Financials Derwent London Plc Börse Stuttgart

Equities

DVK

GB0002652740

Commercial REITs

Delayed Börse Stuttgart 03:17:03 2024-07-16 am EDT 5-day change 1st Jan Change
27 EUR 0.00% Intraday chart for Derwent London Plc +3.05% 0.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,482 3,466 3,832 2,659 2,650 2,603 - -
Enterprise Value (EV) 1 5,464 4,515 5,083 3,916 4,007 3,902 3,896 3,886
P/E ratio 15.8 x -44.6 x 15.2 x -9.48 x -5.56 x 17.6 x 10 x 10.7 x
Yield 1.81% 2.4% 2.24% 3.32% 3.37% 3.52% 3.58% 3.78%
Capitalization / Revenue 23.4 x 17.1 x 19.7 x 12.8 x 12.5 x 12.4 x 11.5 x 10.5 x
EV / Revenue 28.5 x 22.3 x 26.2 x 18.9 x 18.8 x 18.6 x 17.3 x 15.7 x
EV / EBITDA 34.6 x 26.7 x 33.4 x 24.6 x 26.1 x 23.6 x 21.4 x 20 x
EV / FCF 56.4 x 53.1 x 41 x 35.8 x -73.5 x 126 x 76.8 x 40.6 x
FCF Yield 1.77% 1.88% 2.44% 2.79% -1.36% 0.79% 1.3% 2.46%
Price to Book 1.01 x 0.81 x 0.87 x 0.65 x 0.76 x 0.73 x 0.69 x 0.65 x
Nbr of stocks (in thousands) 111,773 111,961 112,209 112,291 112,291 112,291 - -
Reference price 2 40.10 30.96 34.15 23.68 23.60 23.18 23.18 23.18
Announcement Date 2/25/20 3/11/21 2/24/22 2/28/23 2/28/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 191.7 202.9 194.2 207 212.8 210.3 225.5 247
EBITDA 1 157.9 169.1 152 159.2 153.5 165.4 182.4 194.3
EBIT 1 155.7 166.9 151.1 158.2 152.4 154 165.6 174.7
Operating Margin 81.22% 82.26% 77.81% 76.43% 71.62% 73.25% 73.42% 70.76%
Earnings before Tax (EBT) 1 280.6 -83 252.5 -279.5 -475.9 24.26 212.7 249.8
Net income 1 283.4 -77.6 252.3 -280.5 -476.4 139.7 267.5 271.5
Net margin 147.84% -38.25% 129.92% -135.51% -223.87% 66.41% 118.64% 109.92%
EPS 2 2.531 -0.6934 2.244 -2.498 -4.242 1.321 2.310 2.167
Free Cash Flow 1 96.9 85 124.1 109.4 -54.5 30.87 50.73 95.7
FCF margin 50.55% 41.89% 63.9% 52.85% -25.61% 14.68% 22.5% 38.75%
FCF Conversion (EBITDA) 61.37% 50.27% 81.64% 68.72% - 18.66% 27.81% 49.25%
FCF Conversion (Net income) 34.19% - 49.19% - - 22.1% 18.96% 35.25%
Dividend per Share 2 0.7245 0.7445 0.7650 0.7850 0.7950 0.8157 0.8300 0.8753
Announcement Date 2/25/20 3/11/21 2/24/22 2/28/23 2/28/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 119.3 120.4 - - - - - - - - -
EBITDA - 75.7 - - - - - - - - -
EBIT 1 - 75.9 75.2 79.2 79 75.3 77.1 78.79 75.52 79.52 82.99
Operating Margin - 63.04% - - - - - - - - -
Earnings before Tax (EBT) -14 121.1 - - - - - - - - -
Net income -9.5 - - - - - - - - - -
Net margin -7.96% - - - - - - - - - -
EPS -0.0849 - - - - - - - - - -
Dividend per Share 0.2200 0.2300 - 0.2400 - 0.2450 - - - - -
Announcement Date 8/11/20 8/10/21 2/24/22 8/11/22 2/28/23 8/10/23 2/28/24 - - - -
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 982 1,049 1,252 1,257 1,357 1,299 1,293 1,283
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.217 x 6.204 x 8.234 x 7.897 x 8.839 x 7.853 x 7.089 x 6.604 x
Free Cash Flow 1 96.9 85 124 109 -54.5 30.9 50.7 95.7
ROE (net income / shareholders' equity) 2.67% 2.51% 2.8% 2.81% 2.69% 3.2% 4.7% 4.09%
ROA (Net income/ Total Assets) 2.1% -1.39% 2.14% 2.1% 1.94% 2.08% 4.71% 4.63%
Assets 1 13,521 5,583 11,812 -13,379 -24,557 6,702 5,682 5,867
Book Value Per Share 2 39.60 38.10 39.50 36.20 31.20 31.60 33.40 35.40
Cash Flow per Share 2 0.8700 0.7600 1.120 0.9900 0.8600 0.9700 1.080 1.170
Capex 1 201 175 174 123 152 203 143 169
Capex / Sales 104.59% 86.05% 89.44% 59.28% 71.19% 96.41% 63.26% 68.63%
Announcement Date 2/25/20 3/11/21 2/24/22 2/28/23 2/28/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
23.18 GBP
Average target price
24.03 GBP
Spread / Average Target
+3.66%
Consensus

Annual profits - Rate of surprise

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