Big Yellow Group (BYG) AI Stock Analysis

• Market Cap: $1.87B
• Dividend Yield: 4.95%
• Average Volume (3M): 540.00K
• Price to Earnings (P/E): 9.2
• Beta (1Y): 0.76
• Revenue Growth: 2.44%
• EPS Growth: -18.76%
• Country: UK
• Employees: 503
• Sector: Real Estate
• Sector Strength: 57
• Industry: REIT - Industrial
• EPS (TTM): N/A
• Shares Outstanding: 196,764,700
• 10 Day Avg. Volume: 352,467
• 30 Day Avg. Volume: 539,999
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.20
• Enterprise Value/Revenue: 10.96
• Enterprise Value/Gross Profit: 15.03
• Enterprise Value/Ebitda: 17.59
• 1Y Price Target: $1,145.32
• Price Target Upside: 20.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 78 Outperform
• Price Target: 1,067.00p ▲(12.67% Upside)

Big Yellow Group's overall stock score is driven by strong financial performance and positive corporate events. The company's robust financial health, strategic expansion, and attractive valuation metrics are significant strengths. However, technical indicators suggest some short-term bearish trends, which slightly offset the positive outlook.

Positive Factors

Business Prospects

Housing transaction growth and increasing demand for storage are improving business prospects for Big Yellow.

Financial Performance

Big Yellow has better EBITDA margins and the highest revenue per square foot compared to its peers.

Valuation

The valuation of Big Yellow is considered attractive, with a significant discount to net tangible assets.

Negative Factors

Demand and Occupancy

Higher levels of macroeconomic uncertainty have impacted consumer confidence, leading to some softening in demand and some loss of occupancy.

Stock Performance

Big Yellow's shares are down 5% year to date and have underperformed the UK EPRA Index, which is up 3% over the same period.

Big Yellow Group Business Overview & Revenue Model

Company Description

Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 103 stores, including 25 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further 11 Big Yellow self storage development sites, of which eight have planning consent. The current maximum lettable area of the existing platform (including Armadillo) is 6.0 million sq ft. When fully built out the portfolio will provide approximately 6.8 million sq ft of flexible storage space. Of the Big Yellow stores and sites, 98% by value are held freehold and long leasehold, with the remaining 2% short leasehold. The Group has pioneered the development of the latest generation of self storage facilities, which utilise state of the art technology and are in high profile, accessible, main road locations. Our focus on the location and visibility of our Big Yellow stores, coupled with our excellent customer service and our market leading online platform, has created the most recognised brand name in the UK self storage industry.

How the Company Makes Money

Big Yellow Group makes money by renting out self-storage units to individuals and businesses. The company's revenue model is based on generating income through occupancy rates and rental fees, which vary depending on the size and location of the storage units. Ancillary services such as insurance sales, packaging materials, and administrative fees also contribute to the company's earnings. Additionally, BYG benefits from strategic partnerships with businesses that require storage solutions, enhancing its revenue through long-term contracts. The company's focus on prime locations and high-quality facilities helps maintain strong occupancy rates and premium pricing, further driving its profitability.

Big Yellow Group Financial Statement Overview

Summary

Big Yellow Group's financial performance is robust, characterized by strong revenue growth, high profitability margins, and a solid balance sheet with low leverage. The company exhibits effective cash flow management and has maintained stability despite fluctuations in net income. While there are some concerns over declining equity and net income, the overall financial health remains strong, positioning the company well for future growth and stability.

Income Statement

Big Yellow Group has demonstrated strong revenue growth with a Revenue Growth Rate of 2.44% in the latest annual report. The company maintains healthy profitability with a high Gross Profit Margin of approximately 69.6% and a robust Net Profit Margin of 98.69% due to significant non-operating income. The EBIT and EBITDA margins are also strong at 61.93% and 108.72%, respectively, indicating solid operational efficiency. However, the decline in Net Income from the previous year suggests potential volatility in earnings.

