Did you know that the UK broad celebration occasions market is significant in size and creates a targeted market opportunity of some £13.4bn?
Next Tuesday morning, 24th September, the UK's leading specialist retailer of greeting cards, gifts and celebration essentials, will announce its interim results for the six months to end-July.
The £451m capitalised Card Factory designs and manufactures an extensive range of high-quality cards, gifts and celebration essentials at exceptional value.
The group has an estate of over 1,000 stores across the UK & Ireland, as well as an expanding international presence in South Africa, Australia and the Middle East, and a growing online and omnichannel offer.
Analysts Russell Pointon and Milo Bussell at Edison Investment Research have a massive 180p a share valuation on its equity.
Their estimates for the full-year to end-January 2025 suggest revenues rising to £545.8m (£510.9m) with pre-tax profits of £67.1m (64.2m), lifting earnings to 14.4p (13.9p) and dividend up to 5.8p (4.5p) per share.
For the coming year to end-January 2026, they see takings of £588.9m, £74.2m profits, 15.9p earnings and a 6.4p dividend.
I like this business and rate its shares, now 130p, as a good medium-term investment, accordingly I now set a new Target Price of 160p.
(Profile 05.08.20 @ 42p set a Target Price of 60p*)
(Profile 19.09.24 @ 130p set a Target Price of 160p)
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