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CURY

Currys LSE:CURY Stock Report

Last Price

UK£0.63

Market Cap

UK£690.4m

7D

5.6%

1Y

-49.1%

Updated

05 Oct, 2022

Data

Company Financials +
CURY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends5/6

CURY Stock Overview

Currys Plc operates as a retailer of technology products and services.

Currys Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Currys
Historical stock prices
Current Share PriceUK£0.63
52 Week HighUK£1.43
52 Week LowUK£0.55
Beta1.29
1 Month Change-0.87%
3 Month Change-14.68%
1 Year Change-49.07%
3 Year Change-45.29%
5 Year Change-67.59%
Change since IPO-54.53%

Recent News & Updates

Sep 26
Currys (LON:CURY) Has Some Difficulty Using Its Capital Effectively

Currys (LON:CURY) Has Some Difficulty Using Its Capital Effectively

To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...

Aug 24
Should You Investigate Currys plc (LON:CURY) At UK£0.60?

Should You Investigate Currys plc (LON:CURY) At UK£0.60?

Currys plc ( LON:CURY ), is not the largest company out there, but it received a lot of attention from a substantial...

Shareholder Returns

CURYGB Specialty RetailGB Market
7D5.6%-0.3%0.8%
1Y-49.1%-30.9%-12.6%

Return vs Industry: CURY underperformed the UK Specialty Retail industry which returned -31.5% over the past year.

Return vs Market: CURY underperformed the UK Market which returned -13% over the past year.

Price Volatility

Is CURY's price volatile compared to industry and market?
CURY volatility
CURY Average Weekly Movement7.4%
Specialty Retail Industry Average Movement6.4%
Market Average Movement5.6%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.9%

Stable Share Price: CURY is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CURY's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
188431,717Alex Baldockhttps://www.currysplc.com

Currys Plc operates as a retailer of technology products and services. The company operates through UK & Ireland, Nordics, and Greece segments. It offers consumer electronics and mobile technology products and services; and mobile virtual network operator and consumer electrical repair services.

Currys Fundamentals Summary

How do Currys's earnings and revenue compare to its market cap?
CURY fundamental statistics
Market CapUK£690.42m
Earnings (TTM)UK£71.00m
Revenue (TTM)UK£10.14b

9.7x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CURY income statement (TTM)
RevenueUK£10.14b
Cost of RevenueUK£8.36b
Gross ProfitUK£1.79b
Other ExpensesUK£1.72b
EarningsUK£71.00m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

Dec 15, 2022

Earnings per share (EPS)0.065
Gross Margin17.63%
Net Profit Margin0.70%
Debt/Equity Ratio3.3%

How did CURY perform over the long term?

See historical performance and comparison

Dividends

6.9%

Current Dividend Yield

50%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

CURY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA6.4x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

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

CURY PE Ratio vs 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.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.8x
PDG Pendragon
6x-4.4%UK£378.4m
WIX Wickes Group
6.3x13.6%UK£326.1m
HFD Halfords Group
4.5x-5.5%UK£349.5m
PETS Pets at Home Group
10.6x2.0%UK£1.3b
CURY Currys
9.7x19.3%UK£690.4m

Price-To-Earnings vs Peers: CURY is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (6.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: CURY is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the UK Specialty Retail industry average (7.1x)


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 Ratio9.7x
Fair PE Ratio17.7x

Price-To-Earnings vs Fair Ratio: CURY is good value based on its Price-To-Earnings Ratio (9.7x) compared to the estimated Fair Price-To-Earnings Ratio (17.7x).


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 (£0.63) is trading above our estimate of fair value (£0.52)

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


Analyst Price Targets

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

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.


Discover undervalued companies

Future Growth

How is Currys forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CURY's forecast earnings growth (19.3% per year) is above the savings rate (0.9%).

Earnings vs Market: CURY's earnings (19.3% per year) are forecast to grow faster than the UK market (8.8% per year).

High Growth Earnings: CURY's earnings are forecast to grow, but not significantly.

Revenue vs Market: CURY's revenue (0.08% per year) is forecast to grow slower than the UK market (4.4% per year).

High Growth Revenue: CURY's revenue (0.08% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CURY's Return on Equity is forecast to be low in 3 years time (6.1%).


Discover growth companies

Past Performance

How has Currys performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-31.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CURY has high quality earnings.

Growing Profit Margin: CURY became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CURY's earnings have declined by 31.4% per year over the past 5 years.

Accelerating Growth: CURY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CURY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (32%).


Return on Equity

High ROE: CURY's Return on Equity (2.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Currys's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CURY's short term assets (£2.1B) do not cover its short term liabilities (£2.7B).

Long Term Liabilities: CURY's short term assets (£2.1B) exceed its long term liabilities (£1.7B).


Debt to Equity History and Analysis

Debt Level: CURY has more cash than its total debt.

Reducing Debt: CURY's debt to equity ratio has reduced from 12.8% to 3.3% over the past 5 years.

Debt Coverage: CURY's debt is well covered by operating cash flow (522%).

Interest Coverage: CURY's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


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Dividend

What is Currys's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.85%

Current Dividend Yield

Dividend Yield vs Market

Currys Dividend Yield vs Market
How does Currys dividend yield compare to the market?
SegmentDividend Yield
Company (Currys)6.9%
Market Bottom 25% (GB)2.1%
Market Top 25% (GB)6.0%
Industry Average (Specialty Retail)3.5%
Analyst forecast in 3 Years (Currys)5.5%

Notable Dividend: CURY's dividend (6.85%) is higher than the bottom 25% of dividend payers in the UK market (2.05%).

