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Fuller Smith & Turner
(LSE:FSTA)
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Rating:67Neutral
Price Target:
812.00 p
▲(7.12% Upside)
Action:Downgraded
Date:06/11/26
The score is driven primarily by improving financial performance versus earlier years, tempered by 2026 margin pressure and historically volatile cash conversion. Technicals add support with a strong uptrend, though near-overbought RSI limits upside. Valuation is moderate with a mid-level P/E and a supportive (but not high) dividend yield.
Positive Factors
Premium estate and market position
Operating a concentrated estate of managed pubs, inns and hotels in London and the South provides durable location-driven demand, brand recognition and pricing power. This structural positioning supports steady footfall, higher average spend per customer and resilience versus generic operators over the medium term.
Negative Factors
2026 margin compression
Margin deterioration in 2026 signals cost or mix pressure that can persist absent structural fixes. For a hospitality operator with notable fixed costs, sustained margin compression reduces free cash generation, limits ability to fund capex or dividends, and erodes long-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Premium estate and market position
Operating a concentrated estate of managed pubs, inns and hotels in London and the South provides durable location-driven demand, brand recognition and pricing power. This structural positioning supports steady footfall, higher average spend per customer and resilience versus generic operators over the medium term.
Read all positive factors
Fuller Smith & Turner (FSTA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£374.96M
Dividend Yield2.97%
Average Volume (3M)36.53K
Price to Earnings (P/E)18.3
Beta (1Y)0.98
Revenue Growth5.71%
EPS Growth-19.77%
CountryUK
Employees5,270
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.39
Shares Outstanding31,078,142
10 Day Avg. Volume38,751
30 Day Avg. Volume36,529
Financial Highlights & Ratios
PEG Ratio-0.98
Price to Book (P/B)0.86
Price to Sales (P/S)0.88
P/FCF Ratio10.84
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)0.51
Revenue Forecast (FY)£412.17M
Fuller Smith & Turner Business Overview & Revenue Model
Company Description
Fuller, Smith & Turner P.L.C. is a prominent UK-based hospitality company primarily engaged in running pubs and hotels. Its operational model is segmented into two main divisions: properties that are directly managed by the company, and Tenanted I...
How the Company Makes Money
FSTA makes money primarily from operating its managed pubs, inns and hotels. Revenue is generated through on-premise sales of drinks (including beer, wine and spirits), food sales, and accommodation income from rooms in its inns and hotels. Additi...
Fuller Smith & Turner Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
66
Positive
Cash Flow
63
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 397.80M | 376.30M | 359.10M | 336.60M | 253.80M |
| Gross Profit | 45.90M | 149.30M | 113.80M | 118.20M | 73.90M |
| EBITDA | 69.70M | 74.70M | 55.00M | 49.60M | 48.60M |
| Net Income | 21.20M | 27.20M | 9.10M | 7.90M | 7.10M |
Balance Sheet | |||||
| Total Assets | 702.90M | 701.90M | 722.60M | 750.40M | 768.20M |
| Cash, Cash Equivalents and Short-Term Investments | 7.40M | 13.80M | 12.20M | 14.10M | 15.60M |
| Total Debt | 209.20M | 215.20M | 211.20M | 218.70M | 228.20M |
| Total Liabilities | 292.50M | 290.20M | 291.30M | 307.80M | 319.00M |
| Stockholders Equity | 410.40M | 411.70M | 431.30M | 442.60M | 449.20M |
Cash Flow | |||||
| Free Cash Flow | 32.40M | 4.50M | 41.10M | 8.10M | 38.20M |
| Operating Cash Flow | 71.80M | 57.70M | 68.30M | 38.80M | 64.00M |
| Investing Cash Flow | -36.60M | -12.70M | -27.20M | -14.70M | -15.80M |
| Financing Cash Flow | -41.60M | -43.40M | -43.00M | -25.60M | -49.70M |
Fuller Smith & Turner Technical Analysis
Positive
758.00
Price Trends
709.62
Positive
676.91
Positive
672.97
Positive
Market Momentum
3.89
Positive
48.98
Neutral
16.16
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FSTA, the sentiment is Positive. The current price of 758 is above the 20-day moving average (MA) of 735.70, above the 50-day MA of 709.62, and above the 200-day MA of 672.97, indicating a neutral trend. The MACD of 3.89 indicates Positive momentum. The RSI at 48.98 is Neutral, neither overbought nor oversold. The STOCH value of 16.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:FSTA.
