Fuller Smith & Turner（1ZJ）株式概要フラー・スミス・ターナーP.L.C.は英国でパブやホテルを経営している。 詳細1ZJ ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長1/6過去の実績2/6財務の健全性4/6配当金4/6報酬株価収益率（ 17.2 x） German市場（ 17.5 x）を下回っています。収益は年間9.22%増加すると予測されています 過去5年間の収益は年間67%増加しました。 リスク分析不安定な配当実績 すべてのリスクチェックを見る1ZJ Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€7.4524.4% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-27m461m2016201920222025202620282031Revenue UK£461.3mEarnings UK£24.4mAdvancedSet Fair ValueView all narrativesFuller, Smith & Turner P.L.C. 競合他社Angler GamingSymbol: DB:0QMMarket cap: €340.4mTin Inn Holding AgSymbol: XTRA:TIWMarket cap: €180.5mZEAL NetworkSymbol: XTRA:TIMAMarket cap: €949.5mMHP HotelSymbol: MUN:CDZ0Market cap: €67.2m価格と性能株価の高値、安値、推移の概要Fuller Smith & Turner過去の株価現在の株価UK£7.4552週高値UK£8.5052週安値UK£6.15ベータ0.751ヶ月の変化6.43%3ヶ月変化-10.78%1年変化2.05%3年間の変化25.21%5年間の変化-23.98%IPOからの変化-25.50%最新ニュースUpcoming Dividend • Dec 04Upcoming dividend of UK£0.079 per shareEligible shareholders must have bought the stock before 11 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.2%).Reported Earnings • Nov 17First half 2026 earnings released: EPS: UK£0.28 (vs UK£0.37 in 1H 2025)First half 2026 results: EPS: UK£0.28 (down from UK£0.37 in 1H 2025). Revenue: UK£207.5m (up 6.9% from 1H 2025). Net income: UK£15.2m (down 30% from 1H 2025). Profit margin: 7.3% (down from 11% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Declared Dividend • Nov 14First half dividend of UK£0.079 announcedShareholders will receive a dividend of UK£0.079. Ex-date: 11th December 2025 Payment date: 2nd January 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (486% earnings payout ratio). However, it is well covered by cash flows (30% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 440% to bring the payout ratio under control. EPS is expected to grow by 138% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Nov 12Fuller, Smith & Turner P.L.C. Announces Interim Dividend on A, B and C Ordinary Shares, Payable on 2 January 2026Fuller, Smith & Turner P.L.C. announced an interim dividend of 7.85 pence (H1 2025: 7.41 pence) per 40 pence 'A' and 'C' ordinary share and 0.785 pence (H1 2025: 0.741 pence) per 4 pence 'B' ordinary share. This will be paid on 2 January 2026 to shareholders on the share register as at 12 December 2025.Buy Or Sell Opportunity • Jul 23Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 4.0% to €6.55. The fair value is estimated to be €5.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are forecast to decline by 0.6% per annum over the same time period.Upcoming Dividend • Jun 27Upcoming dividend of UK£0.12 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 24 July 2025. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.9%).最新情報をもっと見るRecent updatesUpcoming Dividend • Dec 04Upcoming dividend of UK£0.079 per shareEligible shareholders must have bought the stock before 11 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.2%).Reported Earnings • Nov 17First half 2026 earnings released: EPS: UK£0.28 (vs UK£0.37 in 1H 2025)First half 2026 results: EPS: UK£0.28 (down from UK£0.37 in 1H 2025). Revenue: UK£207.5m (up 6.9% from 1H 2025). Net income: UK£15.2m (down 30% from 1H 2025). Profit margin: 7.3% (down from 11% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Declared Dividend • Nov 14First half dividend of UK£0.079 announcedShareholders will receive a dividend of UK£0.079. Ex-date: 11th December 2025 Payment date: 2nd January 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (486% earnings payout ratio). However, it is well covered by cash flows (30% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 440% to bring the payout ratio under control. EPS is expected to grow by 138% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Nov 12Fuller, Smith & Turner P.L.C. Announces Interim Dividend on A, B and C Ordinary Shares, Payable on 2 January 2026Fuller, Smith & Turner P.L.C. announced an interim dividend of 7.85 pence (H1 2025: 7.41 pence) per 40 pence 'A' and 'C' ordinary share and 0.785 pence (H1 2025: 0.741 pence) per 4 pence 'B' ordinary share. This will be paid on 2 January 2026 to shareholders on the share register as at 12 December 2025.Buy Or Sell Opportunity • Jul 23Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 4.0% to €6.55. The fair value is estimated to be €5.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are forecast to decline by 0.6% per annum over the same time period.Upcoming Dividend • Jun 27Upcoming dividend of UK£0.12 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 24 July 2025. