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Franchise Brands plc (FRAN) Fair Value & Analysis

Industrials · GB · Market cap 266M GBX

FB Franchise Brands plc FRAN · LSE
Price£1.39
Fair Value£1.03
Upside-25.8%
Quality45/100
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Healthy Growth
Thin margins · 6.3% net margin
Low debt · generates free cash flow
1.79% dividend yield
Trails peers (3/14)
Narrow moat 41/100
Evidence: High Range £0.8200 – £1.29 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Share price +4.8% over the past month.

Below-average quality, and screening another 26% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£1.29). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

£2.16 £0.9792 Fair Value £1.03 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range £0.9792 – £2.16 · fair‑value band £0.8200 – £1.29 · the £1.39 price screens above the £1.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Franchise Brands plc (FRAN) currently trades at £1.39, while our model-based Fair Value estimate is £1.03, implying the stock looks roughly 25.8% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Franchise Brands plc generated revenue of £142M at a net margin of 6.3%. Revenue grew 4.1% year over year. It earns a return on equity of 4.1%. Net debt stands at £65.2M. Fundamentals as of Jul 16, 2026

Our scenario range runs from £0.8200 (bear case) to £1.29 (bull case); at £1.39, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -26%, FRAN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF £1.13 £1.88 £3.21 80
Residual Income £0.7800 £0.7500 £0.6000 76
Rev-Margin DCF £0.7900 £1.48 £2.85 74
All 26 models by family
DCF Models
FCF DCF £1.22 £1.79 £3.44 38
Owner Earnings £1.23 £2.59 £4.98 31
5Y Revenue Exit £0.7400 £1.27 £2.36 39
5Y EBITDA Exit £1.35 £2.50 £4.75 41
5Y P/E Exit £0.8100 £1.77 £3.03 38
10Y Revenue Exit £0.9000 £1.82 £2.30 36
10Y EBITDA Exit £1.30 £2.94 £5.75 37
10Y P/E Exit £0.9600 £1.94 £3.46 35
Earnings-Based
Graham-Dodd £0.3200 £2.22 £3.12 54
Lynch FV £0.9700 £1.39 £1.81 50
PEG = 1.0 £0.9700 £1.39 £1.81 46
EPV £0.3400 £0.4000 £0.4500 59
Dividend Discount
Gordon GGM £0.1700 £0.2900 £0.3700 70
DDM Multi-Stage £0.1700 £0.2700 £0.3100 61
Multiples
P/E Multiple £0.7700 £1.03 £1.29 63
P/S Multiple £0.6000 £0.8000 £1.00 58
P/B Multiple £0.6000 £0.8000 £1.00 55
EV/EBIT £1.07 £1.49 £1.91 53
EV/EBITDA £1.42 £1.96 £2.50 54
EV/Revenue £0.4300 £0.7000 £0.9700 43
Asset-Based
NCAV (Graham) £0.5800 £0.7700 £1.16 50
Growth DCF
Growth DCF £1.13 £1.88 £3.21 80
Rev-Margin DCF £0.7900 £1.48 £2.85 74
Economic Profit
Residual Income £0.7800 £0.7500 £0.6000 76
ROIC Compounder £0.3400 £0.4000 £0.4500 72
Growth Earnings
Growth-Adj P/E £1.22 £1.74 £2.27 68

Widest divergence: DCF Models (£1.82) versus Dividend Discount (£0.2700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 142M GBX
Revenue growth (YoY) +4.1%
Net margin 6.3%
Return on equity 4.1%
Free cash flow 22.8M GBX FY2025
P/E ratio 27.8
More key figures
Operating margin 12.3%
EPS (TTM) £0.0500
Dividend yield 1.8%
EPS growth (YoY) +33.9%
Net debt 65.2M GBX FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 48 · Market factors (momentum, volatility) 63

Profitability 29
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 43
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Franchise Brands plc, through its subsidiaries, engages in franchising and related activities in the United Kingdom, North America, and Europe. The company operates through six segments: Pirtek Europe, Water & Waste Services, Filta International, B2C, Azura, and Others.

