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Wickes Group
(LSE:WIX)
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Rating:62Neutral
Price Target:
250.00 p
▲(29.27% Upside)
Action:Reiterated
Date:09/22/26
The score is driven primarily by financial fundamentals: solid and improving cash generation is tempered by high leverage and thin margins, which reduce flexibility. Valuation is a notable support (moderate P/E and high yield), and the earnings call adds confidence via reaffirmed guidance and stronger H2 expectations. Technicals are mixed, with negative MACD and price still below the 200-day average limiting the overall rating.
Positive Factors
Improving Cash Generation
Improving operating and free cash flow gives Wickes greater capacity to fund stores, technology and shareholder returns from internal resources. The positive 2025 trajectory supports financial resilience, although future cash conversion and debt coverage remain important constraints.
Negative Factors
High Financial Leverage
Elevated leverage reduces Wickes's financial flexibility and increases the consequences of any sustained weakness in trading or cash generation. A thin equity base can amplify both gains and losses, while debt obligations may compete with investment and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Cash Generation
Improving operating and free cash flow gives Wickes greater capacity to fund stores, technology and shareholder returns from internal resources. The positive 2025 trajectory supports financial resilience, although future cash conversion and debt coverage remain important constraints.
Read all positive factors
Wickes Group (WIX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£517.86M
Dividend Yield3.1%
Average Volume (3M)390.64K
Price to Earnings (P/E)14.6
Beta (1Y)1.16
Revenue Growth4.21%
EPS Growth72.12%
CountryUK
Employees7,774
SectorConsumer Cyclical
Sector Strength84
IndustryHome Improvement
Share Statistics
EPS (TTM)0.16
Shares Outstanding227,603,260
10 Day Avg. Volume469,691
30 Day Avg. Volume390,637
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)4.13
Price to Sales (P/S)0.33
P/FCF Ratio3.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£246.00Price Target Upside27.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.18
Revenue Forecast (FY)£1.69B
Wickes Group Business Overview & Revenue Model
Company Description
Wickes Group plc is a prominent UK-based retailer offering an extensive array of products and services for home repair, maintenance, and improvement. The company effectively serves diverse customer needs, supporting home renovation projects whethe...
How the Company Makes Money
Wickes makes money primarily by selling home improvement and building products to retail (DIY) and trade customers through its UK store network and online channels. Revenue is generated from: (1) product sales across core categories such as buildi...
Wickes Group Earnings Call Summary
Earnings Call Date:Sep 15, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 25, 2027
Earnings Call Sentiment Positive
The call was strongly positive, with revenue, profit, volume, market share, TradePro membership and Q3 trading momentum all improving. The company also reported healthy cash generation, shareholder returns, store expansion and continued investment in growth initiatives. The main challenges were first-half product deflation, operating-cost inflation, a flat PBT margin, lower average order values in design and installation, and the still-small contribution from Solar, but management maintained full-year guidance and expects stronger profit growth in the second half.Positive Updates
Group Revenue and Adjusted Profit Growth
First-half group revenue increased 2.1%, while adjusted profit before tax increased 1.1% to GBP 27.6 million. Management attributed the performance to sustained volume growth and the productivity plan, despite the absence of market tailwinds.
Negative Updates
Deflationary Pricing Environment
Product deflation was between 2% and 3% in the first half, and management said retail growth was volume led rather than supported by inflation. The company expects inflation to turn positive in Q4.
Read all updates
Q2-2026 Updates
Positive
Negative
Group Revenue and Adjusted Profit Growth
First-half group revenue increased 2.1%, while adjusted profit before tax increased 1.1% to GBP 27.6 million. Management attributed the performance to sustained volume growth and the productivity plan, despite the absence of market tailwinds.
