Added to YB: 2024-11-21
Pitch date: 2024-11-19
BME.L [bullish]
B&M European Value Retail S.A.
-48.71%
current return
Author Info
No bio for this author
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 3.06
Price Target
N/A
Dividend
17.07%
EV/EBITDA
5.11
P/E
6.69
EV/Sales
0.70
Sector
Broadline Retail
Category
value
A Bargain Shop with a Bargain Share Price? - B&M European Value Retail S.A.
BME.L: Rev +3.7% to £2,644m, but LFL -3.6%. Margins down on costs. Store expansion driving growth (39 new). Net debt up to £788m (1.2x EBITDA). Dividend +3.9%. Risks: macro headwinds, competition. Focus on LFL improvement, France expansion. Well-positioned for value-seeking consumers.
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