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Fuller Smith & Turner
(LSE:FSTA)
Select Model
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Rating:59Neutral
Price Target:
732.00 p
▼(-2.66% Downside)
Action:Reiterated
Date:09/11/26
The score is primarily supported by improving fundamentals versus earlier years (recovered profitability and better leverage), but it is held back by recent 2026 margin pressure and historically uneven free cash flow. Technicals are a notable drag given weak momentum (below key moving averages with negative MACD), while valuation is roughly neutral-to-supportive with a moderate P/E and ~3% yield.
Positive Factors
Steady Revenue Growth
Steady revenue growth through 2026 indicates the pub, hotel and food-and-drink estate continued to attract demand after the post-2021 recovery. A growing top line gives the operator scope to leverage its managed estate, support reinvestment, and build earnings over the next several quarters.
Negative Factors
2026 Margin Compression
Margin declines in 2026 despite revenue growth indicate that additional sales are not translating fully into earnings, potentially reflecting cost pressure or an unfavorable mix shift. If sustained, weaker margins would reduce operating leverage and limit the benefit of continued top-line expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Steady revenue growth through 2026 indicates the pub, hotel and food-and-drink estate continued to attract demand after the post-2021 recovery. A growing top line gives the operator scope to leverage its managed estate, support reinvestment, and build earnings over the next several quarters.
Read all positive factors
Fuller Smith & Turner (FSTA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£373.78M
Dividend Yield2.96%
Average Volume (3M)39.27K
Price to Earnings (P/E)18.4
Beta (1Y)0.94
Revenue Growth5.71%
EPS Growth-19.77%
CountryUK
Employees5,270
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.39
Shares Outstanding30,902,325
10 Day Avg. Volume46,539
30 Day Avg. Volume39,274
Financial Highlights & Ratios
PEG Ratio-0.98
Price to Book (P/B)0.86
Price to Sales (P/S)0.88
P/FCF Ratio10.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,125.00Price Target Upside49.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.51
Revenue Forecast (FY)£414.13M
Fuller Smith & Turner Business Overview & Revenue Model
Company Description
Fuller, Smith & Turner P.L.C. is a prominent UK-based hospitality company primarily engaged in running pubs and hotels. Its operational model is segmented into two main divisions: properties that are directly managed by the company, and Tenanted I...
How the Company Makes Money
FSTA makes money primarily from operating its managed pubs, inns and hotels. Revenue is generated through on-premise sales of drinks (including beer, wine and spirits), food sales, and accommodation income from rooms in its inns and hotels. Additi...
Fuller Smith & Turner Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
66
Positive
Cash Flow
63
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 397.80M | 376.30M | 359.10M | 336.60M | 253.80M |
| Gross Profit | 45.90M | 149.30M | 113.80M | 118.20M | 73.90M |
| EBITDA | 69.70M | 74.70M | 55.00M | 49.60M | 48.60M |
| Net Income | 21.20M | 27.20M | 9.10M | 7.90M | 7.10M |
Balance Sheet | |||||
| Total Assets | 702.90M | 701.90M | 722.60M | 750.40M | 768.20M |
| Cash, Cash Equivalents and Short-Term Investments | 7.40M | 13.80M | 12.20M | 14.10M | 15.60M |
| Total Debt | 209.20M | 215.20M | 211.20M | 218.70M | 228.20M |
| Total Liabilities | 292.50M | 290.20M | 291.30M | 307.80M | 319.00M |
| Stockholders Equity | 410.40M | 411.70M | 431.30M | 442.60M | 449.20M |
Cash Flow | |||||
| Free Cash Flow | 32.40M | 4.50M | 41.10M | 8.10M | 38.20M |
| Operating Cash Flow | 71.80M | 57.70M | 68.30M | 38.80M | 64.00M |
| Investing Cash Flow | -36.60M | -12.70M | -27.20M | -14.70M | -15.80M |
| Financing Cash Flow | -41.60M | -43.40M | -43.00M | -25.60M | -49.70M |
Fuller Smith & Turner Technical Analysis
Positive
752.00
Price Trends
720.52
Negative
711.99
Positive
693.16
Positive
Market Momentum
-2.24
Negative
54.35
Neutral
38.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FSTA, the sentiment is Positive. The current price of 752 is above the 20-day moving average (MA) of 700.30, above the 50-day MA of 720.52, and above the 200-day MA of 693.16, indicating a neutral trend. The MACD of -2.24 indicates Negative momentum. The RSI at 54.35 is Neutral, neither overbought nor oversold. The STOCH value of 38.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:FSTA.
