Portmerions Y/E update signals a pleasing outturn to FY22. This is captured in a 4% sales beat led by a strong finish to the year and FX. Whilst our FY22 PBT expectations are unchanged, the update reinforces the growing significance of international, now representing 75% of sales, and the strategic pivot to online. We also make no FY23/FY24 PBT forecast changes but feel the shares offer an attractive entry point for mid-term investors. A lowly rating of 6x P/E, 4x EV/EBITDA and a 5% yield is in ....
12 Jan 2023
FY22 successfully navigated; compelling valuation
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY22 successfully navigated; compelling valuation
Portmeirion Group PLC (PMP:LON) | 228 0 0.0% | Mkt Cap: 31.9m
- Published:
12 Jan 2023 -
Author:
Sahill Shan -
Pages:
3
Portmerions Y/E update signals a pleasing outturn to FY22. This is captured in a 4% sales beat led by a strong finish to the year and FX. Whilst our FY22 PBT expectations are unchanged, the update reinforces the growing significance of international, now representing 75% of sales, and the strategic pivot to online. We also make no FY23/FY24 PBT forecast changes but feel the shares offer an attractive entry point for mid-term investors. A lowly rating of 6x P/E, 4x EV/EBITDA and a 5% yield is in ....