High Dividend: CURY's dividend (6.85%) is in the top 25% of dividend payers in the UK market (5.92%)


Stability and Growth of Payments

Stable Dividend: CURY's dividend payments have been volatile in the past 10 years.

Growing Dividend: CURY's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50.1%), CURY's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (16%), CURY's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.3yrs

Average management tenure


CEO

Alex Baldock (51 yo)

4.5yrs

Tenure

UK£2,611,000

Compensation

Mr. Alex Baldock has been Independent Non-Executive Director at RS Group plc (formerly known as Electrocomponents plc) since September 01, 2021. He has been a Group Chief Executive Officer and Executive Di...


CEO Compensation Analysis

Alex Baldock's Compensation vs Currys Earnings
How has Alex Baldock's remuneration changed compared to Currys's earnings?
DateTotal Comp.SalaryCompany Earnings
Apr 30 2022UK£3mUK£877k

UK£71m

Oct 30 2021n/an/a

UK£25m

Jul 30 2021n/an/a

UK£13m

May 01 2021UK£3mUK£843k

UK£0

Oct 31 2020n/an/a

-UK£74m

Jul 31 2020n/an/a

-UK£117m

May 02 2020UK£1mUK£850k

-UK£161m

Feb 02 2020n/an/a

-UK£41m

Oct 26 2019n/an/a

UK£79m

Jul 26 2019n/an/a

-UK£116m

Apr 27 2019UK£2mUK£850k

-UK£311m

Jan 27 2019n/an/a

-UK£293m

Oct 27 2018n/an/a

-UK£276m

Jul 27 2018n/an/a

-UK£20m

Apr 28 2018UK£932kUK£67k

UK£236m

Compensation vs Market: Alex's total compensation ($USD2.94M) is above average for companies of similar size in the UK market ($USD1.42M).

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


Leadership Team

Experienced Management: CURY's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: CURY's board of directors are considered experienced (5 years average tenure).


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.


Ownership Breakdown

What is the ownership structure of CURY?
Owner TypeNumber of SharesOwnership Percentage
Public Companies653,0100.06%
Private Companies4,172,0920.4%
Employee Share Scheme33,735,3513.1%
Individual Insiders52,022,8004.7%
General Public54,427,7214.9%
Institutions955,267,73786.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 83.98% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
14.03%
RWC Partners Limited
154,377,404£96.9m13.28%1.01%
8.25%
Artemis Investment Management LLP
90,769,056£57.0m1.07%0.27%
8.25%
Cobas Asset Management, SGIIC, SA
90,735,430£56.9m31.23%5.86%
6.93%
UBS Asset Management
76,274,739£47.9m1.15%0.01%
6.39%
Schroder Investment Management Limited
70,321,596£44.1m691.37%0.04%
4.59%
Wishbone Management, LP
50,500,000£31.7m12.63%6.3%
4.53%
David Peter Ross
49,810,004£31.3m-10.64%no data
4.24%
The Vanguard Group, Inc.
46,677,227£29.3m1.34%no data
3.07%
Dimensional Fund Advisors LP
33,805,002£21.2m-4.72%0.01%
3.07%
Dixons Carphone Plc, ESOP
33,735,351£21.2m-1.72%100%
3.02%
Ruffer LLP
33,222,340£20.8m-36.57%0.23%
2.99%
Legal & General Investment Management Limited
32,882,833£20.6m6.98%0.01%
2.91%
Liontrust Portfolio Management Limited
32,000,670£20.1m-29.44%0.48%
2.29%
BlackRock, Inc.
25,239,618£15.8m-26.19%no data
1.86%
J O Hambro Capital Management Limited
20,466,776£12.8m-29.9%0.08%
1.47%
Norges Bank Investment Management
16,207,958£10.2m-10.39%no data
0.89%
Odey Asset Management LLP
9,797,022£6.1m-9.11%0.33%
0.83%
State Street Global Advisors, Inc.
9,167,943£5.8m-3.28%no data
0.71%
Charles Schwab Investment Management, Inc.
7,771,894£4.9m-0.82%no data
0.66%
LSV Asset Management
7,283,963£4.6m0%0.01%
0.65%
M&G Investment Management Limited
7,144,626£4.5m-60.26%0.01%
0.63%
N.F.U. Mutual Unit Managers Limited
6,985,237£4.4m-3.72%0.12%
0.58%
Janus Henderson Group plc
6,345,918£4.0m-11.11%no data
0.57%
Ignis Investment Services Limited
6,290,864£3.9m2.86%0.02%
0.56%
HSBC Global Asset Management (UK) Limited
6,205,033£3.9m-34.75%no data

Company Information

Currys plc's employee growth, exchange listings and data sources


Key Information

  • Name: Currys plc
  • Ticker: CURY
  • Exchange: LSE
  • Founded: 1884
  • Industry: Computer and Electronics Retail
  • Sector: Retail
  • Implied Market Cap: UK£690.425m
  • Shares outstanding: 1.10b
  • Website: https://www.currysplc.com

Number of Employees


Location

  • Currys plc
  • 1 Portal Way
  • London
  • Greater London
  • W3 6RS
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CURYLSE (London Stock Exchange)YesOrdinary SharesGBGBPMar 2010
CWBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2010

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 00:00
Earnings2022/04/30
Annual Earnings2022/04/30


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.