LSE:FSTA

Stock Analysis Report

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Market Cap

UK£514.5m

Last Updated

2021/07/31 18:12 UTC

Data Sources

Company Financials +

Executive Summary

Fuller, Smith & Turner P.L.C. operates managed pubs and hotels in the United Kingdom and internationally. More Details


Snowflake Analysis

High growth potential and overvalued.


Similar Companies

Share Price & News

How has Fuller Smith & Turner's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FSTA is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: FSTA's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of UK stocks.


Market Performance


7 Day Return

4.7%

FSTA

1.4%

GB Hospitality

0.3%

GB Market


1 Year Return

42.7%

FSTA

61.2%

GB Hospitality

22.5%

GB Market

Return vs Industry: FSTA underperformed the UK Hospitality industry which returned 61.2% over the past year.

Return vs Market: FSTA exceeded the UK Market which returned 22.4% over the past year.


Shareholder returns

FSTAIndustryMarket
7 Day4.7%1.4%0.3%
30 Day0.5%-2.8%-0.7%
90 Day-5.4%-3.8%1.5%
1 Year42.7%42.7%61.5%61.2%27.8%22.5%
3 Year1.2%-11.9%9.0%1.6%13.3%0.9%
5 Year-2.6%-18.5%24.1%6.7%39.6%13.2%

Long-Term Price Volatility Vs. Market

How volatile is Fuller Smith & Turner's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fuller Smith & Turner undervalued compared to its fair value and its price relative to the market?

1.22x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: FSTA (£8.42) is trading above our estimate of fair value (£5.89)

Significantly Below Fair Value: FSTA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FSTA is unprofitable, so we can't compare its PE Ratio to the UK Hospitality industry average.

PE vs Market: FSTA is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FSTA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FSTA is good value based on its PB Ratio (1.2x) compared to the GB Hospitality industry average (2.4x).


Future Growth

How is Fuller Smith & Turner forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

95.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSTA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

Earnings vs Market: FSTA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FSTA's is expected to become profitable in the next 3 years.

Revenue vs Market: FSTA's revenue (35% per year) is forecast to grow faster than the UK market (4.7% per year).

High Growth Revenue: FSTA's revenue (35% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FSTA's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Fuller Smith & Turner performed over the past 5 years?

-53.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FSTA is currently unprofitable.

Growing Profit Margin: FSTA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FSTA is unprofitable, and losses have increased over the past 5 years at a rate of 53.7% per year.

Accelerating Growth: Unable to compare FSTA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FSTA is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (6.1%).


Return on Equity

High ROE: FSTA has a negative Return on Equity (-12.7%), as it is currently unprofitable.


Financial Health

How is Fuller Smith & Turner's financial position?


Financial Position Analysis

Short Term Liabilities: FSTA's short term assets (£44.3M) do not cover its short term liabilities (£247.1M).

Long Term Liabilities: FSTA's short term assets (£44.3M) do not cover its long term liabilities (£120.2M).


Debt to Equity History and Analysis

Debt Level: FSTA's debt to equity ratio (62.2%) is considered high.

Reducing Debt: FSTA's debt to equity ratio has reduced from 69.1% to 62.2% over the past 5 years.

Debt Coverage: FSTA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if FSTA's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Fuller Smith & Turner current dividend yield, its reliability and sustainability?

1.42%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FSTA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FSTA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FSTA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FSTA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: FSTA is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FSTA's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

J. Emeny (55 yo)

8yrs

Tenure

UK£600,000

Compensation

Mr. J. Simon Emeny has been the Chief Executive Officer of Fuller Smith & Turner Plc since July 1, 2013 and served as its Group Managing Director since November 1, 2010. Mr. Emeny served as the Managing Di...


CEO Compensation Analysis

Compensation vs Market: J.'s total compensation ($USD834.36K) is about average for companies of similar size in the UK market ($USD976.57K).

Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FSTA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: FSTA's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.8%.


Top Shareholders

Company Information

Fuller, Smith & Turner P.L.C.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fuller, Smith & Turner P.L.C.
  • Ticker: FSTA
  • Exchange: LSE
  • Founded: 1845
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: UK£514.544m
  • Shares outstanding: 61.11m
  • Website: https://www.fullers.co.uk

Number of Employees


Location

  • Fuller, Smith & Turner P.L.C.
  • The Griffin Brewery
  • Chiswick Lane South
  • London
  • Greater London
  • W4 2QB
  • United Kingdom

Listings


Biography

Fuller, Smith & Turner P.L.C. operates managed pubs and hotels in the United Kingdom and internationally. It operates in three segments: Managed Pubs and Hotels, Tenanted Inns, and The Fuller’s Beer Compan...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 18:12
End of Day Share Price2021/07/30 00:00
Earnings2021/03/27
Annual Earnings2021/03/27


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.