As of May 25, 2025, Britvic PLC has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $0.00, this represents a potential upside of -5.6%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -23.7% |
| Potential Upside (10-year) | -5.6% |
| Discount Rate (WACC) | 7.3% - 9.5% |
Revenue is projected to grow from $1749 million in 09-2023 to $2625 million by 09-2033, representing a compound annual growth rate of approximately 4.1%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 09-2023 | 1749 | 8% |
| 09-2024 | 1838 | 5% |
| 09-2025 | 1905 | 4% |
| 09-2026 | 2001 | 5% |
| 09-2027 | 2103 | 5% |
| 09-2028 | 2190 | 4% |
| 09-2029 | 2238 | 2% |
| 09-2030 | 2338 | 4% |
| 09-2031 | 2385 | 2% |
| 09-2032 | 2499 | 5% |
| 09-2033 | 2625 | 5% |
Net profit margin is expected to improve from 7% in 09-2023 to 12% by 09-2033, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 09-2023 | 124 | 7% |
| 09-2024 | 148 | 8% |
| 09-2025 | 171 | 9% |
| 09-2026 | 198 | 10% |
| 09-2027 | 227 | 11% |
| 09-2028 | 255 | 12% |
| 09-2029 | 261 | 12% |
| 09-2030 | 272 | 12% |
| 09-2031 | 278 | 12% |
| 09-2032 | 291 | 12% |
| 09-2033 | 306 | 12% |
with a 5-year average of $71 million. Projected CapEx is expected to maintain at approximately 5% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 09-2024 | 73 |
| 09-2025 | 80 |
| 09-2026 | 85 |
| 09-2027 | 87 |
| 09-2028 | 92 |
| 09-2029 | 95 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 89 |
| Days Inventory | 66 |
| Days Payables | 91 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 6M/2024 | 143 | 20 | 42 | 91 | (10) |
| 2025 | 324 | 45 | 87 | (85) | 277 |
| 2026 | 364 | 52 | 91 | 27 | 193 |
| 2027 | 404 | 60 | 96 | 49 | 200 |
| 2028 | 446 | 67 | 100 | (6) | 284 |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -23.7% |
| 10-Year DCF (Growth) | 0.00 | -5.6% |
| 5-Year DCF (EBITDA) | 882.72 | +Inf% |
| 10-Year DCF (EBITDA) | 1080.42 | +Inf% |
Is Britvic PLC (BVIC.L) a buy or a sell? Britvic PLC is definitely a sell. Based on our DCF analysis, Britvic PLC (BVIC.L) appears to be overvalued with upside potential of -5.6%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider reducing exposure at the current market price of $0.00.