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Big Yellow Group
(LSE:BYG)
Select Model
Select Model
Rating:69Neutral
Price Target:
884.00 p
▼(-2.00% Downside)
Action:Reiterated
Date:08/20/26
The score is driven primarily by solid financial statements (growth and conservative leverage), tempered by uneven and recently weaker free cash flow. Valuation is supportive with a moderate P/E and strong dividend yield, while technical indicators point to only modest/neutral momentum with a mixed longer-term trend.
Positive Factors
Recurring rental model
Recurring rental income from flexible self-storage contracts provides a durable revenue base across household and business customers. Occupancy, rental rates, and ancillary services can support ongoing cash generation while diversified use cases help reduce reliance on any single customer segment.
Negative Factors
Free cash flow volatility
The sharp recent decline in free cash flow reduces confidence in the consistency of cash available for dividends, debt paydown, and reinvestment. Volatility may reflect heavier capital needs or working-capital swings, making internally generated funding less predictable over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental model
Recurring rental income from flexible self-storage contracts provides a durable revenue base across household and business customers. Occupancy, rental rates, and ancillary services can support ongoing cash generation while diversified use cases help reduce reliance on any single customer segment.
Read all positive factors
Big Yellow Group (BYG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.61B
Dividend Yield5.75%
Average Volume (3M)442.12K
Price to Earnings (P/E)12.8
Beta (1Y)0.95
Revenue Growth2.24%
EPS Growth-38.20%
CountryUK
Employees482
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)0.64
Shares Outstanding196,918,560
10 Day Avg. Volume403,207
30 Day Avg. Volume442,124
Financial Highlights & Ratios
PEG Ratio-0.35
Price to Book (P/B)0.64
Price to Sales (P/S)7.92
P/FCF Ratio205.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£916.00Price Target Upside1.55% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)0.58
Revenue Forecast (FY)£202.02M
Big Yellow Group Business Overview & Revenue Model
Company Description
Big Yellow stands as the preeminent self-storage provider across the United Kingdom. The company currently manages a portfolio of 103 facilities, which includes a 20% stake in 25 sites operating under the Armadillo Self Storage brand. Furthermore,...
How the Company Makes Money
BYG primarily makes money by renting self-storage space to customers, charging recurring fees for the right to occupy a storage unit. Revenue is driven by (1) occupancy (how much available space is let), (2) achieved rental rates (price per square...
Big Yellow Group Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
52
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 209.08M | 204.50M | 199.62M | 188.83M | 171.32M |
| Gross Profit | 145.56M | 142.37M | 143.63M | 134.52M | 120.94M |
| EBITDA | 142.16M | 222.32M | 266.58M | 122.46M | 708.26M |
| Net Income | 124.91M | 201.89M | 239.83M | 73.33M | 697.27M |
Balance Sheet | |||||
| Total Assets | 3.15B | 3.03B | 2.91B | 2.75B | 2.67B |
| Cash, Cash Equivalents and Short-Term Investments | 9.22M | 8.77M | 9.36M | 8.33M | 8.61M |
| Total Debt | 502.02M | 410.33M | 408.42M | 512.27M | 438.66M |
| Total Liabilities | 554.96M | 463.72M | 459.64M | 569.54M | 486.00M |
| Stockholders Equity | 2.60B | 2.57B | 2.45B | 2.18B | 2.18B |
Cash Flow | |||||
| Free Cash Flow | 8.05M | 114.57M | 104.79M | 5.56M | 2.42M |
| Operating Cash Flow | 108.89M | 114.57M | 104.79M | 111.98M | 107.57M |
| Investing Cash Flow | -101.85M | -27.67M | -20.79M | -106.23M | -171.00M |
| Financing Cash Flow | -6.58M | -87.50M | -82.98M | -6.02M | 59.71M |
Big Yellow Group Technical Analysis
Negative
902.00
Price Trends
877.61
Negative
860.86
Negative
912.39
Negative
Market Momentum
-20.03
Positive
31.18
Neutral
9.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BYG, the sentiment is Negative. The current price of 902 is above the 20-day moving average (MA) of 865.25, above the 50-day MA of 877.61, and below the 200-day MA of 912.39, indicating a bearish trend. The MACD of -20.03 indicates Positive momentum. The RSI at 31.18 is Neutral, neither overbought nor oversold. The STOCH value of 9.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BYG.
