Added to YB: 2023-12-04
Pitch date: 2023-11-26
JDW.L [neutral]
J D Wetherspoon plc
+2.67%
current return
Author Info
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Company Info
J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland.
Market Cap
GBP 709.5M
Pitch Price
GBP 6.88
Price Target
1.4K (+19520%)
Dividend
1.86%
EV/EBITDA
7.34
P/E
11.38
EV/Sales
0.88
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Thoughts post JD Wetherspoon meeting
JDW: Post-COVID recovery w/ rising sales & profits. Strategy: low prices (25-30% < comps) for loyalty, concerns in less price-sensitive mkts. Gaining share in beer vol. Mgmt has owner mentality, LT focus on cust over near-term profits. 10x P/E vs 15-20x historical, upside to pre-COVID 70-75p EPS.
Read full article (2 min)