Company Valuation: Future plc

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,421 1,588 1,046 1,120 644.9 273.8 - -
Change - -64.08% -34.11% 7.05% -42.42% -57.54% - -
Enterprise Value (EV) 1 4,597 2,012 1,374 1,377 921.3 574.3 503.9 432.6
Change - -56.24% -31.72% 0.22% -33.07% -37.66% -12.27% -14.14%
P/E 63.5x 13.1x 9.45x 15.1x 10.5x 6.93x 5.62x 5.49x
PBR 4.77x 1.5x 0.96x 1.09x 0.63x 0.29x 0.28x 0.27x
PEG - 0.2x -1.4x -0.5x -1.49x -0.2x 0.2x 2.31x
Capitalization / Revenue 7.29x 1.92x 1.33x 1.42x 0.87x 0.39x 0.39x 0.39x
EV / Revenue 7.58x 2.44x 1.74x 1.75x 1.25x 0.81x 0.72x 0.62x
EV / EBITDA 21.4x 6.85x 4.96x 5.76x 4.12x 3.18x 2.88x 2.48x
EV / EBIT 23.5x 7.4x 5.36x 6.2x 4.49x 3.56x 3.19x 2.73x
EV / FCF 29.7x 10.5x 8.01x 8.83x 9.11x 6.01x 5.69x 4.69x
FCF Yield 3.36% 9.49% 12.5% 11.3% 11% 16.7% 17.6% 21.3%
Dividend per Share 2 0.028 0.034 0.041 0.034 0.034 0.1699 0.1797 0.1914
Rate of return 0.08% 0.26% 0.46% 0.34% 0.52% 5.49% 5.81% 6.18%
EPS 2 0.581 1.009 0.941 0.668 0.621 0.4464 0.5502 0.5632
Distribution rate 4.82% 3.37% 4.36% 5.09% 5.48% 38.1% 32.7% 34%
Net sales 1 606.8 825.4 788.9 788.2 739.2 707.4 698.9 700.5
EBITDA 1 214.9 293.8 276.8 239.1 223.4 180.5 175 174.1
EBIT 1 195.8 271.7 256.4 222.2 205.4 161.5 157.9 158.7
Net income 1 66.1 122.2 113.4 76.8 66.3 44.46 48.62 49.49
Net Debt 1 176.3 423.6 327.2 256.5 276.4 300.5 230.1 158.8
Reference price 2 36.900 13.200 8.890 10.110 6.550 3.094 3.094 3.094
Nbr of stocks (in thousands) 119,811 120,306 117,698 110,794 98,463 88,502 - -
Announcement Date 30/11/21 30/11/22 7/12/23 5/12/24 4/12/25 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.93x0.81x3.18x5.49% 371M
56.67x - - - 322M
7.6x - - 6.19% 94.98M
Average 23.73x 0.81x 3.18x 5.84% 262.61M
Weighted average by Cap. 27.32x 0.81x 3.18x 5.63%

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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