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Frasers Group

BATS-CHIXE:SPDL
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPDL
BATS-CHIXE
£2B
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

Frasers Group plc, together with its subsidiaries, retails sports and leisure clothing, footwear, equipment, and apparel through department stores, shops, and online in the United Kingdom and internationally. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
  • Frasers Group has significant price volatility in the past 3 months.
SPDL Share Price and Events
7 Day Returns
-4.8%
BATS-CHIXE:SPDL
-0.1%
GB Specialty Retail
0.8%
GB Market
1 Year Returns
90.5%
BATS-CHIXE:SPDL
43.3%
GB Specialty Retail
16.6%
GB Market
SPDL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Frasers Group (SPDL) -4.8% 33% 62.9% 90.5% 63.5% -37.4%
GB Specialty Retail -0.1% 12.3% 17.9% 43.3% 3.8% -1.1%
GB Market 0.8% 5.1% 6.5% 16.6% 8.7% 10.5%
1 Year Return vs Industry and Market
  • SPDL outperformed the Specialty Retail industry which returned 43.3% over the past year.
  • SPDL outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 16.6% over the past year.
Price Volatility
SPDL
Industry
5yr Volatility vs Market

SPDL Value

 Is Frasers Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Frasers Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Frasers Group.

BATS-CHIXE:SPDL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:SPDL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.845 (1 + (1- 19%) (52.5%))
1.137
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.137 * 6.07%)
7.43%

Discounted Cash Flow Calculation for BATS-CHIXE:SPDL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Frasers Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BATS-CHIXE:SPDL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.43%)
2020 -28.50 Analyst x2 -26.53
2021 56.00 Analyst x2 48.52
2022 92.50 Analyst x2 74.60
2023 136.00 Analyst x1 102.09
2024 147.00 Analyst x1 102.72
2025 154.58 Est @ 5.15% 100.54
2026 160.40 Est @ 3.77% 97.11
2027 164.89 Est @ 2.8% 92.92
2028 168.38 Est @ 2.12% 88.32
2029 171.14 Est @ 1.64% 83.56
Present value of next 10 years cash flows £763.00
BATS-CHIXE:SPDL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £171.14 × (1 + 0.53%) ÷ (7.43% – 0.53%)
£2,492.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £2,492.56 ÷ (1 + 7.43%)10
£1,217.02
BATS-CHIXE:SPDL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £763.00 + £1,217.02
£1,980.02
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,980.02 / 504.26
£3.93
BATS-CHIXE:SPDL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:SPDL represents 0.94663x of LSE:FRAS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94663x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 3.93 x 0.94663
£3.72
Value per share (GBP) From above. £3.72
Current discount Discount to share price of £4.47
= -1 x (£4.47 - £3.72) / £3.72
-20.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Frasers Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Frasers Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Frasers Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:SPDL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-27) in GBP £0.25
LSE:FRAS Share Price ** LSE (2019-12-18) in GBP £4.72
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PE Ratio Median Figure of 24 Publicly-Listed Specialty Retail Companies 15.92x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 18.01x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Frasers Group.

BATS-CHIXE:SPDL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:FRAS Share Price ÷ EPS (both in GBP)

= 4.72 ÷ 0.25

18.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Frasers Group is overvalued based on earnings compared to the GB Specialty Retail industry average.
  • Frasers Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Frasers Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:SPDL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-15.4%per year
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PEG Ratio Median Figure of 18 Publicly-Listed Specialty Retail Companies 1.75x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:SPDL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.94x ÷ -15.4%

-1.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Frasers Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Frasers Group's assets?
Raw Data
BATS-CHIXE:SPDL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-27) in GBP £2.46
LSE:FRAS Share Price * LSE (2019-12-18) in GBP £4.72
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PB Ratio Median Figure of 35 Publicly-Listed Specialty Retail Companies 1.27x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,312 Publicly-Listed Companies 1.57x
BATS-CHIXE:SPDL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:FRAS Share Price ÷ Book Value per Share (both in GBP)

= 4.72 ÷ 2.46

1.92x

* Primary Listing of Frasers Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Frasers Group is overvalued based on assets compared to the GB Specialty Retail industry average.
X
Value checks
We assess Frasers Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Frasers Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SPDL Future Performance

