Added to YB: 2026-03-05
Pitch date: 2026-03-03
BNZL.L [neutral]
Bunzl plc
-1.27%
current return
Author Info
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Company Info
Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally.
Market Cap
GBP 7.2B
Pitch Price
GBP 22.12
Price Target
N/A
Dividend
3.30%
EV/EBITDA
8.39
P/E
15.94
EV/Sales
0.82
Sector
Trading Companies and Distributors
Category
turnaround
Update: Bunzl plc ($BNZL.L) FY 2025 Results
BNZL.L (update): FY25 rev £11.8B (+3% constant FX), underlying growth +0.4% (H2 +0.9% vs H1 -0.2%). Op margin 7.7% vs 8.3% prior, hurt by N.America decline to 7.0% from 7.9% on centralization missteps. Own brand penetration 30% (from 28%) supporting margin defense. FCF £578M, 95% cash conversion, 2.0x leverage. Finished £200M buyback as M&A slowed to £132M vs £460M avg. 33 yrs dividend growth maintained. Watching if decentralization raises structural costs & 2026 M&A deployment.
Read full article (6 min)