Obermatt

Bunzl

LSE:BNZL · GB00B0744B38
Trading Companies & DistributorsX-Large

360

67
EV / EBIT89
Price / Owner Earnings73
Owner Earnings Yield88
Dividend Yield63
Price/Sales50
EV / Gross Profit84
Price/Book34
Return on Capital63
Cash Return on Capital74
Return on Equity73
EBIT Margin39
Gross Profitability81
Cash Conversion75
Accruals91
Owner Earnings Margin57
Sales growth32
Profit Growth90
Long-Term EPS Growth28
Owner Earnings Growth38
Reinvestment25
Price momentum71
Debt load17
Refinancing46
Debt Payback49
Liquidity36
Analyst ratings5
Opinion Changes50
Price Target Upside16
Market mood53
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Bunzl clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUK
IndustryTrading Companies & Distributors
SizeX-Large
TypePublic Company
ExchangeLSE
Founded1940
Employees792
Websitebunzl.com
ISINGB00B0744B38
Last UpdateApr 2, 2026
Themes
Packaging ServicesEnvironment, Health and Safety (EH&S)Fast-Moving Consumer GoodsB2BHealth CareLogisticsSupply Chain ManagementWholesale

Description

Bunzl plc, a specialist distribution group, supplies a range of non-food consumable products. The company partners with both suppliers and customers in providing outsourcing solutions. The company is active in 23 countries. Its main customer markets…

Analysis

Hidden champion

Bunzl plc is what we call a hidden champion: a strong business that the market is not pricing as one.

The price is attractive. You pay 13.4× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly 1% yearly growth; analysts expect 2%. The price, in other words, assumes less than the experts do.

The trajectory is tepid and the balance sheet is adequate. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
6
2023202420252026

All-time high

54

Sep 2024

All-time low

4

Feb 2026

Average rank

23

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
50
36
42
45
Price/Earnings
50
38
24
47
Price/Book
34
28
21
42
Dividend Yield
63
46
36
32
Value (overall)
37
30
19
33

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →