Added to YB: 2025-11-17
Pitch date: 2025-11-13
SSPG.L [bullish]
SSP Group plc
+24.04%
current return
Author Info
Company Info
SSP Group plc operates food and beverage outlets in North America, Europe, the United Kingdom, Ireland, the Asia Pacific, Eastern Europe, the Middle East, and internationally.
Market Cap
GBP 1.2B
Pitch Price
GBP 1.46
Price Target
2.15 (+19%)
Dividend
2.46%
EV/EBITDA
5.04
P/E
-50.42
EV/Sales
0.92
Sector
Hotels, Restaurants and Leisure
Category
special_situation
New special sit (SSPG.LN)
SSPG.L: Global travel F&B operator at 6.2x FY25 EBITDA (8.6x headline) after adjusting for TFS India stake worth £750M. Irenic Capital & other activists pushing for sale after chairman resigned unexpectedly. PE precedents at 9-10x EBITDA suggest 40-50% upside to £2.40/share. Strong renewal rates, margin recovery potential.
Read full article (6 min)