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.9%).Declared Dividend • Jun 13Final dividend of UK£0.12 announcedShareholders will receive a dividend of UK£0.12. Ex-date: 3rd July 2025 Payment date: 24th July 2025 Dividend yield will be 3.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (242% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.6% over the next 3 years. However, it would need to fall by 54% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Jun 12Full year 2025 earnings released: EPS: UK£0.47 (vs UK£0.15 in FY 2024)Full year 2025 results: EPS: UK£0.47 (up from UK£0.15 in FY 2024). Revenue: UK£376.3m (up 4.8% from FY 2024). Net income: UK£27.2m (up 199% from FY 2024). Profit margin: 7.2% (up from 2.5% in FY 2024). Same store sales growth: 5.2% vs FY 2024 Total stores: 338 (down by 32 from FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Jun 11+ 5 more updatesFuller, Smith & Turner P.L.C., Annual General Meeting, Jul 22, 2025Fuller, Smith & Turner P.L.C., Annual General Meeting, Jul 22, 2025.お知らせ • Apr 01Fuller, Smith & Turner P.L.C. Announces Board ChangesFuller, Smith & Turner P.L.C., announced the following changes to the Board. Helen Jones, having served six years as an independent non-executive director and Chair of the Remuneration Committee, will retire from the Board with effect from 31 March 2025. Jane Bednall will join the Board as an independent non-executive director with effect from 1 April 2025. Jane will serve on the Audit & Risk Committee, Nominations Committee and Remuneration Committee, and will take on the role of Employee Engagement Director. Jane Bednall is an experienced non-executive director following a successful executive career in customer-led companies, including British Airways plc and Intercontinental Hotels Group plc, where she held senior leadership roles in marketing, brand, customer, digital and commercial. She is currently a Non-Executive Director overseeing AustralianSuper’s interests on the Board of the Kings Cross Central General Partnership, and was previously a Non-Executive Director at Enterprise Inns plc and DFS Furniture plc. Robin Rowland will be appointed as Chair of the Remuneration Committee with effect from 1 April 2025 to replace Helen Jones. Jane Bednall was a non-executive director of DFS Furniture plc from 1 January 2020 to 23 June 2023.New Risk • Mar 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (91% cash payout ratio). Large one-off items impacting financial results.New Risk • Jan 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Large one-off items impacting financial results.Upcoming Dividend • Dec 05Upcoming dividend of UK£0.074 per shareEligible shareholders must have bought the stock before 12 December 2024. Payment date: 02 January 2025. Payout ratio is a comfortable 54% and the cash payout ratio is 89%. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (2.7%).New Risk • Nov 19New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Dividend is not well covered by earnings (117% payout ratio). Large one-off items impacting financial results.Declared Dividend • Nov 15First half dividend of UK£0.074 announcedShareholders will receive a dividend of UK£0.074. Ex-date: 12th December 2024 Payment date: 2nd January 2025 Dividend yield will be 2.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio). However, it is covered by cash flows (89.8% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control. EPS is expected to grow by 5.4% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Nov 14Fuller, Smith & Turner P.L.C. Announces Interim Dividend, Payable on 2 January 2025Fuller, Smith & Turner P.L.C. announced an interim dividend of 7.41 pence (H1 2024: 6.63 pence) per 40 pence 'A' and 'C' ordinary share and 0.741 pence (H1 2024: 0.663 pence) per 4 pence 'B' ordinary share. This will be paid on 2 January 2025 to shareholders on the share register as at 13 December 2024.お知らせ • Aug 07Fuller, Smith & Turner P.L.C. (LSE:FSTA) acquired Lovely Pubs Ltd for £22.5 million.Fuller, Smith & Turner P.L.C. (LSE:FSTA) acquired Lovely Pubs Ltd for £22.5 million on August 6, 2024. The acquisition will be funded from existing banking facilities. Lovely Pubs Ltd will continue to operate as they are and its founders will continue to work with Fuller’s and all 260 team members will be retained with the acquisition. For the period ending December 31, 2023, Lovely Pubs Ltd reported EBITDA of £3.1 million. CBRE acted as advisors on the deal. Fuller, Smith & Turner P.L.C. (LSE:FSTA) completed the acqusition of Lovely Pubs Ltd on August 6, 2024.New Risk • Jun 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Large one-off items impacting financial results.Declared Dividend • Jun 16Final dividend of UK£0.11 announcedShareholders will receive a dividend of UK£0.11. Ex-date: 4th July 2024 Payment date: 25th July 2024 Dividend yield will be 2.