SMITHS NEWS PLC |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 60.8 GBX | +0.58% |
|
-2.57% | +13.48% |
| May. 02 | Smiths News to Seek Potential Bolt-On Acquisitions | CI |
| May. 02 | Transcript : Smiths News plc, H1 2024 Earnings Call, May 02, 2024 |
Valuation
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 90.85 | 48.62 | 100.8 | 73.42 | 101.3 | 147.5 | - | - |
| Enterprise Value (EV) 1 | 164.7 | 128.1 | 152.8 | 112.8 | 107.1 | 162.1 | 153.3 | 143.9 |
| P/E ratio | -2.86 x | 4.59 x | 4 x | 3.3 x | 4.3 x | 6.41 x | 6.11 x | 6.21 x |
| Yield | 2.71% | - | 3.65% | 13.5% | 9.65% | 8.27% | 8.54% | 8.52% |
| Capitalization / Revenue | 0.06 x | 0.04 x | 0.09 x | 0.07 x | 0.09 x | 0.14 x | 0.14 x | 0.15 x |
| EV / Revenue | 0.11 x | 0.11 x | 0.14 x | 0.1 x | 0.1 x | 0.15 x | 0.15 x | 0.15 x |
| EV / EBITDA | 4.25 x | 2.8 x | 3.04 x | 2.32 x | 2.23 x | 3.56 x | 3.41 x | 3.25 x |
| EV / FCF | 11.4 x | 21.4 x | 6.37 x | 2.34 x | - | 38.6 x | 6.44 x | 5.83 x |
| FCF Yield | 8.74% | 4.68% | 15.7% | 42.7% | - | 2.59% | 15.5% | 17.2% |
| Price to Book | -1.22 x | -0.59 x | -1.74 x | -2.26 x | -6.6 x | 4.15 x | 5.18 x | 7.78 x |
| Nbr of stocks (in thousands) | 246,193 | 246,471 | 245,029 | 239,538 | 235,575 | 237,088 | - | - |
| Reference price 2 | 0.3690 | 0.1972 | 0.4115 | 0.3065 | 0.4300 | 0.6220 | 0.6220 | 0.6220 |
| Announcement Date | 11/6/19 | 11/12/20 | 11/4/21 | 11/9/22 | 11/8/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,468 | 1,164 | 1,110 | 1,089 | 1,092 | 1,063 | 1,024 | 990.1 |
| EBITDA 1 | 38.8 | 45.7 | 50.3 | 48.6 | 48 | 45.57 | 45 | 44.23 |
| EBIT 1 | 29.5 | 35.1 | 39.6 | 38.1 | 38.8 | 38.17 | 37.73 | 37.13 |
| Operating Margin | 2.01% | 3.01% | 3.57% | 3.5% | 3.55% | 3.59% | 3.69% | 3.75% |
| Earnings before Tax (EBT) 1 | -37.6 | - | 30.6 | 27.9 | 31.8 | 31.3 | 32.9 | 32.9 |
| Net income 1 | -31.5 | 10.6 | 26.2 | 23.4 | 25.1 | 23.85 | 25 | 24.55 |
| Net margin | -2.15% | 0.91% | 2.36% | 2.15% | 2.3% | 2.24% | 2.44% | 2.48% |
| EPS 2 | -0.1290 | 0.0430 | 0.1030 | 0.0930 | 0.1000 | 0.0970 | 0.1018 | 0.1002 |
| Free Cash Flow 1 | 14.4 | 6 | 24 | 48.2 | - | 4.2 | 23.8 | 24.7 |
| FCF margin | 0.98% | 0.52% | 2.16% | 4.42% | - | 0.4% | 2.32% | 2.49% |
| FCF Conversion (EBITDA) | 37.11% | 13.13% | 47.71% | 99.18% | - | 9.22% | 52.89% | 55.84% |
| FCF Conversion (Net income) | - | 56.6% | 91.6% | 205.98% | - | 17.61% | 95.2% | 100.61% |
| Dividend per Share 2 | 0.0100 | - | 0.0150 | 0.0415 | 0.0415 | 0.0514 | 0.0531 | 0.0530 |
| Announcement Date | 11/6/19 | 11/12/20 | 11/4/21 | 11/9/22 | 11/8/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: August | 2022 S1 | 2023 S1 |
|---|---|---|
| Net sales | - | - |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | - | - |
| Net income 1 | 11.5 | 13.3 |
| Net margin | - | - |
| EPS 2 | 0.0460 | 0.0530 |
| Dividend per Share | - | - |
| Announcement Date | 5/4/22 | 5/3/23 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 73.9 | 79.5 | 52 | 39.4 | 5.8 | 14.6 | 5.8 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 3.53 |
| Leverage (Debt/EBITDA) | 1.905 x | 1.74 x | 1.034 x | 0.8107 x | 0.1208 x | 0.3204 x | 0.1289 x | - |
| Free Cash Flow 1 | 14.4 | 6 | 24 | 48.2 | - | 4.2 | 23.8 | 24.7 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | -0.3000 | -0.3300 | -0.2400 | -0.1400 | -0.0700 | 0.1500 | 0.1200 | 0.0800 |
| Cash Flow per Share 2 | 0.0900 | 0.0900 | 0.1600 | 0.2000 | 0.1500 | 0.0400 | 0.1500 | 0.1400 |
| Capex 1 | 8.6 | 9.3 | 2.4 | 1.3 | 2.6 | 4.07 | 6.07 | 6.07 |
| Capex / Sales | 0.59% | 0.8% | 0.22% | 0.12% | 0.24% | 0.38% | 0.59% | 0.61% |
| Announcement Date | 11/6/19 | 11/12/20 | 11/4/21 | 11/9/22 | 11/8/23 | - | - | - |
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-
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
0.622
GBP
Average target price
0.8333
GBP
Spread / Average Target
+33.98%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +13.48% | 188M | |
| +34.82% | 2.11B | |
| -20.77% | 599M |
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