Added to YB: 2025-05-30
Pitch date: 2025-04-13
FRAS.L [bullish]
Frasers Group Plc
+11.82%
current return
Author Info
No bio for this author
Company Info
Frasers Group Plc, together with its subsidiaries, retails sports and leisure clothing, footwear, homeware, furniture, sports equipment and bicycles, accessories, and apparel through department stores, shops, and online in the United Kingdom, Europe, the United States, Asia, Oceania, and internationally.
Market Cap
GBP 3.1B
Pitch Price
GBP 6.13
Price Target
13.03 (+107%)
Dividend
N/A
EV/EBITDA
5.98
P/E
10.15
EV/Sales
0.87
Sector
Specialty Retail
Category
value
Frasers Group Plc - $FRAS.L
FRAS.L: UK retail giant at depressed valuation - trades at 6.6x 2028E P/E with significant balance sheet value. Core business generates 18% CAGR book value, 22-33% ROE. Undervalued assets: £933M equity portfolio, £378.5M property (potentially worth 620-750p/share), £1.3B inventory. Base case: £13/share (+117%), limited downside protection.
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