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is well covered by cash flows (24% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.2% to bring the payout ratio under control. EPS is expected to grow by 5.3% over the next 3 years, which should be enough to bring the dividend into a sustainable range.Reported Earnings • Jun 14Full year 2024 earnings releasedFull year 2024 results: Revenue: UK£359.1m (up 6.7% from FY 2023). Net income: UK£9.10m (up 15% from FY 2023). Profit margin: 2.5% (up from 2.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany.お知らせ • May 30Admiral Taverns Limited agreed terms to acquire Portfolio of 37 pubs of Tenanted Inns Division of Fuller, Smith & Turner P.L.C. for £18.3 million.Admiral Taverns Limited agreed terms to acquire Portfolio of 37 pubs of Tenanted Inns Division of Fuller, Smith & Turner P.L.C. for £18.3 million on May 29, 2024. The proceeds from the sale will further strengthen the Fuller, Smith’s balance sheet, enabling additional investment in its pubs, as well as supporting future acquisition opportunities. Following completion, Fuller’s will have 154 pubs within its Tenanted Inns Division. As of March 30, 2024, the portfolio of 37 pubs generated £1.3 million of profit before tax. The transaction is expected to close on June 25, 2024. Sapient Corporate Finance acted as financial advisor to Fuller, Smith & Turner.Upcoming Dividend • Dec 07Upcoming dividend of UK£0.066 per share at 2.4% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 02 January 2024. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (2.7%).お知らせ • Nov 17Fuller, Smith & Turner P.L.C. Declares Interim Dividend, Payable on 2 January 2024Fuller, Smith & Turner P.L.C. announce an interim dividend of 6.63 pence (H1 2023: 4.68 pence) per 40p 'A' and 'C' ordinary share and 0.663 pence (H1 2023: 0.468 pence) per 4p 'B' ordinary share. This will be paid on 2 January 2024 to shareholders on the share register as at 15 December 2023.Reported Earnings • Nov 17First half 2024 earnings released: EPS: UK£0.18 (vs UK£0.13 in 1H 2023)First half 2024 results: EPS: UK£0.18 (up from UK£0.13 in 1H 2023). Revenue: UK£188.8m (up 12% from 1H 2023). Net income: UK£10.7m (up 32% from 1H 2023). Profit margin: 5.7% (up from 4.8% in 1H 2023). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany.お知らせ • Nov 15+ 2 more updatesFuller, Smith & Turner P.L.C. to Report Fiscal Year 2024 Results on Jun 13, 2024Fuller, Smith & Turner P.L.C. announced that they will report fiscal year 2024 results on Jun 13, 2024お知らせ • Aug 24Fuller, Smith & Turner P.L.C. to Report First Half, 2024 Results on Nov 15, 2023Fuller, Smith & Turner P.L.C. announced that they will report first half, 2024 results on Nov 15, 2023お知らせ • Jul 04Fuller, Smith & Turner P.L.C. Appoints Dawn Browne to the BoardFuller, Smith & Turner P.L.C. announced that, as previously disclosed on 15 June 2023, Dawn Browne, People & Talent Director, has been appointed to the board, effective 3 July 2023.お知らせ • Jun 28Fuller, Smith & Turner P.L.C., Annual General Meeting, Jul 20, 2023Fuller, Smith & Turner P.L.C., Annual General Meeting, Jul 20, 2023, at 10:00 Coordinated Universal Time. Location: The George IV, 185 Chiswick High Road W4 2DR London United Kingdom Agenda: To consider that the financial statements of the Company for the 53 weeks ended 1 April 2023 together with the reports of the Directors and of the Auditors thereon be received; to consider that the final dividend in respect of the 53 weeks ended 1 April 2023 of 10.0p per `A' and `C' ordinary share of 40 pence each and 1.0p per `B' ordinary share of 4 pence each be declared, such dividend to be payable on 27 July 2023 to holders of ordinary shares registered at the close of business on 7 July 2023; to consider that the Directors' Remuneration Report set out in the Annual Report and Accounts for 2023 be approved; to consider that Dawn Browne, who was appointed by the Board of Directors since the last AGM, be elected as a Director; to consider that Helen Jones, who was re-appointed by the Board of Directors since the last AGM, be re-elected as a Director; to consider that Robin Rowland, who is retiring by rotation, be re-elected as a Director; and to consider other matters.New Risk • Jun 17New major risk - Revenue and earnings growthEarnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (113% payout ratio). Large one-off items impacting financial results.Reported Earnings • Jun 16Full year 2023 earnings releasedFull year 2023 results: Revenue: UK£336.6m (up 33% from FY 2022). Net income: UK£7.90m (up 11% from FY 2022). Profit margin: 2.3% (down from 2.8% in FY 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Germany.