WTB Stock Overview
Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£22.85|
|52 Week High||UK£34.53|
|52 Week Low||UK£22.46|
|1 Month Change||-8.75%|
|3 Month Change||-8.93%|
|1 Year Change||-31.09%|
|3 Year Change||-44.79%|
|5 Year Change||-40.80%|
|Change since IPO||105.67%|
Recent News & Updates
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...
|WTB||GB Hospitality||GB Market|
Return vs Industry: WTB underperformed the UK Hospitality industry which returned -20.8% over the past year.
Return vs Market: WTB underperformed the UK Market which returned -14.9% over the past year.
|WTB Average Weekly Movement||3.7%|
|Hospitality Industry Average Movement||5.6%|
|Market Average Movement||5.3%|
|10% most volatile stocks in GB Market||10.7%|
|10% least volatile stocks in GB Market||2.8%|
Stable Share Price: WTB is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: WTB's weekly volatility (4%) has been stable over the past year.
About the Company
Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates approximately 841 hotels with 82,286 rooms in the United Kingdom; 10 hotels in the Middle East; and 35 hotels with 5,875 rooms in Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company also operates 439 restaurants under the Brewers Fayre, Beefeater, Whitbread Inns, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.
Whitbread Fundamentals Summary
|WTB fundamental statistics|
Is WTB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WTB income statement (TTM)|
|Cost of Revenue||UK£1.23b|
Last Reported Earnings
Mar 03, 2022
Next Earnings Date
Oct 25, 2022
|Earnings per share (EPS)||0.21|
|Net Profit Margin||2.48%|
How did WTB perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Is WTB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WTB?
Other financial metrics that can be useful for relative valuation.
|What is WTB's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does WTB's PE Ratio compare to its peers?
|WTB PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
IHG InterContinental Hotels Group
MAB Mitchells & Butlers
Price-To-Earnings vs Peers: WTB is expensive based on its Price-To-Earnings Ratio (108.5x) compared to the peer average (17.3x).
Price to Earnings Ratio vs Industry
How does WTB's PE Ratio compare vs other companies in the GB Hospitality Industry?
Price-To-Earnings vs Industry: WTB is expensive based on its Price-To-Earnings Ratio (108.5x) compared to the UK Hospitality industry average (9.8x)
Price to Earnings Ratio vs Fair Ratio
What is WTB'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.
|Current PE Ratio||108.5x|
|Fair PE Ratio||42.2x|
Price-To-Earnings vs Fair Ratio: WTB is expensive based on its Price-To-Earnings Ratio (108.5x) compared to the estimated Fair Price-To-Earnings Ratio (42.2x).
Share Price vs Fair Value
What is the Fair Price of WTB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: WTB (£22.85) is trading above our estimate of fair value (£7.62)
Significantly Below Fair Value: WTB is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Whitbread forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WTB's forecast earnings growth (37.7% per year) is above the savings rate (0.9%).
Earnings vs Market: WTB's earnings (37.7% per year) are forecast to grow faster than the UK market (8.9% per year).
High Growth Earnings: WTB's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WTB's revenue (11.8% per year) is forecast to grow faster than the UK market (4.5% per year).
High Growth Revenue: WTB's revenue (11.8% 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 (6.4%).
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How has Whitbread performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WTB has a large one-off gain of £148.5M impacting its March 3 2022 financial results.
Growing Profit Margin: WTB became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: WTB's earnings have declined by 56% per year over the past 5 years.
Accelerating Growth: WTB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: WTB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (35.8%).
Return on Equity
High ROE: WTB's Return on Equity (1%) is considered low.
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How is Whitbread's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: WTB's short term assets (£1.3B) exceed its short term liabilities (£719.6M).
Long Term Liabilities: WTB's short term assets (£1.3B) do not cover its long term liabilities (£4.7B).
Debt to Equity History and Analysis
Debt Level: WTB has more cash than its total debt.
Reducing Debt: WTB's debt to equity ratio has reduced from 38.1% to 24.1% over the past 5 years.
Debt Coverage: WTB's debt is well covered by operating cash flow (51.3%).
Interest Coverage: WTB's interest payments on its debt are not well covered by EBIT (0.5x coverage).
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What is Whitbread current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Whitbread Dividend Yield vs Market|
|Market Bottom 25% (GB)||2.1%|
|Market Top 25% (GB)||6.3%|
|Industry Average (Hospitality)||1.3%|
|Analyst forecast in 3 Years (Whitbread)||2.6%|
Notable Dividend: WTB's dividend (1.52%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.12%).
High Dividend: WTB's dividend (1.52%) is low compared to the top 25% of dividend payers in the UK market (6.08%).
Stability and Growth of Payments
Stable Dividend: WTB's dividend payments have been volatile in the past 10 years.
Growing Dividend: WTB's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (164.8%), WTB's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (24.4%), WTB's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alison Brittain (57 yo)
Ms. Alison Jane Brittain, CBE, has been Independent Non-Executive Director at Experian plc since September 1, 2020 and serves as its Senior Independent Director since July 21, 2022. Ms. Brittain serves as...
CEO Compensation Analysis
|Alison Brittain's Compensation vs Whitbread Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Mar 03 2022||UK£2m||UK£892k|
|Dec 03 2021||n/a||n/a|
|Aug 26 2021||n/a||n/a|
|May 26 2021||n/a||n/a|
|Feb 25 2021||UK£1m||UK£816k|
|Nov 25 2020||n/a||n/a|
|Aug 27 2020||n/a||n/a|
|May 27 2020||n/a||n/a|
|Feb 27 2020||n/a||n/a|
|Aug 29 2019||n/a||n/a|
|May 29 2019||n/a||n/a|
|Feb 28 2019||UK£6m||UK£838k|
|Aug 30 2018||n/a||n/a|
|May 30 2018||n/a||n/a|
|Mar 01 2018||UK£2m||UK£808k|
|Dec 01 2017||n/a||n/a|
|Aug 31 2017||n/a||n/a|
|May 31 2017||n/a||n/a|
|Mar 02 2017||UK£3m||UK£792k|
|Dec 02 2016||n/a||n/a|
|Sep 01 2016||n/a||n/a|
|Jun 01 2016||n/a||n/a|
|Mar 03 2016||UK£635k||UK£329k|
Compensation vs Market: Alison's total compensation ($USD2.39M) is about average for companies of similar size in the UK market ($USD3.26M).
Compensation vs Earnings: Alison's compensation has been consistent with company performance over the past year.
Experienced Management: WTB's management team is seasoned and experienced (5.1 years average tenure).
Experienced Board: WTB's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|24 May 22||BuyUK£20,850||Funmibi Chima||Individual||789||UK£26.43|
|13 May 22||BuyUK£46,235||Frank Fiskers||Individual||1,750||UK£26.42|
|Owner Type||Number of Shares||Ownership Percentage|
|Employee Share Scheme||48,873||0.02%|
|State or Government||159,381||0.08%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Whitbread plc's employee growth, exchange listings and data sources
- Name: Whitbread plc
- Ticker: WTB
- Exchange: LSE
- Founded: 1742
- Industry: Hotels, Resorts and Cruise Lines
- Sector: Consumer Services
- Implied Market Cap: UK£4.612b
- Shares outstanding: 201.83m
- Website: https://www.whitbread.co.uk
Number of Employees
- Whitbread plc
- Whitbread Court
- Houghton Hall Business Park
- LU5 5XE
- United Kingdom
|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|
|WTBD.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Oct 2008|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 00:00|
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.