Read all positive updates
Company Guidance
Management said Q3 retail sales were in mid-single-digit like-for-like growth and that the business was on track to meet market expectations of around 10% growth in PBT for the year; they expect H2 to show a good step-up in profit year-on-year and deliver an increase in PBT margin for the full year, with inflation expected to turn positive in Q4, about GBP 2 million of business-rates savings in H2, and around GBP 40 million of CapEx for the year as a whole. They plan a further four store refits or refreshes, four to five new stores within the year, between seven to nine new stores in 2027, and 10+ per year from 2028; tech investment is expected to show a small increase versus 2026, including around GBP 20 million of project development costs in tech through the P&L next year, while the interim dividend increased 2.8% from GBP 0.036-GBP 0.037.Wickes Group Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.65B | 1.64B | 1.54B | 1.55B | 1.56B | 1.53B |
| Gross Profit | 614.30M | 603.80M | 566.60M | 565.00M | 570.50M | 568.50M |
| EBITDA | 175.70M | 184.70M | 158.90M | 172.30M | 173.70M | 199.90M |
| Net Income | 36.90M | 38.50M | 18.40M | 29.80M | 31.90M | 58.80M |
Balance Sheet | ||||||
| Total Assets | 1.16B | 1.10B | 1.08B | 1.07B | 1.10B | 1.16B |
| Cash, Cash Equivalents and Short-Term Investments | 151.60M | 91.70M | 86.30M | 97.50M | 99.50M | 123.40M |
| Total Debt | 705.20M | 719.80M | 705.30M | 675.80M | 691.30M | 742.10M |
| Total Liabilities | 1.05B | 969.80M | 932.50M | 909.80M | 940.10M | 996.10M |
| Stockholders Equity | 110.40M | 130.50M | 145.30M | 163.30M | 164.40M | 160.80M |
Cash Flow | ||||||
| Free Cash Flow | 167.30M | 177.30M | 135.90M | 147.20M | 85.30M | 74.90M |
| Operating Cash Flow | 192.70M | 200.10M | 162.00M | 179.30M | 125.70M | 101.40M |
| Investing Cash Flow | -27.80M | -25.20M | -14.70M | -30.90M | -38.10M | 98.30M |
| Financing Cash Flow | -171.30M | -169.50M | -158.50M | -150.40M | -111.50M | -82.80M |
Wickes Group Technical Analysis
Positive
193.40
Price Trends
200.89
Positive
194.01
Positive
199.04
Positive
Market Momentum
10.55
Negative
79.27
Negative
89.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WIX, the sentiment is Positive. The current price of 193.4 is below the 20-day moving average (MA) of 216.37, below the 50-day MA of 200.89, and below the 200-day MA of 199.04, indicating a bullish trend. The MACD of 10.55 indicates Negative momentum. The RSI at 79.27 is Negative, neither overbought nor oversold. The STOCH value of 89.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:WIX.
Wickes Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £1.75B | 11.26 | 99.65% | 8.13% | 3.08% | -0.16% | |
71 Outperform | £4.32B | 16.40 | 22.80% | 2.74% | 4.15% | 5.60% | |
70 Outperform | £70.41M | 13.66 | 89.58% | 8.66% | 8.67% | ― | |
67 Neutral | £5.71B | 20.14 | 4.86% | 3.52% | 1.24% | 69.63% | |
67 Neutral | £269.30M | 16.87 | 24.66% | 2.67% | 7.34% | 169.28% | |
62 Neutral | £517.86M | 14.56 | 30.64% | 3.10% | 4.21% | 72.12% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
GB:WIX
Wickes Group
235.50
25.20
11.98%
GB:DNLM
Dunelm Group
867.00
-165.61
-16.04%
GB:HWDN
Howden Joinery
803.50
-37.00
-4.40%
GB:KGF
Kingfisher
351.80
55.39
18.69%
GB:TPT
Topps Tiles
35.80
3.72
11.58%
GB:VIC
Victorian Plumbing Group Plc
82.00
8.04
10.87%
Wickes Group Corporate Events
Business Operations and StrategyFinancial Disclosures
Wickes lifts Q3 sales and maintains profit outlook as Retail outperforms
Positive
Oct 20, 2026
Wickes Group reported a 4.5% rise in third-quarter revenue to £439m, driven by strong volume growth and improved Retail performance, where revenue climbed 6.0% and like-for-like sales rose 5.6%. The company is seeing market share gains in key...
Business Operations and StrategyExecutive/Board Changes
Wickes Names Octavia Morley Chair of Remuneration Committee
Neutral
Sep 25, 2026
Wickes Group Plc has appointed existing Independent Non-executive Director Octavia Morley as Chair of its Remuneration Committee, effective 1 October 2026, replacing Mark Clare in the role. Clare will remain on the committee, ensuring continuity a...
Business Operations and StrategyExecutive/Board Changes
Wickes Director Mike Iddon Joins Board of B&M European Value Retail
Positive
Sep 23, 2026
Wickes Group Plc has announced that independent non-executive director Mike Iddon will join BM European Value Retail plc as a non-executive director, effective 4 January 2027. The appointment underscores the cross-boardroom ties between major U.K....
Business Operations and StrategyDividendsFinancial Disclosures
Wickes posts volume-led growth as TradePro and design projects drive interim results
Positive
Sep 15, 2026
Wickes Group reported a solid interim performance for the 26 weeks to 27 June 2026, with total revenue up 2.1% year on year to £865.3m and adjusted profit before tax rising 1.1% to £27.6m, despite deflation and cost inflation. Retail rev...
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.