お知らせ • Jun 15Fuller, Smith & Turner P.L.C. Announces Final Dividend on 40P A, B and C Ordinary Shares, Payable on July 27, 2023The Board of Fuller, Smith & Turner P.L.C. announced a final dividend of 10.0p (FY2022: 7.41p) per 40p 'A' and 'C' ordinary share and 1.0p (FY2022: 0.741p) per 4p 'B' ordinary share, representing a year-on-year increase of 35%. This will be paid on 27 July 2023 to shareholders on the share register as at 23 June 2023. The total dividend of 14.68p (FY2022: 11.31p) per 40p 'A' and 'C' ordinary share and 1.468p (FY2022: 1.131p) per 4p 'B' ordinary share represents a 30% year-on-year increase and continues return to a progressive dividend policy.お知らせ • Jan 24Fuller, Smith & Turner P.L.C. to Report Fiscal Year 2023 Results on Jun 15, 2023Fuller, Smith & Turner P.L.C. announced that they will report fiscal year 2023 results on Jun 15, 2023Upcoming Dividend • Dec 08Upcoming dividend of UK£0.047 per shareEligible shareholders must have bought the stock before 15 December 2022. Payment date: 03 January 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (2.1%).Reported Earnings • Nov 18First half 2023 earnings released: EPS: UK£0.13 (vs UK£0.058 in 1H 2022)First half 2023 results: EPS: UK£0.13 (up from UK£0.058 in 1H 2022). Revenue: UK£168.9m (up 45% from 1H 2022). Net income: UK£8.10m (up 131% from 1H 2022). Profit margin: 4.8% (up from 3.0% in 1H 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Robin Rowland was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Oct 11Non-Executive Director recently bought €109k worth of stockOn the 6th of October, Richard H. Fuller bought around 21k shares on-market at roughly €5.20 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €120k more in shares than they have sold in the last 12 months.Buying Opportunity • Sep 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be €6.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 31% per annum over the same time period.Buying Opportunity • Sep 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 9.3%. The fair value is estimated to be €7.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 31% per annum over the same time period.Upcoming Dividend • Jun 30Upcoming dividend of UK£0.074 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 27 July 2022. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.9%).Reported Earnings • Jun 10Full year 2022 earnings released: EPS: UK£0.12 (vs UK£0.87 loss in FY 2021)Full year 2022 results: EPS: UK£0.12 (up from UK£0.87 loss in FY 2021). Revenue: UK£253.8m (up 247% from FY 2021). Net income: UK£7.10m (up UK£55.3m from FY 2021). Profit margin: 2.8% (up from net loss in FY 2021). Total stores: 385 (up by 1 from FY 2021). Over the next year, revenue is forecast to grow 28%, compared to a 31% growth forecast for the restaurants industry in Germany.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Robin Rowland was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Buying Opportunity • Jan 21Now 21% undervaluedOver the last 90 days, the stock is up 9.8%. The fair value is estimated to be UK£10.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 36% per annum over the last 3 years. The company became loss making over the last 3 years.Reported Earnings • Nov 21First half 2022 earnings released: EPS UK£0.058 (vs UK£0.34 loss in 1H 2021)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: UK£116.3m (up 156% from 1H 2021). Net income: UK£3.50m (up UK£22.1m from 1H 2021). Profit margin: 3.0% (up from net loss in 1H 2021).Reported Earnings • Jul 09Full year 2021 earnings released: UK£0.87 loss per share (vs UK£0.018 loss in FY 2020)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: UK£73.2m (down 78% from FY 2020). Net loss: UK£48.2m (loss widened UK£47.2m from FY 2020).株主還元1ZJDE HospitalityDE 市場7D2.8%12.2%1.6%1Y2.1%27.7%2.2%株主還元を見る業界別リターン: 1ZJ過去 1 年間で27.7 % の収益を上げたGerman Hospitality業界を下回りました。リターン対市場: 1ZJは、過去 1 年間で2.2 % のリターンをもたらしたGermanマーケットと一致しました。