Findel (FDL)

Business description

Findel comprises market-leading businesses in the UK online value retailing and education supplies markets. Findel’s objective is to develop sustainable growth in a marketplace for value-conscious customers who are rapidly moving their purchases online.

Stock data

Market cap.£164.7m
Last close190.50p
High / Low (52 weeks)215.0p / 150.2p
Stock market listingLN
Forecast net debt (£m)235.6
Forecast gearing ratio (%)686
TeamConsumer
SectorGeneral Retailers

Price performance

%1m3m12m
Actual(4.4)7.25.3
Relative *(6.5)5.0(2.2)

* % Relative to local index

Other companies in sector Show

Company news

Findel PLC

Fri, 27 May 2011 19:31:53 GMT

Findel's Express Gifts subsidiary enters redress scheme with the FCA over the ...

Fri, 17 Feb 2017 08:15:56 GMT

Findel appoints new CEO, full year profits to miss market forecasts

Thu, 06 Apr 2017 10:10:08 GMT

A Look at the Health of Findel Plc (FDL.L)

Thu, 18 Jan 2018 04:01:10 GMT

Sales boost at Findel but Kitbag posts loss

Wed, 27 Nov 2013 09:14:41 GMT

Investment summary

H118 pre-tax profit was sharply higher at £11.9m against £1.9m in H117. The increase was largely driven by Express Gifts, trading as Studio, now 66% online. It included timing issues, particularly management’s decision to begin its pre-Christmas campaign in September rather than October. However, a 103% operating profit increase from the Education division also contributed, marking an important early result of its change strategy.

Last updated on 13/12/2017

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 410.6 41.8 24.8 23.0 8.3 18.5
2017A 457.0 40.8 22.2 20.4 9.3 13.4
2018E 478.1 46.7 26.0 25.0 7.6 20.0
2019E 506.4 51.9 28.5 27.3 7.0 5.9

Last updated on 12/12/2017

Latest video

Executive interview - Findel

Industry outlook

For the three months to October and excluding fuel, UK retail sales grew at only 0.1% y-o-y and volumes rose by 0.9% q-o-q. However, October online sales increased 10.7% y-o-y, representing a tailwind for Express. With wage growth lagging price inflation, the consumer is under pressure and value offers should benefit on a relative basis. The squeeze on schools' budgets continues to restrain the education supply sector.

Last updated on 13/12/2017

Key management

Ian Burke , Chairman
Philip Maudsley , CEO
Stuart Caldwell, CFO
Philip Maudsley , CEO

Company address

Church Bridge Street,
Henry Street,
Accrington,
Lancashire
BB5 4EE
United Kingdom
+ 44 (0)161 303 3465
View website