Added to YB: 2025-01-27
Pitch date: 2025-01-25
GRG.L [bullish]
Greggs plc
-19.83%
current return
Author Info
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Company Info
Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks, as well as ready to drink canned products.
Market Cap
GBP 1.6B
Pitch Price
GBP 20.31
Price Target
40.09 (+146%)
Dividend
4.38%
EV/EBITDA
5.93
P/E
11.16
EV/Sales
0.97
Sector
Hotels, Restaurants and Leisure
Category
value
Greggs Investment Thesis Statement
GRG.L: 25% drop on soft Q4 & recall creates opportunity. 20%+ ROCE, £125M net cash, 15.4x P/E vs 19.8x median. Multiple growth vectors: 3000+ stores, travel hubs, evening trade, delivery. Bear case -10%, base case +30%, bull case +90%. Risks: UK consumer weakness, cost inflation, execution, competition.
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