Added to YB: 2025-06-12
Pitch date: 2025-06-10
BME.L [bullish]
B&M European Value Retail S.A.
-37.6%
current return
Author Info
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Company Info
B&M European Value Retail S.A. retails general merchandise products and groceries. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express brand names in the United Kingdom, as well as stores under the B&M brand name in France.
Market Cap
GBP 1.7B
Pitch Price
GBP 2.51
Price Target
N/A
Dividend
17.07%
EV/EBITDA
5.11
P/E
6.69
EV/Sales
0.70
Sector
Broadline Retail
Category
growth
Position Increase - B&M European Value Retail (BME.L)
BME.L adding to position: UK discount retail giant with 1,100+ stores. LFL sales decline triggered 20% selloff despite strong fundamentals. Operating margin >10%, trades at 8x P/E, 5x P/FCF. Returned £1.8B (67% of market cap) in dividends FY21-24. 10yr runway to 1,200 UK stores. <1yr store payback. CEO retiring April 2025, succession in progress. 18.4% IRR potential.
Read full article (41 min)