Fuller Smith & Turner Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | £11.57M | 5.84 | 9.40% | 1.25% | -0.62% | -0.62% | |
69 Neutral | £773.08M | 15.25 | 15.81% | 1.50% | 5.39% | -3.64% | |
67 Neutral | £374.96M | 18.31 | 5.14% | 2.80% | 5.71% | -19.77% | |
65 Neutral | £1.64B | 8.90 | 6.41% | ― | 2.96% | 9.30% | |
63 Neutral | £515.98M | 20.31 | 3.55% | 2.69% | 4.61% | 186.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | £322.81M | 4.45 | 9.30% | ― | -0.52% | 68.53% |
* Consumer Cyclical Sector Average
GB:FSTA
Fuller Smith & Turner
724.00
159.30
28.21%
GB:HVT
Heavitree Brewery
300.00
90.91
43.48%
GB:MARS
Marston's
52.00
10.25
24.55%
GB:MAB
Mitchells & Butlers
282.50
11.50
4.24%
GB:JDW
J D Wetherspoon
812.00
102.12
14.39%
GB:YNGA
Young & Co'S Brewery
927.00
89.72
10.72%
Fuller Smith & Turner Corporate Events
Regulatory Filings and Compliance
Fuller, Smith & Turner Discloses Director and Family Share Transactions
Neutral
Jul 29, 2026
Fuller, Smith Turner has disclosed director and closely associated person dealings in its unlisted “C” ordinary shares, in line with UK Market Abuse Regulation requirements. Non-executive director Richard Fuller sold 6,163 “C...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s tightens free float with latest tranche of share buybacks
Positive
Jul 24, 2026
Fuller, Smith Turner has continued executing its previously announced share buyback programme, repurchasing tranches of its 40p “A” Ordinary Shares on the London Stock Exchange between 20 and 24 July 2026 at prices ranging from 740p t...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Fuller, Smith & Turner Wins Shareholder Backing for All 2026 AGM Resolutions
Positive
Jul 21, 2026
Fuller, Smith Turner announced that all resolutions at its 2026 Annual General Meeting were passed on a poll, including the receipt of the annual report and accounts, approval of the final dividend, and endorsement of the directors’ remuner...
Business Operations and StrategyFinancial Disclosures
Fuller’s Reports Strong Start to Year With 5.1% Sales Growth
Positive
Jul 21, 2026
Fuller, Smith Turner PLC, a premium pubs and hotels group concentrated in southern England, continues to build on a long-established hospitality franchise. Operating 185 managed pubs and hotels alongside 152 tenanted inns, the company targets cus...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Tightens Voting Base with Latest Share Buybacks
Positive
Jul 17, 2026
Fuller, Smith Turner PLC has continued executing its previously announced share buyback programme, repurchasing 18,838 A ordinary shares between 13 and 14 July 2026 via Deutsche Numis at prices ranging from 720p to 722p per share. The company int...
Stock BuybackRegulatory Filings and Compliance
Fuller’s tightens free float with latest share buyback tranche
Positive
Jul 13, 2026
Fuller, Smith Turner has continued executing its share buyback programme, purchasing 44,789 A ordinary shares on the London Stock Exchange between 6 and 10 July 2026 through Deutsche Numis at prices ranging from 706 to 730 pence. The company inte...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Tightens Free Float With Latest Share Buybacks
Positive
Jul 3, 2026
Fuller, Smith Turner has continued to actively manage its capital structure by repurchasing “A” Ordinary Shares on the London Stock Exchange between 29 June and 3 July 2026, at prices ranging from 722p to 730p per share under its prev...
