Whitbread (WTB)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

3,003.00p
   
  • Change Today:
      7.00p
  • 52 Week High: 3,678.00
  • 52 Week Low: 2,996.00
  • Currency: UK Pounds
  • Shares Issued: 184.11m
  • Volume: 174,879
  • Market Cap: £5,529m
  • RiskGrade: 219

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 03-Mar-22 25-Feb-21 27-Feb-20 28-Feb-19 01-Mar-18
Annualisation Factor 1.0 n/a 1.0 1.0 0.3
Dividend Yield 1.3% 0.0% 0.9% 2.4% 3.1%
           
Continuing Operations          
PE Ratio - Adjusted n/a n/a 21.0 24.2 17.3
PE Ratio - Diluted 129.3
79.9		 n/a
n/a		 28.1
18.2		 43.3
24.4		 17.6
17.3
PEG - Adjusted n/a n/a n/a n/a 4.3
PEG - Diluted n/a
n/a		 n/a
n/a		 0.9
1.5		 n/a
n/a		 2.5
n/a
Return on Capital Employed 2.58%
2.57%		 n/a
n/a		 5.70%
6.79%		 4.13%
6.07%		 4.40%
4.36%
Operating Margin 13.32%
13.30%		 (141.06%)
(140.60%)		 19.84%
23.62%		 17.87%
26.27%		 23.18%
22.99%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted n/a n/a 21.0 17.4 38.2
PE Ratio - Diluted 129.3
79.9		 n/a
n/a		 28.1
18.2		 2.1
16.5		 41.5
42.0
PEG - Adjusted n/a n/a n/a 0.1 n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 0.0
0.1		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 03-Mar-22 25-Feb-21 27-Feb-20 28-Feb-19 01-Mar-18
Net Gearing 86.46% 85.50% 78.52% (1.97%) 29.72%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 03-Mar-22 25-Feb-21 27-Feb-20 28-Feb-19 01-Mar-18
Price/Book Value 1.4 1.8 1.5 1.4 2.4
Price/Tangible Book Value 1.4 1.8 1.5 1.4 2.4
Price/ Cash Flow 10.7 (16.7) 22.3 12.6 9.7
Price/Revenue 3.20 1,094.59 2.52 3.72 9.04
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 1,961.22p 1,953.75p 2,393.57p 2,996.22p 1,369.35p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 03-Mar-22 25-Feb-21 27-Feb-20 28-Feb-19 01-Mar-18
Continuing Operations          
Revenue 1,703.40 5.95 2,071.50 2,049.10 666.70
EBITDA 553.80
553.50		 (5.36)
(5.33)		 679.80
758.10		 624.40
796.60		 204.55
203.26
Depreciation (326.90)
(326.90)		 (3.03)
(3.03)		 (268.80)
(268.80)		 (258.30)
(258.30)		 (49.98)
(49.98)
Net Interest (169.10)
(169.10)		 (1.70)
(1.70)		 (128.50)
(128.50)		 (147.40)
(147.40)		 (13.52)
(10.20)
Profit Before Tax 58.20
57.90		 (10.17)
(10.14)		 280.00
358.30		 218.10
390.30		 141.65
143.68
           
Revenue per Share 843.68p 3.16p 1,386.55p 1,120.95p 364.91p
Pre-Tax Profit per Share 28.83p
28.68p		 (5.41p)
(5.39p)		 187.42p
239.83p		 119.31p
213.51p		 77.53p
78.64p
Market Capitalisation £ (Millions) 5,797.94 7,422.53 5,145.10 8,167.70 6,449.54
Enterprise Value (EV) £ (Millions) 10,426.84 11,948.43 8,567.30 11,444.90 7,360.44
EBITDA/EV 5.31%
5.31%		 (0.04%)
(0.04%)		 7.93%
8.85%		 5.46%
6.96%		 2.78%
2.76%
Operating Margin 13.32%
13.30%		 (141.06%)
(140.60%)		 19.84%
23.62%		 17.87%
26.27%		 23.18%
22.99%
Capital Employed £ (Millions) 8,815.70 8,262.70 7,167.50 8,854.30 3,529.00
Return on Capital Employed 2.58%
2.57%		 n/a
n/a		 5.70%
6.79%		 4.13%
6.07%		 4.40%
4.36%
Invested Equity Capital £ (Millions) 4,281.30 3,887.70 3,894.20 5,738.20 2,906.30
           
