 0.2305 0.2455 0.2628
Rate of return 2.98% 4.13% 5.84% 5.77% 6.17% 5.69% 6.06% 6.49%
EPS 2 -1.112 1.03 -1.12 -0.001 0.35 0.5339 0.5047 0.6068
Distribution rate -13.5% 21.3% -20.2% -22,800% 65.1% 43.2% 48.6% 43.3%
Net sales 1 508 490 493 476 484 535.7 572.3 611.7
EBITDA 1 304 353 332 332 347 415.6 448.5 485.2
EBIT 1 304 353 325 324 339 417.4 447.9 483.1
Net income 1 -1,031 958 -1,038 -1 338 512.8 535 657.3
Net Debt 1 2,249 3,458 3,221 3,261 3,637 3,740 3,767 3,837
Reference price 2 5.048 5.304 3.878 3.952 3.694 4.050 4.050 4.050
Nbr of stocks (in thousands) 926,708 926,843 927,061 927,490 999,154 999,885 - -
Announcement Date 26/05/21 18/05/22 17/05/23 22/05/24 22/05/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.56x14.52x18.71x5.71% 5.5B
27.89x13.82x16.4x5.03% 16.26B
12.8x15.02x15.89x4.99% 6.81B
11.93x16.49x17.87x5.92% 6.74B
23.95x14.99x16.51x3.93% 6.74B
8.09x16.77x20.5x7.59% 6.53B
13.02x13.8x18.16x6.4% 6.53B
14.71x11.95x13.41x5.09% 5.31B
26.67x18.16x27.6x4% 5.07B
18.85x10.23x13.08x6.03% 4.45B
Average 16.55x 14.58x 17.81x 5.47% 6.99B
Weighted average by Cap. 18.00x 14.58x 17.60x 5.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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