Fuller Smith & Turner Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | £10.83M | 5.25 | 9.40% | 2.24% | -0.62% | -0.62% | |
69 Neutral | £1.70B | 9.26 | 6.41% | 2.89% | 2.96% | 9.30% | |
67 Neutral | £534.60M | 22.13 | 3.55% | 2.45% | 4.61% | 186.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | £957.82M | 17.24 | 17.99% | 1.22% | 5.19% | -3.45% | |
60 Neutral | £290.71M | 3.98 | 9.30% | 6.05% | -0.52% | 68.53% | |
59 Neutral | £373.78M | 18.36 | 5.14% | 2.96% | 5.71% | -19.77% |
* Consumer Cyclical Sector Average
GB:FSTA
Fuller Smith & Turner
716.00
143.54
25.07%
GB:HVT
Heavitree Brewery
295.00
85.91
41.09%
GB:MARS
Marston's
45.65
3.45
8.18%
GB:MAB
Mitchells & Butlers
287.00
38.00
15.26%
GB:JDW
J D Wetherspoon
982.50
368.29
59.96%
GB:YNGA
Young & Co'S Brewery
996.00
244.87
32.60%
Fuller Smith & Turner Corporate Events
Business Operations and StrategyStock Buyback
Fuller’s Updates Market on Latest Share Buyback and Voting Rights Adjustment
Neutral
Sep 7, 2026
Fuller, Smith Turner PLC has continued executing its previously announced share buyback programme, repurchasing A Ordinary Shares through Deutsche Numis on the London Stock Exchange between 31 August and 4 September 2026 at prices ranging from 72...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Tightens Free Float with Latest Treasury Share Buyback
Positive
Sep 1, 2026
Fuller, Smith Turner has repurchased a series of its 40p “A” ordinary shares on the London Stock Exchange between 24 and 28 August 2026 under its previously announced share buyback programme. The transactions, executed via Deutsche Nu...
Business Operations and StrategyRegulatory Filings and Compliance
Fuller, Smith & Turner Updates Total Voting Rights and Treasury Share Holdings
Neutral
Sep 1, 2026
Fuller, Smith Turner reported that as of 31 August 2026 its issued share capital comprised A, B and C Ordinary Shares, with a portion of A and B shares held in treasury, each class carrying one vote. After excluding treasury holdings, the company...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Tightens Free Float With Further Share Buybacks
Positive
Aug 21, 2026
Fuller, Smith Turner has continued its previously announced share buyback programme, repurchasing 48,709 “A” Ordinary Shares between 17 and 21 August 2026 on the London Stock Exchange at prices ranging from 742p to 756p per share. The...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Tightens Free Float with August Share Buybacks
Positive
Aug 14, 2026
Fuller’s has continued to execute its previously announced share buyback programme, repurchasing tranches of its “A” Ordinary Shares between 10 and 14 August 2026 through Deutsche Numis at prices mostly in the high-700 pence rang...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Fuller, Smith & Turner Grants Executive Share Options at £7.24
Positive
Aug 10, 2026
Fuller, Smith Turner P.L.C. has granted new share options under its Executive Share Option Scheme 2025 to eligible executive directors and other senior managers, in line with the Market Abuse Regulation disclosure requirements. The options are ov...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Boosts Treasury Stock With Latest Share Buybacks
Positive
Aug 7, 2026
Fuller, Smith Turner has continued executing its previously announced share buyback programme, repurchasing 73,653 A ordinary shares on the London Stock Exchange between 3 August and 7 August 2026 at prices ranging from 726p to 736p per share. Th...
Regulatory Filings and Compliance
Fuller’s top executives exercise and sell vested share options
Neutral
Aug 7, 2026
Fuller, Smith Turner has disclosed that several executive directors and other senior managers exercised share options granted under its 2018 Executive Share Option Scheme, after the remuneration committee confirmed performance conditions for the ...
Business Operations and StrategyRegulatory Filings and Compliance
Fuller, Smith & Turner Updates Share Capital and Voting Rights
Positive
Aug 3, 2026
Fuller, Smith Turner has updated the market on its share capital and voting rights as of 31 July 2026, detailing the number of A, B and C ordinary shares in issue and the volume of shares held in treasury. The company also reported recent allotme...
Stock BuybackRegulatory Filings and Compliance
Fuller’s trims voting share capital with latest buyback tranche
Neutral
Jul 31, 2026
Fuller’s has continued its previously announced share buyback programme, repurchasing 55,000 of its “A” Ordinary Shares of 40p each on the London Stock Exchange between 27 July 2026 and 31 July 2026 at prices ranging from 740p to...
Regulatory Filings and Compliance
Fuller, Smith & Turner Discloses Director and Family Share Transactions
Neutral
Jul 29, 2026
Fuller, Smith Turner has disclosed director and closely associated person dealings in its unlisted “C” ordinary shares, in line with UK Market Abuse Regulation requirements. Non-executive director Richard Fuller sold 6,163 “C...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s tightens free float with latest tranche of share buybacks
Positive
Jul 24, 2026
Fuller, Smith Turner has continued executing its previously announced share buyback programme, repurchasing tranches of its 40p “A” Ordinary Shares on the London Stock Exchange between 20 and 24 July 2026 at prices ranging from 740p t...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Fuller, Smith & Turner Wins Shareholder Backing for All 2026 AGM Resolutions
Positive
Jul 21, 2026
Fuller, Smith Turner announced that all resolutions at its 2026 Annual General Meeting were passed on a poll, including the receipt of the annual report and accounts, approval of the final dividend, and endorsement of the directors’ remuner...