Earnings per Share - Basic 21.10p
33.98p		 (4.86p)
(484.10p)		 125.30p
193.57p		 96.70p
172.05p		 188.00p
191.57p
Earnings per Share - Diluted 20.90p
33.81p		 (4.86p)
(484.10p)		 124.70p
192.41p		 96.20p
171.20p		 187.50p
191.05p
Earnings per Share - Adjusted (2.50)p (2.90)p 166.30p 172.00p 190.70p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 30%
12%		 -49%
-10%		 7%
-11%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 30%
12%		 -49%
-10%		 7%
-10%
Earnings per Share Growth - Adjusted n/a n/a -3% -10% 4%
PE Ratio - Diluted 129.3
79.9		 n/a
n/a		 28.1
18.2		 43.3
24.4		 17.6
17.3
PEG - Diluted n/a
n/a		 n/a
n/a		 0.9
1.5		 n/a
n/a		 2.5
n/a
Tax Rate 27.16% 10.12% 21.95% 18.84% 19.61%
Dividend Cover (0.07)
0.98		 n/a
n/a		 5.09
5.92		 1.73
1.73		 1.89
1.89
Interest Cover 1.34
1.33		 (4.76)
(4.74)		 2.94
3.48		 2.43
3.57		 11.35
14.87
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 21.10p
33.98p		 (0.049p)
(4.89p)		 125.30p
193.57p		 2,041.20p
254.16p		 79.38p
78.73p
Earnings per Share - Diluted 20.90p
33.81p		 (0.049p)
(4.89p)		 124.70p
192.41p		 2,031.20p
252.91p		 79.41p
78.52p
Earnings per Share - Adjusted (2.50p) (0.029p) 166.30p 239.00p 86.42p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 -94%
-24%		 2,472%
223%		 -55%
-63%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 -94%
-24%		 2,458%
222%		 -54%
-63%
Earnings per Share Growth - Adjusted n/a n/a -30% 177% -53%
PE Ratio - Diluted 129.3
79.9		 n/a
n/a		 28.1
18.2		 2.1
16.5		 41.5
42.0
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 0.0
0.1		 n/a
n/a
Dividend Cover (0.07)
0.98		 n/a
n/a		 5.09
5.92		 2.40
2.55		 0.85
0.78
Return on Equity (ROE) 0.99%
1.60%		 (0.24%)
(0.24%)		 5.60%
7.43%		 65.03%
8.10%		 5.01%
4.95%
Operating Cash Flow per Share 251.96p (2.10p) 156.76p 329.98p 339.90p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (60.92p) 4.04p (1,936.08p) 1,812.31p 4.96p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 34.70p n/a 32.70p 99.70p 101.15p
Dividend per Share Growth n/a n/a (67.20%) (1.43%) 43.07%
Dividend Yield 1.3% 0.0% 0.9% 2.4% 3.1%
Shareholders Funds 4,119.00 3,834.10 3,748.80 5,652.70 2,802.50
Net Borrowings £ (Millions) 3,561.30 3,278.10 2,943.50 (111.50) 832.80
Net Asset Value per Share (inc. Intangibles) 1,961.22p 1,953.75p 2,393.57p 2,996.22p 1,369.35p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 03-Mar-22 25-Feb-21 27-Feb-20 28-Feb-19 01-Mar-18
Shareholders' Funds inc Intangibles 4,119.00 3,834.10 3,748.80 5,652.70 2,802.50
Net Borrowings £ (Millions) 3,561.30 3,278.10 2,943.50 (111.50) 832.80
Net Gearing 86.46% 85.50% 78.52% (1.97%) 29.72%
Cash & Near Cash 1,132.40 1,256.00 502.60 3,403.20 90.60
Cash 27.49% 32.76% 13.41% 60.20% 3.23%
Gross Borrowings 4,693.70 4,534.10 3,446.10 3,291.70 923.40
Gross Gearing 113.95% 118.26% 91.93% 58.23% 32.95%
Borrowings Under 5 years 4,693.70 4,534.10 3,446.10 3,291.70 923.40
Under 5 years 113.95% 118.26% 91.93% 58.23% 32.95%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 03-Mar-22 25-Feb-21 27-Feb-20 28-Feb-19 01-Mar-18
Shareholders' Funds exc Intangibles 3,959.70 3,675.00 3,576.00 5,477.10 2,501.80
Net Borrowings £ (Millions) 3,561.30 3,278.10 2,943.50 (111.50) 832.80
Net Gearing 89.94% 89.20% 82.31% (2.04%) 33.29%
Cash & Near Cash 1,132.40 1,256.00 502.60 3,403.20 90.60
Cash 28.60% 34.18% 14.05% 62.14% 3.62%
Gross Borrowings 4,693.70 4,534.10 3,446.10 3,291.70 923.40
Gross Gearing 118.54% 123.38% 96.37% 60.10% 36.91%
Borrowings Under 5 years 4,693.70 4,534.10 3,446.10 3,291.70 923.40
Under 5 years 118.54% 123.38% 96.37% 60.10% 36.91%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 03-Mar-22 25-Feb-21 27-Feb-20 28-Feb-19 01-Mar-18
Quick Ratio 1.83 1.73 1.27 3.72 0.35
Current Ratio 1.85 1.74 1.29 3.73 0.40

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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