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The Property Franchise
(LSE:TPFG)
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Rating:73Outperform
Price Target:
527.00 p
▲(1.93% Upside)
Action:Reiterated
Date:03/19/26
Overall score is driven by strong financial performance (profitability, low leverage, and high-quality free cash flow) and supported by a reasonable valuation with a solid dividend yield. The main offset is weak technical momentum, with the stock trading below key moving averages and negative MACD.
Positive Factors
Rapid revenue expansion
Sharp multi-year revenue growth reflects successful scaling of TPFG's franchised network and services, increasing recurring fee and service income. A larger revenue base makes earnings less volatile and supports long-term cash generation and investment in brand and systems.
Negative Factors
Margin compression (gross margin)
A meaningful drop in gross margin suggests adverse mix shifts or rising cost of delivering services to franchisees. If structural, persistent margin erosion would impair profitability, reduce free cash flow and limit capacity to fund growth or distributions over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid revenue expansion
Sharp multi-year revenue growth reflects successful scaling of TPFG's franchised network and services, increasing recurring fee and service income. A larger revenue base makes earnings less volatile and supports long-term cash generation and investment in brand and systems.
Read all positive factors
The Property Franchise (TPFG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£301.23M
Dividend Yield3.66%
Average Volume (3M)125.70K
Price to Earnings (P/E)15.8
Beta (1Y)-0.09
Revenue Growth25.19%
EPS Growth72.02%
CountryUK
Employees365
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.30
Shares Outstanding63,752,007
10 Day Avg. Volume151,757
30 Day Avg. Volume125,702
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)2.11
Price to Sales (P/S)3.89
P/FCF Ratio14.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£670.00Price Target Upside29.59% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.42
Revenue Forecast (FY)£90.66M
The Property Franchise Business Overview & Revenue Model
Company Description
Operating within the United Kingdom, The Property Franchise Group PLC specializes in the oversight and management of residential real estate. The company provides a broad spectrum of services to both landlords and tenants, encompassing residential...
How the Company Makes Money
TPFG makes money primarily by franchising its estate agency and lettings brands and providing services to the resulting network. Key revenue streams typically include: (1) franchise fees and ongoing royalties/management service fees paid by franch...
The Property Franchise Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
88
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 84.26M | 67.31M | 27.28M | 27.16M | 24.04M |
| Gross Profit | 41.91M | 44.97M | 21.88M | 19.80M | 18.78M |
| EBITDA | 31.85M | 20.77M | 11.31M | 11.40M | 9.39M |
| Net Income | 19.05M | 10.19M | 7.39M | 7.23M | 3.47M |
Balance Sheet | |||||
| Total Assets | 206.36M | 203.98M | 57.68M | 57.81M | 60.37M |
| Cash, Cash Equivalents and Short-Term Investments | 10.88M | 4.16M | 7.64M | 6.68M | 8.41M |
| Total Debt | 16.79M | 17.07M | 4.54M | 7.36M | 13.83M |
| Total Liabilities | 51.32M | 59.89M | 16.87M | 20.63M | 27.01M |
| Stockholders Equity | 155.07M | 144.16M | 40.81M | 37.16M | 33.35M |
Cash Flow | |||||
| Free Cash Flow | 22.28M | 14.38M | 8.59M | 8.49M | 8.69M |
| Operating Cash Flow | 22.42M | 14.68M | 9.02M | 9.01M | 8.95M |
| Investing Cash Flow | -4.04M | -15.76M | -414.00K | -234.00K | -13.73M |
| Financing Cash Flow | -11.66M | -2.40M | -7.65M | -10.51M | 4.42M |
The Property Franchise Technical Analysis
Negative
517.00
Price Trends
478.34
Negative
458.60
Positive
482.60
Negative
Market Momentum
-2.22
Positive
42.65
Neutral
15.62
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TPFG, the sentiment is Negative. The current price of 517 is above the 20-day moving average (MA) of 484.57, above the 50-day MA of 478.34, and above the 200-day MA of 482.60, indicating a bearish trend. The MACD of -2.22 indicates Positive momentum. The RSI at 42.65 is Neutral, neither overbought nor oversold. The STOCH value of 15.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TPFG.
The Property Franchise Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £22.91M | 14.03 | 24.60% | 7.10% | -0.54% | -7.87% | |
73 Outperform | £301.23M | 15.75 | 12.56% | 3.66% | 25.19% | 72.02% | |
71 Outperform | £356.76M | 17.00 | 5.35% | 5.88% | -0.42% | -13.35% | |
69 Neutral | £126.72M | 9.88 | 8.96% | 2.05% | 5.25% | -7.14% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | £3.84M | 38.07 | 2.37% | 6.43% | -6.18% | -66.67% | |
61 Neutral | £218.72M | 13.48 | 20.71% | 3.59% | 5.96% | -2.01% |
* Real Estate Sector Average
GB:TPFG
The Property Franchise
472.50
-52.36
-9.98%
GB:FLK
Fletcher King
37.50
13.54
56.52%
GB:FOXT
Foxtons
43.00
-17.73
-29.19%
GB:LSL
LSL Property Services
225.00
-65.94
-22.66%
GB:WINK
M Winkworth
177.50
-13.57
-7.10%
GB:MTVW
Mountview Estates
8,875.00
-221.07
-2.43%
The Property Franchise Corporate Events
Business Operations and StrategyExecutive/Board Changes
Property Franchise Group Tightens Executive Incentives With New Share Options
Positive
Jun 26, 2026
The Property Franchise Group has granted nominal cost options over 920,000 ordinary shares to executives and employees under its share option plan, seeking to reward contributions to strategic goals and sharpen alignment with shareholders. The lar...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Property Franchise Group Wins Strong Shareholder Backing at AGM
Positive
May 28, 2026
Shareholders in The Property Franchise Group PLC overwhelmingly backed all 17 resolutions at the company’s annual general meeting held on 28 May 2026, including the receipt of the 2025 annual report and the re-election of the entire board. I...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Property Franchise Group flags landlord regulation tailwind as trading meets expectations
Positive
May 28, 2026
The Property Franchise Group said trading remains in line with board expectations, supported by a highly cash-generative, franchise-led model that delivers substantial recurring revenues and cushions short-term housing market volatility. Managemen...
Business Operations and StrategyExecutive/Board Changes
TPFG CEO Exercises Share Options as Property Franchisor Consolidates Market Position
Positive
May 1, 2026
The Property Franchise Group, the UK’s largest multi-brand property franchisor with a broad stable of 18 estate agency and financial services brands, has expanded nationwide since its 1986 founding and now operates nearly 2,000 outlets acros...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
TPFG Takes Strategic Stake in Legal & General Surveying Services Parent
Positive
Apr 30, 2026
The Property Franchise Group has acquired a 25% stake in Meridian HoldCo, parent of Legal General Surveying Services, for £2.5 million in cash, extending its platform into residential property surveying. The deal, funded from existing cash, ...
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.