価格変動Is 1ZJ's price volatile compared to industry and market?1ZJ volatility1ZJ Average Weekly Movement4.2%Hospitality Industry Average Movement6.7%Market Average Movement6.0%10% most volatile stocks in DE Market12.3%10% least volatile stocks in DE Market2.7%安定した株価: 1ZJ 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 1ZJの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト18455,330J. Emenywww.fullers.co.ukフラー・スミス・ターナーP L.C.は英国でパブやホテルを経営。マネージド・パブ＆ホテル部門とテナント・イン部門を運営している。また、テナント契約やリース契約に基づいて第三者が運営するパブ、ベル＆ザ・ドラゴン、コッツウォルズ・イン＆ホテル、マネージド・ハウス・サービスも運営している。フラー・スミス・ターナーP.L.C.は1845年に設立され、英国ロンドンに本拠を置く。もっと見るFuller, Smith & Turner P.L.C. 基礎のまとめFuller Smith & Turner の収益と売上を時価総額と比較するとどうか。1ZJ 基礎統計学時価総額€401.28m収益（TTM）€23.77m売上高(TTM)€449.60m17.2xPER（株価収益率0.9xP/Sレシオ1ZJ は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計1ZJ 損益計算書（TTM）収益UK£389.70m売上原価UK£264.80m売上総利益UK£124.90mその他の費用UK£104.30m収益UK£20.60m直近の収益報告Sep 27, 2025次回決算日Jun 10, 2026一株当たり利益（EPS）0.39グロス・マージン32.05%純利益率5.29%有利子負債／自己資本比率34.5%1ZJ の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.0%現在の配当利回り54%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/29 20:49終値2026/05/28 00:00収益2025/09/27年間収益2025/03/29データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Fuller, Smith & Turner P.L.C. 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関Robert ChantryBerenbergAnna BarnfatherCGS InternationalTimothy BarrettDeutsche Bank7 その他のアナリストを表示
Upcoming Dividend • Dec 04Upcoming dividend of UK£0.079 per shareEligible shareholders must have bought the stock before 11 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.2%).
Reported Earnings • Nov 17First half 2026 earnings released: EPS: UK£0.28 (vs UK£0.37 in 1H 2025)First half 2026 results: EPS: UK£0.28 (down from UK£0.37 in 1H 2025). Revenue: UK£207.5m (up 6.9% from 1H 2025). Net income: UK£15.2m (down 30% from 1H 2025). Profit margin: 7.3% (down from 11% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Nov 14First half dividend of UK£0.079 announcedShareholders will receive a dividend of UK£0.079. Ex-date: 11th December 2025 Payment date: 2nd January 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (486% earnings payout ratio). However, it is well covered by cash flows (30% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 440% to bring the payout ratio under control. EPS is expected to grow by 138% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Nov 12Fuller, Smith & Turner P.L.C. Announces Interim Dividend on A, B and C Ordinary Shares, Payable on 2 January 2026Fuller, Smith & Turner P.L.C. announced an interim dividend of 7.85 pence (H1 2025: 7.41 pence) per 40 pence 'A' and 'C' ordinary share and 0.785 pence (H1 2025: 0.741 pence) per 4 pence 'B' ordinary share. This will be paid on 2 January 2026 to shareholders on the share register as at 12 December 2025.
Buy Or Sell Opportunity • Jul 23Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 4.0% to €6.55. The fair value is estimated to be €5.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are forecast to decline by 0.6% per annum over the same time period.
Upcoming Dividend • Jun 27Upcoming dividend of UK£0.12 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 24 July 2025. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.9%).
Upcoming Dividend • Dec 04Upcoming dividend of UK£0.079 per shareEligible shareholders must have bought the stock before 11 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.2%).
Reported Earnings • Nov 17First half 2026 earnings released: EPS: UK£0.28 (vs UK£0.37 in 1H 2025)First half 2026 results: EPS: UK£0.28 (down from UK£0.37 in 1H 2025). Revenue: UK£207.5m (up 6.9% from 1H 2025). Net income: UK£15.2m (down 30% from 1H 2025). Profit margin: 7.3% (down from 11% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Nov 14First half dividend of UK£0.079 announcedShareholders will receive a dividend of UK£0.079. Ex-date: 11th December 2025 Payment date: 2nd January 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (486% earnings payout ratio). However, it is well covered by cash flows (30% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 440% to bring the payout ratio under control. EPS is expected to grow by 138% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Nov 12Fuller, Smith & Turner P.L.C. Announces Interim Dividend on A, B and C Ordinary Shares, Payable on 2 January 2026Fuller, Smith & Turner P.L.C. announced an interim dividend of 7.85 pence (H1 2025: 7.41 pence) per 40 pence 'A' and 'C' ordinary share and 0.785 pence (H1 2025: 0.741 pence) per 4 pence 'B' ordinary share. This will be paid on 2 January 2026 to shareholders on the share register as at 12 December 2025.
