Rank Group plc (GB:RNK)
LSE:RNK
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Rank Group plc
(LSE:RNK)
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Rating:65Neutral
Price Target:
98.00 p
▲(0.93% Upside)
Action:ReiteratedDate:12/07/25
Rank Group plc's overall stock score is driven by strong financial performance and a solid valuation, offset by bearish technical indicators and mixed corporate events. The company's financial stability and growth plans are positive, but the recent UK budget changes and technical analysis suggest caution.
Positive Factors
Free Cash Flow Generation
Sustained, high free cash flow growth and strong cash conversion provide durable funding for capital expenditure, dividends, debt reduction, or strategic investment. This cash profile increases financial flexibility and resilience against cyclical downturns in gaming revenues over months.
Negative Factors
Regulatory/Tax Headwinds
Higher remote gaming taxation is a structural profit headwind for online operations, compressing margins and forcing pricing or cost adjustments. Over months this reduces cash available for reinvestment and heightens sensitivity to regulatory shifts in core markets, harming long-term earnings visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Generation
Sustained, high free cash flow growth and strong cash conversion provide durable funding for capital expenditure, dividends, debt reduction, or strategic investment. This cash profile increases financial flexibility and resilience against cyclical downturns in gaming revenues over months.
Read all positive factors
Rank Group plc (RNK) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£424.40M
Dividend Yield2.58%
Average Volume (3M)598.70K
Price to Earnings (P/E)6.3
Beta (1Y)0.78
Revenue Growth8.26%
EPS Growth263.36%
CountryUK
Employees7,600
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.06
Shares Outstanding468,429,530
10 Day Avg. Volume453,058
30 Day Avg. Volume598,695
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.65
Price to Sales (P/S)0.78
P/FCF Ratio9.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£106.00Price Target Upside9.17% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.09
Revenue Forecast (FY)£853.38M
Rank Group plc Business Overview & Revenue Model
Company Description
The Rank Group Plc, together with its subsidiaries, provides gaming services in Great Britain, Spain, Belgium, and India. It operates through Grosvenor Venues, Mecca Venues, Digital, and International Venues segments. The company offers a range of...
How the Company Makes Money
Rank Group generates revenue through multiple streams, primarily from its casino and bingo operations. The Grosvenor Casinos segment contributes significantly to the company's earnings, providing a variety of gaming experiences in physical locatio...
Rank Group plc Earnings Call Summary
Earnings Call Date:Jan 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 13, 2026
Earnings Call Sentiment Positive
The call presented a mix of strong operational and financial progress across venues, digital and international businesses — revenue and operating profit growth, successful gaming machine rollouts, digital growth, improving ROCE and employee engagement, and positive regulatory changes for bingo. However, material headwinds remain: a GBP 46m estimated hit from the 40% remote gaming duty, a GBP 6.5m Spanish payment-fraud cash impact, rising employment and lease-related costs, and near-term cash/lease pressure. Management has detailed mitigations and strategic initiatives to offset taxation effects and to capture medium-term upside (targeting at least GBP 100m operating profit), which supports a constructive outlook despite significant regulatory disruption.Positive Updates
Group revenue and profit growth
Like-for-like net gaming revenue up 6% to GBP 419.8m; underlying like-for-like operating profit rose 15% to GBP 40.6m; underlying operating profit margin improved to 9.7% from 8.9% last year.
Negative Updates
40% Remote Gaming Duty (RGD) impact on UK digital
The November budget RGD increase to 40% is estimated to hit the UK digital business by c. GBP 46m to the bottom line before mitigating actions; management expects a seismic market shift with reduced competition and material industry restructuring.
Read all updates
Q2-2026 Updates
Positive
Negative
Group revenue and profit growth
Like-for-like net gaming revenue up 6% to GBP 419.8m; underlying like-for-like operating profit rose 15% to GBP 40.6m; underlying operating profit margin improved to 9.7% from 8.9% last year.
