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Big Yellow Group plc (GB:BYG)
LSE:BYG

Big Yellow Group (BYG) AI Stock Analysis

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GB:BYG

Big Yellow Group

(LSE:BYG)

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Neutral 68 (OpenAI - 5.2)
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Neutral 68 (OpenAI - 5.2)
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Neutral 68 (OpenAI - 5.2)
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Neutral 68 (OpenAI - 5.2)
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Neutral 68 (OpenAI - 5.2)
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Neutral 68 (OpenAI - 5.2)
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Neutral 68 (OpenAI - 5.2)
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Neutral 68 (OpenAI - 5.2)
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Neutral 68 (OpenAI - 5.2)
Rating:68Neutral
Price Target:
1,116.00 p
▲(19.10% Upside)
Action:DowngradedDate:12/07/25
Big Yellow Group's overall stock score is driven by strong financial performance and strategic expansion efforts, which are slightly offset by bearish technical indicators and potential cost challenges from increased property rates. The company's moderate valuation and attractive dividend yield provide additional support to the score.
Positive Factors
Strong balance sheet / low leverage
A very high equity ratio and modest debt-to-equity indicate durable financial resilience. Low leverage reduces refinancing and interest-rate risk, supports capacity to fund development or absorb shocks, and preserves flexibility for long-term investments or acquisitions.
Improving free cash flow and stable operating cash
Growing free cash flow and stable operating cash flow signal strong cash generation from core operations. This underpins sustainable reinvestment in stores, dividend support, and debt reduction, strengthening long-term capital allocation and business stability.
Strategic expansion (London acquisition)
A strategic acquisition in London expands lettable area and market presence in a high-demand region. Controlled, accretive expansion enhances scale, supports revenue growth over time, and leverages the existing brand to capture more recurring rental income.
Negative Factors
Declining equity and net income
Falling equity and net income suggest pressure on retained earnings or asset valuations. Persisting declines can weaken book strength, limit distributable reserves, and signal earnings volatility that may constrain long-term investment and dividend capacity.
Material EPS contraction
A large negative EPS growth indicates substantial earnings variability. Persistent EPS weakness erodes investor-return metrics and may reflect operational or non-recurring issues, reducing ability to sustainably fund growth initiatives or maintain consistent shareholder distributions.
Net margin driven by non-operating income
An outsized net margin skewed by non-operating items implies reported profit is not fully from core storage operations. Reliance on non-recurring income can mask underlying operating performance, making future profitability less predictable and planning less reliable.

Big Yellow Group (BYG) vs. iShares MSCI United Kingdom ETF (EWC)

Big Yellow Group Business Overview & Revenue Model

Company DescriptionBig 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 MoneyBig Yellow Group primarily generates revenue through the rental of self-storage units to customers on a short-term and long-term basis. The company charges customers monthly or weekly fees based on the size of the storage unit and the duration of the rental. In addition to unit rentals, BYG earns income from ancillary services, including the sale of packing materials, insurance for stored items, and other related services. The company also benefits from partnerships with local businesses and community organizations, which can drive additional traffic to their facilities. Factors contributing to BYG's earnings include strong demand for storage solutions, competitive pricing strategies, and effective marketing efforts that enhance brand visibility in the self-storage market.

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
85
Very Positive
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
78
Positive
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
82
Very Positive
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.
BreakdownTTMMar 2024Mar 2023Mar 2022Mar 2020Mar 2019
Income Statement
Total Revenue206.68M204.50M188.83M171.32M135.24M129.31M
Gross Profit149.01M142.37M134.52M120.94M91.90M88.81M
EBITDA145.81M222.32M122.46M708.26M272.77M104.42M
Net Income130.50M201.89M73.33M697.27M265.19M92.58M
Balance Sheet
Total Assets3.11B3.03B2.75B2.67B1.84B1.62B
Cash, Cash Equivalents and Short-Term Investments7.22M8.77M8.33M8.61M12.32M51.42M
Total Debt462.82M410.33M512.27M438.66M353.37M418.67M
Total Liabilities519.91M463.72M569.54M486.00M388.40M452.44M
Stockholders Equity2.59B2.57B2.18B2.18B1.45B1.16B
Cash Flow
Free Cash Flow51.53M114.57M5.56M2.42M4.39M10.52M
Operating Cash Flow112.37M114.57M111.98M107.57M77.40M74.26M
Investing Cash Flow-99.52M-27.67M-106.23M-171.00M-72.72M-48.42M
Financing Cash Flow-11.23M-87.50M-6.02M59.71M-43.77M7.67M

Big Yellow Group Technical Analysis

Technical Analysis Sentiment
Negative
Last Price937.00
Price Trends
50DMA
1022.76
Negative
100DMA
1038.69
Negative
200DMA
989.01
Negative
Market Momentum
MACD
-30.37
Positive
RSI
30.75
Neutral
STOCH
31.23
Neutral
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 937 is below the 20-day moving average (MA) of 991.30, below the 50-day MA of 1022.76, and below the 200-day MA of 989.01, indicating a bearish trend. The MACD of -30.37 indicates Positive momentum. The RSI at 30.75 is Neutral, neither overbought nor oversold. The STOCH value of 31.23 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
£1.58B4.9312.27%5.71%4.80%37.75%
75
Outperform
£3.77B3.987.75%5.85%-20.83%
68
Neutral
£1.84B6.405.06%4.54%1.81%-51.09%
68
Neutral
£1.49B12.2813.69%4.25%1.66%11.42%
67
Neutral
£1.30B2.4510.25%3.62%-8.66%553.35%
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
57
Neutral
£733.46M-2.68-5.24%7.31%-1.67%-120.18%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:BYG
Big Yellow Group
937.00
42.00
4.69%
GB:BLND
British Land Company plc
376.60
35.02
10.25%
GB:GRI
Grainger
175.60
-20.10
-10.27%
GB:SAFE
Safestore Holdings
682.50
95.13
16.20%
GB:WKP
Workspace Group plc R.E.I.T.
381.50
-23.65
-5.84%
GB:SRE
Sirius Real Estate
99.80
18.51
22.78%