Buy Or Sell Opportunity • Jul 23Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 4.0% to €6.55. The fair value is estimated to be €5.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are forecast to decline by 0.6% per annum over the same time period.
Upcoming Dividend • Jun 27Upcoming dividend of UK£0.12 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 24 July 2025. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.9%).
Declared Dividend • Jun 13Final dividend of UK£0.12 announcedShareholders will receive a dividend of UK£0.12. Ex-date: 3rd July 2025 Payment date: 24th July 2025 Dividend yield will be 3.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (242% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.6% over the next 3 years. However, it would need to fall by 54% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Jun 12Full year 2025 earnings released: EPS: UK£0.47 (vs UK£0.15 in FY 2024)Full year 2025 results: EPS: UK£0.47 (up from UK£0.15 in FY 2024). Revenue: UK£376.3m (up 4.8% from FY 2024). Net income: UK£27.2m (up 199% from FY 2024). Profit margin: 7.2% (up from 2.5% in FY 2024). Same store sales growth: 5.2% vs FY 2024 Total stores: 338 (down by 32 from FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Jun 11+ 5 more updatesFuller, Smith & Turner P.L.C., Annual General Meeting, Jul 22, 2025Fuller, Smith & Turner P.L.C., Annual General Meeting, Jul 22, 2025.
お知らせ • Apr 01Fuller, Smith & Turner P.L.C. Announces Board ChangesFuller, Smith & Turner P.L.C., announced the following changes to the Board. Helen Jones, having served six years as an independent non-executive director and Chair of the Remuneration Committee, will retire from the Board with effect from 31 March 2025. Jane Bednall will join the Board as an independent non-executive director with effect from 1 April 2025. Jane will serve on the Audit & Risk Committee, Nominations Committee and Remuneration Committee, and will take on the role of Employee Engagement Director. Jane Bednall is an experienced non-executive director following a successful executive career in customer-led companies, including British Airways plc and Intercontinental Hotels Group plc, where she held senior leadership roles in marketing, brand, customer, digital and commercial. She is currently a Non-Executive Director overseeing AustralianSuper’s interests on the Board of the Kings Cross Central General Partnership, and was previously a Non-Executive Director at Enterprise Inns plc and DFS Furniture plc. Robin Rowland will be appointed as Chair of the Remuneration Committee with effect from 1 April 2025 to replace Helen Jones. Jane Bednall was a non-executive director of DFS Furniture plc from 1 January 2020 to 23 June 2023.
New Risk • Mar 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (91% cash payout ratio). Large one-off items impacting financial results.
New Risk • Jan 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Large one-off items impacting financial results.
Upcoming Dividend • Dec 05Upcoming dividend of UK£0.074 per shareEligible shareholders must have bought the stock before 12 December 2024. Payment date: 02 January 2025. Payout ratio is a comfortable 54% and the cash payout ratio is 89%. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (2.7%).
New Risk • Nov 19New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Dividend is not well covered by earnings (117% payout ratio). Large one-off items impacting financial results.
Declared Dividend • Nov 15First half dividend of UK£0.074 announcedShareholders will receive a dividend of UK£0.074. Ex-date: 12th December 2024 Payment date: 2nd January 2025 Dividend yield will be 2.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio). However, it is covered by cash flows (89.8% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control. EPS is expected to grow by 5.4% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Nov 14Fuller, Smith & Turner P.L.C. Announces Interim Dividend, Payable on 2 January 2025Fuller, Smith & Turner P.L.C. announced an interim dividend of 7.41 pence (H1 2024: 6.63 pence) per 40 pence 'A' and 'C' ordinary share and 0.741 pence (H1 2024: 0.663 pence) per 4 pence 'B' ordinary share. This will be paid on 2 January 2025 to shareholders on the share register as at 13 December 2024.
お知らせ • Aug 07Fuller, Smith & Turner P.L.C. (LSE:FSTA) acquired Lovely Pubs Ltd for £22.5 million.Fuller, Smith & Turner P.L.C. (LSE:FSTA) acquired Lovely Pubs Ltd for £22.5 million on August 6, 2024. The acquisition will be funded from existing banking facilities. Lovely Pubs Ltd will continue to operate as they are and its founders will continue to work with Fuller’s and all 260 team members will be retained with the acquisition. For the period ending December 31, 2023, Lovely Pubs Ltd reported EBITDA of £3.1 million. CBRE acted as advisors on the deal. Fuller, Smith & Turner P.L.C. (LSE:FSTA) completed the acqusition of Lovely Pubs Ltd on August 6, 2024.
