Added to YB: 2025-05-30
Pitch date: 2025-04-13
FRAS.L [bullish]
Frasers Group Plc
+5.13%
current return
Author Info
No bio for this author
Company Info
Frasers Group Plc, together with its subsidiaries, engages in the retail and wholesale of sports and leisure clothing, footwear and equipment, and apparel through department stores, shops, and online.
Market Cap
GBP 2.7B
Pitch Price
GBP 6.13
Price Target
13.03 (+102%)
Dividend
N/A
EV/EBITDA
5.67
P/E
6.34
EV/Sales
0.93
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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