Business Operations and StrategyFinancial Disclosures
Fuller’s Reports Strong Start to Year With 5.1% Sales Growth
Positive
Jul 21, 2026
Fuller, Smith Turner PLC, a premium pubs and hotels group concentrated in southern England, continues to build on a long-established hospitality franchise. Operating 185 managed pubs and hotels alongside 152 tenanted inns, the company targets cus...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Tightens Voting Base with Latest Share Buybacks
Positive
Jul 17, 2026
Fuller, Smith Turner PLC has continued executing its previously announced share buyback programme, repurchasing 18,838 A ordinary shares between 13 and 14 July 2026 via Deutsche Numis at prices ranging from 720p to 722p per share. The company int...
Stock BuybackRegulatory Filings and Compliance
Fuller’s tightens free float with latest share buyback tranche
Positive
Jul 13, 2026
Fuller, Smith Turner has continued executing its share buyback programme, purchasing 44,789 A ordinary shares on the London Stock Exchange between 6 and 10 July 2026 through Deutsche Numis at prices ranging from 706 to 730 pence. The company inte...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Tightens Free Float With Latest Share Buybacks
Positive
Jul 3, 2026
Fuller, Smith Turner has continued to actively manage its capital structure by repurchasing “A” Ordinary Shares on the London Stock Exchange between 29 June and 3 July 2026, at prices ranging from 722p to 730p per share under its prev...
Regulatory Filings and Compliance
Fuller’s updates market on total voting rights and treasury shares
Neutral
Jul 1, 2026
Fuller, Smith Turner PLC has reported its total issued share capital and voting rights as of 30 June 2026, in line with UK Financial Conduct Authority disclosure rules. The company’s capital comprises multiple classes of ordinary shares, ea...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Tightens Free Float with New Treasury Share Buyback
Positive
Jun 26, 2026
Fuller, Smith Turner has repurchased 20,025 of its 40p “A” ordinary shares on the London Stock Exchange between 23 and 26 June 2026 under a previously announced buyback programme, at prices ranging from 696p to 726p per share. The com...
Executive/Board Changes
Fuller, Smith & Turner grants new executive share awards under bonus and LTIP schemes
Neutral
Jun 22, 2026
Fuller, Smith Turner has granted conditional share awards to its executive directors and senior managers under its 2019 Bonus and Deferred Bonus Plan and 2020 Long-Term Incentive Plan. The awards, based on a five-day average price of £7.072 ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller, Smith & Turner launches £0.40 A share buyback of up to 1 million shares
Positive
Jun 22, 2026
Fuller, Smith Turner PLC has launched a new share buyback programme to repurchase up to 1 million A ordinary shares of 40 pence each, following the completion of a prior buyback earlier in the year. The company has mandated Deutsche Bank’s ...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Fuller, Smith & Turner Publishes 2026 Annual Report and Sets AGM Date
Neutral
Jun 19, 2026
Fuller, Smith Turner P.L.C. has published its Annual Report and Accounts for the 52 weeks ending 28 March 2026, along with the Notice of its 2026 Annual General Meeting and proxy form for shareholders. The Annual Report and AGM notice are now ava...
Business Operations and StrategyStock Buyback
Fuller, Smith & Turner Extends Share Buyback as Treasury Holdings Rise
Positive
Jun 19, 2026
Fuller, Smith Turner has repurchased a total of one million “A” Ordinary Shares for £6.74 million under its previously announced buyback programme, including 11,769 shares bought on 19 June 2026 at a volume-weighted average price...
Stock BuybackRegulatory Filings and Compliance
Fuller, Smith & Turner Buys Back Shares, Updates Voting Rights Count
Positive
Jun 18, 2026
Fuller, Smith Turner has repurchased 15,000 of its 40p “A” Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback programme. The shares, bought at a price of 694.5 pence and to be held in Treasury, reflect t...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back 15,000 Shares, Updates Voting Rights Count
Neutral
Jun 17, 2026
Fuller, Smith Turner P.L.C., the London-listed pubs and brewing group, continues to manage its equity base through an ongoing share buyback programme. Its A Ordinary Shares of 40p each trade on the London Stock Exchange, and a portion of the issu...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back 14,500 Shares, Updates Voting Rights Count
Positive
Jun 15, 2026
Fuller, Smith Turner has repurchased 14,500 of its “A” Ordinary Shares at 706p per share on the London Stock Exchange as part of the share buyback programme launched in January 2026. The shares, acquired through Deutsche Numis, will b...
Business Operations and StrategyStock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Fuller, Smith & Turner Boosts Treasury Stock with Latest Share Buyback
Positive
Jun 12, 2026
Fuller, Smith Turner has repurchased 5,000 of its 40p “A” Ordinary Shares on the London Stock Exchange at a price of 726p per share as part of its ongoing share buyback programme. The company intends to hold these shares in Treasury, ...
Regulatory Filings and Compliance
Fuller, Smith & Turner Director Sir James Fuller Buys Additional “B” Shares
Positive
Jun 11, 2026
Fuller, Smith Turner disclosed that non-executive director Sir James Fuller purchased 2,915 unlisted “B” Ordinary Shares of 4p each at a price of £0.66 per share on 10 June 2026. The transaction, executed outside a trading venue,...
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.