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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Sports Direct International    FRAS   GB00B1QH8P22

SPORTS DIRECT INTERNATIONAL

(FRAS)
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Sports Direct International : UK department store retailer Beales enters administration

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01/20/2020 | 08:01am EST

British department store retailer Beales has collapsed into administration, a form of creditor protection, putting 1,052 jobs at risk, administrator KPMG said on Monday.

The 139-year old retailer operates 23 department stores in market towns across Britain, selling furniture, fashion, toys and cosmetics.

"With the impact of high rents and rates exacerbated by disappointing trading over the Christmas period, and extensive discussions around additional investment proving unsuccessful, there were no other available options but to place the company into administration," said Will Wright, partner at KPMG and joint administrator.

KMPG will continue to trade all 23 stores as a going concern while they assess options for the business, including dealing with prospective interested parties.

Britain's department store sector has been under intense pressure from weak demand and rising costs for several years.

BHS went bust in 2016, House of Fraser was bought out of administration in 2018 by Mike Ashley's Sports Direct, now called Frasers Group, and Debenhams went into administration in April and is now owned by its lenders.

(Reporting by James Davey; editing by Sarah Young)

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Financials (GBP)
Sales 2020 4 229 M
EBIT 2020 235 M
Net income 2020 139 M
Debt 2020 323 M
Yield 2020 -
P/E ratio 2020 18,4x
P/E ratio 2021 18,6x
EV / Sales2020 0,66x
EV / Sales2021 0,63x
Capitalization 2 480 M
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Technical analysis trends SPORTS DIRECT INTERNATIONA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 433,33  GBp
Last Close Price 491,80  GBp
Spread / Highest target 22,0%
Spread / Average Target -11,9%
Spread / Lowest Target -39,0%
EPS Revisions
Managers
NameTitle
Michael James Wallace Ashley Chief Executive Officer
David Daly Non-Executive Chairman
Chris Wootton Chief Financial Officer
David Brayshaw Non-Executive Director
Nicola Frampton Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SPORTS DIRECT INTERNATIONAL7.24%3 216
ULTA BEAUTY18.27%17 114
TRACTOR SUPPLY COMPANY6.79%11 702
NEXT0.85%11 700
GRANDVISION1.02%7 632
FIELMANN AKTIENGESELLSCHAFT-1.53%6 468