Financials Frasers Group plc

Equities

FRAS

GB00B1QH8P22

Other Specialty Retailers

Market Closed - London S.E. 11:35:17 2024-05-20 am EDT 5-day change 1st Jan Change
816.5 GBX -1.39% Intraday chart for Frasers Group plc -0.12% -10.32%

Valuation

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,546 1,305 2,588 3,197 3,459 3,535 - -
Enterprise Value (EV) 1 1,924 1,671 2,836 3,589 3,876 4,105 3,886 3,648
P/E ratio 13.9 x 14.1 x -31.2 x 14.1 x 7.24 x 9.68 x 8.73 x 7.74 x
Yield - - - - - - - -
Capitalization / Revenue 0.42 x 0.33 x 0.71 x 0.67 x 0.62 x 0.61 x 0.58 x 0.56 x
EV / Revenue 0.52 x 0.42 x 0.78 x 0.76 x 0.7 x 0.71 x 0.64 x 0.57 x
EV / EBITDA 6.69 x 5.53 x 7.26 x 4.37 x 5.51 x 4.45 x 3.95 x 3.83 x
EV / FCF 16.8 x 31.4 x 8.86 x 16.5 x 53.6 x 17.2 x 16.5 x 15.7 x
FCF Yield 5.97% 3.18% 11.3% 6.06% 1.87% 5.82% 6.07% 6.36%
Price to Book 1.24 x 1.03 x 2.17 x 2.49 x - 1.9 x 1.58 x 1.34 x
Nbr of stocks (in thousands) 519,019 501,953 501,953 470,908 450,088 432,929 - -
Reference price 2 2.978 2.600 5.155 6.790 7.685 8.165 8.165 8.165
Announcement Date 7/26/19 8/20/20 8/5/21 7/21/22 7/27/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,702 3,957 3,625 4,747 5,565 5,786 6,116 6,360
EBITDA 1 287.8 302.1 390.8 821.4 703.9 922.9 983.4 952.2
EBIT 1 162.4 131.9 165.4 568.7 434.7 563.5 612.7 676.1
Operating Margin 4.39% 3.33% 4.56% 11.98% 7.81% 9.74% 10.02% 10.63%
Earnings before Tax (EBT) 1 179.2 143.5 8.5 366.1 660.7 510.1 547.7 572.6
Net income 1 112 93.8 -83 290.2 501.3 369.5 396.4 414.3
Net margin 3.03% 2.37% -2.29% 6.11% 9.01% 6.39% 6.48% 6.51%
EPS 2 0.2150 0.1850 -0.1650 0.4800 1.061 0.8436 0.9358 1.055
Free Cash Flow 1 114.8 53.2 320.2 217.6 72.3 239.1 236 232.2
FCF margin 3.1% 1.34% 8.83% 4.58% 1.3% 4.13% 3.86% 3.65%
FCF Conversion (EBITDA) 39.89% 17.61% 81.93% 26.49% 10.27% 25.91% 24% 24.38%
FCF Conversion (Net income) 102.5% 56.72% - 74.98% 14.42% 64.71% 59.54% 56.04%
Dividend per Share 2 - - - - - - - -
Announcement Date 7/26/19 8/20/20 8/5/21 7/21/22 7/27/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: April 2021 S1 2021 S2 2023 S1 2023 S2
Net sales 1 1,893 1,732 2,638 2,927
EBITDA 1 - - 428.1 275.8
EBIT 1 - 13.1 - 125.4
Operating Margin - 0.76% - 4.28%
Earnings before Tax (EBT) - -97.6 - -
Net income - - - -
Net margin - - - -
EPS 0.1600 - - -
Dividend per Share - - - -
Announcement Date 12/10/20 8/5/21 12/8/22 7/27/23
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 379 366 249 392 417 570 351 114
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.315 x 1.212 x 0.6369 x 0.4767 x 0.5921 x 0.6172 x 0.3574 x 0.1192 x
Free Cash Flow 1 115 53.2 320 218 72.3 239 236 232
ROE (net income / shareholders' equity) - - -6.93% 22.9% 33.6% 21.8% 21.9% 21.3%
ROA (Net income/ Total Assets) - - - - - 8.54% 8.43% 8.48%
Assets 1 - - - - - 4,326 4,705 4,888
Book Value Per Share 2 2.400 2.520 2.380 2.730 - 4.290 5.180 6.090
Cash Flow per Share 2 0.5200 - 1.030 0.3900 1.180 1.750 1.690 1.350
Capex 1 160 324 199 280 469 247 243 242
Capex / Sales 4.31% 8.17% 5.48% 5.9% 8.43% 4.26% 3.98% 3.8%
Announcement Date 7/26/19 8/20/20 8/5/21 7/21/22 7/27/23 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
8.165 GBP
Average target price
9.086 GBP
Spread / Average Target
+11.28%
Consensus

Quarterly revenue - Rate of surprise

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