WHITBREAD ORD GBP0.76797385
Symbol: WTB
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Company
Business Summary
Whitbread PLC is a United Kingdom-based company, which is engaged in the hospitality business. The Company, its subsidiaries and joint ventures, operate hotels and restaurants, located in the United Kingdom and internationally. It provides services in relation to accommodation, food and beverage. The Company's hotel brands include Premier Inn, hub by Premier Inn and ZIP by Premier Inn. Premier Inn has over 83,500 rooms in over 840 hotels in United Kingdom and in Germany with 9,000 rooms in 51 hotels. hub by Premier Inn offers smart rooms across London and Edinburgh. Each room includes a slick touchscreen control panel to change the lighting and temperature, completely free superfast Wi-Fi, smart televisions, high-powered monsoon showers and relaxing comfortable beds. ZIP by Premier Inn offers compact rooms. Its food and beverage brands include Beefeater, BAR+BLOCK, thyme BAR & GRILL, COOCKHOUSE + PUB, Brewers fayre and Table Table.
Financial Summary
BRIEF: For the fiscal year ended 29 February 2024, Whitbread plc revenues increased 13% to £2.96B. Net income increased 12% to £312.1M. Revenues reflect Occupancy - % - Premier Inn Germany increase of 4% to 61.8%, Average Daily Room Rate (ADR)-Premier increase of 15% to L72, Comp Store Sales (Growth-%) Restauran increase from -7 to 7%. Net income was partially offset by Utilities, rates and other site property increase of 12% to £699.1M (expense).
Financials
Income Statement - All values are in GBP (M).
Year Ending |
29/02/2024 |
02/03/2023 |
03/03/2022 |
25/02/2021 |
27/02/2020 |
28/02/2019 |
---|---|---|---|---|---|---|
Total Revenue | 2,959.90 | 2,625.20 | 1,703.40 | 588.90 | 2,062.10 | 2,047.10 |
Gross profit | 2,704.80 | 2,396.20 | 1,556.80 | 1,853.60 | 1,842.90 | 1,842.90 |
Operating Profit/Loss | 551.80 | 502.70 | 226.90 | -851.30 | 411.00 | 288.80 |
Profit Before Tax | 451.70 | 374.90 | 58.20 | -1,007.40 | 280.00 | 259.80 |
Profit After Tax | 312.10 | 278.80 | 42.50 | -906.50 | 217.90 | 210.60 |
Equity Holders of Parent Company | 312.10 | 278.80 | 42.50 | -906.50 | 217.90 | 3,730.60 |
Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
29/02/2024 |
02/03/2023 |
03/03/2022 |
25/02/2021 |
27/02/2020 |
28/02/2019 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 8,684.10 | 8,614.50 | 8,298.30 | 7,448.10 | 6,992.50 | 4,348.90 |
Total Current Assets | 837.20 | 1,328.30 | 1,268.20 | 1,350.50 | 833.00 | 3,555.70 |
Total Assets | 9,521.30 | 9,942.80 | 9,566.50 | 8,798.60 | 7,825.50 | 7,904.60 |
Total Liabilities | 6,001.90 | 5,831.40 | 5,447.50 | 4,964.50 | 4,076.70 | 1,702.20 |
Total Net Assets | 3,519.40 | 4,111.40 | 4,119.00 | 3,834.10 | 3,748.80 | 6,202.40 |
Shareholders Funds | 3,519.40 | 4,111.40 | 4,119.00 | 3,834.10 | 3,748.80 | 6,202.40 |
Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
Total Equity | 3,519.40 | 4,111.40 | 4,119.00 | 3,834.10 | 3,748.80 | 6,202.40 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy7 |
Buy8 |
Neutral4 |
Sell1 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 7 | 8 | 4 | 1 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £2,996.36mn | £3,157.56mn | £3,310.47mn |
Pre-tax-Profit | £684.45mn | £709.49mn | £739.43mn |
EPS | £2.18p | £2.30p | £2.39p |
EPS Growth | 34.12% | 5.06% | 4.12% |
P/E | 14.18 | 13.5 | 12.97 |
PEG Ratio | 0.42 | 2.67 | 3.15 |
Dividend | 96.87p | 99.91p | 106.11p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
30th Apr 2024 | Shore Capital | Reiteration | 3167p | 0p | 0p | Buy |
5th Mar 2024 | Shore Capital | Reiteration | 3172p | 0p | 0p | Buy |
17th Nov 2023 | JP Morgan Cazenove | Reiteration | 3342p | 0p | 0p | Overweight |
15th Sep 2023 | Shore Capital | Reiteration | 3678p | 0p | 0p | Buy |
13th Sep 2023 | JP Morgan Cazenove | Reiteration | 3641p | 4400p | 4600p | Overweight |
8th Sep 2023 | Barclays | Reiteration | 3600p | 0p | 4250p | Overweight |
21st Jul 2023 | Berenberg Bank | Reiteration | 3422p | 0p | 0p | Buy |
23rd Jun 2023 | JP Morgan Cazenove | Reiteration | 3271p | 4300p | 4400p | Overweight |
19th Jun 2023 | Jefferies | Reiteration | 3449p | 0p | 40p | Buy |
30th May 2023 | Deutsche | Reiteration | 3307p | 0p | 4000p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
3 May 2024 | 11:45 | 2,986 | 31 | Sell |
3 May 2024 | 11:45 | 2,986 | 18 | Sell |
3 May 2024 | 11:45 | 2,986 | 106 | Sell |
3 May 2024 | 11:45 | 2,986 | 107 | Buy |
3 May 2024 | 11:45 | 2,987 | 34 | Sell |
3 May 2024 | 11:45 | 2,987 | 107 | Sell |
3 May 2024 | 11:45 | 2,988.64 | 100 | Buy |
3 May 2024 | 11:44 | 2,988 | 40 | Sell |
3 May 2024 | 11:44 | 2,988 | 27 | Sell |
3 May 2024 | 11:44 | 2,988 | 30 | Sell |
3 May 2024 | 11:44 | 2,987 | 26 | Sell |
3 May 2024 | 11:44 | 2,987 | 43 | Sell |
3 May 2024 | 11:44 | 2,988 | 32 | Buy |
3 May 2024 | 11:44 | 2,989 | 34 | Buy |
3 May 2024 | 11:44 | 2,986 | 32 | Buy |
3 May 2024 | 11:44 | 2,987 | 32 | Buy |
3 May 2024 | 11:43 | 2,985 | 89 | Sell |
3 May 2024 | 11:43 | 2,985 | 95 | Sell |
3 May 2024 | 11:43 | 2,985 | 26 | Sell |
3 May 2024 | 11:42 | 2,985 | 96 | Sell |
Selected data supplied by Thomson Reuters © View restrictions.