Whitbread (WTB)

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Company name:	Whitbread Plc
Company Description:	A group engaged in the operation of restaurants public houses bars and hotels and the brewing of beer
EPIC:	WTB	Trading Currency:	GBX
Market Sector:	FS10	ISIN:	GB00B1KJJ408
Market Segment:	SET1	Share Type:	DE
WWW Address:	http://www.whitbread.co.uk/	Description:	ORD 76 122/153P
Industry Sector:	TRAVEL & LEISURE

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
2,883.00	-5.0 [-0.17]	2,874.00	2,875.00	2,925.00	2,942.00	2,865.00	691,148
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
5,823.36	201.99	1.69	-481.90	-	-	-	3,707.00 - 2,761.00

Whitbread Key Figures

(at previous day's close)
Market Cap.	5,823.36	m
Shares In Issue	201.99	m
Prev. Close	2,888.00
PE Ratio	-
Dividend Yield	-	%
EPS - basic	-481.90	p
Dividend PS	-	p
Dividend Cover	-
Cash Flow PS	-193.62	p
Return On Equity (ROE)	-23.64	%
Operating Margin	-170.92	%
PEG Factor	-
EPS Growth Rate	-430.29	%
Dividends PS Growth Rate	-	%
Net Debt	3,708.50	m
Gross Gearing	56.42	%
Quick Assets	1,349.20	m
Net Working Capital	586.00	m
Intangibles / Fixed Assets	39.83	%
Turnover PS	291.80	p
Pre-Tax Profit PS	-498.74	p
Retained Profit PS	-448.79	p
Cash PS	621.81	p
Net Cash PS	237.98	p
Net Tangible Asset Value PS *	431.51	p
Net Asset Value PS	1,898.17	p
Spread	1.00 (0.03%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Whitbread Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	2,983.00	2,776.00
4 weeks	3,449.00	2,776.00
12 weeks	3,465.00	2,776.00
1 year	3,707.00	2,761.00

Share Price Chart (5 years)

Whitbread Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	2,982.00	-99.00	-3.32	2,776.00	0.91		2,844.76
4 weeks	3,344.00	-461.00	-13.79	2,776.00	0.73		3,063.42
12 weeks	3,279.00	-396.00	-12.08	2,776.00	0.60		3,194.77
26 weeks	3,249.00	-366.00	-11.27	2,765.00	0.59		3,163.10
1 year	3,199.00	-316.00	-9.88	2,761.00	0.72		3,203.65
3 years	4,632.00	-1,749.00	-37.76	1,805.50	0.83		3,519.67
5 years	3,407.00	-524.00	-15.38	1,805.50	0.76		3,702.28
† periods calculated are whole weeks rather than calendar months

Whitbread Key Management Ratios

Whitbread Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	-
Tobin's Q Ratio	0.70
Tobin's Q Ratio (excl. intangibles)	1.04
Dividend Yield	-	%
Market-to-Book Ratio	1.52
Price-to-Pre-Tax Profit PS	-5.78
Price-to-Retained Profit PS	-6.42
Price-to-Cash Flow PS	-14.89
Price-to-Sales PS	9.88
Price-to-Net Tangible Asset Value PS	6.68
Price-to-Cash PS	4.64
Net Working Capital PS	290.11
Price Pct to Working Capital PS	9.94	%
Earnings Yield	-	%
Average PE	20.01
Years in average	4
PE to PE average	-	%

Whitbread Financial Ratios

(Leverage Ratios)
Debt Ratio	52.21	%
Debt-to-Equity Ratio	1.09
Debt-to-Equity Ratio (excl. Intgbl)	4.81
Debt-to-Equity Market Value	0.72
Net Gearing	42.15	%
Net Gearing (excl. Intangibles)	63.54	%
Gross Gearing	56.42	%
Gross Gearing (excl. Intangibles)	85.07	%
Gearing Under 1 Year	8.81	%
Gearing Under 1 Year (excl. Intgbl)	13.28	%
Assets/Equity	2.29
Cash/Equity	32.76
(Liquidity Ratios)
Net Working Capital to Total Assets	6.66	%
Current Ratio	1.76
Quick Ratio (Acid Test)	1.74
Liquidity Ratio	1.62
Cash & Equiv/Current Assets	92.26	%
(Solvency Ratios)
Enterprise Value	8,756.56	m
CFO/Sales	-0.66
CFO/Attributable Profit	-
CFO/Assets	-0.04
CFO/Debt	-0.08
Total Debt/Equity Market Value	0.85
Total Debt/Sales	8.42
Total Debt/Pre-Tax Profit	-4.93
Total Debt	4,964.50	m
Total Debt/Net Current Assets	8.47	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	5