Full company description

Franchise Brands plc, through its subsidiaries, engages in franchising and related activities in the United Kingdom, North America, and Europe. The company operates through six segments: Pirtek Europe, Water & Waste Services, Filta International, B2C, Azura, and Others. It offers on-site hydraulic hose replacement and related services under the Pirtek name; drainage solutions to commercial customers, including facilities management, construction, manufacturing, education, retail, insurance, water utilities, and public sectors under the Metro Rod name; emergency plumbing services under the Metro Plumb name; cooking oil filtration and fryer management services to commercial customers under the Filta name; and designs, installs, and services adoptable and non-adoptable pump stations under the Willow Pumps name. The company also offers mobile car paintwork repair specialist services comprising bumper scuffs, paintwork scratches, minor dents, and alloy wheel repairs under the ChipsAway name; and oven cleaning services consisting of cleaning of domestic oven brands and models that comprise electric and, range-style ovens, gas ovens, microwaves, hobs, extractor fans, and barbecues, as well as various removable components, which include racks and other removable parts under the Ovenclean name. In addition, it provides dog home boarding services under the Barking Mad name; and develops franchise management software system. The company was formerly known as FB Holdings plc and changed its name to Franchise Brands plc in July 2016. Franchise Brands plc was founded in 2008 and is based in Macclesfield, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Franchise Brands plc reported revenue of £142M in FY2025 versus £57.7M in FY2021, a compound +25.3%/yr. Reported net income was £9.0M in FY2025, compounding +20.7%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£142M
Latest YoY
+2.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.6%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+32.9%
Revenue +25.3%/yr
FY21 £57.7M
FY22 £92.7M
FY23 £121M
FY24 £139M
FY25 £142M
Net income +20.7%/yr
FY21 £4.2M
FY22 £8.1M
FY23 £3.0M
FY24 £7.3M
FY25 £9.0M
Character of growth · EPS growth decomposed (2014-2025) +9.0 % p.a.
Revenue per share +24.3 pp

of which total revenue +45.7 pp · buybacks/dilution −21.4 pp

EBIT margin −6.5 pp
Tax rate −0.6 pp
Residual (interest, one-offs) −8.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

FRAN screens 26% overvalued. Compare with Cintas Corporation →

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Cite: Fair Value Calculator (2026). "Franchise Brands plc Fair Value". https://www.fairvalue-calculator.com/stock/FRAN

Peer Group

Specialty Business Services · 253 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 45 · Below median
Fair Value upside −26% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 3% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 4% · Below median
Dividend yield (TTM) 1.8% · Below median
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 27.8× · Pricier than median
P/B 1.62× · Cheaper than median
P/S (TTM) 2.53× · Pricier than 75% of peers
P/FCF 15.7× · Pricier than 75% of peers
EV/EBITDA 13.4× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 24
FUTURE 21 · sector 27
PAST 16 · sector 33
HEALTH 88 · sector 92
DIVIDEND 36 · sector 54

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Copart, Inc CPRT $27.61 $28.59 +4%
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RB Global, Inc RBA C$156.43 C$49.14 -69%
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UL Solutions Inc ULS $87.76 $33.62 -62%
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Frequently asked questions

Is Franchise Brands plc (FRAN) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £1.03 versus a price of £1.39, about −26% (overvalued).
What is the fair value of FRAN?
Our model-based fair value for Franchise Brands plc is £1.03 (as of Jul 16, 2026), built from audited fundamentals. The current price is £1.39.
What is the quality score of FRAN?
Franchise Brands plc has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Franchise Brands plc (FRAN)?
Franchise Brands plc reported trailing-twelve-month revenue of about £142M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FRAN?
The net profit margin of Franchise Brands plc is about 6.3%, meaning it keeps roughly 6.3% of revenue as net income. Based on the latest reported figures.
Does Franchise Brands plc pay a dividend?
Franchise Brands plc currently shows a dividend yield of about 1.71% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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