New Risk • Jun 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Large one-off items impacting financial results.
Declared Dividend • Jun 16Final dividend of UK£0.11 announcedShareholders will receive a dividend of UK£0.11. Ex-date: 4th July 2024 Payment date: 25th July 2024 Dividend yield will be 2.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is well covered by cash flows (24% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.2% to bring the payout ratio under control. EPS is expected to grow by 5.3% over the next 3 years, which should be enough to bring the dividend into a sustainable range.
Reported Earnings • Jun 14Full year 2024 earnings releasedFull year 2024 results: Revenue: UK£359.1m (up 6.7% from FY 2023). Net income: UK£9.10m (up 15% from FY 2023). Profit margin: 2.5% (up from 2.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany.
お知らせ • May 30Admiral Taverns Limited agreed terms to acquire Portfolio of 37 pubs of Tenanted Inns Division of Fuller, Smith & Turner P.L.C. for £18.3 million.Admiral Taverns Limited agreed terms to acquire Portfolio of 37 pubs of Tenanted Inns Division of Fuller, Smith & Turner P.L.C. for £18.3 million on May 29, 2024. The proceeds from the sale will further strengthen the Fuller, Smith’s balance sheet, enabling additional investment in its pubs, as well as supporting future acquisition opportunities. Following completion, Fuller’s will have 154 pubs within its Tenanted Inns Division. As of March 30, 2024, the portfolio of 37 pubs generated £1.3 million of profit before tax. The transaction is expected to close on June 25, 2024. Sapient Corporate Finance acted as financial advisor to Fuller, Smith & Turner.
Upcoming Dividend • Dec 07Upcoming dividend of UK£0.066 per share at 2.4% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 02 January 2024. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (2.7%).
お知らせ • Nov 17Fuller, Smith & Turner P.L.C. Declares Interim Dividend, Payable on 2 January 2024Fuller, Smith & Turner P.L.C. announce an interim dividend of 6.63 pence (H1 2023: 4.68 pence) per 40p 'A' and 'C' ordinary share and 0.663 pence (H1 2023: 0.468 pence) per 4p 'B' ordinary share. This will be paid on 2 January 2024 to shareholders on the share register as at 15 December 2023.
Reported Earnings • Nov 17First half 2024 earnings released: EPS: UK£0.18 (vs UK£0.13 in 1H 2023)First half 2024 results: EPS: UK£0.18 (up from UK£0.13 in 1H 2023). Revenue: UK£188.8m (up 12% from 1H 2023). Net income: UK£10.7m (up 32% from 1H 2023). Profit margin: 5.7% (up from 4.8% in 1H 2023). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany.
お知らせ • Nov 15+ 2 more updatesFuller, Smith & Turner P.L.C. to Report Fiscal Year 2024 Results on Jun 13, 2024Fuller, Smith & Turner P.L.C. announced that they will report fiscal year 2024 results on Jun 13, 2024
お知らせ • Aug 24Fuller, Smith & Turner P.L.C. to Report First Half, 2024 Results on Nov 15, 2023Fuller, Smith & Turner P.L.C. announced that they will report first half, 2024 results on Nov 15, 2023
お知らせ • Jul 04Fuller, Smith & Turner P.L.C. Appoints Dawn Browne to the BoardFuller, Smith & Turner P.L.C. announced that, as previously disclosed on 15 June 2023, Dawn Browne, People & Talent Director, has been appointed to the board, effective 3 July 2023.
お知らせ • Jun 28Fuller, Smith & Turner P.L.C., Annual General Meeting, Jul 20, 2023Fuller, Smith & Turner P.L.C., Annual General Meeting, Jul 20, 2023, at 10:00 Coordinated Universal Time. Location: The George IV, 185 Chiswick High Road W4 2DR London United Kingdom Agenda: To consider that the financial statements of the Company for the 53 weeks ended 1 April 2023 together with the reports of the Directors and of the Auditors thereon be received; to consider that the final dividend in respect of the 53 weeks ended 1 April 2023 of 10.0p per `A' and `C' ordinary share of 40 pence each and 1.0p per `B' ordinary share of 4 pence each be declared, such dividend to be payable on 27 July 2023 to holders of ordinary shares registered at the close of business on 7 July 2023; to consider that the Directors' Remuneration Report set out in the Annual Report and Accounts for 2023 be approved; to consider that Dawn Browne, who was appointed by the Board of Directors since the last AGM, be elected as a Director; to consider that Helen Jones, who was re-appointed by the Board of Directors since the last AGM, be re-elected as a Director; to consider that Robin Rowland, who is retiring by rotation, be re-elected as a Director; and to consider other matters.
