Added to YB: 2025-12-09
Pitch date: 2025-12-04
GRG.L [neutral]
Greggs plc
+13.4%
current return
Author Info
Heavy Moat Investments is on a journey to find high-quality businesses with a long-term investment horizon of all sizes. Sign up for the newsletter.
Company Info
Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks.
Market Cap
GBP 1.9B
Pitch Price
GBP 15.97
Price Target
N/A
Dividend
3.67%
EV/EBITDA
6.29
P/E
14.59
EV/Sales
1.06
Sector
Hotels, Restaurants and Leisure
Category
value
Greggs PLC: Undervalued, but how good is the business?
GRG.L (pass): UK food chain scores 41/80 quality points vs 53 avg portfolio. 17% past growth slowing to 6% median. Targets 3,500 stores from 2,675 (+31%). 10.7x EBIT, FCF margins should recover to 10% as capex drops from 14% to 5% of revenue. Pass: retail moat concerns, limited growth.
Read full article (7 min)