 How is Frasers Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-15.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Frasers Group expected to grow at an attractive rate?
  • Frasers Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Frasers Group's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Frasers Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:SPDL Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:SPDL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -15.4%
BATS-CHIXE:SPDL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.9%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 16.6%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:SPDL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:SPDL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-04-30 5,090 1
2023-04-30 4,942 1
2022-04-30 4,349 439 88 3
2021-04-30 4,173 415 115 4
2020-04-30 4,229 357 139 3
2019-12-24
BATS-CHIXE:SPDL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-10-27 3,954 425 128
2019-07-27 3,828 349 120
2019-04-28 3,702 273 112
2019-01-28 3,569 313 76
2018-10-28 3,437 352 39
2018-07-28 3,398 339 30
2018-04-29 3,360 326 20
2018-01-29 3,341 225 94
2017-10-29 3,322 130 164
2017-07-29 3,284 194 197
2017-04-30 3,245 257 230
2017-01-31 3,177 208 227

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Frasers Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Frasers Group's revenue is expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:SPDL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Frasers Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:SPDL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-04-30
2023-04-30
2022-04-30 0.25 0.32 0.17 2.00
2021-04-30 0.26 0.30 0.23 2.00
2020-04-30 0.27 0.27 0.26 2.00
2019-12-24
BATS-CHIXE:SPDL Past Financials Data
Date (Data in GBP Millions) EPS *
2019-10-27 0.25
2019-07-27 0.23
2019-04-28 0.22
2019-01-28 0.15
2018-10-28 0.08
2018-07-28 0.06
2018-04-29 0.04
2018-01-29 0.17
2017-10-29 0.30
2017-07-29 0.35
2017-04-30 0.39
2017-01-31 0.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Frasers Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Frasers Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Frasers Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SPDL Past Performance

  How has Frasers Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Frasers Group's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Frasers Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Frasers Group's 1-year earnings growth exceeds its 5-year average (227.9% vs -24%)
  • Frasers Group's earnings growth has exceeded the GB Specialty Retail industry average in the past year (227.9% vs 2.9%).
Earnings and Revenue History
Frasers Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Frasers Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:SPDL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-27 3,953.60 128.20 1,579.60
2019-07-27 3,827.75 120.10 1,496.20
2019-04-28 3,701.90 112.00 1,412.80
2019-01-28 3,569.30 75.60 1,341.55
2018-10-28 3,436.70 39.20 1,270.30
2018-07-28 3,398.10 29.65 1,219.15
2018-04-29 3,359.50 20.10 1,168.00
2018-01-29 3,340.85 94.00 1,189.95
2017-10-29 3,322.20 163.50 1,228.40
2017-07-29 3,283.75 196.70 1,238.50
2017-04-30 3,245.30 229.90 1,248.60
2017-01-31 3,176.82 227.14 1,172.83
2016-10-23 3,108.33 224.38 1,097.06
2016-07-23 3,006.32 250.89 1,055.23
2016-04-24 2,904.30 277.40 1,013.40
2016-01-24 2,868.82 274.30 982.26
2015-10-25 2,833.33 271.19 951.12
2015-07-25 2,832.95 255.79 944.78
2015-04-26 2,832.56 240.40 938.44
2015-01-26 2,813.16 213.86 940.30
2014-10-26 2,793.75 187.32 942.15
2014-07-26 2,749.86 183.78 922.35
2014-04-27 2,705.96 180.25 902.56
2014-01-27 2,573.85 174.00 853.53
2013-10-27 2,441.74 167.75 804.51
2013-07-27 2,313.66 159.67 744.95
2013-04-28 2,185.58 151.60 685.40
2013-01-28 2,110.82 138.95 664.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Frasers Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Frasers Group used its assets less efficiently than the GB Specialty Retail industry average last year based on Return on Assets.
  • Frasers Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Frasers Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Frasers Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SPDL Health

 How is Frasers Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Frasers Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Frasers Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Frasers Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Frasers Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Frasers Group Company Filings, last reported 1 month ago.

