Fuller Smith & Turner (54GW) AI Stock Analysis

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Fuller Smith & Turner

(LSE:54GW)

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Rating:71Outperform

Price Target:GBX 114.00▲(10.68% Upside)

Action:reiterated

Date:09/26/26

The score is primarily supported by strong valuation (very low P/E and high dividend yield) and a solid financial recovery with positive operating profit and improving operating cash flow. These positives are tempered by weak near-term technical momentum (very low RSI and slightly negative MACD) and uneven free cash flow/margin volatility.

Positive Factors

Steady Revenue GrowthSustained revenue growth since 2022 indicates that the managed pubs, hotels, food, drink and accommodation model is recovering beyond a single period. Continued mid-single-digit expansion provides a durable base for operating leverage and supports reinvestment across the estate.

Negative Factors

Volatile MarginsAlthough revenue continues to grow, the easing of net and operating profitability in 2026 shows that incremental sales are not consistently converting into stronger margins. Persistent cost pressure or weaker flow-through could limit earnings growth even if the top line remains positive.

Fuller Smith & Turner (54GW) vs. iShares MSCI United Kingdom ETF (EWC)

Market Cap: GBP 61.80M
Dividend Yield: 7.77%
Average Volume (3M): 5,020
Price to Earnings (P/E): 2.8
Beta (1Y): -0.01
Revenue Growth: ―
EPS Growth: ―
Country: UK
Employees: 5,311
Sector: General
Sector Strength: 55
Industry: Restaurants

Fuller Smith & Turner Business Overview & Revenue Model

Company Description

Fuller Smith & Turner PLC is a family-controlled enterprise that manages a network of pubs and hotels throughout the United Kingdom. The company's business activities are divided into two primary categories: Managed Pubs and Hotels, and Tenanted Inns...

How the Company Makes Money

The company makes money primarily from operating its managed pubs and hotels, earning revenue from (1) drink sales (beer, cider, wine, spirits and soft drinks), (2) food sales, and (3) accommodation and related hospitality services (room bookings and...

Fuller Smith & Turner Financial Statement Overview

Summary

Post-2021 recovery looks durable: revenue has grown steadily since 2022, operating profit is positive in 2026, leverage appears manageable, and operating cash flow is consistently positive with a strong rebound in 2026. Offsetting this, profitability and margins have been volatile (net margin and operating profitability eased in 2026 vs. 2025) and free cash flow has been uneven, indicating inconsistent cash conversion.

Income Statement

72Positive

Balance Sheet

70Positive

Cash Flow

66Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	359.10M	397.80M	376.30M	359.10M	336.60M	253.80M
Gross Profit	138.30M	161.00M	149.30M	138.30M	142.20M	99.00M
EBITDA	55.00M	69.70M	74.70M	55.00M	49.60M	48.60M
Net Income	9.10M	21.20M	27.20M	9.10M	7.90M	7.10M
Balance Sheet
Total Assets	722.60M	702.90M	701.90M	722.60M	732.60M	749.70M
Cash, Cash Equivalents and Short-Term Investments	12.20M	7.40M	13.80M	12.20M	14.10M	15.60M
Total Debt	209.60M	207.60M	215.20M	209.60M	217.10M	226.60M
Total Liabilities	291.30M	292.50M	290.20M	291.30M	290.00M	300.50M
Stockholders Equity	431.30M	410.40M	411.70M	431.30M	442.60M	449.20M
Cash Flow
Free Cash Flow	41.10M	40.10M	4.50M	41.10M	16.80M	45.40M
Operating Cash Flow	68.30M	79.50M	57.70M	68.30M	47.50M	71.20M
Investing Cash Flow	-27.20M	-36.60M	-12.70M	-27.20M	-14.70M	-15.80M
Financing Cash Flow	-43.00M	-49.30M	-43.40M	-43.00M	-34.30M	-56.90M

Fuller Smith & Turner Technical Analysis

Technical Analysis SentimentNegative

Last Price103.00

Price Trends

50DMA103.00Positive

100DMA103.55Negative

200DMA102.48Positive

Market Momentum

MACD-0.01Negative

RSI18.78Positive

STOCH100.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:54GW, the sentiment is Negative. The current price of 103.00 is below the 20-day moving average (MA) of 103.00, above the 50-day MA of 103.00, and above the 200-day MA of 102.48, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 18.78 is Positive, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:54GW.

Fuller Smith & Turner Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

GB:54GW against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GB:HVT	79Outperform	GBP 10.60M	5.12	9.40%	2.28%	-0.62%	-0.62%
GB:54GW	71Outperform	GBP 424.69M	2.78	5.16%	7.77%	―	―
GB:MAB	65Neutral	GBP 1.87B	10.18	6.41%	―	2.96%	9.30%
GB:MARS	64Neutral	GBP 366.57M	5.01	9.30%	―	-0.52%	68.53%
GB:YNGA	64Neutral	GBP 606.00M	24.89	3.55%	2.18%	4.61%	186.38%
GB:JDW	60Neutral	GBP 970.20M	17.65	17.99%	1.19%	5.19%	-3.45%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

GB:54GW and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
GB:54GW	Fuller Smith & Turner (54GW)	103.00	4.91	5.00%
GB:HVT	Heavitree Brewery	290.00	80.91	38.70%
GB:MARS	Marston's (MARS)	59.10	12.30	26.28%
GB:MAB	Mitchells & Butlers	315.50	72.00	29.57%
GB:JDW	J D Wetherspoon	1015.00	385.66	61.28%
GB:YNGA	Young & Co'S Brewery	1134.00	388.68	52.15%

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 26, 2026

Fuller Smith & Turner AI Stock Analysis