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TheWorks.co.uk plc
(LSE:WRKS)
Select Model
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Rating:60Neutral
Price Target:
100.00 p
▲(14.94% Upside)
Action:Reiterated
Date:07/26/26
The score is held back mainly by weakened profitability and high leverage (net margin compression and ~4.7x debt-to-equity), despite resilient—though slowing—cash generation. Technicals are supportive with a strong uptrend and positive MACD, and valuation is helped by a low P/E, but momentum appears stretched (RSI/Stoch elevated), tempering the overall rating.
Positive Factors
Resilient cash generation
Consistently positive operating and free cash flow provides an internal source of funding for working capital, investment, and obligations. Although cash flow weakened year over year, the ongoing positive generation offers the business greater resilience than a retailer dependent on external financing.
Negative Factors
Revenue contraction
Two consecutive years of revenue decline indicate weakening top-line momentum rather than an isolated quarterly fluctuation. Sustained contraction can reduce store and central-cost operating leverage, pressure supplier economics, and make it harder to rebuild profitability without renewed customer demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient cash generation
Consistently positive operating and free cash flow provides an internal source of funding for working capital, investment, and obligations. Although cash flow weakened year over year, the ongoing positive generation offers the business greater resilience than a retailer dependent on external financing.
Read all positive factors
TheWorks.co.uk plc (WRKS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£59.37M
Dividend Yield0.04%
Average Volume (3M)133.65K
Price to Earnings (P/E)51.1
Beta (1Y)0.09
Revenue Growth-6.13%
EPS Growth-82.79%
CountryUK
Employees3,600
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.02
Shares Outstanding62,500,000
10 Day Avg. Volume154,783
30 Day Avg. Volume133,651
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)1.50
Price to Sales (P/S)0.10
P/FCF Ratio1.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.11
Revenue Forecast (FY)£270.30M
TheWorks.co.uk plc Business Overview & Revenue Model
Company Description
TheWorks.co.uk plc operates as a prominent retailer, providing a diverse selection of products that include gifts, art and craft supplies, toys, books, and stationery. Its merchandise is accessible to consumers through both an extensive network of...
How the Company Makes Money
TheWorks primarily makes money by purchasing products (often in high volumes and at value price points) and reselling them to consumers at a markup through two main retail channels: (1) its brick-and-mortar stores and (2) its online store. Revenue...
TheWorks.co.uk plc Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
28
Negative
Cash Flow
62
Positive
| Breakdown | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 260.05M | 277.04M | 282.58M | 280.10M | 264.63M |
| Gross Profit | 51.51M | 53.75M | 51.82M | 43.90M | 55.03M |
| EBITDA | 36.99M | 36.59M | 33.96M | 38.21M | 39.13M |
| Net Income | 1.41M | 8.18M | 6.38M | 5.27M | 13.96M |
Balance Sheet | |||||
| Total Assets | 130.69M | 126.95M | 118.81M | 137.26M | 149.33M |
| Cash, Cash Equivalents and Short-Term Investments | 3.60M | 4.12M | 1.62M | 10.20M | 16.28M |
| Total Debt | 81.86M | 74.93M | 77.76M | 98.22M | 111.14M |
| Total Liabilities | 113.14M | 111.11M | 108.73M | 135.60M | 148.95M |
| Stockholders Equity | 17.34M | 15.84M | 10.09M | 1.65M | 378.00K |
Cash Flow | |||||
| Free Cash Flow | 23.32M | 27.60M | 17.87M | 20.61M | 45.33M |
| Operating Cash Flow | 29.53M | 33.48M | 25.16M | 29.22M | 49.16M |
| Investing Cash Flow | -5.90M | -5.00M | -5.83M | -6.45M | -2.94M |
| Financing Cash Flow | -24.42M | -25.53M | -27.21M | -29.42M | -38.13M |
TheWorks.co.uk plc Technical Analysis
Positive
87.00
Price Trends
83.06
Positive
70.86
Positive
53.99
Positive
Market Momentum
3.07
Negative
65.54
Neutral
73.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WRKS, the sentiment is Positive. The current price of 87 is below the 20-day moving average (MA) of 88.64, above the 50-day MA of 83.06, and above the 200-day MA of 53.99, indicating a bullish trend. The MACD of 3.07 indicates Negative momentum. The RSI at 65.54 is Neutral, neither overbought nor oversold. The STOCH value of 73.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:WRKS.