Big Yellow Group Corporate Events

Business Operations and StrategyExecutive/Board Changes
Big Yellow sets out long-planned CEO succession as co-founder Jim Gibson retires
Positive
Mar 2, 2026

Big Yellow Group has announced a planned CEO succession, with long-serving co-founder Jim Gibson set to retire and step down from the board in July 2026 after 23 years at the helm. Chief Operating Officer John Hunter, who joined the company in 2024 and has extensive experience in retail and consumer services, will assume the chief executive role following a transition process that the board says has been in development for nearly four years.

Chairman Nicholas Vetch and other senior executives emphasised the structured nature of the succession, highlighting Hunter’s operational, financial and strategic capabilities, as well as his cultural fit within the organisation. The leadership change is framed as a continuity move designed to sustain Big Yellow’s market-leading position in UK self storage and support its ongoing growth strategy, giving investors and other stakeholders reassurance about the stability of management and the long-term development of the business.

The most recent analyst rating on (GB:BYG) stock is a Buy with a £1200.00 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Regulatory Filings and Compliance
Big Yellow Confirms Total Voting Rights After Share Capital Update
Neutral
Feb 27, 2026

Big Yellow Group PLC has confirmed that as of 27 February 2026 its issued share capital stands at 196,818,571 ordinary shares, all of which carry voting rights, with no shares held in treasury. This updated share count sets the official denominator that shareholders must use when calculating whether their holdings trigger disclosure obligations under the UK Financial Conduct Authority’s transparency rules, guiding investors on when they must report changes in their stakes.

The most recent analyst rating on (GB:BYG) stock is a Buy with a £1200.00 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Regulatory Filings and Compliance
Big Yellow Confirms Total Voting Share Capital at 196.8 Million
Neutral
Jan 30, 2026

Big Yellow Group plc has confirmed that, as at 30 January 2026, its issued share capital consists of 196,818,571 ordinary shares, all of which carry voting rights, with no shares held in treasury. The disclosure clarifies the total number of voting shares that investors should use as the denominator when assessing whether they must notify the company and regulators about changes in their shareholdings, supporting transparency and compliance with UK Financial Conduct Authority rules.

The most recent analyst rating on (GB:BYG) stock is a Buy with a £1198.00 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Big Yellow edges revenue and earnings higher as occupancy stabilises and expansion continues
Positive
Jan 20, 2026

Big Yellow Group reported a 2% increase in total revenue to £52.3m for the quarter to 31 December 2025 and 2% growth year to date, supported by higher net achieved rent per square foot, which rose 3–4% despite a modest decline in occupancy. Overall closing occupancy fell to 75.4% amid seasonal weakness and additional new capacity, but the reduction in occupied space was significantly smaller than last year, and like-for-like occupancy performance improved quarter-on-quarter, helped by a recovery in both domestic and business demand, including a notable swing to growth in business occupancy. Like-for-like operating expenses were slightly lower year to date, though the group plans to reinvest savings into digital marketing, and it expects full-year adjusted EPS growth of around 2%, dampened by the absence of a prior-year £4m insurance gain. The company continues to expand its footprint with two recently opened London stores performing well, two more openings planned before year-end, and planning consent secured on most of its 13-site pipeline, while maintaining a conservative, largely variable-rate debt structure that management believes will position the business to benefit from potential interest-rate cuts and further consolidation opportunities in the self storage market.

The most recent analyst rating on (GB:BYG) stock is a Hold with a £1100.00 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Financial Disclosures
Big Yellow to Report Third-Quarter Results on 20 January 2026
Neutral
Jan 16, 2026

Big Yellow Group PLC has announced that it will release its results for the third quarter ended 31 December 2025 at 7am on Tuesday, 20 January 2026. The scheduled update will provide investors and stakeholders with further insight into the recent trading performance of the UK self-storage market leader and may indicate how demand and occupancy trends are evolving in its core business.

The most recent analyst rating on (GB:BYG) stock is a Hold with a £1100.00 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Regulatory Filings and Compliance
Big Yellow Confirms Total Voting Rights at Year-End 2025
Neutral
Dec 31, 2025

Big Yellow Group plc has confirmed that as of 31 December 2025 its issued share capital consists of 196,817,698 ordinary shares, all of which carry voting rights, and that it holds no shares in treasury. This total will serve as the reference figure for shareholders and investors when calculating whether they are required to disclose holdings or changes in their interests in the company under UK Financial Conduct Authority Disclosure and Transparency Rules, providing clarity on the company’s capital base and governance framework.

The most recent analyst rating on (GB:BYG) stock is a Hold with a £1120.00 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Big Yellow Secures Planning for New Leicester Self-Storage Facility
Positive
Dec 18, 2025

Big Yellow Group PLC has announced gaining planning approval for a 58,000 sq ft self-storage facility in Leicester, marking its entry into a new market. The facility, expected to open in late 2027, is anticipated to deliver an 8.7% net operating income return upon stabilization, adding to the company’s already sizeable development pipeline, which now includes planning consent for 10 out of 13 upcoming stores.

The most recent analyst rating on (GB:BYG) stock is a Hold with a £1120.00 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

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.Date of analysis: Dec 07, 2025