Financials Smiths Group plc

Equities

SMIN

GB00B1WY2338

Consumer Goods Conglomerates

Market Closed - London S.E. 11:35:17 2024-05-24 am EDT 5-day change 1st Jan Change
1,742 GBX +0.52% Intraday chart for Smiths Group plc +0.99% -1.22%

Valuation

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,502 5,369 6,166 5,599 5,924 6,003 - -
Enterprise Value (EV) 1 7,722 6,533 7,263 5,709 6,311 6,340 6,219 6,012
P/E ratio 29.1 x 20.4 x 21.8 x 5.8 x 26.1 x 19.5 x 17.3 x 16.2 x
Yield 2.8% 2.58% 2.42% 2.57% 2.45% 2.52% 2.67% 2.81%
Capitalization / Revenue 2.6 x 2.11 x 2.56 x 2.18 x 1.95 x 1.9 x 1.8 x 1.72 x
EV / Revenue 3.09 x 2.56 x 3.02 x 2.22 x 2.08 x 2.01 x 1.87 x 1.72 x
EV / EBITDA 11.6 x 10.7 x 15.9 x 11.5 x 10.8 x 10.1 x 9.14 x 8.21 x
EV / FCF 33.3 x 20.4 x 17.3 x 29.4 x 29.5 x 19.6 x 17.3 x 14.7 x
FCF Yield 3% 4.9% 5.78% 3.4% 3.39% 5.11% 5.79% 6.82%
Price to Book 2.75 x 2.26 x 2.57 x 2.21 x 2.51 x 2.45 x 2.31 x 2.13 x
Nbr of stocks (in thousands) 395,956 396,211 396,376 362,982 348,648 344,576 - -
Reference price 2 16.42 13.55 15.56 15.42 16.99 17.42 17.42 17.42
Announcement Date 9/20/19 9/24/20 9/28/21 9/23/22 9/26/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,498 2,548 2,406 2,566 3,037 3,160 3,334 3,492
EBITDA 1 666 610 458 495 584 627.7 680.6 732.4
EBIT 1 427 327 372 417 501 537.4 585 629.7
Operating Margin 17.09% 12.83% 15.46% 16.25% 16.5% 17% 17.55% 18.03%
Earnings before Tax (EBT) 1 304 133 240 103 360 439.2 500.5 535.8
Net income 1 225 265 284 1,033 231 284.7 338.8 380.7
Net margin 9.01% 10.4% 11.8% 40.26% 7.61% 9.01% 10.16% 10.9%
EPS 2 0.5650 0.6640 0.7130 2.660 0.6510 0.8931 1.004 1.076
Free Cash Flow 1 232 320 420 194 214 323.7 360.1 409.8
FCF margin 9.29% 12.56% 17.46% 7.56% 7.05% 10.24% 10.8% 11.73%
FCF Conversion (EBITDA) 34.83% 52.46% 91.7% 39.19% 36.64% 51.56% 52.91% 55.95%
FCF Conversion (Net income) 103.11% 120.75% 147.89% 18.78% 92.64% 113.71% 106.3% 107.65%
Dividend per Share 2 0.4590 0.3500 0.3770 0.3960 0.4160 0.4384 0.4652 0.4891
Announcement Date 9/20/19 9/24/20 9/28/21 9/23/22 9/26/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: July 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1
Net sales 1 1,240 1,308 1,150 1,256 1,192 1,374 1,497 1,540 1,507 1,653 1,584
EBITDA - - - - - - - - - - -
EBIT 1 186 141 166 206 189 228 241 260 246 292.7 271.1
Operating Margin 15% 10.78% 14.43% 16.4% 15.86% 16.59% 16.1% 16.88% 16.32% 17.71% 17.11%
Earnings before Tax (EBT) - - - - - - - - - - -
Net income - - - - - - - - - - -
Net margin - - - - - - - - - - -
EPS - - - - - - - - - - -
Dividend per Share 2 - 0.2400 0.1170 0.2600 0.1230 0.2730 0.1290 0.2870 - 0.3010 -
Announcement Date 4/6/20 9/24/20 3/26/21 9/28/21 3/25/22 9/23/22 3/24/23 9/26/23 3/26/24 - -
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,220 1,164 1,097 110 387 337 217 9.52
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.832 x 1.908 x 2.395 x 0.2222 x 0.6627 x 0.5372 x 0.3182 x 0.013 x
Free Cash Flow 1 232 320 420 194 214 324 360 410
ROE (net income / shareholders' equity) 16.5% 11.2% 11.9% 12.5% 13.5% 14.9% 15.6% 15.8%
ROA (Net income/ Total Assets) 7.3% 4.94% 5.3% 6.04% 7.18% 8.25% 8.9% 9.37%
Assets 1 3,082 5,365 5,356 17,098 3,216 3,452 3,808 4,062
Book Value Per Share 2 5.960 5.990 6.060 6.980 6.760 7.120 7.560 8.180
Cash Flow per Share 2 0.8700 1.080 1.340 0.7200 0.8300 1.160 1.330 1.500
Capex 1 114 109 115 85 79 85 77.9 81.5
Capex / Sales 4.56% 4.28% 4.78% 3.31% 2.6% 2.69% 2.34% 2.33%
Announcement Date 9/20/19 9/24/20 9/28/21 9/23/22 9/26/23 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
17.42 GBP
Average target price
19.93 GBP
Spread / Average Target
+14.44%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. SMIN Stock
  4. Financials Smiths Group plc