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Currys plc
(LSE:CURY)
Select Model
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Rating:68Neutral
Price Target:
174.00 p
▲(18.77% Upside)
Action:Downgraded
Date:07/04/26
The score is driven primarily by improving financial performance (profitability recovery, reduced leverage, and continued positive free cash flow), supported by favorable technical trends (price above key moving averages with positive MACD). Valuation is acceptable on P/E but the modest dividend yield and thin/variable retail profitability keep the overall score in the high-60s rather than higher.
Positive Factors
Improved leverage and equity rebuild
Material reduction in total debt and a rebuilt equity base materially improve financial flexibility and resilience for a cyclical retailer. Lower leverage reduces refinancing risk, supports investment in omnichannel and services, and provides a stronger cushion against demand downturns.
Negative Factors
Structurally thin retail margins
Persistently slim operating and net margins leave limited buffer against cost inflation, supplier pressure, or weaker consumer spending. With low margin elasticity, small revenue or cost swings can disproportionately impact profitability and constrain reinvestment or dividend upside.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and equity rebuild
Material reduction in total debt and a rebuilt equity base materially improve financial flexibility and resilience for a cyclical retailer. Lower leverage reduces refinancing risk, supports investment in omnichannel and services, and provides a stronger cushion against demand downturns.
Read all positive factors
Currys plc (CURY) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.66B
Dividend Yield1.39%
Average Volume (3M)3.18M
Price to Earnings (P/E)10.5
Beta (1Y)0.90
Revenue Growth6.29%
EPS Growth50.85%
CountryUK
Employees24,000
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.15
Shares Outstanding1,093,205,700
10 Day Avg. Volume2,944,398
30 Day Avg. Volume3,179,128
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.55
Price to Sales (P/S)0.14
P/FCF Ratio4.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£182.25Price Target Upside24.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.14
Revenue Forecast (FY)£9.54B
Currys plc Business Overview & Revenue Model
Company Description
Currys Plc operates as a prominent retailer, providing a comprehensive range of technology products and associated services. Its business activities are segmented across key geographical regions: the UK and Ireland, the Nordic countries, and Greec...
How the Company Makes Money
Currys makes money primarily by selling consumer electronics and home appliances to customers through its physical retail stores and e-commerce channels. Revenue is generated from (1) product sales across categories such as computing, mobile, TVs/...
Currys plc Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
70
Positive
Cash Flow
67
Positive
| Breakdown | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.25B | 8.71B | 8.48B | 9.51B | 10.14B |
| Gross Profit | 264.00M | 1.62B | 1.53B | 1.66B | 1.79B |
| EBITDA | 514.00M | 494.00M | 421.00M | -56.00M | 560.00M |
| Net Income | 165.00M | 108.00M | 165.00M | -481.00M | 71.00M |
Balance Sheet | |||||
| Total Assets | 5.63B | 5.42B | 5.31B | 5.85B | 6.91B |
| Cash, Cash Equivalents and Short-Term Investments | 176.00M | 179.00M | 125.00M | 97.00M | 126.00M |
| Total Debt | 952.00M | 965.00M | 1.03B | 1.43B | 1.35B |
| Total Liabilities | 3.22B | 3.18B | 3.24B | 3.96B | 4.41B |
| Stockholders Equity | 2.41B | 2.24B | 2.07B | 1.89B | 2.50B |
Cash Flow | |||||
| Free Cash Flow | 279.00M | 376.00M | 318.00M | 159.00M | 295.00M |
| Operating Cash Flow | 358.00M | 453.00M | 366.00M | 270.00M | 428.00M |
| Investing Cash Flow | -79.00M | -82.00M | 143.00M | -111.00M | -134.00M |
| Financing Cash Flow | -291.00M | -285.00M | -493.00M | -197.00M | -340.00M |
Currys plc Technical Analysis
Positive
146.50
Price Trends
150.64
Positive
142.95
Positive
139.71
Positive
Market Momentum
2.93
Positive
61.21
Neutral
88.41
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CURY, the sentiment is Positive. The current price of 146.5 is below the 20-day moving average (MA) of 159.29, below the 50-day MA of 150.64, and above the 200-day MA of 139.71, indicating a bullish trend. The MACD of 2.93 indicates Positive momentum. The RSI at 61.21 is Neutral, neither overbought nor oversold. The STOCH value of 88.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CURY.