Balance Sheet

The balance sheet of Big Yellow Group is solid, with a strong Equity Ratio of 84.71%, indicating financial stability and low leverage risk. The Debt-to-Equity Ratio is modest at 0.16, showing conservative debt usage. However, the decline in Stockholders' Equity compared to the previous year suggests potential challenges in asset value or retained earnings growth. The Return on Equity (ROE) remains impressive at 7.87%, highlighting effective use of equity in generating profits.

Cash Flow

The cash flow statements reveal a stable operating cash flow with an Operating Cash Flow to Net Income Ratio of 0.57. The Free Cash Flow has grown by 9.34% from the previous year, reflecting efficient cash management. While the Free Cash Flow to Net Income Ratio stands at 0.57, indicating room for improvement, the company shows a positive cash flow trend, enhancing its capacity to reinvest or reduce debt.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	204.50M	199.62M	188.83M	171.32M	135.24M
Gross Profit	142.37M	143.63M	134.52M	120.94M	91.90M
EBITDA	222.32M	266.58M	94.66M	708.26M	272.77M
Net Income	201.89M	239.83M	73.33M	697.27M	265.19M
Balance Sheet
Total Assets	3.03B	2.91B	2.75B	2.67B	1.84B
Cash, Cash Equivalents and Short-Term Investments	8.77M	9.36M	8.33M	8.61M	12.32M
Total Debt	410.33M	408.42M	512.27M	438.66M	353.37M
Total Liabilities	463.72M	459.64M	569.54M	486.00M	388.40M
Stockholders Equity	2.57B	2.45B	2.18B	2.18B	1.45B
Cash Flow
Free Cash Flow	114.57M	104.79M	5.56M	2.42M	4.39M
Operating Cash Flow	114.57M	104.79M	111.98M	107.57M	77.40M
Investing Cash Flow	-27.67M	-20.79M	-106.23M	-171.00M	-72.72M
Financing Cash Flow	-87.50M	-82.98M	-6.02M	59.71M	-43.77M

Big Yellow Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 947.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BYG, the sentiment is Negative. The current price of 947 is above the 20-day moving average (MA) of 932.85, below the 50-day MA of 953.88, and below the 200-day MA of 957.55, indicating a neutral trend. The MACD of -3.53 indicates Negative momentum. The RSI at 48.79 is Neutral, neither overbought nor oversold. The STOCH value of 80.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BYG.

Big Yellow Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SRE	80 Outperform	£1.60B	10.36	11.42%	4.13%	7.20%	34.17%
BYG	78 Outperform	$1.87B	9.24	8.06%	4.95%	2.44%	-18.76%
SAFE	76 Outperform	£1.48B	5.02	13.69%	4.60%	1.66%	11.42%
AGR	74 Outperform	£1.60B	9.33	10.66%	5.53%	16.01%	―
SGRO	69 Neutral	£8.86B	14.28	5.20%	4.65%	-4.77%	―
IWG	67 Neutral	£2.32B	166.23	29.10%	0.37%	-2.37%	―
Sector *	53 Neutral	$1.19B	3.17	-2.22%	6.01%	-2.18%	-157.54%

Big Yellow Group Corporate Events

Big Yellow Group Expands with New Store in Staines

Big Yellow Group PLC has opened a new 70,000 sq ft store in Staines, West London, marking the first of nine new sites under construction. This expansion is part of a strategic growth plan to increase capacity by 730,000 sq ft, with anticipated returns of 8.8% on a development cost of £422 million. The new stores are expected to significantly enhance the company’s market presence and operational income.

The most recent analyst rating on (GB:BYG) stock is a Buy with a £14.65 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Big Yellow Group PLC Grants Executive Share Options

Big Yellow Group PLC announced the granting of nil paid options over ordinary shares to its Executive Directors under the Long Term Investment Plan. These options, exercisable from August 2028 to July 2035, are subject to performance criteria and reflect the company’s commitment to aligning executive incentives with long-term shareholder value. This move is likely to strengthen the company’s leadership stability and could positively impact its market positioning by ensuring that key executives are motivated to drive future growth.

