Financials A.G. BARR p.l.c.

Equities

BAG

GB00B6XZKY75

Non-Alcoholic Beverages

Market Closed - London S.E. Other stock markets 11:35:11 2024-05-09 am EDT			5-day change	1st Jan Change
580 ^GBX	+0.42%		+2.65%	+13.06%

Apr. 30	Deutsche Bank Initiates AG Barr Coverage with Buy Rating	MT
Apr. 30	Deutsche says buy Barr, Britvic and Fevertree	AN

Valuation

Fiscal Period: January	2020	2021	2022	2023	2025	2026	2027
Capitalization ¹	697.4	541.4	551.2	582.9	643.7	-	-
Enterprise Value (EV) ¹	686.5	488.5	486.9	530	583.4	560.6	536.4
P/E ratio	23.7 x	28.4 x	19.9 x	17.2 x	17.6 x	13.6 x	12.7 x
Yield	2.67%	-	2.42%	2.5%	2.85%	3.19%	3.34%
Capitalization / Revenue	2.73 x	2.39 x	2.05 x	1.84 x	1.53 x	1.46 x	1.42 x
EV / Revenue	2.68 x	2.15 x	1.81 x	1.67 x	1.38 x	1.27 x	1.18 x
EV / EBITDA	13.4 x	10.5 x	9.15 x	9.41 x	8.52 x	7.11 x	6.17 x
EV / FCF	27.1 x	11.2 x	12.7 x	24.9 x	16.9 x	12.9 x	11.2 x
FCF Yield	3.69%	8.93%	7.89%	4.02%	5.9%	7.78%	8.9%
Price to Book	3.37 x	2.36 x	2.25 x	2.17 x	2.08 x	1.91 x	1.76 x
Nbr of stocks (in thousands)	111,224	111,172	111,248	111,241	110,980	-	-
Reference price ²	6.270	4.870	4.955	5.240	5.800	5.800	5.800
Announcement Date	4/8/20	3/30/21	3/29/22	3/28/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: January	2020	2021	2022	2023	2025	2026	2027
Net sales ¹	255.7	227	268.6	317.6	421.5	440	453.8
EBITDA ¹	51.1	46.5	53.2	56.3	68.49	78.86	86.93
EBIT ¹	38.1	33.6	42	45.3	55.04	63.23	67.6
Operating Margin	14.9%	14.8%	15.64%	14.26%	13.06%	14.37%	14.9%
Earnings before Tax (EBT) ¹	37.4	26	42.2	44.4	51	63.7	68.25
Net income ¹	29.8	19.1	27.9	33.9	36.97	47.76	51.19
Net margin	11.65%	8.41%	10.39%	10.67%	8.77%	10.86%	11.28%
EPS ²	0.2649	0.1716	0.2495	0.3047	0.3301	0.4264	0.4567
Free Cash Flow ¹	25.3	43.6	38.4	21.3	34.44	43.61	47.75
FCF margin	9.89%	19.21%	14.3%	6.71%	8.17%	9.91%	10.52%
FCF Conversion (EBITDA)	49.51%	93.76%	72.18%	37.83%	50.29%	55.3%	54.93%
FCF Conversion (Net income)	84.9%	228.27%	137.63%	62.83%	93.17%	91.3%	93.28%
Dividend per Share ²	0.1674	-	0.1200	0.1310	0.1653	0.1850	0.1939
Announcement Date	4/8/20	3/30/21	3/29/22	3/28/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: January	2022 S1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	14.2
Net margin	-
EPS ²	0.1271
Dividend per Share	-
Announcement Date	9/28/21

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: January	2020	2021	2022	2023	2025	2026	2027
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	10.9	52.9	64.3	52.9	60.3	83.1	107
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	25.3	43.6	38.4	21.3	34.4	43.6	47.8
ROE (net income / shareholders' equity)	14.3%	8.74%	11.8%	13.2%	12.7%	14.5%	14.3%
ROA (Net income/ Total Assets)	-	-	-	-	9.12%	10.9%	11.3%
Assets ¹	-	-	-	-	405.2	437.3	454
Book Value Per Share ²	1.860	2.060	2.200	2.420	2.790	3.030	3.290
Cash Flow per Share ²	0.3600	0.4600	0.3900	0.3200	0.5000	0.5700	0.6100
Capex ¹	14.8	7.1	5	14.6	19.8	18.7	20
Capex / Sales	5.79%	3.13%	1.86%	4.6%	4.69%	4.25%	4.41%
Announcement Date	4/8/20	3/30/21	3/29/22	3/28/23	-	-	-

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

Ratings for A.G. BARR p.l.c.

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.8 GBP

Average target price

6.478 GBP

Spread / Average Target

+11.70%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Carbonated Soft Drinks

	1st Jan change	Capi.
A.G. BARR P.L.C.	+13.06%	818M
PEPSICO, INC.	+4.84%	244B
COCA-COLA EUROPACIFIC PARTNERS PLC	+12.79%	33.64B
COCA-COLA FEMSA SAB DE CV	-.--%	12.72B
COCA-COLA BOTTLERS JAPAN HOLDINGS INC.	-0.22%	2.51B
OSOTSPA	-5.00%	1.71B
CEYLON COLD STORES PLC	+54.48%	207M

Carbonated Soft Drinks