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Cake Box Holdings Plc (GB:CBOX)
LSE:CBOX
UK Market
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Cake Box Holdings (CBOX) AI Stock Analysis

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GB:CBOX

Cake Box Holdings

(LSE:CBOX)

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Neutral 65 (OpenAI - 5.2)
Rating:65Neutral
Price Target:
210.00 p
▲(7.69% Upside)
Action:Downgraded
Date:07/01/26
The score is driven primarily by solid financial performance (steady growth and strong gross margins) tempered by higher leverage and weaker recent cash conversion. Valuation contributes positively due to the high dividend yield, while technicals are neutral-to-slightly negative given the stock trading below the 200-day average with otherwise flat positioning versus shorter-term averages.
Positive Factors
Franchise-led business model
A franchise-led model creates recurring fee income and shifts retail capex to franchisees, keeping the group's capital intensity low. Central production and supply amplify scale economies and margin durability, supporting steady cash flows and scalable roll-out over 2–6 months and beyond.
Negative Factors
Rising leverage
Meaningful increase in leverage reduces financial flexibility and raises interest-rate and covenant risk. Higher debt burdens make the business more sensitive to trading shocks and limit the firm's ability to fund discretionary investments, dividends or support franchisees without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Franchise-led business model
A franchise-led model creates recurring fee income and shifts retail capex to franchisees, keeping the group's capital intensity low. Central production and supply amplify scale economies and margin durability, supporting steady cash flows and scalable roll-out over 2–6 months and beyond.
Read all positive factors

Cake Box Holdings (CBOX) vs. iShares MSCI United Kingdom ETF (EWC)

Cake Box Holdings Business Overview & Revenue Model

Company Description
Cake Box Holdings Plc, together with its subsidiaries, engages in the retail of fresh cream celebration cakes in the United Kingdom. The company sells cakes, cupcakes, cheesecakes, and treats; and party accessories, including balloons and candles....
How the Company Makes Money
Cake Box makes money primarily through a franchise-led model. Key revenue streams include: (1) Franchise income: recurring fees and other charges paid by franchisees for the right to operate Cake Box-branded stores, including ongoing royalties and...

Cake Box Holdings Financial Statement Overview

Summary
Good overall fundamentals with steady revenue growth (accelerating to ~13% in 2026) and strong gross margin (~54%). Offsets include softer net margin (~8.7% in 2026 vs ~10–12% in 2024–2025), meaningfully higher leverage since 2024 (debt-to-equity rising to ~0.69 in 2026), and weaker recent cash conversion (operating cash flow below net income in 2025–2026) despite a sharp rebound in free cash flow in 2026.
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
66
Positive
BreakdownMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue59.69M42.78M37.84M34.80M32.96M
Gross Profit32.05M22.46M19.61M16.04M14.85M
EBITDA12.56M7.76M7.72M6.66M8.80M
Net Income5.22M4.37M4.66M4.24M6.31M
Balance Sheet
Total Assets64.07M61.24M30.74M27.82M25.90M
Cash, Cash Equivalents and Short-Term Investments2.45M6.33M8.45M7.35M6.57M
Total Debt19.42M21.50M3.57M3.94M4.31M
Total Liabilities36.08M34.25M11.44M10.08M9.12M
Stockholders Equity27.99M26.99M19.30M17.74M16.78M
Cash Flow
Free Cash Flow7.09M3.53M4.93M4.19M4.08M
Operating Cash Flow9.35M6.60M6.28M6.15M5.21M
Investing Cash Flow-5.89M-25.15M-1.14M-1.90M-1.12M
Financing Cash Flow-7.34M16.42M-4.03M-3.47M-2.65M

Cake Box Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price195.00
Price Trends
50DMA
193.64
Positive
100DMA
190.69
Positive
200DMA
192.48
Positive
Market Momentum
MACD
-0.71
Positive
RSI
51.57
Neutral
STOCH
34.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CBOX, the sentiment is Positive. The current price of 195 is below the 20-day moving average (MA) of 195.43, above the 50-day MA of 193.64, and above the 200-day MA of 192.48, indicating a neutral trend. The MACD of -0.71 indicates Positive momentum. The RSI at 51.57 is Neutral, neither overbought nor oversold. The STOCH value of 34.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CBOX.

Cake Box Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
£1.72B12.869.74%1.79%2.31%9.04%
73
Outperform
£1.91B14.3220.97%4.36%6.89%-9.02%
71
Outperform
£28.68B16.8516.05%3.02%5.43%15.57%
65
Neutral
£84.04M16.4419.38%5.20%39.53%8.81%
63
Neutral
£7.27B19.696.12%7.16%2.54%12.99%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
61
Neutral
£2.09B-8.06-15.94%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:CBOX
Cake Box Holdings
195.00
4.22
2.21%
GB:OCDO
Ocado Group
241.40
-95.20
-28.28%
GB:GRG
Greggs plc
1,847.00
338.79
22.46%
GB:PFD
Premier Foods
197.50
11.98
6.46%
GB:SBRY
J Sainsbury plc
332.10
54.98
19.84%
GB:TSCO
Tesco plc
455.00
45.61
11.14%

Cake Box Holdings Corporate Events

Business Operations and StrategyDividendsFinancial Disclosures
Cake Box lifts revenue 39.5% as store expansion and Ambala boost growth
Positive
Jun 30, 2026
Cake Box Holdings reported a robust full-year performance, with group revenue rising 39.5% to £59.69m and underlying EBITDA up 41.6%, driven by strong organic sales and the first full-year contribution from Ambala. The company opened 37 new s...
Business Operations and StrategyFinancial Disclosures
Cake Box sets dates for full-year results and investor briefings
Neutral
Jun 24, 2026
Cake Box Holdings has announced that it will release its full-year results for the 52 weeks ended 29 March 2026 on 30 June 2026, marking a key update for investors tracking the UK celebration cake retailer’s performance. Management will brie...
Business Operations and StrategyFinancial Disclosures
Cake Box lifts full‑year revenue 43% on store rollout and Ambala boost
Positive
Apr 28, 2026
Cake Box reported strong full‑year trading for the 52 weeks to 29 March 2026, with revenue expected to rise 43% to about £61.2m, driven by robust second‑half performance, new store openings, positive like‑for‑like sale...
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: Jul 01, 2026