BATS-CHIXE:SPDL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-27 1,262.00 580.40 326.00
2019-07-27 1,262.00 580.40 326.00
2019-04-28 1,252.40 820.00 448.00
2019-01-28 1,252.40 820.00 448.00
2018-10-28 1,324.70 687.00 181.50
2018-07-28 1,324.70 687.00 181.50
2018-04-29 1,196.00 750.00 360.00
2018-01-29 1,214.20 757.10 360.00
2017-10-29 1,273.90 593.10 121.40
2017-07-29 1,273.90 593.10 121.40
2017-04-30 1,238.30 386.80 204.70
2017-01-31 1,238.30 386.80 204.70
2016-10-23 1,335.01 259.96 187.98
2016-07-23 1,335.01 259.96 187.98
2016-04-24 1,384.70 333.90 234.20
2016-01-24 1,384.70 333.90 234.20
2015-10-25 1,290.33 183.63 163.31
2015-07-25 1,290.33 183.63 163.31
2015-04-26 1,161.55 138.05 78.32
2015-01-26 1,161.55 138.05 78.32
2014-10-26 981.04 292.55 106.10
2014-07-26 981.04 292.55 106.10
2014-04-27 817.55 362.99 151.02
2014-01-27 817.55 362.99 151.02
2013-10-27 746.79 347.79 164.51
2013-07-27 746.79 347.79 164.51
2013-04-28 644.68 301.38 147.38
2013-01-28 644.68 301.38 147.38
  • Frasers Group's level of debt (46%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (26.3% vs 46% today).
  • Debt is well covered by operating cash flow (73.2%, greater than 20% of total debt).
  • Frasers Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Frasers Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Frasers Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SPDL Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Frasers Group dividends. Estimated to be 0% next year.
If you bought £2,000 of Frasers Group shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Frasers Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Frasers Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:SPDL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.6%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 677 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:SPDL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-04-30
2023-04-30
2022-04-30 0.00 2.00
2021-04-30 0.00 3.00
2020-04-30 0.00 3.00
2019-12-24
BATS-CHIXE:SPDL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2010-08-03 0.000 0.000
2010-07-22 0.000 0.000
2009-12-10 0.000 0.000
2009-10-26 0.000 0.000
2009-08-05 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Frasers Group has not reported any payouts.
  • Unable to verify if Frasers Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Frasers Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Frasers Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Frasers Group's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Frasers Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Frasers Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Frasers Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SPDL Management

 What is the CEO of Frasers Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Ashley
COMPENSATION £0
TENURE AS CEO 3.3 years
CEO Bio

Mr. Michael James Wallace Ashley, also known as Mike, founded Sports Direct International PLC in 1982. Mr. Ashley serves as the Chief Executive at Sports Direct International PLC since September 22, 2016. He is the Chief Executive Officer at SportsDirect.com Retail Ltd. since September 22, 2016. Mr. Ashley serves as the Executive Officer at Newcastle United Football Company Limited. He has over 30 years in the sports retail business with Sports Direct. He was the Owner of SportsDirect.com Retail Ltd. until March 2007. He served as an Executive Deputy Chairman of Sports Direct International PLC. He founded SportsDirect.com Retail Ltd. in 1997 and served as its Executive Deputy Chairman since December 17, 2007 until September 22, 2016 and serves as its Executive Director. He served as the Director of Newcastle United Limited. Mr. Ashley serves as a Director at Sports Direct International PLC since December 21, 2006. He has been a Director of Antigua Enterprises Inc., since April 25, 2003.

CEO Compensation
  • Insufficient data for Mike to compare compensation growth.
  • Insufficient data for Mike to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Frasers Group management team in years:

3.3
Average Tenure
51
Average Age
  • The tenure for the Frasers Group management team is about average.
Management Team

Mike Ashley

TITLE
Founder
TENURE
3.3 yrs

Chris Wootton

TITLE
Chief Financial Officer
TENURE
0.3 yrs

Karen Byers

TITLE
Global Head of Operations
AGE
51
TENURE
3.3 yrs

Alistair Stewart

TITLE
Chief Accountant

Tom Piper

TITLE
Head of Legal & Company Secretary
TENURE
0.5 yrs

Hans Gysel

TITLE
Head of European Retail
AGE
57
TENURE
15.9 yrs

Sean Nevitt

TITLE
Global Head of Commercial
AGE
49
TENURE
3.3 yrs

John Ashley

TITLE
Head of IT
AGE
58

Michael Murray

TITLE
Head of Elevation
AGE
30

Katie Smith

TITLE
Financial Controller of UK Group
Board of Directors Tenure

Average tenure of the Frasers Group board of directors in years:

