Bunzl Valuation
Is BNZLL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of BNZLL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BNZLL (£34.82) is trading below our estimate of fair value (£38.48)
Significantly Below Fair Value: BNZLL is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BNZLL?
Key metric: As BNZLL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is BNZLL's PE Ratio? | |
|---|---|
| PE Ratio | 23.7x |
| Earnings | UK£487.70m |
| Market Cap | UK£11.58b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.2x |
| Enterprise Value/EBITDA | 13.7x |
| PEG Ratio | 3.4x |
Price to Earnings Ratio vs Peers
How does BNZLL's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 26.9x | ||
DPLM Diploma | 46.7x | 14.3% | UK£6.0b |
HWDN Howden Joinery Group | 17.7x | 6.0% | UK£4.5b |
AHT Ashtead Group | 22.5x | 1.8% | UK£27.6b |
RS1 RS Group | 20.5x | 18.4% | UK£3.4b |
BNZLL Bunzl | 23.7x | 7.0% | UK£11.6b |
Price-To-Earnings vs Peers: BNZLL is good value based on its Price-To-Earnings Ratio (23.7x) compared to the peer average (26.6x).
Price to Earnings Ratio vs Industry
How does BNZLL's PE Ratio compare vs other companies in the European Trade Distributors Industry?
| 2 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 2 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: BNZLL is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the European Trade Distributors industry average (14.5x).
Price to Earnings Ratio vs Fair Ratio
What is BNZLL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 23.7x |
| Fair PE Ratio | 20.4x |
Price-To-Earnings vs Fair Ratio: BNZLL is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the estimated Fair Price-To-Earnings Ratio (20.4x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | UK£35.20 | UK£35.03 -0.5% | 10.2% | UK£40.00 | UK£28.00 | n/a | 16 |
| Nov ’25 | UK£34.33 | UK£35.03 +2.0% | 10.2% | UK£40.00 | UK£28.00 | n/a | 16 |
| Oct ’25 | UK£35.25 | UK£34.39 -2.4% | 9.7% | UK£40.00 | UK£28.00 | n/a | 16 |
| Sep ’25 | UK£35.42 | UK£33.92 -4.2% | 10.6% | UK£40.00 | UK£26.00 | n/a | 16 |
| Aug ’25 | UK£32.25 | UK£32.29 +0.1% | 11.4% | UK£38.00 | UK£26.00 | n/a | 17 |
| Jul ’25 | UK£30.04 | UK£31.95 +6.4% | 11.4% | UK£37.00 | UK£26.00 | n/a | 17 |
| Jun ’25 | UK£29.56 | UK£31.67 +7.1% | 11.3% | UK£37.00 | UK£26.00 | n/a | 17 |
| May ’25 | UK£30.49 | UK£31.66 +3.8% | 11.4% | UK£37.00 | UK£26.00 | n/a | 17 |
| Apr ’25 | UK£30.50 | UK£31.50 +3.3% | 11.4% | UK£37.00 | UK£26.00 | n/a | 17 |
| Mar ’25 | UK£31.08 | UK£31.46 +1.2% | 12.0% | UK£37.00 | UK£25.00 | n/a | 16 |
| Feb ’25 | UK£31.93 | UK£30.55 -4.3% | 12.3% | UK£37.00 | UK£25.00 | n/a | 15 |
| Jan ’25 | UK£31.98 | UK£30.17 -5.7% | 12.0% | UK£36.00 | UK£25.00 | n/a | 15 |
| Dec ’24 | UK£30.02 | UK£29.99 -0.1% | 11.8% | UK£36.00 | UK£25.00 | n/a | 15 |
| Nov ’24 | UK£29.55 | UK£29.99 +1.5% | 11.8% | UK£36.00 | UK£25.00 | UK£34.33 | 15 |
| Oct ’24 | UK£29.37 | UK£29.63 +0.9% | 12.3% | UK£36.00 | UK£25.00 | UK£35.25 | 16 |
| Sep ’24 | UK£28.48 | UK£29.72 +4.4% | 12.2% | UK£36.00 | UK£25.00 | UK£35.42 | 17 |
| Aug ’24 | UK£28.63 | UK£30.17 +5.4% | 12.3% | UK£36.00 | UK£25.00 | UK£32.25 | 18 |
| Jul ’24 | UK£30.22 | UK£30.33 +0.4% | 11.7% | UK£36.00 | UK£25.00 | UK£30.04 | 18 |
| Jun ’24 | UK£31.72 | UK£30.72 -3.1% | 11.5% | UK£36.07 | UK£25.00 | UK£29.56 | 19 |
| May ’24 | UK£31.57 | UK£30.35 -3.9% | 11.5% | UK£36.07 | UK£24.70 | UK£30.49 | 18 |
| Apr ’24 | UK£30.55 | UK£29.98 -1.9% | 11.1% | UK£36.07 | UK£24.70 | UK£30.50 | 17 |
| Mar ’24 | UK£29.85 | UK£29.79 -0.2% | 12.0% | UK£36.07 | UK£23.40 | UK£31.08 | 18 |
| Feb ’24 | UK£29.76 | UK£29.33 -1.5% | 11.9% | UK£36.07 | UK£23.40 | UK£31.93 | 18 |
| Jan ’24 | UK£27.62 | UK£29.36 +6.3% | 12.4% | UK£36.07 | UK£22.50 | UK£31.98 | 19 |
| Dec ’23 | UK£30.44 | UK£29.47 -3.2% | 12.7% | UK£36.07 | UK£22.50 | UK£30.02 | 19 |
| Nov ’23 | UK£28.38 | UK£29.41 +3.6% | 12.4% | UK£35.00 | UK£22.50 | UK£29.55 | 19 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
Aalberts
€3.8b
Offers mission-critical technologies for aerospace, automotive, building, and maritime sectors.
0NX1
€34.06
7D
-3.2%
1Y
-5.2%
StarragTornos Group
CHF 196.8m
Develops, manufactures, and distributes precision machine tools for milling, turning, boring, grinding, and machining of work pieces of metal, composite materials, and ceramics.
STGNZ
CHF 37.80
7D
2.7%
1Y
n/a
Eiffage
€8.1b
Engages in the construction, property development, urban development, civil engineering, metallic construction, roads, energy systems, and concessions businesses in France and internationally.
0NPT
€84.59
7D
-1.9%
1Y
-7.1%