Regulatory Filings and Compliance
Fuller’s updates market on total voting rights and treasury shares
Neutral
Jul 1, 2026
Fuller, Smith Turner PLC has reported its total issued share capital and voting rights as of 30 June 2026, in line with UK Financial Conduct Authority disclosure rules. The company’s capital comprises multiple classes of ordinary shares, ea...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Tightens Free Float with New Treasury Share Buyback
Positive
Jun 26, 2026
Fuller, Smith Turner has repurchased 20,025 of its 40p “A” ordinary shares on the London Stock Exchange between 23 and 26 June 2026 under a previously announced buyback programme, at prices ranging from 696p to 726p per share. The com...
Executive/Board Changes
Fuller, Smith & Turner grants new executive share awards under bonus and LTIP schemes
Neutral
Jun 22, 2026
Fuller, Smith Turner has granted conditional share awards to its executive directors and senior managers under its 2019 Bonus and Deferred Bonus Plan and 2020 Long-Term Incentive Plan. The awards, based on a five-day average price of £7.072 ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller, Smith & Turner launches £0.40 A share buyback of up to 1 million shares
Positive
Jun 22, 2026
Fuller, Smith Turner PLC has launched a new share buyback programme to repurchase up to 1 million A ordinary shares of 40 pence each, following the completion of a prior buyback earlier in the year. The company has mandated Deutsche Bank’s ...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Fuller, Smith & Turner Publishes 2026 Annual Report and Sets AGM Date
Neutral
Jun 19, 2026
Fuller, Smith Turner P.L.C. has published its Annual Report and Accounts for the 52 weeks ending 28 March 2026, along with the Notice of its 2026 Annual General Meeting and proxy form for shareholders. The Annual Report and AGM notice are now ava...
Business Operations and StrategyStock Buyback
Fuller, Smith & Turner Extends Share Buyback as Treasury Holdings Rise
Positive
Jun 19, 2026
Fuller, Smith Turner has repurchased a total of one million “A” Ordinary Shares for £6.74 million under its previously announced buyback programme, including 11,769 shares bought on 19 June 2026 at a volume-weighted average price...
Stock BuybackRegulatory Filings and Compliance
Fuller, Smith & Turner Buys Back Shares, Updates Voting Rights Count
Positive
Jun 18, 2026
Fuller, Smith Turner has repurchased 15,000 of its 40p “A” Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback programme. The shares, bought at a price of 694.5 pence and to be held in Treasury, reflect t...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back 15,000 Shares, Updates Voting Rights Count
Neutral
Jun 17, 2026
Fuller, Smith Turner P.L.C., the London-listed pubs and brewing group, continues to manage its equity base through an ongoing share buyback programme. Its A Ordinary Shares of 40p each trade on the London Stock Exchange, and a portion of the issu...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back 14,500 Shares, Updates Voting Rights Count
Positive
Jun 15, 2026
Fuller, Smith Turner has repurchased 14,500 of its “A” Ordinary Shares at 706p per share on the London Stock Exchange as part of the share buyback programme launched in January 2026. The shares, acquired through Deutsche Numis, will b...
Business Operations and StrategyStock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Fuller, Smith & Turner Boosts Treasury Stock with Latest Share Buyback
Positive
Jun 12, 2026
Fuller, Smith Turner has repurchased 5,000 of its 40p “A” Ordinary Shares on the London Stock Exchange at a price of 726p per share as part of its ongoing share buyback programme. The company intends to hold these shares in Treasury, ...