Beta (60-Mnth)	Beta (36-Mnth)
1.6937	1.8589

Whitbread Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	-12.56	%
Return On Assets (ROA)	-10.91	%
Net Profit Margin	-153.80	%
Assets Turnover	0.07
Return On Equity (ROE)	-23.64	%
Return On Investment (ROI)	-11.93	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	-	%
Net Income Of Revenues	-153.80	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.16
Fixed Assets Turnover	0.08
Current Assets Turnover	0.53
Net Working Capital Turnover
Inventory Turnover	45.69
(Other Operating Ratios)
Total Assets-to-Sales	14.10
Debtors-to-Sales	32.83	%
Debt Collection Period	119.83	Days

Whitbread Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
22 Oct 2019	Interim	GBX	32.70	01/03/2019	29/08/2019	07/11/2019	08/11/2019	13/12/2019	-
30 Apr 2019	Final	GBX	67.00	28/02/2018	28/02/2019	30/05/2019	31/05/2019	05/07/2019	99.65
23 Oct 2018	Interim	GBX	32.65	02/03/2018	30/08/2018	08/11/2018	09/11/2018	14/12/2018	-
25 Apr 2018	Final	GBX	69.60	01/03/2017	01/03/2018	24/05/2018	25/05/2018	04/07/2018	101.00
24 Oct 2017	Interim	GBX	31.40	03/03/2017	31/08/2017	09/11/2017	10/11/2017	15/12/2017	-
25 Apr 2017	Final	GBX	65.90	02/03/2016	02/03/2017	25/05/2017	26/05/2017	30/06/2017	95.80
25 Oct 2016	Interim	GBX	29.90	01/03/2016	01/09/2016	10/11/2016	11/11/2016	16/12/2016	-
26 Apr 2016	Final	GBX	61.85	03/03/2015	03/03/2016	26/05/2016	27/05/2016	01/07/2016	90.35
20 Oct 2015	Interim	GBX	28.50	27/02/2015	27/08/2015	19/11/2015	20/11/2015	18/12/2015	-
28 Apr 2015	Final	GBX	56.95	26/02/2014	26/02/2015	28/05/2015	29/05/2015	03/07/2015	82.15
21 Oct 2014	Interim	GBX	25.20	28/02/2014	28/08/2014	04/12/2014	05/12/2014	09/01/2015	-
29 Apr 2014	Final	GBX	47.00	27/02/2013	27/02/2014	28/05/2014	30/05/2014	04/07/2014	68.80
22 Oct 2013	Interim	GBX	21.80	01/03/2013	29/08/2013	06/11/2013	08/11/2013	10/01/2014	-
30 Apr 2013	Final	GBX	37.90	28/02/2012	28/02/2013	15/05/2013	17/05/2013	12/07/2013	57.40
23 Oct 2012	Interim	GBX	19.50	01/03/2012	30/08/2012	07/11/2012	09/11/2012	10/01/2013	-
26 Apr 2012	Final	GBX	33.75	01/03/2011	01/03/2012	16/05/2012	18/05/2012	13/07/2012	51.25
18 Oct 2011	Interim	GBX	17.50	01/03/2011	01/09/2011	26/10/2011	28/10/2011	10/01/2012	-
28 Apr 2011	Final	GBX	33.25	03/03/2010	03/03/2011	11/05/2011	13/05/2011	13/07/2011	44.50
19 Oct 2010	Interim	GBX	11.25	02/03/2010	02/09/2010	27/10/2010	29/10/2010	11/01/2011	-
29 Apr 2010	Final	GBX	28.35	04/03/2009	04/03/2010	12/05/2010	14/05/2010	14/07/2010	38.00
13 Oct 2009	Interim	GBX	9.65	28/02/2009	28/08/2009	21/10/2009	23/10/2009	05/01/2010	-
28 Apr 2009	Final	GBX	26.90	26/02/2008	26/02/2009	06/05/2009	08/05/2009	10/07/2009	36.55
14 Oct 2008	Interim	GBX	9.65	28/02/2008	28/08/2008	22/10/2008	24/10/2008	06/01/2008	-
28 Apr 2008	Final	GBX	26.90	28/02/2007	28/02/2008	07/05/2008	09/05/2008	11/07/2008	36.00
24 Apr 2007	Final	GBX	22.15	31/12/2005	31/12/2006	02/05/2007	04/05/2007	06/07/2007	30.25
24 Oct 2006	Interim	GBX	8.10	03/03/2006	31/08/2006	01/11/2006	03/11/2006	02/01/2007	-
25 Apr 2006	Final	GBX	19.95	31/12/2004	31/12/2005	03/05/2006	05/05/2006	07/07/2006	35.94
25 Oct 2005	Interim	GBX	7.35	01/03/2005	01/09/2005	02/11/2005	04/11/2005	03/01/2006	-
26 Apr 2005	Final	GBX	18.35	03/03/2004	03/03/2005	04/05/2005	06/05/2005	08/07/2005	33.25
28 Oct 2004	Interim	GBX	6.90	02/03/2004	02/09/2004	03/11/2004	05/11/2004	04/01/2005	-
05 May 2004	Final	GBX	16.15	04/03/2003	04/03/2004	12/05/2004	14/05/2004	16/07/2004	29.36
28 Oct 2003	Interim	GBX	6.15	02/03/2003	30/08/2003	05/11/2003	07/11/2003	06/01/2004	-
30 May 2003	Final	GBX	14.30	01/03/2002	01/03/2003	07/05/2003	09/05/2003	11/07/2003	26.16
29 Oct 2002	Interim	GBX	5.57	03/03/2002	31/08/2002	06/11/2002	08/11/2002	07/01/2003	-
01 May 2002	Final	GBX	12.75	02/03/2001	02/03/2002	08/05/2002	10/05/2002	12/07/2002	23.43
30 Oct 2001	Interim	GBX	5.05	01/03/2001	01/09/2001	07/11/2001	09/11/2001	08/01/2002	-
02 May 2001	Final	GBX	38.50	03/03/2000	03/03/2001	16/05/2001	18/05/2001	13/07/2001	68.33
31 Oct 2000	Interim	GBX	13.40	02/03/2000	02/09/2000	06/11/2000	10/11/2000	09/01/2001	-
04 May 2000	Final	GBX	36.50	04/03/1999	04/03/2000	15/05/2000	19/05/2000	14/07/2000	64.77
27 Oct 1999	Interim	GBX	12.70	28/02/1999	28/08/1999	08/11/1999	12/11/1999	11/01/2000	-
05 May 1999	Final	GBX	34.20	27/02/1998	27/02/1999	17/05/1999	21/05/1999	16/07/1999	60.95
28 Oct 1998	Interim	GBX	12.10	01/03/1998	29/08/1998	09/11/1998	13/11/1998	11/01/1999	-
06 May 1998	Final	GBX	32.10	28/02/1997	28/02/1998	18/05/1998	22/05/1998	17/07/1998	57.14

