Whitbread
Market Cap
UK£6.1b
Last Updated
2019/12/11 20:54 UTC
Data Sources
Company Financials +
Executive Summary
Whitbread PLC operates hotels and restaurants in the United Kingdom.
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with adequate balance sheet.
Similar Companies
Share Price & News
How has Whitbread's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WTB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.2%
WTB
-0.6%
GB Hospitality
0.5%
GB Market
1 Year Return
1.9%
WTB
16.1%
GB Hospitality
7.0%
GB Market
Return vs Industry: WTB underperformed the UK Hospitality industry which returned 16.1% over the past year.
Return vs Market: WTB underperformed the UK Market which returned 7% over the past year.
Shareholder returns
| WTB | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | -0.6% | 0.5% |
| 30 Day | 6.6% | -3.4% | -0.3% |
| 90 Day | 4.0% | -1.7% | 0.4% |
| 1 Year | 4.2%1.9% | 19.5%16.1% | 12.6%7.0% |
| 3 Year | 38.6%29.1% | 34.4%20.5% | 18.7%3.6% |
| 5 Year | 15.0%3.0% | 57.0%32.3% | 41.8%9.3% |
Price Volatility Vs. Market
How volatile is Whitbread's share price compared to the market and industry in the last 5 years?
Simply Wall St News
21 hours ago | Simply Wall St
Why Whitbread PLC's (LON:WTB) High P/E Ratio Isn't Necessarily A Bad Thing1 week ago | Simply Wall St
How Much Did Whitbread PLC's (LON:WTB) CEO Pocket Last Year?3 weeks ago | Simply Wall St
Why We’re Not Keen On Whitbread PLC’s (LON:WTB) 5.6% Return On CapitalValuation
Is Whitbread undervalued compared to its fair value and its price relative to the market?
41x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WTB (£46.08) is trading above our estimate of fair value (£15.34)
Significantly Below Fair Value: WTB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WTB is poor value based on its PE Ratio (41x) compared to the Hospitality industry average (26.2x).
PE vs Market: WTB is poor value based on its PE Ratio (41x) compared to the UK market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: WTB is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: WTB is overvalued based on its PB Ratio (2x) compared to the GB Hospitality industry average (1.5x).
Next Steps
Future Growth
How is Whitbread forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
9.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WTB's forecast earnings growth (9.8% per year) is above the savings rate (0.5%).
Earnings vs Market: WTB's earnings (9.8% per year) are forecast to grow slower than the UK market (12.4% per year).
High Growth Earnings: WTB's earnings are forecast to grow, but not significantly.
Revenue vs Market: WTB's revenue (5.6% per year) is forecast to grow faster than the UK market (3.6% per year).
High Growth Revenue: WTB's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WTB's Return on Equity is forecast to be low in 3 years time (8.4%).
Next Steps
Past Performance
How has Whitbread performed over the past 5 years?
-7.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WTB has a large one-off loss of £135.5M impacting its August 29 2019 financial results.
Growing Profit Margin: WTB's current net profit margins (9.5%) are lower than last year (16%).
Past Earnings Growth Analysis
Earnings Trend: WTB's earnings have declined by -7.6% per year over the past 5 years.
Accelerating Growth: WTB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WTB had negative earnings growth (-40.1%) over the past year, making it difficult to compare to the Hospitality industry average (1.6%).
Return on Equity
High ROE: WTB's Return on Equity (5.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Whitbread's financial position?
Financial Position Analysis
Short Term Liabilities: WTB's short term assets (£1.0B) exceed its short term liabilities (£621.5M).
Long Term Liabilities: WTB's short term assets (£1.0B) do not cover its long term liabilities (£3.4B).
Debt to Equity History and Analysis
Debt Level: WTB's debt to equity ratio (23.4%) is considered satisfactory.
Reducing Debt: WTB's debt to equity ratio has reduced from 29.1% to 23.4% over the past 5 years.
Debt Coverage: WTB's debt is not well covered by operating cash flow (10%).
Interest Coverage: WTB's interest payments on its debt are well covered by EBIT (21.5x coverage).
Balance Sheet
Inventory Level: WTB has a high level of physical assets or inventory.
Debt Coverage by Assets: WTB's debt is covered by short term assets (assets are 1.1x debt).
Next Steps
Dividend
What is Whitbread's current dividend yield, its reliability and sustainability?
2.16%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: WTB's dividend (2.16%) is higher than the bottom 25% of dividend payers in the UK market (1.95%).
High Dividend: WTB's dividend (2.16%) is low compared to the top 25% of dividend payers in the UK market (5.2%).
Stability and Growth of Payments
Stable Dividend: WTB's dividends per share have been stable in the past 10 years.
Growing Dividend: WTB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (88.7%), WTB's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WTB's dividends in 3 years are forecast to be well covered by earnings (40.4% payout ratio).
