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Bunzl plc (BNZL.L)

Consumer Defensive Balanced

Bunzl is the invisible giant that supplies the essential everyday items businesses need to function, from coffee cups and napkins to medical gloves and cleaning supplies.

£28.02
≈ 2,802p · London-listed shares are usually quoted in pence (GBX) elsewhere; the Almanac shows pounds (£1 = 100p).

Is Bunzl plc a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Highly resilient business model based on essential, recurring purchases. Worth weighing: Very thin profit margins leave little room for error if costs spike. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.

No rating · no target price · nothing for sale here
Price-14.0%
52-week range+20% past year
£28.02
Low £19.81High £28.32
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Bunzl plc
£860-14%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Bunzl plc actually fallen?

−46%

Over the last 2 years of daily prices, Bunzl plc fell as much as −46% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.

Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£9.00B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
1.30M
Day range: The lowest and highest price the shares traded at during the latest day.
£27.72 – £28.20
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£19.81 – £28.32
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
19.9
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
2.6%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
0.32
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 0.32
Calm
Wild
Steadier than most

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +1% past week · ▲ +20% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

Expansion into new international markets and high-growth sectors.

The bear case

Structural changes in how businesses source supplies, bypassing traditional middlemen.

What does Bunzl plc do?

Think of Bunzl as the world's biggest 'behind-the-scenes' partner for businesses. They don't make the products themselves; instead, they source, package, and deliver thousands of essential consumables to supermarkets, hospitals, and hotels. The business earns its keep as a massive, efficient middleman, helping clients save time and money by consolidating all their supply needs into one reliable service.

VQGMI
Factor profile

On our factor screen it looks strongest on momentum and income, and weakest on growth.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 41Quality: How profitable and financially healthy the company is (higher = stronger). 38Growth: How fast revenue and earnings are growing (higher = faster). 28Momentum: How the share price has been trending recently (higher = stronger recent run). 87Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 52
Quick checks
What's strong
  • Momentum screens high (87/100)
  • Highly resilient business model based on essential, recurring purchases.
  • Strong track record of growing through smart, bolt-on acquisitions.
  • Low volatility compared to the broader market, offering a defensive quality.
What to watch
  • Growth screens low (28/100)
  • Potential for supply chain disruptions to increase operational costs.
  • Increased competition from large online retailers entering the B2B space.
  • Rising interest rates making the cost of funding future acquisitions more expensive.

What do Bunzl plc's numbers mean?

P/E
19.0
This shows how much you are paying for every pound of the company's annual profit; a lower number can sometimes suggest a company is priced more modestly relative to its earnings.
Around the middle of the 50 Consumer Defensive shares we cover
Net margin
3.9%
This reveals that for every pound of sales, the company keeps about four pence as actual profit after all expenses are paid, showing it operates on thin but steady margins.
Around the middle of the 59 Consumer Defensive shares we cover
Beta
0.3
A low beta suggests the share price tends to be much less jumpy than the wider stock market, reflecting the company's role in providing essential, everyday goods.
Dividend yield
2.8%
This is the annual cash payout to shareholders as a percentage of the share price, representing a portion of the profit returned to investors.
Around the middle of the 59 Consumer Defensive shares we cover

Does Bunzl plc pay a dividend?

Yes - Bunzl plc currently pays a dividend of about 2.6% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

What do the numbers say about Bunzl plc's dividend?

There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.

Dividend yield2.6%The yearly dividend as a percentage of today's price. A very high figure often means the price has fallen because the market expects a cut, so a big yield is a question to look into, not a prize.
Payout ratio53%The share of profit paid out as dividends. A lower figure leaves headroom; near or above 100% means most or all of the profit is going out as dividends.
Dividend cover1.9×Profit divided by the dividend (the payout ratio the other way up). As a rough convention many income investors like around 2× or more; below 1× means the company paid out more than it earned that year.

Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.

When does Bunzl plc report earnings, and how did recent quarters go?

Bunzl plc is next scheduled to report on about 2026-09-01 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

More in Consumer Defensive

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What are the scenarios for Bunzl plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£31£28£19today · £28▲ Bull · £30• Base · £28▼ Bear · £26in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+5% to +8%Stronger demand for essential supplies across their core sectors.
Base
-2% to +2%Steady, predictable performance in line with historical trends.
Bear
-5% to -8%Rising costs for logistics and fuel eating into thin profit margins.

What are the pros and cons of Bunzl plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Highly resilient business model based on essential, recurring purchases.
  • Strong track record of growing through smart, bolt-on acquisitions.
  • Low volatility compared to the broader market, offering a defensive: A business whose demand holds up whatever the economy does - food, utilities, medicines. Steadier, though often slower-growing. quality.
The catch3
  • Very thin profit margins leave little room for error if costs spike.
  • Revenue growth: How fast the company's sales grew versus a year ago. has been relatively flat recently.
  • Heavy reliance on the health of the wider economy to keep client demand high.
Key risks3
  • Potential for supply chain disruptions to increase operational costs.
  • Increased competition from large online retailers entering the B2B space.
  • Rising interest rates making the cost of funding future acquisitions more expensive.
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: none · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-02. Prices may be delayed and numbers can go stale - always double-check before acting.