Regulatory Filings and Compliance
Fuller, Smith & Turner Director Sir James Fuller Buys Additional “B” Shares
Positive
Jun 11, 2026
Fuller, Smith Turner disclosed that non-executive director Sir James Fuller purchased 2,915 unlisted “B” Ordinary Shares of 4p each at a price of £0.66 per share on 10 June 2026. The transaction, executed outside a trading venue,...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Fuller’s lifts profits, dividends and investment as trading momentum builds
Positive
Jun 10, 2026
Fuller, Smith Turner reported another strong year, with revenue up 5.7% to £397.8 million and like-for-like sales in its Managed Pubs and Hotels rising 4.9%. Adjusted profit before tax jumped 28% to £34.6 million and adjusted earnings p...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back 12,500 Shares, Updates Voting Rights Count
Positive
Jun 9, 2026
Fuller, Smith Turner P.L.C. has repurchased 12,500 of its “A” Ordinary Shares at 640 pence each on the London Stock Exchange as part of its ongoing share buyback programme, and intends to hold these shares in treasury. Following this ...
Stock BuybackRegulatory Filings and Compliance
Fuller’s boosts Treasury stock with fresh share buyback
Positive
Jun 8, 2026
Fuller, Smith Turner has repurchased 12,500 of its 40p “A” Ordinary Shares on the London Stock Exchange at a price of 654p per share as part of its ongoing share buyback programme. The company plans to hold these shares in Treasury, r...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back 13,000 Shares, Updates Voting Rights Count
Positive
Jun 5, 2026
Fuller, Smith Turner has repurchased 13,000 of its “A” Ordinary Shares of 40p each on the London Stock Exchange at a price of 668 pence per share as part of its previously announced share buyback programme. The company intends to hold...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back More Shares, Updates Voting Rights Count
Neutral
Jun 4, 2026
Fuller, Smith Turner has repurchased 3,535 of its “A” Ordinary Shares of 40p each on the London Stock Exchange, at prices between 660p and 668p, as part of the share buyback programme launched in January 2026. The shares, acquired via...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Continues Share Buyback, Reduces Listed Voting Rights
Positive
Jun 3, 2026
Fuller, Smith Turner has repurchased 1,867 of its 40p A ordinary shares on the London Stock Exchange as part of its ongoing share buyback programme, paying an average price of 672.5667 pence per share and appointing Deutsche Numis to execute the ...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back More Shares, Updates Voting Rights Count
Neutral
Jun 2, 2026
Fuller, Smith Turner has repurchased 7,799 of its “A” ordinary shares at 670 pence each on the London Stock Exchange as part of the share buyback programme launched in January 2026. The shares will be held in treasury, reflecting the ...
Business Operations and StrategyStock Buyback
Fuller’s Adds to Treasury Stock With Latest Share Buyback
Positive
May 29, 2026
Fuller, Smith Turner P.L.C., traded in London and historically associated with brewing and pub operations, structures its equity around “A” ordinary shares that confer voting rights to investors. The company operates in the UK hospita...
Stock BuybackRegulatory Filings and Compliance
Fuller, Smith & Turner Updates Voting Rights After Treasury Share Cancellation
Neutral
May 29, 2026
Fuller, Smith Turner has cancelled 2,500,000 A ordinary shares previously held in treasury, reducing the volume of its treasury stock and updating its issued share capital across A, B, and C share classes. Following this move and recent share pur...
Stock BuybackRegulatory Filings and Compliance
Fuller’s updates market on latest share buyback and voting rights
Positive
May 28, 2026
Fuller’s has repurchased 5,406 of its 40p “A” Ordinary Shares on the London Stock Exchange at a price of 660p per share as part of the share buyback programme launched in January 2026. The company will hold these shares in Treasu...
