Currys plc

LSE:CURY Stock Report

Market Cap: UK£853.7m

Currys Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 CURY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CURY (£0.78) is trading below our estimate of fair value (£1.99)

Significantly Below Fair Value: CURY is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CURY. This is calculated by dividing CURY's market cap by their current earnings.
What is CURY's PE Ratio?
PE Ratio31.6x
EarningsUK£27.00m
Market CapUK£853.74m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CURY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21x
AO. AO World
24.4x10.8%UK£601.9m
MOON Moonpig Group
24.9x19.2%UK£849.2m
PETS Pets at Home Group
16.1x14.3%UK£1.3b
WOSG Watches of Switzerland Group
18.7x19.6%UK£1.1b
CURY Currys
31.6x21.3%UK£853.7m

Price-To-Earnings vs Peers: CURY is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the peer average (21x).

Price to Earnings Ratio vs Industry

How does CURY's PE Ratio compare vs other companies in the GB Specialty Retail Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
WRKS TheWorks.co.uk
2.2xn/aUS$17.60m
No more companies available in this PE range
CURY 31.6xIndustry Avg. 16.1xNo. of Companies6PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CURY is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the UK Specialty Retail industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is CURY'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.

CURY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.6x
Fair PE Ratio19.1x

Price-To-Earnings vs Fair Ratio: CURY is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the estimated Fair Price-To-Earnings Ratio (19.1x).

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 CURY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.78
UK£1.02
+30.7%
19.6%UK£1.35UK£0.65n/a9
Nov ’25UK£0.83
UK£1.02
+23.5%
19.6%UK£1.35UK£0.65n/a9
Oct ’25UK£0.87
UK£1.01
+15.8%
22.1%UK£1.35UK£0.65n/a8
Sep ’25UK£0.79
UK£0.96
+21.6%
21.4%UK£1.35UK£0.65n/a8
Aug ’25UK£0.82
UK£0.96
+17.6%
21.4%UK£1.35UK£0.65n/a8
Jul ’25UK£0.75
UK£0.94
+25.8%
23.8%UK£1.35UK£0.65n/a8
Jun ’25UK£0.78
UK£0.89
+15.0%
26.8%UK£1.35UK£0.49n/a9
May ’25UK£0.62
UK£0.76
+22.8%
33.1%UK£1.35UK£0.49n/a8
Apr ’25UK£0.61
UK£0.75
+23.5%
35.3%UK£1.35UK£0.47n/a8
Mar ’25UK£0.66
UK£0.64
-3.9%
19.7%UK£0.78UK£0.47n/a7
Feb ’25UK£0.48
UK£0.75
+56.6%
38.8%UK£1.35UK£0.47n/a9
Jan ’25UK£0.51
UK£0.74
+47.2%
39.5%UK£1.35UK£0.45n/a9
Dec ’24UK£0.45
UK£0.71
+58.6%
43.4%UK£1.35UK£0.45n/a8
Nov ’24UK£0.45
UK£0.73
+62.4%
40.8%UK£1.35UK£0.45UK£0.839
Oct ’24UK£0.48
UK£0.70
+45.0%
42.0%UK£1.35UK£0.45UK£0.8710
Sep ’24UK£0.50
UK£0.70
+39.0%
42.4%UK£1.35UK£0.45UK£0.7910
Aug ’24UK£0.53
UK£0.70
+32.1%
42.4%UK£1.35UK£0.45UK£0.8210
Jul ’24UK£0.52
UK£0.75
+42.5%
36.2%UK£1.35UK£0.45UK£0.7510
Jun ’24UK£0.51
UK£0.76
+49.6%
34.4%UK£1.35UK£0.45UK£0.7810
May ’24UK£0.57
UK£0.79
+38.8%
37.3%UK£1.35UK£0.45UK£0.6210
Apr ’24UK£0.59
UK£0.79
+34.6%
37.3%UK£1.35UK£0.45UK£0.6110
Mar ’24UK£0.80
UK£0.80
-0.6%
37.2%UK£1.35UK£0.45UK£0.6610
Feb ’24UK£0.70
UK£0.77
+10.5%
41.3%UK£1.35UK£0.45UK£0.4810
Jan ’24UK£0.54
UK£0.73
+36.2%
41.4%UK£1.35UK£0.45UK£0.5111
Dec ’23UK£0.76
UK£0.88
+15.6%
40.4%UK£1.50UK£0.50UK£0.4511
Nov ’23UK£0.65
UK£0.88
+34.8%
40.4%UK£1.50UK£0.50UK£0.4511

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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