Fuller Smith & Turner (53GW) AI Stock Analysis

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Fuller Smith & Turner

(LSE:53GW)

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Rating:66Neutral

Price Target:GBX 96.00▲(8.47% Upside)

Action:reiterated

Date:09/11/26

The score is driven primarily by solid but uneven financial performance: strong post-2021 recovery and improving leverage are offset by 2026 margin compression and inconsistent free-cash-flow conversion. Valuation is supported by a high dividend yield and a moderate P/E, while technical signals are muted with limited trend strength and incomplete momentum indicators.

Positive Factors

Revenue recoveryThe substantial recovery in revenue from the 2021 trough demonstrates that Fuller’s has regained scale and returned to profitability. A larger trading base across pubs, hotels, drinks and distribution can support operating resilience and provide a platform for further earnings development.

Negative Factors

Gross-margin compressionThe sharp deterioration in gross and net margins weakens confidence in the durability of Fuller’s recent earnings recovery. If the pressure reflects ongoing cost effects rather than a one-off impact, it could constrain reinvestment, reduce operating resilience, and limit profit growth.

Fuller Smith & Turner (53GW) vs. iShares MSCI United Kingdom ETF (EWC)

Market Cap: GBP 305.17M
Dividend Yield: 6.78%
Average Volume (3M): 18.00K
Price to Earnings (P/E): 20.8
Beta (1Y): 0.00
Revenue Growth: ―
EPS Growth: ―
Country: UK
Employees: 5,308
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Restaurants

Fuller Smith & Turner Business Overview & Revenue Model

Company Description

Fuller, Smith & Turner P.L.C., a British enterprise founded in London in 1845, specializes in the hospitality sector by owning and operating a network of pubs and hotels throughout the United Kingdom. The company's business model is divided into dist...

How the Company Makes Money

The company generates revenue primarily from (1) its managed pubs and hotels, (2) beer, wine, spirits and soft drinks sales connected to those venues and external customers, and (3) its beer and cider distribution operations. 1) Managed pubs and hote...

Fuller Smith & Turner Financial Statement Overview

Summary

Strong revenue recovery since 2021 and restored profitability with improving leverage, but 2026 shows sharp gross-margin compression and lower net margin. Cash generation is positive and improving, yet free cash flow remains volatile and below net income, tempering confidence in earnings durability.

Income Statement

63Positive

Balance Sheet

70Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	397.80M	397.80M	376.30M	359.10M	336.60M	253.80M
Gross Profit	45.90M	45.90M	149.30M	113.80M	118.20M	73.90M
EBITDA	73.20M	69.70M	74.70M	55.00M	49.60M	48.60M
Net Income	21.20M	21.20M	27.20M	9.10M	7.90M	7.10M
Balance Sheet
Total Assets	702.90M	702.90M	701.90M	722.60M	750.40M	768.20M
Cash, Cash Equivalents and Short-Term Investments	7.40M	7.40M	13.80M	12.20M	14.10M	15.60M
Total Debt	209.20M	209.20M	215.20M	211.20M	218.70M	228.20M
Total Liabilities	292.50M	292.50M	290.20M	291.30M	307.80M	319.00M
Stockholders Equity	410.40M	410.40M	411.70M	431.30M	442.60M	449.20M
Cash Flow
Free Cash Flow	32.40M	32.40M	4.50M	41.10M	8.10M	38.20M
Operating Cash Flow	71.80M	71.80M	57.70M	68.30M	38.80M	64.00M
Investing Cash Flow	-36.60M	-36.60M	-12.70M	-27.20M	-14.70M	-15.80M
Financing Cash Flow	-41.60M	-41.60M	-43.40M	-43.00M	-25.60M	-49.70M

Fuller Smith & Turner Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

GB:53GW against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GB:MAB	72Outperform	GBP 1.91B	10.39	6.41%	―	2.96%	9.30%
GB:DOM	71Outperform	GBP 867.01M	14.64	-69.64%	5.02%	5.72%	-21.86%
GB:JDW	68Neutral	GBP 1.04B	18.63	17.99%	1.13%	5.19%	-3.45%
GB:53GW	66Neutral	GBP 422.04M	20.77	5.14%	6.78%	―	―
GB:MARS	64Neutral	GBP 357.26M	4.89	9.30%	―	-0.52%	68.53%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
GB:YNGA	56Neutral	GBP 611.81M	26.13	3.55%	2.08%	4.61%	186.38%

* Consumer Cyclical Sector Average

Performance Comparison

GB:53GW and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
GB:53GW	Fuller Smith & Turner (53GW)	88.50	5.90	7.14%
GB:DOM	Domino's Pizza (Uk)	227.20	45.60	25.11%
GB:MARS	Marston's (MARS)	56.10	9.70	20.91%
GB:MAB	Mitchells & Butlers	322.00	78.50	32.24%
GB:JDW	J D Wetherspoon	1062.00	424.78	66.66%
GB:YNGA	Young & Co'S Brewery	1176.00	422.93	56.16%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 11, 2026

Fuller Smith & Turner AI Stock Analysis

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