Business Operations and StrategyStock Buyback
Fuller’s Buys Back More Shares, Trimming Free Float and Voting Rights
Positive
May 21, 2026
Fuller, Smith Turner has repurchased 8,052 of its “A” Ordinary Shares of 40p each on the London Stock Exchange at a volume-weighted average price of 638.42 pence, as part of the share buyback programme launched in January 2026. The co...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Tightens Free Float with Latest Treasury Share Buyback
Positive
May 19, 2026
Fuller, Smith Turner has continued its previously announced share buyback programme, repurchasing 7,504 “A” Ordinary Shares of 40p each on 19 May 2026 through Deutsche Numis at prices between 630p and 634p, with an average price of ab...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back 15,000 Shares, Updates Voting Rights
Positive
May 18, 2026
Fuller, Smith Turner has repurchased 15,000 of its 40p “A” ordinary shares on the London Stock Exchange at a price of 629p per share as part of its ongoing share buyback programme. The company intends to hold these shares in treasury,...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back 15,000 Shares, Adjusts Voting Rights Base
Neutral
May 15, 2026
Fuller, Smith Turner has repurchased 15,000 of its “A” Ordinary Shares on the London Stock Exchange as part of its ongoing share buyback programme, paying an average price of 624.75 pence per share. The repurchased shares will be held...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back 15,000 Shares, Updates Voting Rights Count
Neutral
May 14, 2026
Fuller, Smith Turner has repurchased 15,000 “A” Ordinary Shares at 622 pence each on the London Stock Exchange as part of the share buyback programme launched in January 2026. The purchased shares will be held in treasury, reflecting ...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Updates Share Capital After Latest Buyback Transaction
Neutral
May 13, 2026
Fuller, Smith Turner has repurchased 15,000 of its “A” Ordinary Shares of 40p each on the London Stock Exchange at a price of 634 pence per share as part of its ongoing share buyback programme. The company intends to hold these shares...
Stock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back 15,000 Shares, Updates Voting Rights Count
Neutral
May 12, 2026
Fuller, Smith Turner P.L.C., the U.K. pubs and brewing group listed in London, manages its capital structure through listed “A” Ordinary Shares and compliance with local disclosure rules. The company also utilizes treasury share holdi...
Business Operations and StrategyStock BuybackFinancial Disclosures
Fuller, Smith & Turner Buys Back Shares, Updates Voting Capital
Positive
May 11, 2026
Fuller, Smith Turner has repurchased 15,000 of its 40p “A” ordinary shares on the London Stock Exchange at a price of 652p per share as part of its ongoing share buyback programme. The company plans to hold these shares in treasury, r...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller, Smith & Turner Buys Back Shares and Updates Voting Rights
Positive
May 8, 2026
Fuller, Smith Turner has repurchased 15,000 of its 40p “A” Ordinary Shares on the London Stock Exchange at an average price of 649p as part of its ongoing share buyback programme. The company plans to hold these shares in treasury, re...
Stock BuybackRegulatory Filings and Compliance
Fuller’s expands share buyback, updates voting rights count
Positive
May 7, 2026
Fuller, Smith Turner has repurchased 15,000 of its “A” Ordinary Shares at 654 pence each on the London Stock Exchange through Deutsche Numis as part of its ongoing share buyback programme. The company plans to hold these shares in tre...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s boosts treasury stock with latest share buyback
Positive
May 6, 2026
Fuller, Smith Turner has continued its previously announced share buyback programme with the repurchase of 15,000 “A” ordinary shares at 660p each on the London Stock Exchange, executed via Deutsche Numis. The company intends to hold ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Adds to Treasury Stock With Latest Share Buyback
Positive
May 1, 2026
Fuller, Smith Turner has repurchased 7,706 of its 40p “A” Ordinary Shares on the London Stock Exchange as part of the share buyback programme launched in January 2026, paying an average price of 646.5954 pence per share. The shares, a...
Regulatory Filings and Compliance
Fuller, Smith & Turner Updates Market on Total Voting Rights
Neutral
May 1, 2026
Fuller, Smith Turner has reported that as of 30 April 2026 its issued share capital comprised 36,446,686 A ordinary shares, 89,052,625 B ordinary shares and 13,101,666 C ordinary shares, each conferring one vote. Of these, 5,173,241 A shares and ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Fuller’s Buys Back Additional Shares, Updates Voting Rights Count
Positive
Apr 30, 2026
Fuller, Smith Turner has continued executing its previously announced share buyback programme by repurchasing 10,008 “A” Ordinary Shares of 40p each on the London Stock Exchange at a volume-weighted average price of 636.2634 pence. Th...
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.