Currys plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £519.46M | 14.36 | 21.65% | ― | 11.35% | 247.54% | |
68 Neutral | £1.66B | 10.45 | 5.88% | 1.18% | 6.29% | 50.85% | |
68 Neutral | £521.82M | 15.76 | -6.79% | 6.30% | 5.04% | ― | |
65 Neutral | £1.77B | 11.86 | 105.88% | 3.99% | 4.39% | -1.37% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | £413.39M | -1.79 | -155.17% | ― | -15.00% | 21.71% | |
44 Neutral | £614.09M | -4.00 | -90.46% | 4.48% | -30.52% | -2064.92% |
* Consumer Cyclical Sector Average
GB:CURY
Currys plc
161.90
47.05
40.97%
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GB:AO
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Currys plc Corporate Events
Business Operations and StrategyStock Buyback
Currys Launches New £50m Share Buyback to Boost Capital Efficiency
Positive
Jul 2, 2026
Currys plc has launched a new share buyback programme of up to £50m, following the successful completion of a previous £50m buyback earlier this year. The company has mandated Panmure Liberum to execute on‑market purchases of up to...
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsFinancial Disclosures
Currys lifts profits, cash returns and margins as Nordics drive growth
Positive
Jul 2, 2026
Currys reported a strong set of full-year results to 2 May 2026, with group revenue up 6% to £9.25bn on 4% like-for-like growth and adjusted profit before tax rising 18% to £191m. Adjusted EBIT climbed 13% to £255m, free cash flow i...
Regulatory Filings and Compliance
Currys updates market on issued share capital and voting rights
Neutral
Jul 1, 2026
Currys plc has confirmed that, as of 30 June 2026, its issued share capital comprises 1,097,072,400 ordinary shares of 0.1 pence each, all of which carry voting rights and none of which are held in treasury. This disclosure, made in line with the ...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Currys names Nordics chief Fredrik Tønnesen as new group CEO
Positive
Jun 3, 2026
Currys plc, a major electronics and technology retailer across the UK, Ireland and the Nordics, combines online and store-based sales with services such as iD Mobile and large-scale repair and logistics operations. The group positions itself as a ...
Regulatory Filings and Compliance
Currys Updates Share Capital and Voting Rights for Regulatory Disclosures
Neutral
Jun 1, 2026
Currys plc has confirmed that its issued share capital at the close of business on 29 May 2026 comprised 1,097,072,400 ordinary shares of 0.1 pence each, all of which carry voting rights and with no shares held in treasury. This updated share coun...
Business Operations and StrategyExecutive/Board Changes
Currys’ Senior Independent Director Joins Wickes Board as Non-Executive Director
Positive
May 19, 2026
Currys plc has announced that its Senior Independent Director, Octavia Morley, has been appointed as a Non-Executive Director of Wickes Group PLC, effective 19 May 2026. The move underscores Morley’s growing influence in U.K. retail governan...
Business Operations and StrategyFinancial Disclosures
Currys lifts profit outlook as sales and cash generation strengthen
Positive
May 19, 2026
Currys reported strengthening trading momentum for the year to 2 May 2026, with group like-for-like sales up 4% and adjusted pre-tax profit expected around £191 million, an 18% year-on-year increase and slightly above prior guidance. The reta...
Regulatory Filings and Compliance
Currys Confirms Share Capital and Voting Rights for Disclosure Purposes
Neutral
May 1, 2026
Currys plc has confirmed that its issued share capital at the end of April 2026 stands at 1,097,072,400 ordinary shares, each carrying voting rights, and that it holds no ordinary shares in treasury. The company highlighted that this total share c...
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.