Whitbread plc

LSE:WTB Stock Report

Market Cap: UK£3.9b

Whitbread Future Growth

Future criteria checks 2/6

Whitbread is forecast to grow earnings and revenue by 12.9% and 3.6% per annum respectively. EPS is expected to grow by 14% per annum. Return on equity is forecast to be 10.6% in 3 years.

Key information

12.9%

Earnings growth rate

13.98%

EPS growth rate

Hospitality earnings growth19.0%
Revenue growth rate3.6%
Future return on equity10.59%
Analyst coverage

Good

Last updated06 May 2026

Recent future growth updates

Analysis Article • Oct 18

Whitbread plc (LON:WTB) Just Released Its Half-Yearly Earnings: Here's What Analysts Think

It's been a mediocre week for Whitbread plc ( LON:WTB ) shareholders, with the stock dropping 11% to UK£29.02 in the...

Recent updates

Analysis Article • May 07

Some Investors May Be Willing To Look Past Whitbread's (LON:WTB) Soft Earnings

Whitbread plc's ( LON:WTB ) earnings announcement last week didn't impress shareholders. Despite the soft profit...
Narrative Update • Apr 22

WTB: Earnings Power And P E Reset Will Support Future Upside

Whitbread's analyst price target has been nudged lower by £0.50 to reflect recent Street research, where analysts have cited updated growth and profitability assumptions along with revised P/E expectations as key drivers of their recalibration. Analyst Commentary Recent Street research around Whitbread highlights a mix of caution on valuation and pockets of optimism on execution and earnings quality.
Narrative Update • Apr 07

WTB: Share Buybacks And P E Framework Will Support Future Earnings Power

The analyst price target for Whitbread has been trimmed by £0.06 per share, as analysts factor in a slightly higher discount rate, more cautious assumptions on revenue growth and profit margins, and a higher future P/E multiple following a series of recent price target adjustments and a downgrade across the Street. Analyst Commentary Recent Street research on Whitbread has been mixed, with several price target adjustments and at least one downgrade, but there are still some clear pockets of optimism that matter for valuation and execution expectations.
Narrative Update • Mar 24

WTB: Future Earnings Momentum Will Reflect Buybacks And Mixed Discount Rate Sentiment

Whitbread's analyst price target has been trimmed by £100 to £2,600, as analysts factor in a slightly higher discount rate and only modest tweaks to revenue growth, profit margin expectations and future P/E assumptions. Analyst Commentary Recent Street research on Whitbread presents a mixed picture, with several firms adjusting price targets and one downgrade, which feeds directly into how the current £2,600 target is being framed.
Narrative Update • Mar 10

WTB: Execution Risks And Margin Pressures Will Limit Future Share Upside

Whitbread's updated analyst price target reflects a modest adjustment to around £26, shaped by mixed recent Street moves where some banks lifted their targets by £1 to £2 while others trimmed theirs by £1, along with updated assumptions on revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research updates on Whitbread show a mixed but slightly cautious tone, with some price targets trimmed and at least one downgrade alongside several modest upward revisions.
Narrative Update • Feb 24

WTB: Future Share Retirements Will Support Earnings Power And P E Multiple

Analysts have nudged their fair value estimate for Whitbread down from about £40.50 to roughly £37.98 per share. This reflects mixed recent price target moves around £2,600 and updated assumptions for growth, margins and future P/E multiples.
Narrative Update • Feb 10

WTB: Future Earnings Momentum Will Reflect Mixed Execution And Activist Review Pressures

Whitbread's analyst price target has edged lower to about £28.85 from roughly £29.09, with analysts citing a slightly higher discount rate, a modestly higher assumption for long term revenue growth, a lower projected profit margin, and a higher future P/E multiple that aligns with recent target moves from major banks. Analyst Commentary Recent Street research around Whitbread offers a mix of optimism and caution, with several large banks adjusting their targets and ratings in different directions.
Narrative Update • Jan 26

WTB: Future Earnings Momentum Will Reflect Balanced Execution And Activist Review Risks

We have nudged our fair value estimate for Whitbread to £29.09 from £28.46, reflecting analysts' updated price targets and assumptions around slightly higher long term revenue growth, a modestly lower discount rate, and a somewhat richer future P/E multiple, even as projected profit margins are a touch softer. Analyst Commentary Recent Street research on Whitbread reflects a mix of optimism and caution that feeds directly into how analysts are framing valuation, growth potential, and execution risk.
Analysis Article • Jan 15

Returns On Capital Are Showing Encouraging Signs At Whitbread (LON:WTB)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Narrative Update • Jan 12

WTB: Future Earnings Momentum Will Steady As Execution And Activist Pressure Balance

Analysts have reduced their fair value estimate for Whitbread from £32.76 to £28.46. The revision reflects slightly lower assumptions for revenue growth and profit margins, along with a reduced future P/E multiple, which together offset a recent increase in the Street price target to £29.00 per share.
Analysis Article • Dec 30

Investors Interested In Whitbread plc's (LON:WTB) Earnings

With a median price-to-earnings (or "P/E") ratio of close to 16x in the United Kingdom, you could be forgiven for...
Narrative Update • Dec 27

