Added to YB: 2026-03-24
Pitch date: 2026-03-21
DSW.L [bullish]
DSW Capital plc
Author Info
No bio for this author
Company Info
DSW Capital plc provides professional services in the United Kingdom. It offers asset based lending risk management, business planning and recovery, corporate finance advice, debt and tax advisory, DSW venture, financial due diligence, equity finance, and R and D tax services.
Market Cap
GBP 11.3M
Pitch Price
GBP 0.45
Price Target
0.79 (+76%)
Dividend
7.11%
EV/EBITDA
5.11
P/E
11.37
EV/Sales
1.68
Sector
Professional Services
Category
value
Capital Light Franchisor trading at 5x EV/EBIT with 8% Dividend Yield - DSW Capital plc
DSW.L: Capital-light franchisor of M&A advisors (Dow Schofield Watts) & legal consultants (DR Solicitors). Earns 17% license fees on revenue from network of 144 fee earners across 24 firms. DR acquisition (5x EV/EBIT) diversifies from lumpy M&A fees to steadier legal revenue (+11% YoY). Trading 5x FY27 EV/EBIT, 7.8% yield (70% payout target). Base case 79p PT (76% upside) on 30% op margins by FY30. Risks: weak UK M&A market, licensee attrition, AI disruption. Founder owns 19%, bought £450k at 63p.
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