JOHNSON MATTHEY PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,870 GBX | +0.92% |
|
+6.49% | +10.16% |
| 01:55pm | Deutsche Bank Restarts Johnson Matthey Coverage at Buy | MT |
| 10:40am | UBS raises Centrica to 'buy' from 'neutral | AN |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,032 | 3,454 | 5,801 | 3,463 | 3,624 | 3,420 | - | - |
| Enterprise Value (EV) 1 | 6,898 | 4,548 | 6,576 | 4,319 | 4,647 | 4,416 | 4,326 | 4,356 |
| P/E ratio | 14.6 x | 13.6 x | 28.3 x | -35.7 x | 13.2 x | 13.6 x | 9.87 x | 10.3 x |
| Yield | 2.72% | 3.09% | 2.32% | 4.1% | 3.88% | 4.17% | 4.32% | 4.51% |
| Capitalization / Revenue | 1.43 x | 0.83 x | 1.48 x | 0.88 x | 0.86 x | 0.83 x | 0.84 x | 0.85 x |
| EV / Revenue | 1.64 x | 1.09 x | 1.68 x | 1.1 x | 1.11 x | 1.07 x | 1.06 x | 1.08 x |
| EV / EBITDA | 9.54 x | 6.45 x | 9.61 x | 5.97 x | 7.18 x | 7.26 x | 6.56 x | 6.24 x |
| EV / FCF | -531 x | 87.5 x | 16.9 x | 28.4 x | -186 x | 18.6 x | 23.7 x | 16.7 x |
| FCF Yield | -0.19% | 1.14% | 5.9% | 3.52% | -0.54% | 5.38% | 4.22% | 5.98% |
| Price to Book | 2.31 x | 1.23 x | 2.16 x | 1.47 x | 1.44 x | 1.32 x | 1.22 x | 1.15 x |
| Nbr of stocks (in thousands) | 191,973 | 192,093 | 192,522 | 184,333 | 182,716 | 182,883 | - | - |
| Reference price 2 | 31.42 | 17.98 | 30.13 | 18.78 | 19.84 | 18.70 | 18.70 | 18.70 |
| Announcement Date | 5/30/19 | 6/11/20 | 5/27/21 | 5/26/22 | 5/25/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,214 | 4,170 | 3,922 | 3,940 | 4,201 | 4,110 | 4,087 | 4,045 |
| EBITDA 1 | 723 | 705 | 684 | 724 | 647 | 608.5 | 659.7 | 698.5 |
| EBIT 1 | 566 | 539 | 504 | 556 | 465 | 418.3 | 466.1 | 499.4 |
| Operating Margin | 13.43% | 12.93% | 12.85% | 14.11% | 11.07% | 10.18% | 11.4% | 12.35% |
| Earnings before Tax (EBT) 1 | 488 | 305 | 238 | 195 | 344 | 314.4 | 395.4 | 431.8 |
| Net income 1 | 413 | 255 | 205 | -101 | 276 | 249.1 | 353.4 | 339.8 |
| Net margin | 9.8% | 6.12% | 5.23% | -2.56% | 6.57% | 6.06% | 8.65% | 8.4% |
| EPS 2 | 2.146 | 1.321 | 1.064 | -0.5260 | 1.502 | 1.374 | 1.894 | 1.821 |
| Free Cash Flow 1 | -13 | 52 | 388 | 152 | -25 | 237.7 | 182.5 | 260.7 |
| FCF margin | -0.31% | 1.25% | 9.89% | 3.86% | -0.6% | 5.78% | 4.47% | 6.44% |
| FCF Conversion (EBITDA) | - | 7.38% | 56.73% | 20.99% | - | 39.06% | 27.66% | 37.32% |
| FCF Conversion (Net income) | - | 20.39% | 189.27% | - | - | 95.41% | 51.65% | 76.72% |
| Dividend per Share 2 | 0.8550 | 0.5562 | 0.7000 | 0.7700 | 0.7700 | 0.7794 | 0.8081 | 0.8435 |
| Announcement Date | 5/30/19 | 6/11/20 | 5/27/21 | 5/26/22 | 5/25/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,124 | 2,046 | 1,679 | 2,243 | 4,293 | 4,293 | 1,938 | 2,002 | 2,045 | 2,156 | 1,967 |
| EBITDA | 350 | 355 | 235 | 449 | - | - | 389 | 335 | 309 | 338 | 273 |
| EBIT | 265 | 274 | 151 | 353 | - | - | 293 | 263 | 222 | 243 | 180 |
| Operating Margin | 12.48% | 13.39% | 8.99% | 15.74% | - | - | 15.12% | 13.14% | 10.86% | 11.27% | 9.15% |
| Earnings before Tax (EBT) | 225 | 80 | 26 | 212 | - | - | -9 | 204 | 188 | 156 | 82 |
| Net income | 176 | 79 | 24 | 181 | - | - | -28 | -73 | 160 | 116 | 63 |
| Net margin | 8.29% | 3.86% | 1.43% | 8.07% | - | - | -1.44% | -3.65% | 7.82% | 5.38% | 3.2% |
| EPS | 0.9160 | 1.230 | 0.1230 | 0.9410 | - | - | -0.1480 | -0.3780 | 0.8710 | 0.6310 | 0.3460 |
| Dividend per Share | - | 0.3112 | 0.2000 | 0.5000 | - | - | 0.2200 | - | 0.2200 | - | - |
| Announcement Date | 11/21/19 | 6/11/20 | 11/19/20 | 5/27/21 | 8/24/21 | 11/24/21 | 11/24/21 | 5/26/22 | 11/23/22 | 5/25/23 | 11/22/23 |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 866 | 1,094 | 775 | 856 | 1,023 | 996 | 906 | 936 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.198 x | 1.552 x | 1.133 x | 1.182 x | 1.581 x | 1.637 x | 1.374 x | 1.34 x |
| Free Cash Flow 1 | -13 | 52 | 388 | 152 | -25 | 238 | 183 | 261 |
| ROE (net income / shareholders' equity) | 16.6% | 9.38% | 12.7% | 15.9% | 11.1% | 10.6% | 13.5% | 11.9% |
| ROA (Net income/ Total Assets) | 7.98% | 3.83% | 2.71% | 5.65% | 4.03% | 3.86% | 6.24% | 4.84% |
| Assets 1 | 5,176 | 6,654 | 7,553 | -1,788 | 6,847 | 6,450 | 5,660 | 7,022 |
| Book Value Per Share 2 | 13.60 | 14.70 | 13.90 | 12.70 | 13.80 | 14.20 | 15.30 | 16.20 |
| Cash Flow per Share 2 | 1.740 | 3.110 | 3.990 | 3.150 | 1.580 | 2.770 | 2.890 | 2.980 |
| Capex 1 | 301 | 443 | 381 | 453 | 316 | 348 | 342 | 339 |
| Capex / Sales | 7.14% | 10.62% | 9.71% | 11.5% | 7.52% | 8.47% | 8.38% | 8.38% |
| Announcement Date | 5/30/19 | 6/11/20 | 5/27/21 | 5/26/22 | 5/25/23 | - | - | - |
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
OUTPERFORM
Number of Analysts
14
Last Close Price
18.53
GBP
Average target price
20.08
GBP
Spread / Average Target
+8.35%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.16% | 4.25B | |
| +17.59% | 66.51B | |
| +0.84% | 48.47B | |
| +17.11% | 41.43B | |
| +22.33% | 27.19B | |
| +11.45% | 19.82B | |
| +5.08% | 18.15B | |
| -21.31% | 15.98B | |
| +4.38% | 15.53B | |
| -9.70% | 15.46B |
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