Franchise Brands PLC (FRAN) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Franchise Brands PLC £1.74, price £1.55, upside +12.3%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range £1.05 – £2.32 · fair‑value band £1.22 – £2.27 · the £1.55 price screens below the £1.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Franchise Brands PLC (FRAN) currently trades at £1.55, while our model-based Fair Value estimate is £1.74, implying the stock looks roughly 10.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of £2.42 per share, and 12 of the 26 models we run sit above the £1.55 price.
Bear case: the Dividend Discount group reads lowest at £0.3100, and 14 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: £1.22 (bear) to £2.27 (bull), the price of £1.55 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap 300M GBX · P/E ratio 31.0 · P/S ratio 1.96 · EPS (TTM) £0.0500 · Dividend yield 1.6% · Net margin 6.3% · Return on equity 4.1% · Return on assets (EBIT) 5.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 48% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at 12%, FRAN screens cheaper than that median.
Fair Value models
Bear £1.22Fair Value £1.74Bull £2.27
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (£0.0184 per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+23.6%
Start year 2020 (pandemic). Over 10 years: +41.6% a year
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+32.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+7.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.3%
Dividend (yield on the price)1.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.6% vs 12%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 13%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +3.9% a year for the price and +1.7% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Business Services · 249 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+12% · Above median
Profitability
Return on equity (TTM)4% · Below median
Return on assets3% · Below median
Net margin (TTM)6% · Above median
Operating margin (TTM)12% · Above median
Growth and dividend
Revenue growth4% · Below median
Dividend yield (TTM)1.6% · Below median
Balance sheet
Debt / equity0.23× · Above median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (TTM)31.0× · Pricier than median
P/B1.80× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Franchise Brands PLC (FRAN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of £1.74 versus a price of £1.55, about +12% upside (undervalued).
What is the fair value of FRAN?
Our model-based fair value for Franchise Brands PLC is £1.74 (as of Sep 24, 2026), built from audited fundamentals. The current price: £1.55.
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 price target for Franchise Brands PLC (FRAN)?
Our model-based price target is the fair value of £1.74 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario £1.22, optimistic scenario £2.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Franchise Brands PLC stock forecast for 2026?
Our models put fair value at £1.74, about +12% upside versus a price of £1.55 (undervalued). Cautious scenario £1.22, optimistic scenario £2.27. The calculation is refreshed regularly with new filings.
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 Sep 24, 2026).
Does Franchise Brands PLC pay a dividend?
Franchise Brands PLC currently shows a dividend yield of about 1.61% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Franchise Brands PLC (FRAN)?
For today's price to be fair in a discounted-cash-flow model, Franchise Brands PLC would have to grow free cash flow by +6.3 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +23.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of FRAN use?
Our models discount Franchise Brands PLC at 10.3 %: a base by market capitalisation (small), damped by beta 0.50, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Franchise Brands PLC that is +6.3 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Franchise Brands PLC (FRAN) delivered so far?
Over the past 5 years revenue at Franchise Brands PLC grew +23.6 % a year. The price currently implies +6.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Franchise Brands PLC (FRAN) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Franchise Brands PLC (+6.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Franchise Brands PLC (FRAN)?
The free-cash-flow yield on the price is 7.61 %: that much free cash flow Franchise Brands PLC produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Franchise Brands PLC (FRAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Franchise Brands PLC it is £1.74 per share (as of Sep 24, 2026), against a price of £1.55. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Franchise Brands PLC stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FRAN trades below its calculated fair value: price £1.55, fair value £1.74, a gap of about +12% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FRAN?
No. The price is what the market pays today (£1.55); the fair value is what the company's own numbers justify (£1.74). For Franchise Brands PLC the two are £0.1900 per share apart. That gap is exactly why we show both numbers side by side.
How much is Franchise Brands PLC worth?
The market values Franchise Brands PLC at about 300M GBX (market capitalisation, as of Sep 24, 2026). Per share that is £1.55; our models calculate a fair value of £1.74 per share.
What do the bullish and bearish scenarios say about FRAN?
Our models span a range for Franchise Brands PLC: cautious scenario £1.22, base £1.74, optimistic £2.27 per share (as of Sep 24, 2026, price £1.55). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FRAN?
Franchise Brands PLC trades at a price-to-earnings ratio of 31.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £1.74 is built from several models across several years. Other multiples: P/B 1.8, P/S 2.8, EV/EBITDA 14.8.
How solid is the balance sheet of Franchise Brands PLC (FRAN)?
Balance-sheet figures for Franchise Brands PLC (as of Sep 24, 2026): return on equity 4.1%, debt of 0.23 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is FRAN from its 52-week high?
Franchise Brands PLC trades at £1.55, about 2% below its 52-week high of £1.58 and 48% above the low of £1.05 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of £1.74 is for.
Which stocks are comparable to Franchise Brands PLC?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Franchise Brands PLC stock attractive at the current price?
The data as of Sep 24, 2026: price £1.55, calculated fair value £1.74 (+12%), Quality Score 45/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FRAN calculated?
We run Franchise Brands PLC through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £1.74, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Franchise Brands PLC currently trades 12 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Franchise Brands PLC (FRAN)?
The closing price on Sep 24, 2026 was £1.55. Our model-based fair value is £1.74, about +12% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Franchise Brands PLC right now?
A fairly wide model range (£1.22 to £2.27) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Franchise Brands PLC (FRAN) come from?
Earnings per share at Franchise Brands PLC grew +9.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +24.3 %, EBIT margin −6.5 %, tax rate −0.6 %, residual (interest, one-offs) −5.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Franchise Brands PLC
How large is the market capitalisation of Franchise Brands PLC (FRAN)?
The market capitalisation of Franchise Brands PLC is 300M GBX. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Franchise Brands PLC (FRAN)?
The price-to-sales ratio of Franchise Brands PLC is 1.96 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Franchise Brands PLC (FRAN)?
Earnings per share at Franchise Brands PLC are £0.0500 (price ÷ EPS = P/E 31.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Franchise Brands PLC (FRAN)?
The dividend yield of Franchise Brands PLC is 1.6% (payout 50.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Franchise Brands PLC (FRAN)?
The net margin of Franchise Brands PLC is 6.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Franchise Brands PLC (FRAN)?
The return on equity (ROE) of Franchise Brands PLC is 4.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Franchise Brands PLC (FRAN)?
On an EBIT basis the return on assets of Franchise Brands PLC is 5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Franchise Brands PLC (FRAN)?
The operating margin of Franchise Brands PLC is 12.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Franchise Brands PLC (FRAN)?
Revenue at Franchise Brands PLC is growing +4.1% versus a year earlier (3y avg +15.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Franchise Brands PLC (FRAN)?
Earnings per share at Franchise Brands PLC are growing +33.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Franchise Brands PLC (FRAN) carry?
The net debt of Franchise Brands PLC is 65.2M GBX (fiscal year 2025, ≈ 2.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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