Added to YB: 2023-12-04
Pitch date: 2023-11-26
LGRS.L [neutral]
Loungers plc
+39.66%
current return
Author Info
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Company Info
Loungers plc operates cafés, bars, and restaurants under the Lounge and Cosy Club brand names in England and Wales.
Market Cap
GBP 290.7M
Pitch Price
GBP 2.32
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.21
P/E
32.94
EV/Sales
1.28
Sector
Hotels, Restaurants and Leisure
Category
growth
Loungers
LGRS: UK café-bar chain w/ 222 sites, 5.6% 10Y LFL sales growth, 29% sales CAGR. Post-IPO EBITDA +66% to £47M. Aims for 600+ Lounges, 50-65 Cosy Clubs. 20x P/E, 6.4x EV/EBITDA vs PE deals. Risks: past losses, high debt, labor, 26% Lion Capital stake, insider sales.
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