SSP Group plc

LSE:SSPG Stock Report

Market Cap: UK£1.4b

SSP Group Valuation

Is SSPG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SSPG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SSPG (£1.79) is trading above our estimate of fair value (£1.76)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SSPG?

Key metric: As SSPG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SSPG. This is calculated by dividing SSPG's market cap by their current earnings.
What is SSPG's PE Ratio?
PE Ratio52.1x
EarningsUK£27.40m
Market CapUK£1.43b

Price to Earnings Ratio vs Peers

How does SSPG's PE Ratio compare to its peers?

The above table shows the PE ratio for SSPG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
MAB Mitchells & Butlers
9.8x7.0%UK£1.5b
DOM Domino's Pizza Group
16x5.8%UK£1.2b
JDW J D Wetherspoon
14.9x12.1%UK£726.0m
GRG Greggs
20.5x6.0%UK£2.8b
SSPG SSP Group
52.1x36.3%UK£1.4b

Price-To-Earnings vs Peers: SSPG is expensive based on its Price-To-Earnings Ratio (52.1x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

How does SSPG's PE Ratio compare vs other companies in the GB Hospitality Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TAST Tasty
0.4x-75.9%US$2.36m
No more companies available in this PE range
SSPG 52.1xIndustry Avg. 20.3xNo. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SSPG is expensive based on its Price-To-Earnings Ratio (52.1x) compared to the UK Hospitality industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is SSPG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SSPG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio52.1x
Fair PE Ratio32.4x

Price-To-Earnings vs Fair Ratio: SSPG is expensive based on its Price-To-Earnings Ratio (52.1x) compared to the estimated Fair Price-To-Earnings Ratio (32.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SSPG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.79
UK£2.51
+39.9%
19.9%UK£3.30UK£1.75n/a15
Dec ’25UK£1.60
UK£2.49
+55.6%
21.1%UK£3.30UK£1.60n/a15
Nov ’25UK£1.62
UK£2.64
+62.8%
22.7%UK£3.50UK£1.60n/a15
Oct ’25UK£1.57
UK£2.70
+71.8%
21.6%UK£3.50UK£1.60n/a16
Sep ’25UK£1.70
UK£2.78
+63.6%
19.8%UK£3.50UK£1.60n/a16
Aug ’25UK£1.74
UK£2.81
+61.4%
19.3%UK£3.50UK£1.60n/a16
Jul ’25UK£1.45
UK£2.79
+92.4%
19.1%UK£3.50UK£1.60n/a16
Jun ’25UK£1.66
UK£2.92
+75.3%
12.0%UK£3.50UK£2.25n/a16
May ’25UK£1.95
UK£2.96
+52.3%
11.4%UK£3.50UK£2.25n/a16
Apr ’25UK£2.19
UK£3.03
+38.4%
9.2%UK£3.50UK£2.55n/a16
Mar ’25UK£2.20
UK£3.03
+38.2%
9.2%UK£3.50UK£2.55n/a16
Feb ’25UK£2.24
UK£3.04
+35.7%
9.0%UK£3.50UK£2.60n/a16
Jan ’25UK£2.35
UK£3.04
+29.6%
8.8%UK£3.50UK£2.60n/a16
Dec ’24UK£2.12
UK£3.06
+44.3%
10.2%UK£3.60UK£2.45UK£1.6016
Nov ’24UK£1.85
UK£3.07
+65.9%
10.5%UK£3.60UK£2.45UK£1.6216
Oct ’24UK£2.03
UK£3.08
+52.3%
10.9%UK£3.60UK£2.45UK£1.5717
Sep ’24UK£2.33
UK£3.21
+37.8%
11.3%UK£4.00UK£2.60UK£1.7018
Aug ’24UK£2.43
UK£3.21
+32.3%
11.3%UK£4.00UK£2.60UK£1.7418
Jul ’24UK£2.51
UK£3.21
+28.1%
11.3%UK£4.00UK£2.60UK£1.4518
Jun ’24UK£2.69
UK£3.16
+17.6%
11.0%UK£4.00UK£2.60UK£1.6619
May ’24UK£2.58
UK£3.11
+20.6%
11.5%UK£4.00UK£2.40UK£1.9519
Apr ’24UK£2.46
UK£3.12
+26.8%
11.6%UK£4.00UK£2.40UK£2.1918
Mar ’24UK£2.55
UK£3.11
+22.1%
11.5%UK£4.00UK£2.40UK£2.2019
Feb ’24UK£2.66
UK£3.09
+16.2%
12.3%UK£4.00UK£2.40UK£2.2419
Jan ’24UK£2.29
UK£3.06
+33.8%
13.3%UK£4.00UK£2.45UK£2.3518
Dec ’23UK£2.10
UK£2.99
+42.3%
11.0%UK£3.50UK£2.45UK£2.1217

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 03:21
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

SSP Group plc is covered by 34 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James Rowland ClarkBarclays
Patrick CoffeyBarclays
Stuart GordonBerenberg