|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||32.01 - 32.01|
|52 Week Range||17.20 - 32.01|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A balance sheet with no debt, a strong brand and a competitive position that makes it a likely beneficiary as (or if?) the economy continues to unlock all help to explain why shares in the snack seller Greggs have gained more than three quarters since our study last autumn. Our favourable viewpoint then was partly the result of the pessimism that prevailed at the time. Now optimism is in fashion and that is not the friend but the enemy of the value hunter, so now may be a good time to lock in a profit. This may seem perverse, especially as Greggs’ only liabilities are the leases on its 2,000-plus shops, the company continues to invest in its customer proposition, not least by offering goods for delivery or click-and-collect, and March’s full-year results hinted at improving sales momentum in the business. A return to the high street of keen shoppers and hungry consumers can only help sales, profits and cash flow. But the strong share price run anticipates a lot of the good news already. Net profits peaked before the pandemic at £92m. The current market value of £2.4bn equates to 26 times that sum. Even consensus analysts’ forecasts of more than £100m in net profits for the year to January 2023 leave the shares on an earnings multiple of 22 for that year.
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
Greggs plans 100 new shops despite Covid driving it to first loss since 1984 . Britain’s biggest bakery chain is cutting 820 jobs but sales have improved in 2021