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Added to YB: 2026-07-07

Pitch date: 2026-07-03

DNLM.L [neutral]

Dunelm Group plc

-2.86%

current return

Author Info

Duck Pond Value Research is seeking tranquil ponds with a value philosophy. Margin of safety is not just a mantra. Follow us for investment theses, sector reports, or our economic perspectives. Sometimes ponds can be moats. Sign up for the newsletter.

Company Info

Dunelm Group plc engages in the retail of homewares in the United Kingdom. The company offers furniture and beds products, which include bedroom, living room, dining room, and other furniture, as well as bed and mattresses, and sofas and armchairs; bedding products comprising bed linen, dorma, baby and kid’s bedding, duvets, pillows, and protectors; curtains; rugs; and venetian, roller, roman, vertical, and made to measure blinds.

Market Cap

GBP 1.6B

Pitch Price

GBP 8.21

Price Target

N/A

Dividend

8.74%

EV/EBITDA

6.33

P/E

10.89

EV/Sales

1.03

Sector

Specialty Retail

Category

N/A

Show full summary:
The Pond Tracker | H1'26 - Dunelm Group plc

DNLM.L (update): British homeware retailer down 29% YTD, 21% since conflict. Q3 FY26 sales £472m (+2.1%), YTD £1,398m (+3.1%), GM +30bps, digital 43%. Consumer shift to discounts, FY26 PBT guided to low end (£210-217m). High quality, consistent growth/margins but trades on demanding multiples; lacks margin of safety. Possible future opportunity.

Read full article (1 min)