The most recent analyst rating on (GB:BYG) stock is a Buy with a £14.65 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Big Yellow Group Updates Share Capital and Voting Rights

Big Yellow Group PLC has announced that as of 31 July 2025, the company’s issued share capital consists of 196,764,696 ordinary shares with voting rights. This update is in accordance with the UK Financial Conduct Authority’s Disclosure and Transparency Rule 5.6.1. The announcement ensures shareholders are informed about the total number of shares with voting rights, which is crucial for determining their interest or changes in interest in the company under regulatory guidelines.

The most recent analyst rating on (GB:BYG) stock is a Hold with a £11.10 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Big Yellow Group Reports Revenue Growth Amidst Occupancy Challenges

Big Yellow Group PLC reported a 3% increase in total revenue for the first quarter of 2025, despite a decrease in occupancy compared to the previous year. The company has focused on cost control and automation to maintain operating expenses, and it continues to expand its capacity with new store openings. The company anticipates further growth with the opening of additional stores in the coming years, despite challenges such as macroeconomic uncertainty affecting demand.

The most recent analyst rating on (GB:BYG) stock is a Buy with a £14.65 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Big Yellow Group PLC Announces Total Voting Rights Update

Big Yellow Group PLC announced that as of June 30, 2025, its issued share capital consists of 196,714,696 ordinary shares with voting rights. This information is crucial for shareholders to determine their notification requirements under the UK Financial Conduct Authority’s Disclosure and Transparency Rules. The announcement underscores the company’s compliance with regulatory requirements and provides transparency for stakeholders regarding shareholding structures.

The most recent analyst rating on (GB:BYG) stock is a Buy with a £14.65 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Big Yellow Group Releases 2025 Annual Report and AGM Notice

Big Yellow Group PLC has published its 2025 Annual Report and Accounts, along with the notice for its upcoming Annual General Meeting scheduled for 17 July 2025. These documents are now accessible to shareholders and have been submitted to the National Storage Mechanism for public inspection. This release marks a continuation of the company’s commitment to transparency and regulatory compliance, potentially reinforcing stakeholder confidence and market positioning.

The most recent analyst rating on (GB:BYG) stock is a Buy with a £14.65 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Big Yellow Group Announces Total Voting Rights Update

Big Yellow Group PLC has announced its total voting rights as of May 31, 2025, with an issued share capital of 196,714,696 ordinary shares, all with voting rights. This update is in line with the UK Financial Conduct Authority’s Disclosure and Transparency Rule, allowing shareholders to calculate their interest in the company accurately.

The most recent analyst rating on (GB:BYG) stock is a Buy with a £14.65 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Big Yellow Group PLC Grants Share Options to Executive Directors

Big Yellow Group PLC announced that its Executive Directors, including Executive Chairman Nicholas Vetch, CEO James Gibson, and CFO John Trotman, have been granted nil cost options over ordinary shares as part of the Big Yellow Deferred Bonus Share Plan 2018. These options, exercisable from May 2028 to May 2035, reflect the company’s strategy to incentivize its leadership team, potentially impacting its long-term operational stability and aligning management interests with shareholder value.

The most recent analyst rating on (GB:BYG) stock is a Buy with a £14.65 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Big Yellow Group Appoints John Hunter as Executive Director

Big Yellow Group PLC has announced the appointment of John Hunter as an Executive Director, effective from the Annual General Meeting on 17 July. John Hunter, who joined the company as Chief Operating Officer in April 2024, brings over 20 years of experience in the retail and consumer services sectors, having previously worked with companies like Carphone Warehouse and HomeServe. His appointment is expected to significantly contribute to the company’s operations and strategic direction.

The most recent analyst rating on (GB:BYG) stock is a Buy with a £1275.00 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Big Yellow Group Reports Resilient Financial Performance and Strategic Growth

Big Yellow Group PLC reported a resilient financial performance for the year ending March 31, 2025, with a 3% increase in store revenue and an 8% rise in adjusted profit before tax. Despite macroeconomic uncertainties, the company maintained stable occupancy rates and achieved growth in net rents. The Group’s strategic focus on expanding its footprint in London continues to drive growth, with new store openings and a robust development pipeline. The company also made significant investments in sustainability, including solar retrofits, and maintained a low debt level, enhancing its financial flexibility.

The most recent analyst rating on (GB:BYG) stock is a Buy with a £1275.00 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.