Added to YB: 2026-06-26
Pitch date: 2026-06-24
SHOE.L [neutral]
Shoe Zone plc
Author Info
No bio for this author
Company Info
Shoe Zone plc, together with its subsidiaries, operates as a footwear retailer in the United Kingdom.
Market Cap
GBP 22.2M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.38
P/E
-19.20
EV/Sales
0.35
Sector
Specialty Retail
Category
turnaround
Shoe Zone plc - $SHOE.L
SHOE.L (overview): UK value footwear retailer, £23m mkt cap, debt-free, £7.5m net cash (32% of cap). FY26 guides £1-2m adj LBT, clearing bar for turnaround. H1 product margins +230bps to 61.7% despite -12% rev; losses from fixed occupancy. Post-2027 plan: 260 optimized stores, £150m rev, £3.4m NPAT = 6.8x fwd P/E. Smiths bought 2.76M shares at 50p, now 64.08% control. Key risk: lowball take-private at trough + wage inflation. 2.3yr avg lease lets co exit bad sites.
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