Big Yellow Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £1.23B | 9.29 | 6.53% | 3.49% | -23.35% | 20.53% | |
70 Outperform | £1.46B | 7.33 | 12.69% | 6.05% | 12.54% | 29.71% | |
69 Neutral | £1.61B | 12.84 | 4.81% | 5.75% | 2.24% | -38.20% | |
69 Neutral | £1.18B | 18.02 | 2.86% | 5.70% | 6.65% | -77.89% | |
67 Neutral | £4.09B | 8.67 | 7.73% | 5.79% | 15.13% | 29.40% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | £693.42M | -5.71 | -8.83% | 7.25% | -2.05% | -2319.50% |
* Real Estate Sector Average
GB:BYG
Big Yellow Group
821.50
-57.18
-6.51%
GB:BLND
British Land Company plc
399.00
78.94
24.66%
GB:GRI
Grainger
165.90
-12.77
-7.15%
GB:SAFE
Safestore Holdings
540.50
-62.86
-10.42%
GB:WKP
Workspace Group plc R.E.I.T.
360.00
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-1.21%
GB:SRE
Sirius Real Estate
92.55
0.77
0.83%
Big Yellow Group Corporate Events
Regulatory Filings and Compliance
Big Yellow Group Confirms Total Voting Share Capital
Neutral
Sep 1, 2026
Big Yellow Group has confirmed that its issued share capital stood at 196,918,571 ordinary shares with voting rights as of 31 August 2026. The company stated that it does not hold any shares in treasury, meaning all issued shares carry voting righ...
Regulatory Filings and Compliance
Big Yellow Confirms Total Voting Shares for Regulatory Disclosure
Neutral
Jul 31, 2026
Big Yellow Group PLC has confirmed that its issued share capital as of 31 July 2026 stands at 196,918,571 ordinary shares carrying voting rights. The company holds no shares in treasury, meaning all issued shares currently participate fully in sha...
Business Operations and StrategyExecutive/Board Changes
Big Yellow Grants Long-Term Share Options to Executive Directors
Positive
Jul 21, 2026
Big Yellow Group PLC has granted nil-paid share options to its three top executive directors under its Long Term Investment Plan, reinforcing the link between management incentives and company performance. Executive chairman Nicholas Vetch, CEO Jo...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Big Yellow Group Wins Full AGM Backing and Confirms Final Dividend
Positive
Jul 20, 2026
Big Yellow Group PLC reported that all resolutions at its Annual General Meeting on 20 July 2026 were approved by shareholders, reflecting broad support for its governance and strategic direction. The vote covered acceptance of the annual report, ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Big Yellow Delivers Resilient Q1 and Accelerates UK Self Storage Expansion
Positive
Jul 20, 2026
Big Yellow Group reported a resilient first quarter to 30 June 2026, with total revenue up 3% year on year to £53.2 million and like-for-like store revenue rising 2%. Occupancy increased by 161,000 square feet across its 113-store estate, boo...
Financial Disclosures
Big Yellow to Release First-Quarter Trading Update on 20 July
Neutral
Jul 14, 2026
Big Yellow Group PLC, the UK’s brand leader in self-storage, has announced it will release a trading update for the first quarter ended 30 June 2026. The update is scheduled for Monday, 20 July 2026, and will offer stakeholders insight into ...
Regulatory Filings and Compliance
Big Yellow Group Updates Total Voting Rights for Shareholders
Neutral
Jun 30, 2026
Big Yellow Group plc has confirmed that as at 30 June 2026 its issued share capital consists of 196,868,571 ordinary shares carrying voting rights, with no shares held in treasury. The company noted that this total voting rights figure will serve ...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Big Yellow Group Publishes 2026 Annual Report and AGM Notice
Neutral
Jun 17, 2026
Big Yellow Group PLC has published its Annual Report and Accounts for the year ended 31 March 2026 and circulated the documents, together with the notice of its 20 July 2026 Annual General Meeting, to shareholders. The report, AGM notice and relat...
Business Operations and StrategyM&A Transactions
Big Yellow Sells Harrow Estate to Fund High-Return Store Expansion
Positive
Jun 15, 2026
Big Yellow Group has sold its Harrow industrial estate in London for £38.4 million, with £2 million held back pending conditions, as it sharpens its focus on core self storage operations. The disposal underscores the Board’s capita...
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.