Given Greggs’ long track record of strong cash generation and the success of the 2013 strategic plan to date, it seems reasonable to look beyond the short-term impacts of input cost rises and government-imposed cost increases to the benefits expected from the current investment programmes. Employing a DCF model to do precisely that, we generate a valuation of 1,226p per share.
06 Mar 2017
Successful strategy offers further potential
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Successful strategy offers further potential
Greggs plc (GRG:LON) | 2,699 54 0.1% | Mkt Cap: 2,760m
- Published:
06 Mar 2017 -
Author:
David Stoddart -
Pages:
10
Given Greggs’ long track record of strong cash generation and the success of the 2013 strategic plan to date, it seems reasonable to look beyond the short-term impacts of input cost rises and government-imposed cost increases to the benefits expected from the current investment programmes. Employing a DCF model to do precisely that, we generate a valuation of 1,226p per share.