Bunzl plc
Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides personal protection and safety equipment, including gloves, boots, hard hats, ear and eye protection, other workwear, as well as cleaning…
Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides personal protection and safety equipment, including gloves, boots, hard hats, ear and eye protection, other workwear, as well as cleaning and hygiene supplies and asset protection products; and healthcare consumables, such as gloves, masks, swabs, gowns, bandages, healthcare devices, and other healthcare related equipment. The company also offers cleaning and hygiene materials comprising chemicals and hygiene paper; goods-not-for-resale, including food packaging, films, labels, and other store supplies; non-food consumables, such as food packaging, disposable tableware, guest amenities, catering equipment, and agricultural supplies; and other products. It serves its products to industrial, construction, e-commerce, hospitals, care homes and other facilities serving the healthcare, public sector customers, grocery stores, supermarkets, convenience stores, hotels, restaurants, contract caterers, food processors, commercial growers, leisure, retail customers, and office supply companies. Bunzl plc was founded in 1854 and is based in London, the United Kingdom.After signing in, return here and select “Add to watchlist”. Saving companies requires a verified email address.
Priced within the modelled range
5-year outlook: Not shown because confidence is low: Earnings-based DCF is somewhat apart.
Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Start with the price and fair value range, then review the data dates and assumptions below. Estimates are not predictions or investment advice.
Market price within modeled range
Showing the DCF (trailing free cash flow) you selected on the company card, using 3.61% growth, 2.7% terminal growth and 10% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 3.61%, discount rate 10%, terminal growth 2.70% (sector defaults). See a worked example.
Blended growth assumption: 3.6% (sector default 6.2%, own revenue history 3.6%, analyst revenue consensus 2.3%).
Analyst consensus expects revenue growth of 2.3% a year; the growth assumption used is 3.6%.
Adjust assumptions
Show the recommended model instead
Why this model: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Compare models- Recommended: Free-cash-flow DCF — GBP 27.10 (-5.3%)
-
EPS-based Gordon proxy
— GBP 19.82 (-30.8%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
-
DCF (trailing free cash flow)
— GBP 27.10 (-5.3%)
Not used: Not chosen: Free-cash-flow DCF ranks ahead of it for this company.
-
FCFF (steady state)
— GBP 25.79 (-9.9%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
-
EV/EBITDA (12x)
— GBP 35.49 (+24.0%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
-
Fade DCF (10-year growth fade)
— GBP 27.05 (-5.5%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
-
EV/Sales (Rule of 40)
— GBP 90.21 (+215.2%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear GBP 14.38 | -99.0% |
| Base GBP 27.10 | -5.6% |
| Bull GBP 51.93 | 44.9% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
5 years price change: +17.55% · GBP 28.62 · Market data through 06 Nov 2026 ; dashed line is today’s model base value (GBP 27.10). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 06 Nov 2026; last refreshed 06 Nov 2026 18:14 (10 minutes ago).
08 Nov 2021Range GBP 20.03 – 34.5606 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 62 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +3.6% a year | 12 / 20 |
| Balance sheet | net debt 2.0x EBITDA | 10 / 20 |
| Margins | EBITDA margin 10% | 0 / 20 |
Peers in Industrials
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| BNZL.L (this company) | GBP 28.62 | -5.6% | 20.3 | 3.3 | 2.6% | 62 |
| EZJ.L easyJet plc | GBP 6.84 | 74.5% | 10.6 | 1.5 | 1.7% | 78 |
| WAWI.OL Wallenius Wilhelmsen ASA | NOK 160.10 | 64.9% | 7.0 | 2.2 | 0.3% | 100 |
| IAG.L International Consolidated Airlines Group S.A. | GBP 4.34 | 59.3% | 8.0 | 3.4 | 1.8% | 92 |
| TPK.L Travis Perkins plc | GBP 6.56 | 54.6% | – | 0.8 | 2.1% | 46 |
| DFDS.CO DFDS A/S | DKK 152.90 | 47.4% | – | 0.6 | – | 64 |
| SRP.L Serco Group plc | GBP 2.81 | 45.4% | 20.0 | 3.3 | 1.5% | 82 |
| DG.PA VINCI SA | EUR 111.60 | 42.2% | 12.9 | 2.1 | 4.2% | 90 |
| HAFNI.OL Hafnia Limited | NOK 87.45 | 41.9% | 7.1 | 1.8 | 1.3% | 100 |
| Peer median | 9.3 | 1.9 | ||||
Dividends
Paid in the last 12 months: GBP 0.01 per share · yield 0.03% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 0.005 |
| 2025 | 0.007 |
| 2024 | 0.007 |
| 2023 | 0.006 |
| 2022 | 0.006 |
| 2021 | 0.005 |
Annual financial statement
Saved annual report · Fiscal year 2025 · EODHD annual statements · period ended 31 Dec 2025
| Revenue | GBP 11,845,400,000 |
|---|---|
| EBITDA | GBP 1,160,500,000 |
| EBIT | GBP 755,800,000 |
| Net income | GBP 459,200,000 |
| Free cash flow | GBP 765,100,000 |
| Capital expenditures | GBP 71,500,000 |
| Debt | GBP 2,895,400,000 |
| Cash | GBP 540,100,000 |
| Working capital | GBP 1,125,300,000 |
| Shares outstanding | 326,000,000 |
| Reported dividends per share | GBP 0.7429 |