TheWorks.co.uk plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £226.49M | 7.59 | 9.00% | 7.35% | 7.41% | -34.62% | |
69 Neutral | £1.51B | 9.74 | 99.65% | 10.12% | 3.08% | -0.17% | |
65 Neutral | £758.71M | 16.00 | -99.49% | 1.26% | 6.54% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | £52.30M | 33.33 | 16.45% | 2.22% | 23.02% | 57.61% | |
60 Neutral | £59.37M | 51.08 | 9.46% | 0.04% | -6.13% | -82.79% | |
45 Neutral | £562.67M | -3.67 | -90.46% | 4.62% | -30.52% | -2064.92% |
* Consumer Cyclical Sector Average
GB:WRKS
TheWorks.co.uk plc
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44.20
91.70%
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TheWorks.co.uk plc Corporate Events
Business Operations and StrategyShareholder Meetings
TheWorks.co.uk PLC Rebrands as TheWorks plc Without Changing AIM Trading Details
Neutral
Sep 8, 2026
TheWorks plc has formally changed its registered name from TheWorks.co.uk plc to TheWorks plc following shareholder approval at its annual general meeting. Companies House has issued the certificate confirming the change, aligning the corporate id...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
TheWorks.co.uk AGM backs board but rejects requisitioned director and approves name change
Neutral
Sep 7, 2026
TheWorks.co.uk plc reported that shareholders approved all resolutions at its latest Annual General Meeting except a proposal, requisitioned by Kelso Group Holdings plc, to appoint Graeme Coulthard as a director. Core governance items, including r...
Business Operations and StrategyFinancial Disclosures
The Works lifts FY27 earnings guidance after strong sales growth
Positive
Sep 7, 2026
TheWorks.co.uk plc reported strong trading momentum in the first 18 weeks of its FY27 financial year, with like-for-like sales up 10.4%, compared with 5.9% in the same period of FY26. Growth was driven across all four product categories, underscor...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Proxy advisers back TheWorks.co.uk board ahead of contested AGM
Positive
Sep 1, 2026
TheWorks.co.uk plc said leading proxy advisers ISS and Glass Lewis have urged shareholders to back all 14 management-backed resolutions at its upcoming annual general meeting, while opposing a shareholder proposal from Kelso to appoint Graeme Coul...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresShareholder Meetings
TheWorks.co.uk Board Urges Shareholders to Reject Activist-Backed Director Bid at AGM
Neutral
Aug 13, 2026
TheWorks.co.uk has published its annual report for the 52 weeks to 3 May 2026 and the notice of its 2026 AGM, scheduled for 7 September in London. Shareholders are being urged to vote on resolutions either directly or via nominees and platforms, w...
Business Operations and StrategyFinancial Disclosures
TheWorks.co.uk boosts profits as store-focused strategy lifts sales
Positive
Jul 23, 2026
TheWorks.co.uk reported a 3.1% rise in revenue to £260m for the 52 weeks to 3 May 2026, with like-for-like sales up 3.3%, comfortably ahead of the wider non-food retail market. Pre-IFRS 16 adjusted EBITDA jumped 47% to £14m and adjusted ...
Business Operations and StrategyFinancial Disclosures
The Works Schedules Preliminary Results and Investor Presentation for 23 July
Positive
Jul 8, 2026
The Works has announced it will publish its preliminary results for the 52 weeks ended 3 May 2026 on Thursday 23 July 2026, giving investors and analysts an update on the performance of its nationwide retail network. On the same day, CEO Gavin Pec...
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.