Next Steps
Management
What is the CEO of Whitbread's salary, the management and board of directors tenure and is there insider trading?
3.5yrs
Average management tenure
CEO
Alison Brittain (55yo)
3.9yrs
Tenure
UK£5,588,000
Compensation
Ms. Alison Brittain, CBE, has been Chief Executive Officer of Whitbread PLC since January 4, 2016. Ms. Brittain serves as an Executive Director of Abbey National plc (ENG). She has significant financial an ...
CEO Compensation Analysis
Compensation vs Market: Alison's total compensation ($USD7.36M) is above average for companies of similar size in the UK market ($USD3.56M).
Compensation vs Earnings: Alison's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
3.5yrs
Average Tenure
53yo
Average Age
Experienced Management: WTB's management team is considered experienced (3.5 years average tenure).
Board Age and Tenure
3.3yrs
Average Tenure
55yo
Average Age
Experienced Board: WTB's board of directors are considered experienced (3.3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Group Finance Director & Executive Director |
| Shares | 12,665 |
| Max Price | UK£46.20 |
| Entity | Individual |
| Role | Member of the Board of Directors Group Finance Director & Executive Director |
| Shares | 295 |
| Max Price | UK£46.20 |
| Entity | Individual |
| Role | Member of the Board of Directors Group Human Resource Director & Executive Director |
| Shares | 3,313 |
| Max Price | UK£48.91 |
| Entity | Individual |
| Role | Member of the Board of Directors Group Human Resource Director & Executive Director |
| Shares | 7,923 |
| Max Price | UK£48.92 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Chris Vaughan (77yo)
General Counsel & Company Secretary
- Tenure: 4yrs
Nick Cadbury (53yo)
Group Finance Director & Executive Director
- Tenure: 7.1yrs
- Compensation: UK£3.48m
Louise Smalley (51yo)
Group Human Resource Director & Executive Director
- Tenure: 7.1yrs
- Compensation: UK£2.30m
Alison Brittain (55yo)
Chief Executive & Director
- Tenure: 3.9yrs
- Compensation: UK£5.59m
Mark Anderson
Managing Director Property & International
- Tenure: 0yrs
Nigel Jones
Group Operations & Transformation Director
- Tenure: 2.3yrs
Simon Jones (43yo)
Managing Director of Premier Inn & Restaurants UK
- Tenure: 3.1yrs
Phil Birbeck
Managing Director of Restaurants
- Tenure: 1.2yrs
Simon Ewins
Managing Director of Premier Inn
- Tenure: 1.2yrs
Board Members
Deanna Oppenheimer (61yo)
Independent Non–Executive Director
- Tenure: 2.9yrs
- Compensation: UK£80.00k
Richard Gillingwater (62yo)
Senior Independent Director
- Tenure: 1.5yrs
- Compensation: UK£51.00k
Nick Cadbury (53yo)
Group Finance Director & Executive Director
- Tenure: 7.1yrs
- Compensation: UK£3.48m
Susan Martin (55yo)
Independent Non–Executive Director
- Tenure: 7.9yrs
- Compensation: UK£65.00k
Chris Kennedy (55yo)
Independent Non–Executive Director
- Tenure: 3.8yrs
- Compensation: UK£80.00k
Adam Crozier (55yo)
Independent Chairman
- Tenure: 1.8yrs
- Compensation: UK£400.00k
David Atkins (53yo)
Independent Non-Executive Director
- Tenure: 2.9yrs
- Compensation: UK£70.00k
Frank Fiskers (58yo)
Independent Non Executive Director
- Tenure: 0.8yrs
- Compensation: UK£5.00k
Louise Smalley (51yo)
Group Human Resource Director & Executive Director
- Tenure: 7.1yrs
- Compensation: UK£2.30m
Alison Brittain (55yo)
Chief Executive & Director
- Tenure: 3.9yrs
- Compensation: UK£5.59m
Company Information
Whitbread PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Whitbread PLC
- Ticker: WTB
- Exchange: LSE
- Founded: 1742
- Industry: Hotels, Resorts and Cruise Lines
- Sector: Consumer Services
- Market Cap: UK£6.138b
- Shares outstanding: 133.20m
- Website: https://www.whitbread.co.uk
Number of Employees
Location
- Whitbread PLC
- Whitbread Court
- Houghton Hall Business Park
- Dunstable
- Bedfordshire
- LU5 5XE
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WTBC.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| WTB | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| WHF4 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| WTBL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| WTB N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Jan 1992 |
| WTBD.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Oct 2008 |
Biography
Whitbread PLC operates hotels and restaurants in the United Kingdom. It operates approximately 800 hotels with 76,171 rooms under the Premier Inn and the hub by Premier Inn brand names; and restaurants und ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/11 20:54 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/08/29 |
| Annual Earnings | 2019/02/28 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.