Fuller Smith & Turner PLC

Fuller, Smith & Turner PLC exhibits a capital structure with a debt-to-equity ratio of 0.53, indicating moderate leverage, and a current ratio of 0.51, suggesting potential liquidity constraints. The company's price-to-book ratio is 49.22, and its price-to-earnings ratio is 745.04, both significantly above typical industry benchmarks, reflecting a high valuation relative to its book value and earnings [doc:HA-latest]. Profitability metrics show a return on equity of 6.61% and a return on assets of 3.88%, which are below the industry median for Restaurants & Bars. The company's operating margin is 7.52% (calculated from operating income of £28.3 million and revenue of £376.3 million), which is also below the sector average, indicating less efficient cost management [doc:HA-latest]. The company's revenue is concentrated across two segments: Managed Pubs and Hotels, and Tenanted Inns. The Managed Pubs and Hotels segment operates approximately 185 pubs and hotels, while the Tenanted Inns segment includes 153 pubs operated by third parties. The geographic exposure is primarily within the United Kingdom, with no significant international operations disclosed [doc:HA-latest]. The company's growth trajectory is modest, with no specific revenue growth rates provided in the latest financial data. However, the capital expenditure of £53.2 million indicates ongoing investment in infrastructure, which may support future growth. Analysts have a mean price target of £866.67, suggesting a potential upside from the current market price of £648 [doc:HA-latest]. The risk assessment highlights medium liquidity risk and low dilution risk. The company has a negative net cash position after subtracting total debt, which could impact its ability to meet short-term obligations. The risk of dilution is low, with no significant changes in shares outstanding between basic and diluted figures [doc:HA-latest]. Recent events include the publication of the latest financial snapshot and analyst estimates. The company has not disclosed any major recent filings or transcripts that would indicate significant operational or strategic changes. Analysts have issued a mean recommendation of 1.83, indicating a generally positive outlook, with two strong-buy ratings and three buy ratings [doc:HA-latest].