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Bunzl plcLSE:BNZL Stock Report

Market Cap UK£7.9b
Share Price
UK£24.94
UK£24.62
1.3% overvalued intrinsic discount
1Y8.6%
7D8.6%
1D
Portfolio Value
View

Bunzl plc

LSE:BNZL Stock Report

Market Cap: UK£7.9b

Bunzl (BNZL) Stock Overview

Operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. More details

BNZL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends4/6

BNZL Community Fair Values

Create Narrative

See what 53 others think this stock is worth. Follow their fair value or set your own to get alerts.

Bunzl plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Bunzl
Historical stock prices
Current Share PriceUK£24.94
52 Week HighUK£26.09
52 Week LowUK£19.81
Beta0.32
1 Month Change4.18%
3 Month Change11.64%
1 Year Change8.62%
3 Year Change-19.39%
5 Year Change9.15%
Change since IPO11,310.53%

Recent News & Updates

Narrative Update May 31

BNZL: Guidance And Dividend Will Balance Margin Pressure And Barclays Downgrade

Analysts have made only a very small upward tweak to their Bunzl fair value estimate, with the target moving from £24.60 to about £24.62. This reflects updated views on discount rates, revenue growth, profit margins and future P/E after recent research, including a downgrade at Barclays.
Narrative Update May 09

BNZL: Reset Assumptions And 2026 Guidance Will Support Premium Earnings Multiple

Narrative update Analysts have trimmed their Bunzl price target slightly to about £32.19 from roughly £32.80, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E following recent research that includes a downgrade at Barclays. Analyst Commentary Bullish analysts acknowledge the recent downgrade but still see room for upside if Bunzl executes consistently against their updated assumptions on revenue, margins and P/E.
Narrative Update Apr 23

BNZL: Guidance, Margins And Dividend Will Balance Post Barclays Downgrade Caution

Analysts have trimmed their fair value estimate for Bunzl slightly from about £24.82 to roughly £24.60, reflecting updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples following recent research, including a downgrade at Barclays. Analyst Commentary Recent research, including the downgrade, gives a mixed picture of Bunzl, with analysts weighing resilient fundamentals against questions on how much upside remains at the current share price.

Recent updates

Narrative Update May 31

BNZL: Guidance And Dividend Will Balance Margin Pressure And Barclays Downgrade

Analysts have made only a very small upward tweak to their Bunzl fair value estimate, with the target moving from £24.60 to about £24.62. This reflects updated views on discount rates, revenue growth, profit margins and future P/E after recent research, including a downgrade at Barclays.
Narrative Update May 09

BNZL: Reset Assumptions And 2026 Guidance Will Support Premium Earnings Multiple

Narrative update Analysts have trimmed their Bunzl price target slightly to about £32.19 from roughly £32.80, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E following recent research that includes a downgrade at Barclays. Analyst Commentary Bullish analysts acknowledge the recent downgrade but still see room for upside if Bunzl executes consistently against their updated assumptions on revenue, margins and P/E.
Narrative Update Apr 23

BNZL: Guidance, Margins And Dividend Will Balance Post Barclays Downgrade Caution

Analysts have trimmed their fair value estimate for Bunzl slightly from about £24.82 to roughly £24.60, reflecting updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples following recent research, including a downgrade at Barclays. Analyst Commentary Recent research, including the downgrade, gives a mixed picture of Bunzl, with analysts weighing resilient fundamentals against questions on how much upside remains at the current share price.
Narrative Update Apr 07

BNZL: Guidance Resilience And Dividend Support Will Temper Post Downgrade Caution

Analysts have lowered their Bunzl price target slightly to £24.82, citing modestly higher discount rate assumptions along with adjustments to revenue growth, profit margin and future P/E inputs in their models. Analyst Commentary Recent research on Bunzl points to a more balanced view, with analysts highlighting both support for the long term investment case and reasons for a slightly lower price target and downgrade.
Narrative Update Mar 24

BNZL: Share Buybacks And Steady Dividends Will Underpin Post Downgrade Recovery

Analysts have trimmed their Bunzl price target slightly to reflect a fair value of £24.82. This is supported by small adjustments to long term revenue growth, profit margin assumptions and the future P/E multiple, following a recent downgrade highlighted in Street research.
Narrative Update Mar 07

BNZL: Share Buybacks And Steady Dividends Will Support Share Recovery

Analysts have slightly reduced their Bunzl price target to £24.97 from £25.02, following small adjustments to assumptions for the discount rate, long term revenue growth, profit margin, and future P/E. What's in the News Bunzl plans a final dividend of 53.9p per ordinary share for the year ended 31 December 2025, subject to shareholder approval at the upcoming AGM, with payment scheduled for 2 July 2026 to shareholders on the register at close of business on 22 May 2026 and an ex dividend date of 21 May 2026 (Key Developments).
Narrative Update Feb 21

BNZL: Share Buybacks And Higher Assumed P/E Will Support Share Recovery

Analysts have nudged their Bunzl price target slightly higher to reflect a modestly richer assumed future P/E multiple of 20.55x and a small adjustment to the discount rate, while keeping fair value broadly steady around £25.02. What's in the News Bunzl has updated investors on its share buyback, reporting repurchases of 3,590,425 shares from July 1, 2025 to October 31, 2025, representing 1.1% of shares for £85.5 million (Key Developments).
Analysis Article Feb 10

Bunzl plc's (LON:BNZL) Intrinsic Value Is Potentially 58% Above Its Share Price

Key Insights Bunzl's estimated fair value is UK£33.51 based on 2 Stage Free Cash Flow to Equity Bunzl is estimated to...
Narrative Update Feb 07