WTB Execution And Margin Pressures Will Drive A Cautious Future Outlook

Analysts have modestly raised their price target on Whitbread from £28.00 to £29.00, reflecting a slightly lower discount rate and a higher expected future earnings multiple that more than offset a trimmed fair value estimate based on softer long term growth and margin assumptions. Analyst Commentary The latest adjustment from JPMorgan, lifting its price target to 2,900 GBp while maintaining a Neutral rating, underscores a more balanced view on Whitbread, with upside potential constrained by execution and macro risks.
Narrative Update • Dec 13

WTB: Data Transformation And Margin Risks Will Shape A Balanced Outlook

Analysts have modestly raised their price target on Whitbread to £29.00 from £28.00, reflecting improved expectations for revenue growth and slightly stronger profit margins, despite a higher assumed discount rate and a marginally lower future P/E multiple. Analyst Commentary Recent Street research on Whitbread has highlighted a mix of cautious and constructive signals, with price targets edging higher but ratings remaining restrained.
Narrative Update • Nov 29

WTB: Future Earnings Momentum Will Rise as Market Share Expands

Whitbread's analyst price target has increased modestly, with recent updates reflecting a shift from £28.00 to £34.00, now moving to a range of £29.00 to £35.00, as analysts cite improved revenue growth forecasts as a key driver behind their more optimistic outlook. Analyst Commentary Bullish Takeaways Bullish analysts have raised their target prices, reflecting increased confidence in Whitbread's medium-term revenue growth prospects.
Analysis Article • Nov 12

Is Whitbread (LON:WTB) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Oct 18

Whitbread plc (LON:WTB) Just Released Its Half-Yearly Earnings: Here's What Analysts Think

It's been a mediocre week for Whitbread plc ( LON:WTB ) shareholders, with the stock dropping 11% to UK£29.02 in the...
Analysis Article • Oct 17

Is Whitbread plc (LON:WTB) Worth UK£28.9 Based On Its Intrinsic Value?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Whitbread fair value estimate is UK£21.91 Current share price...
Analysis Article • Sep 07

Whitbread plc (LON:WTB) Not Lagging Market On Growth Or Pricing

With a price-to-earnings (or "P/E") ratio of 21.1x Whitbread plc ( LON:WTB ) may be sending bearish signals at the...
Analysis Article • Jul 18

Is Now The Time To Look At Buying Whitbread plc (LON:WTB)?

While Whitbread plc ( LON:WTB ) might not have the largest market cap around , it saw a significant share price rise of...
Analysis Article • Jul 03

Whitbread (LON:WTB) Hasn't Managed To Accelerate Its Returns

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
User avatar
New Narrative • Dec 02

Transforming Food And Beverage Offerings And German Expansion Will Accelerate Profit Growth And Boost Margins

Strategic initiatives to transform offerings and focus on high-return investments are likely to enhance margins and drive profit growth.

Earnings and Revenue Growth Forecasts

LSE:WTB - Analysts future estimates and past financials data (GBP Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
2/28/20293,1693493158339
2/29/20283,10333731080417
2/28/20272,95132424170316
2/26/20262,92721356753N/A
11/26/20252,91223291753N/A
8/28/20252,898251125754N/A
5/28/20252,913252194758N/A
2/27/20252,927254264762N/A
11/27/20242,945246272767N/A
8/29/20242,964239280773N/A
5/29/20242,965275325825N/A
2/29/20242,966312369878N/A
11/30/20232,908325407879N/A
8/31/20232,849338445879N/A
5/31/20232,737308363840N/A
3/2/20232,625279281800N/A
12/2/20222,511297299764N/A
9/1/20222,398314316729N/A
6/1/20222,054178302619N/A
3/3/20221,71143287509N/A
12/3/20211,360-121116335N/A
8/26/20211,008-284-54160N/A
5/26/2021803-595-337-115N/A
2/25/2021597-906-619-391N/A
11/25/2020921-761-516-244N/A
8/27/20201,245-615-414-97N/A
5/27/20201,661-198-28669N/A
2/27/20202,076218-159234N/A
8/29/20192,056162N/A206N/A
5/29/20192,053169N/A405N/A
2/28/20192,049177N/A603N/A
8/30/20182,035326N/A716N/A
5/30/20182,021336N/A669N/A
3/1/20182,007345N/A621N/A
12/1/20172,639409N/A619N/A
8/31/20172,602425N/A617N/A
5/31/20172,854423N/A622N/A
3/2/20173,106422N/A626N/A
12/2/20163,072409N/A637N/A
9/1/20163,038397N/A648N/A
6/1/20162,980394N/A611N/A
3/3/20162,922391N/A573N/A
12/3/20152,838384N/A553N/A
8/27/20152,755377N/A534N/A
5/27/20152,681374N/A527N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WTB's forecast earnings growth (12.9% per year) is above the savings rate (3.4%).

Earnings vs Market: WTB's earnings (12.9% per year) are forecast to grow faster than the UK market (12.1% per year).

High Growth Earnings: WTB's earnings are forecast to grow, but not significantly.

Revenue vs Market: WTB's revenue (3.6% per year) is forecast to grow slower than the UK market (4.5% per year).

High Growth Revenue: WTB's revenue (3.6% 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 (10.6%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 05:22
End of Day Share Price 2026/05/07 00:00
Earnings2026/02/26
Annual Earnings2026/02/26

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Whitbread plc is covered by 34 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jaina MistryBarclays
Jaina MistryBarclays
Victoria Lee SternBarclays