New Risk • Jun 17New major risk - Revenue and earnings growthEarnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (113% payout ratio). Large one-off items impacting financial results.
Reported Earnings • Jun 16Full year 2023 earnings releasedFull year 2023 results: Revenue: UK£336.6m (up 33% from FY 2022). Net income: UK£7.90m (up 11% from FY 2022). Profit margin: 2.3% (down from 2.8% in FY 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Germany.
お知らせ • Jun 15Fuller, Smith & Turner P.L.C. Announces Final Dividend on 40P A, B and C Ordinary Shares, Payable on July 27, 2023The Board of Fuller, Smith & Turner P.L.C. announced a final dividend of 10.0p (FY2022: 7.41p) per 40p 'A' and 'C' ordinary share and 1.0p (FY2022: 0.741p) per 4p 'B' ordinary share, representing a year-on-year increase of 35%. This will be paid on 27 July 2023 to shareholders on the share register as at 23 June 2023. The total dividend of 14.68p (FY2022: 11.31p) per 40p 'A' and 'C' ordinary share and 1.468p (FY2022: 1.131p) per 4p 'B' ordinary share represents a 30% year-on-year increase and continues return to a progressive dividend policy.
お知らせ • Jan 24Fuller, Smith & Turner P.L.C. to Report Fiscal Year 2023 Results on Jun 15, 2023Fuller, Smith & Turner P.L.C. announced that they will report fiscal year 2023 results on Jun 15, 2023
Upcoming Dividend • Dec 08Upcoming dividend of UK£0.047 per shareEligible shareholders must have bought the stock before 15 December 2022. Payment date: 03 January 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (2.1%).
Reported Earnings • Nov 18First half 2023 earnings released: EPS: UK£0.13 (vs UK£0.058 in 1H 2022)First half 2023 results: EPS: UK£0.13 (up from UK£0.058 in 1H 2022). Revenue: UK£168.9m (up 45% from 1H 2022). Net income: UK£8.10m (up 131% from 1H 2022). Profit margin: 4.8% (up from 3.0% in 1H 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Robin Rowland was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Oct 11Non-Executive Director recently bought €109k worth of stockOn the 6th of October, Richard H. Fuller bought around 21k shares on-market at roughly €5.20 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €120k more in shares than they have sold in the last 12 months.
Buying Opportunity • Sep 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be €6.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 31% per annum over the same time period.
Buying Opportunity • Sep 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 9.3%. The fair value is estimated to be €7.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 31% per annum over the same time period.
Upcoming Dividend • Jun 30Upcoming dividend of UK£0.074 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 27 July 2022. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.9%).
Reported Earnings • Jun 10Full year 2022 earnings released: EPS: UK£0.12 (vs UK£0.87 loss in FY 2021)Full year 2022 results: EPS: UK£0.12 (up from UK£0.87 loss in FY 2021). Revenue: UK£253.8m (up 247% from FY 2021). Net income: UK£7.10m (up UK£55.3m from FY 2021). Profit margin: 2.8% (up from net loss in FY 2021). Total stores: 385 (up by 1 from FY 2021). Over the next year, revenue is forecast to grow 28%, compared to a 31% growth forecast for the restaurants industry in Germany.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Robin Rowland was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Jan 21Now 21% undervaluedOver the last 90 days, the stock is up 9.8%. The fair value is estimated to be UK£10.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 36% per annum over the last 3 years. The company became loss making over the last 3 years.
Reported Earnings • Nov 21First half 2022 earnings released: EPS UK£0.058 (vs UK£0.34 loss in 1H 2021)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: UK£116.3m (up 156% from 1H 2021). Net income: UK£3.50m (up UK£22.1m from 1H 2021). Profit margin: 3.0% (up from net loss in 1H 2021).
Reported Earnings • Jul 09Full year 2021 earnings released: UK£0.87 loss per share (vs UK£0.018 loss in FY 2020)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: UK£73.2m (down 78% from FY 2020). Net loss: UK£48.2m (loss widened UK£47.2m from FY 2020).
