Company Valuation: Rolls-Royce Holdings plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,239 7,783 25,062 47,756 96,220 120,334 - -
Change - -23.98% 221.99% 90.55% 101.48% 25.06% - -
Enterprise Value (EV) 1 15,340 10,979 27,014 47,281 94,248 117,436 116,483 114,916
Change - -28.43% 146.04% 75.02% 99.34% 24.6% -0.81% -1.35%
P/E 85.9x -6.13x 10.4x 19x 16.6x 34x 30.1x 26.5x
PBR -2.2x -1.29x -6.84x -52.3x 35.5x 44.6x 43.3x 41x
PEG - 0x -0x 4.66x 0x -0.9x 2.3x 2x
Capitalization / Revenue 0.94x 0.61x 1.63x 2.68x 4.8x 5.11x 4.6x 4.15x
EV / Revenue 1.4x 0.87x 1.75x 2.65x 4.7x 4.99x 4.45x 3.97x
EV / EBITDA 11.1x 6.84x 10.5x 14.3x 21.6x 21x 18.9x 16.8x
EV / EBIT 37.1x 16.8x 17x 19.2x 27.2x 24.7x 22.2x 19.5x
EV / FCF -10.6x 22.4x 21x 19.5x 28.8x 29.2x 24.8x 21x
FCF Yield -9.4% 4.47% 4.76% 5.13% 3.47% 3.43% 4.04% 4.76%
Dividend per Share 2 - - - 0.06 0.095 0.1447 0.1636 0.1903
Rate of return - - - 1.06% 0.83% 1% 1.13% 1.31%
EPS 2 0.0143 -0.152 0.287 0.2987 0.6914 0.427 0.4823 0.547
Distribution rate - - - 20.1% 13.7% 33.9% 33.9% 34.8%
Net sales 1 10,947 12,691 15,409 17,848 20,059 23,537 26,152 28,974
EBITDA 1 1,385 1,605 2,568 3,317 4,362 5,590 6,153 6,850
EBIT 1 414 652 1,590 2,464 3,462 4,753 5,240 5,904
Net income 1 121 -1,269 2,412 2,521 5,841 3,445 3,869 4,455
Net Debt 1 5,101 3,196 1,952 -475 -1,972 -2,898 -3,850 -5,417
Reference price 2 1.23 0.93 3.00 5.69 11.50 14.50 14.50 14.50
Nbr of stocks (in thousands) 8,332,659 8,351,299 8,362,359 8,398,830 8,366,939 8,298,871 - -
Announcement Date 24/2/22 23/2/23 22/2/24 27/2/25 26/2/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.82x6.65x27.7x0.57% 326B
32.18x3x17.81x1.47% 261B
33.96x4.99x21.01x1% 161B
17.5x1.69x12.18x2.63% 123B
20.78x1.76x14.41x1.79% 95.38B
26.42x1.87x13.07x1.96% 76.61B
18.17x1.9x13.52x1.84% 74.92B
29.65x3.25x14.29x1.39% 54.15B
Average 26.93x 3.14x 16.75x 1.58% 146.58B
Weighted average by Cap. 29.86x 3.92x 19.38x 1.36%

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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  5. Valuation Rolls-Royce Holdings plc
-40%: Exceptional extension
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