BNZL: Share Buybacks And Modest Assumptions Will Support Share Recovery

Narrative Update on Bunzl Analysts have nudged their Bunzl price target slightly higher to £25.02 from £24.87. This reflects updated assumptions around a modestly lower discount rate, slightly softer revenue growth and profit margin expectations, and a marginally higher future P/E multiple.
Narrative Update Jan 24

BNZL: Share Buybacks And Steady Margins Will Support Share Recovery

Analysts have trimmed their fair value estimate for Bunzl slightly from £25.04 to £24.87, reflecting small tweaks to assumptions on the discount rate, long term revenue growth, profit margin and future P/E multiples. What's in the News Bunzl completed a share buyback of 7,192,677 shares, representing 2.19% of the company, for £200 million under the program announced on December 17, 2024 (Key Developments).
Narrative Update Jan 09

BNZL: Cash Generation And Moderate Revenue Outlook Will Support Share Recovery

Analysts have trimmed their price target on Bunzl to reflect a fair value adjustment from £26.07 to £25.04, citing slightly more conservative assumptions on discount rate, revenue growth and profit margins, while keeping the forward P/E broadly unchanged. What's in the News Bunzl issued earnings guidance for 2025, with Group revenue expected to grow between 2% and 3% at constant exchange rates and to be broadly flat at actual exchange rates (company guidance).
Narrative Update Dec 17

BNZL: Recent Upgrade And Cash Generation May Support Future Share Recovery

Analysts have nudged their price target on Bunzl slightly lower to approximately £26.07 from about £26.41 per share, as a modestly higher discount rate and slightly softer margin outlook offset incremental optimism on revenue growth, even as recent valuation-driven upgrades on the Street temper the downside view. Analyst Commentary Analyst views on Bunzl remain mixed, with recent valuation-driven upgrades balancing ongoing concerns about execution and margin resilience.
Analysis Article Dec 16

Pinning Down Bunzl plc's (LON:BNZL) P/E Is Difficult Right Now

It's not a stretch to say that Bunzl plc's ( LON:BNZL ) price-to-earnings (or "P/E") ratio of 14.6x right now seems...
Analysis Article Nov 10

Does Bunzl (LON:BNZL) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article Oct 28

Bunzl (LON:BNZL) Will Pay A Dividend Of £0.202

Bunzl plc ( LON:BNZL ) will pay a dividend of £0.202 on the 5th of January. This will take the dividend yield to an...
Analysis Article Oct 10

Bunzl's (LON:BNZL) Dividend Will Be £0.202

Bunzl plc's ( LON:BNZL ) investors are due to receive a payment of £0.202 per share on 5th of January. This will take...
Analysis Article Oct 07

Bunzl (LON:BNZL) Has More To Do To Multiply In Value Going Forward

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Sep 14

Bunzl plc (LON:BNZL) Investors Are Less Pessimistic Than Expected

It's not a stretch to say that Bunzl plc's ( LON:BNZL ) price-to-earnings (or "P/E") ratio of 16.7x right now seems...
Analysis Article Aug 29

Bunzl (LON:BNZL) Is Due To Pay A Dividend Of £0.202

Bunzl plc ( LON:BNZL ) will pay a dividend of £0.202 on the 5th of January. This makes the dividend yield 3.0%, which...
Analysis Article Aug 28

Analysts Are Updating Their Bunzl plc (LON:BNZL) Estimates After Its Interim Results

It's been a good week for Bunzl plc ( LON:BNZL ) shareholders, because the company has just released its latest...
User avatar
New Narrative Feb 09

US Retail Model Changes And Acquisitions To Strengthen Market Position

Acquisitions and brand penetration aim to boost revenue and profitability through expanded markets and improved margins.

Shareholder Returns

BNZLGB Trade DistributorsGB Market
7D8.6%3.5%-0.1%
1Y8.6%10.2%16.7%

Return vs Industry: BNZL underperformed the UK Trade Distributors industry which returned 10.2% over the past year.

Return vs Market: BNZL underperformed the UK Market which returned 16.7% over the past year.

Price Volatility

Is BNZL's price volatile compared to industry and market?
BNZL volatility
BNZL Average Weekly Movement3.2%
Trade Distributors Industry Average Movement5.8%
Market Average Movement5.6%
10% most volatile stocks in GB Market11.6%
10% least volatile stocks in GB Market3.1%

Stable Share Price: BNZL has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: BNZL's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
185426,777Frank Van Zantenwww.bunzl.com

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.

Bunzl plc Fundamentals Summary

How do Bunzl's earnings and revenue compare to its market cap?
BNZL fundamental statistics
Market capUK£7.93b
Earnings (TTM)UK£459.20m
Revenue (TTM)UK£11.85b
17.4x
P/E Ratio
0.7x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BNZL income statement (TTM)
RevenueUK£11.85b
Cost of RevenueUK£8.43b
Gross ProfitUK£3.42b
Other ExpensesUK£2.96b
EarningsUK£459.20m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Sep 01, 2026

Earnings per share (EPS)1.43
Gross Margin28.85%
Net Profit Margin3.88%
Debt/Equity Ratio79.3%

How did BNZL perform over the long term?

See historical performance and comparison

Dividends

3.0%
Current Dividend Yield
52%
Payout Ratio

Does BNZL pay a reliable dividends?

See BNZL dividend history and benchmarks
When do you need to buy BNZL by to receive an upcoming dividend?
Bunzl dividend dates
Ex Dividend DateMay 21 2026
Dividend Pay DateJul 02 2026
Days until Ex dividend19 days
Days until Dividend pay date23 days

Does BNZL pay a reliable dividends?

See BNZL dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/08 22:08
End of Day Share Price 2026/06/08 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

Bunzl plc is covered by 33 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Paul Daniel CheckettsBarclays
James RosenthalBarclays
Thomas BurltonBerenberg