Whitbread Fundamentals

	01 Mar 2018 (GBP)		28 Feb 2019 (GBP)		27 Feb 2020 (GBP)		25 Feb 2021 (GBP)
turnover	3,295.10	100.00%	2,049.10	100.00%	2,071.50	100.00%	589.40	100.00%	m
pre tax profit	548.40	16.64%	259.80	12.68%	280.00	13.52%	-1,007.40	-170.92%	m
attributable profit	438.00	13.29%	3,730.60	182.06%	217.90	10.52%	-906.50	-153.80%	m
retained profit	260.40	7.90%	3,543.20	172.91%	58.00	2.80%	-906.50	-153.80%	m
eps - basic (p)	239.74		248.80		145.90		-481.90
eps - diluted (p)	239.08		247.60		145.00		-481.90
dividends per share	101.00		99.65		-		-

Whitbread Balance Sheet

	01 Mar 2018 (GBP)		28 Feb 2019 (GBP)		27 Feb 2020 (GBP)		25 Feb 2021 (GBP)


	01 Mar 2018 (GBP)		28 Feb 2019 (GBP)		27 Feb 2020 (GBP)		25 Feb 2021 (GBP)
ASSETS
fixed assets	4,176.00	85.36%	4,090.00	51.74%	4,232.00	54.08%	4,213.10	47.88%	m
intangibles	300.70	6.15%	175.60	2.22%	2,446.50	31.26%	2,962.50	33.67%	m
fixed investments	72.10	1.47%	58.50	0.74%	303.00	3.87%	261.70	2.97%	m
current assets - other	7.30	0.15%	12.20	0.15%	14.90	0.19%	19.00	0.22%	m
stocks	48.80	1.00%	14.50	0.18%	13.70	0.18%	12.10	0.14%	m
debtors	196.90	4.02%	150.60	1.91%	312.80	4.00%	74.20	0.84%	m
cash & securities	90.60	1.85%	3,403.20	43.05%	502.60	6.42%	1,256.00	14.27%	m

TOTAL	4,892.40	100%	7,904.60	100%	7,825.50	100%	8,798.60	100%	m

LIABILITIES
creditors - short	851.20	17.40%	605.20	7.66%	646.90	8.27%	775.30	8.81%	m
creditors - long	1,238.70	25.32%	1,097.00	13.88%	3,429.80	43.83%	4,189.20	47.61%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	2,089.90	42.72%	1,702.20	21.53%	4,076.70	52.10%	4,964.50	56.42%	m

EQUITY
ord cap, reserves	2,802.50	57.28%	6,202.40	78.47%	3,748.80	47.90%	3,834.10	43.58%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	2,802.50	57.28%	6,202.40	78.47%	3,748.80	47.90%	3,834.10	43.58%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Whitbread Cash Flow Statement

	01 Mar 2018 (GBP)	28 Feb 2019 (GBP)	27 Feb 2020 (GBP)	25 Feb 2021 (GBP)
Operating CF	621.00	485.70	234.20	-391.10	m
Pre-Financing CF	232.40	3,747.30	-341.60	-619.10	m
Retained CF	27.30	3,312.90	-2,892.50	752.00	m

Whitbread Brokers

Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC