Frasers Group FRAS.L
United KingdomConsumer Cyclical · Specialty RetailLondon Stock Exchange · GBP
8.08 GBP (−4.8%)
6 analysts
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Frasers Group is a British retailer of sporting and leisure goods (owner of Sports Direct and House of Fraser) operating physical stores and online platforms in the UK and other markets.
Listed on London Stock Exchange · Symbol FRAS.L · LON: FRAS · Currency GBP
Key points
from its scores- ✓Attractive valuation7.6
- ✕Little or no dividend1.5
- ✕Weak growth3.6
- !Risks to watch5.2
AI analysis
bottom line, main risk, context and newsThe valuation is attractive, but weakness in earnings and cash generation warrants caution until a sustained improvement is seen.
Frasers Group trades at a P/E of 10.75 and EV/EBITDA of 6.96, reflecting an attractive valuation, but the -67.70% decline in earnings and low cash conversion (6.84%) weigh on its growth and quality profile.
The main risk is the -67.70% decline in earnings, which could indicate operational deterioration or margin pressure in a competitive retail environment.
Context and risks
Frasers Group shows no material exposure to current macro factors: its UK retail business does not depend on commodities, shipping routes, or significant external financing (Net Debt/EBITDA of 2.56, moderate). The rise in long-term rates could slightly affect discretionary consumption, but there is no concrete evidence of an impact on its figures.
Is Frasers Group stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 39% below the Consumer Cyclical median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 10.7 | 17.8 | −40% |
| EV / EBITDA | 7.0 | 11.2 | −38% |
| Price / book | 1.5 | 2.9 | −47% |
| Price / sales | 0.7 | 1.3 | −46% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.6 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 8.08 GBP, −4.8% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.2 (sector 5.7), Growth 3.6 (sector 5.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 10.7
- Forward P/E
- 8.1
- EV / EBITDA
- 7.0
- Price / book
- 1.5
- Price / sales
- 0.7
- PEG
- 0.86
- Market cap
- 3.6B GBP
- Enterprise value
- 5.8B GBP
Profitability
- ROE
- 15.5%
- ROA
- 6.8%
- ROIC (approx.)
- 15.2%
- Gross margin
- 48.9%
- Operating margin
- 14.0%
- Net margin
- 7.0%
- Free cash flow
- 57.1M GBP
- FCF yield
- 1.6%
- Cash conversion
- 7%
Solvency
- Total debt
- 2.5B GBP
- Net debt
- 2.1B GBP
- Cash
- 390.0M GBP
- EBITDA
- 836.1M GBP
- Net debt / EBITDA
- 2.56
- Debt / equity
- 103.15
- Current ratio
- 1.80
- Quick ratio
- 0.61
Growth
- Revenue growth
- +12.4%
- Earnings growth
- −67.7%
- EPS (TTM)
- 0.79 GBP
- EPS (forward)
- 1.05 GBP
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.25
- Analyst consensus
- none (6)
- Target price
- 8.08 GBP
Recent news
All FRAS.L news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Frasers Group
Is Frasers Group stock cheap or expensive?
On P/E and EV / EBITDA, it trades 39% below the Consumer Cyclical median on average. Valuation score: 7.6 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 8.08 GBP, −4.8% versus the price. This is not investment advice.
What score does Frasers Group get on MeridIAn Screener?
It scores 5.5 out of 10, rank 1,401 of 2,130 (better than 32% of the companies analysed). Its strongest category is Valuation (7.6) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is Frasers Group's P/E ratio?
Its P/E is 10.7: the share price equals 10.7 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 8.1.
How much is Frasers Group worth on the stock market?
Its market capitalisation is 3.6B GBP and its enterprise value, debt included, is 5.8B GBP.
How much debt does Frasers Group have?
Its net debt (debt minus cash) is 2.1B GBP. That is 2.56 times its EBITDA; the Consumer Cyclical median is 1.91.
Does Frasers Group pay a dividend?
It pays no dividend, or almost none.
How has Frasers Group stock performed over the last year?
It has risen 21.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 0.00 and 8.45 GBP. Past performance does not guarantee future results.
What do analysts think of Frasers Group?
6 analysts cover it; their average recommendation is “none” and their average target is 8.08 GBP (−4.8% versus the price). It is an estimate, not market data.