Added to YB: 2026-09-18
Pitch date: 2026-09-16
PRN.L [bullish]
Princes Group plc
+3.14%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Princes Group plc operates as a food and beverage company in the United Kingdom, Italy, Germany, and internationally.
Market Cap
GBP 773.3M
Pitch Price
GBP 3.18
Price Target
5.50 (+69%)
Dividend
N/A
EV/EBITDA
4.00
P/E
8.57
EV/Sales
0.32
Sector
Food Products
Category
value
PRN-CELY Sums of Cash
PRN.L: Princes’ 1H26 strengthened the thesis: £90.1m of underlying free cash flow at 115% conversion, a materially better Q2 and the first tangible evidence through Plasmon that the acquisition-and-insourcing model can lower costs. At 315p, enterprise value including lease liabilities is about 2.3x annualized EBITDA, with a 550-600p three-year base case. The tests are 2H margin recovery after July pricing and disciplined deployment of the cash pile.
Read full article (6 min)