Read all positive updates
Company Guidance
Rank guided that it remains on track to deliver at least £100m of annual operating profit in the medium term, supported by a revised FY CapEx of £50–55m (H1 CapEx £27.6m), H1 net free cash flow £3.8m and closing net cash £39.4m (net debt incl. leases £165m); the Board proposed an interim dividend of £0.01 per share and working capital is expected to be broadly neutral for the year. Key business targets include Grosvenor average weekly NGR of £9.5m and a >13.5% operating margin (500bp improvement) building on current weekly NGR £7.8m (+6%) and the rollout of 850 additional machines (~+65%), while Mecca benefits from the abolition of 10% bingo duty (annualized +£6.5m) and is expected to reach double‑digit operating profit next year. Management flagged a £46m pre-mitigation hit to UK digital from the new 40% RGD but expect most of this to be offset by marketing reductions, supplier negotiations and efficiencies by April, and noted the Portugal full launch end‑Feb (expected small single‑digit million loss this year).Rank Group plc Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Jun 2025 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 813.60M | 795.40M | 734.70M | 681.90M | 644.00M | 329.60M |
| Gross Profit | 352.70M | 343.30M | 308.90M | 264.30M | 242.20M | 8.60M |
| EBITDA | 97.60M | 122.40M | 80.80M | -41.70M | 153.50M | -11.60M |
| Net Income | 34.20M | 44.60M | 12.50M | -96.00M | 64.90M | -72.10M |
Balance Sheet | ||||||
| Total Assets | 818.60M | 789.50M | 732.50M | 738.40M | 856.70M | 858.10M |
| Cash, Cash Equivalents and Short-Term Investments | 69.40M | 64.00M | 56.40M | 60.00M | 95.70M | 69.60M |
| Total Debt | 396.30M | 205.70M | 197.30M | 232.70M | 259.70M | 324.00M |
| Total Liabilities | 440.00M | 410.80M | 393.50M | 408.40M | 431.60M | 496.90M |
| Stockholders Equity | 378.60M | 378.70M | 339.00M | 329.70M | 425.20M | 361.30M |
Cash Flow | ||||||
| Free Cash Flow | 77.80M | 67.40M | 66.50M | 23.40M | 113.20M | -53.80M |
| Operating Cash Flow | 124.50M | 125.90M | 113.20M | 67.50M | 153.80M | -31.60M |
| Investing Cash Flow | -57.00M | -54.70M | -47.50M | -44.50M | -32.40M | 3.00M |
| Financing Cash Flow | -66.40M | -58.20M | -59.90M | -60.10M | -94.30M | 27.60M |
Rank Group plc Technical Analysis
Negative
97.10
Price Trends
91.84
Negative
98.02
Negative
116.23
Negative
Market Momentum
-0.38
Positive
44.90
Neutral
39.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RNK, the sentiment is Negative. The current price of 97.1 is above the 20-day moving average (MA) of 91.73, above the 50-day MA of 91.84, and below the 200-day MA of 116.23, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 44.90 is Neutral, neither overbought nor oversold. The STOCH value of 39.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:RNK.
Rank Group plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £84.64M | 14.08 | 22.77% | ― | 21.27% | 21.93% | |
65 Neutral | £424.40M | 6.26 | 9.03% | 2.58% | 8.26% | 263.36% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | £934.06M | 0.68 | 92.10% | 163.36% | ― | ― | |
55 Neutral | £3.45B | -7.35 | -57.07% | 2.24% | 5.14% | -7.80% | |
53 Neutral | £11.02M | -73.85 | ― | ― | ― | ― | |
41 Neutral | £165.92M | -1.51 | 74.03% | ― | 5.26% | 32.20% |
* Consumer Cyclical Sector Average
GB:RNK
Rank Group plc
90.60
9.30
11.44%
GB:GMR
Gaming Realms
30.40
-4.80
-13.64%
GB:B90
B90 Holdings
2.50
-0.35
-12.28%
GB:ENT
Entain plc
539.60
-55.86
-9.38%
GB:PTEC
Playtech
320.00
38.54
13.69%
GB:EVOK
888 Holdings
37.00
-13.15
-26.22%
Rank Group plc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Rank Group announces CEO succession as John O’Reilly retires
Positive
Jan 6, 2026
The Rank Group plc has announced that Chief Executive Officer John O’Reilly will retire from his role on 29 January 2026, after more than seven years at the helm, though he will continue to support the business until the end of the 2025/26 f...
Business Operations and StrategyFinancial Disclosures
Rank Group hit by €7.1m payment fraud at Spanish units
Negative
Dec 22, 2025
The Rank Group Plc has disclosed that its Spanish gaming businesses, Enracha and Yo, have fallen victim to a payment fraud totalling approximately €7.1 million. The company has reported the incident to law enforcement, is cooperating with of...
Business Operations and StrategyExecutive/Board Changes
Rank Group Announces Executive Share Awards Under Deferred Bonus Plan
Neutral
Dec 16, 2025
Rank Group plc has announced the granting of share awards to its Chief Executive Officer, John O’Reilly, and Chief Financial Officer, Richard Harris, under the company’s 2020 Deferred Bonus Plan. These awards, which are set to vest in ...
Business Operations and StrategyFinancial Disclosures
Rank Group Faces Financial Impact from UK Budget Changes
Negative
Nov 26, 2025
Rank Group Plc announced that the UK Autumn Budget 2025 will significantly impact its operations due to an increase in Remote Gaming Duty from 21% to 40%, resulting in an estimated £40 million reduction in operating profit. While the abolitio...
Executive/Board Changes
Rank Group Plc Appoints John H. Ott as New Chair
Neutral
Nov 11, 2025
Rank Group Plc, a company listed on the London Stock Exchange, has announced the appointment of John H. Ott as the new chair of the company, effective from November 17, 2025. John brings over 40 years of global experience in business consultancy, ...
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.