1.2
Average Tenure
  • The average tenure for the Frasers Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Daly

TITLE
Non-Executive Chairman
COMPENSATION
£79K
TENURE
1.3 yrs

Mike Ashley

TITLE
Founder
TENURE
13 yrs

David Brayshaw

TITLE
Independent Non-Executive Director
COMPENSATION
£51K
TENURE
3 yrs

Richard Bottomley

TITLE
Senior Independent Director
COMPENSATION
£25K
AGE
66
TENURE
1.2 yrs

Nicola Frampton

TITLE
Independent Non-Executive Director
COMPENSATION
£25K
TENURE
1.2 yrs

Cally Price

TITLE
Non-Executive Workforce Director
COMPENSATION
£3K
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
02. Aug 19 Buy Sports Direct International plc, Employee Benefit Trust Company 31. Jul 19 31. Jul 19 7,876 £2.27 £17,863
31. Jul 19 Buy David Brayshaw Individual 29. Jul 19 29. Jul 19 9,599 £2.07 £19,870
01. Jul 19 Buy Sports Direct International plc, Employee Benefit Trust Company 28. Jun 19 28. Jun 19 2,250 £2.76 £6,214
01. May 19 Buy Sports Direct International plc, Employee Benefit Trust Company 30. Apr 19 30. Apr 19 13,125 £2.98 £39,086
01. Mar 19 Buy Sports Direct International plc, Employee Benefit Trust Company 28. Feb 19 28. Feb 19 1,000,000 £2.70 £2,698,000
01. Feb 19 Buy Sports Direct International plc, Employee Benefit Trust Company 31. Jan 19 31. Jan 19 37,730 £2.78 £104,965
X
Management checks
We assess Frasers Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Frasers Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SPDL News

Simply Wall St News

SPDL Company Info

Description

Frasers Group plc, together with its subsidiaries, retails sports and leisure clothing, footwear, equipment, and apparel through department stores, shops, and online in the United Kingdom and internationally. The company operates through six segments: UK Sports Retail, Premium Lifestyle, House of Fraser Retail, European Sports Retail, Rest of World Retail, and Wholesale & Licensing. It is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, equipment, and apparel; and licensing activities, as well as fitness gym activities. The company offers its products under its own and third party brands, which include Slazenger, Everlast, Lonsdale, Karrimor, Antigua, Campri, Carlton, Donnay, Gelert, LA Gear, Lillywhites, Muddyfox, Nevica, No Fear, Silver Fox, Sondico, Title, USA PRO, Crafted, Fabric, Firetrap, Full Circle, Golddigga, Hot Tuna, Kangol, Rock & Rags, SoulCal, Soviet, and Voodoo Dolls. It operates 540 sports retail stores in the United Kingdom and Northern Ireland; 251 sports retail stores in Europe; 33 stores in Malaysia; 51 stores in the United States; and 41 Premium Lifestyle stores, as well as 34 gyms. The company was formerly known as Sports Direct International plc and changed its name to Frasers Group plc in December 2019. Frasers Group plc was founded in 1982 and is headquartered in Shirebrook, the United Kingdom.

Details
Name: Frasers Group plc
SPDL
Exchange: BATS-CHIXE
Founded: 1982
£2,381,130,188
504,263,064
Website: http://www.sportsdirectplc.com
Address: Frasers Group plc
Brook Park East,
Unit A,
Shirebrook,
Derbyshire, NG20 8RY,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE FRAS Ordinary Shares London Stock Exchange GB GBP 27. Feb 2007
OTCPK SDIP.F Ordinary Shares Pink Sheets LLC US USD 27. Feb 2007
DB ZVX Ordinary Shares Deutsche Boerse AG DE EUR 27. Feb 2007
BATS-CHIXE SPDL Ordinary Shares BATS 'Chi-X Europe' GB GBP 27. Feb 2007
OTCPK SDIS.Y UNSPONSORED ADR Pink Sheets LLC US USD 30. Nov 2012
Number of employees
Current staff
Staff numbers
29,400
Frasers Group employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/24 19:34
End of day share price update: 2019/12/18 00:00
Last estimates confirmation: 2019/12/19
Last earnings filing: 2019/12/16
Last earnings reported: 2019/10/27
Last annual earnings reported: 2019/04/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.