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Restore plc (RST) Fair Value & Analysis

Industrials · GB · Market cap 360M GBX

RP Restore plc RST · LSE
Price£3.01
Fair Value£0.4000
Upside-86.7%
Quality54/100
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Healthy Growth
Loss-making · -2.1% net margin
Moderate debt · generates free cash flow
2.56% dividend yield
Trails peers (2/14)
Narrow moat 29/100
Evidence: High Range £0.1500 – £1.10 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Fair value updated Aug 13, 2026, revised from £0.3500 to £0.4000 (+14.3%) since Jul 13, 2026. Share price +12.3% over the past month.

A solid business, but screening 87% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£1.10). The favourable scenario is already priced in.
  • The model range is unusually wide (£0.1500 to £1.10). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

£4.64 £1.16 Fair Value £0.4000 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range £1.16 – £4.64 · fair‑value band £0.1500 – £1.10 · the £3.01 price screens above the £0.4000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Restore plc (RST) currently trades at £3.01, while our model-based Fair Value estimate is £0.4000, implying the stock looks roughly 86.7% overvalued today. The Quality Score stands at 54/100 (solid 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, Restore plc generated revenue of £305M at a net margin of -2.1%. Revenue grew 14.8% year over year. It earns a return on equity of 0.6%. Net debt stands at £257M. Fundamentals as of Aug 13, 2026

Our scenario range runs from £0.1500 (bear case) to £1.10 (bull case); at £3.01, 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 -38% fair-value upside, at -87%, RST screens richer 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 £2.36 £4.54 £7.80 80
Residual Income £1.06 £0.9700 £0.6200 76
Rev-Margin DCF £1.33 £2.75 £4.66 74
All 26 models by family
DCF Models
FCF DCF £2.44 £5.01 £9.15 38
Owner Earnings £2.08 £4.36 £8.04 31
5Y Revenue Exit £1.33 £2.76 £4.68 39
5Y EBITDA Exit £3.39 £7.17 £12.06 41
5Y P/E Exit £0.3900 £0.7500 £1.10 38
10Y Revenue Exit £1.66 £3.12 £5.35 36
10Y EBITDA Exit £2.98 £6.14 £11.20 37
10Y P/E Exit £1.13 £1.75 £2.50 35
Earnings-Based
Graham-Dodd £0.0700 £0.3500 £0.4800 54
Lynch FV £0.1000 £0.1400 £0.1800 50
PEG = 1.0 £0.1000 £0.1400 £0.1800 46
EPV £0.1500 £0.2900 £0.4100 59
Dividend Discount
Gordon GGM £0.4700 £0.8500 £1.18 70
DDM Multi-Stage £0.4700 £0.7800 £0.9100 61
Multiples
P/E Multiple £0.1500 £0.2100 £0.2600 63
P/S Multiple £0.1200 £0.1700 £0.2100 58
P/B Multiple £0.1200 £0.1700 £0.2100 55
EV/EBIT £1.38 £2.14 £2.90 53
EV/EBITDA £4.33 £6.07 £7.82 54
EV/Revenue £0.7300 £1.43 £2.12 43
Asset-Based
NCAV (Graham) £0.8300 £1.11 £1.65 50
Growth DCF
Growth DCF £2.36 £4.54 £7.80 80
Rev-Margin DCF £1.33 £2.75 £4.66 74
Economic Profit
Residual Income £1.06 £0.9700 £0.6200 76
ROIC Compounder £0.1500 £0.2900 £0.4100 72
Growth Earnings
Growth-Adj P/E £0.1400 £0.2000 £0.2700 68

Widest divergence: DCF Models (£3.12) versus Earnings-Based (£0.1400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 305M GBX
Revenue growth (YoY) +14.8%
Net margin -2.1%
Return on equity 0.6%
Free cash flow 40.0M GBX FY2025
P/E ratio 301.0
More key figures
Operating margin 8.5%
EPS (TTM) £0.0100
Dividend yield 2.6%
EPS growth (YoY) -48.9%
Net debt 257M GBX FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 52 · Market factors (momentum, volatility) 71

Profitability 22
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 92
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

Restore plc, together with its subsidiaries, provides secure and sustainable business services for data, information, communications, and assets primarily in the United Kingdom. It operates through three segments: Information Management, Datashred, and Technology.

Full company description

Restore plc, together with its subsidiaries, provides secure and sustainable business services for data, information, communications, and assets primarily in the United Kingdom. It operates through three segments: Information Management, Datashred, and Technology. The company offers physical records storage and management, digital processing, outbound communications, digital transformation, cloud storage and data management, process outsourcing, digital mailrooms, and data management software solutions, as well as off-site storage, scanning, and hosting solutions. It also provides secure paper and IP destruction, paper recycling and resale, and onsite and offsite shredding services. In addition, the company offers high security IT asset erasure, IT decommissioning and recycling, technology refurbishment and resale, IT asset preparation and installation, and IT relocation solutions. Further, the company provides document storage and retrieval; document scanning and IT services; and document collection and destruction solutions, as well as sells shredded paper products and recycled IT assets to commercial trade partners. Restore plc is headquartered in London, the United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Restore plc reported revenue of £305M in FY2025 versus £234M in FY2021, a compound +6.8%/yr. Reported net income was £1.3M in FY2025, compounding −42.0%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£305M
Latest YoY
+10.7%
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.
+3.0%
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.
+10.8%
Avg. growth/yr (20Y) 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.
+16.1%
Revenue +6.8%/yr
FY21 £234M
FY22 £279M
FY23 £277M
FY24 £275M
FY25 £305M
Net income −42.0%/yr
FY21 £11.5M
FY22 £16.8M
FY23 −£30.7M
FY24 £12.4M
FY25 £1.3M

RST screens 87% overvalued. Compare with Cintas Corporation →

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Cite: Fair Value Calculator (2026). "Restore plc Fair Value". https://www.fairvalue-calculator.com/stock/RST

Peer Group

Specialty Business Services · 250 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 54 · Below median
Fair Value upside −87% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 3% · Below median
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) 9% · Above median
Revenue growth 15% · Above median
Dividend yield (TTM) 2.6% · Below median
Debt / equity 0.56× · Higher than median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 301.0× · Pricier than 75% of peers
P/B 2.21× · Pricier than median
P/S (TTM) 1.59× · Pricier than median
P/FCF 12.1× · Pricier than 75% of peers
EV/EBITDA 12.2× · Pricier than median

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 28
FUTURE 74 · sector 25
PAST 2 · sector 33
HEALTH 72 · sector 90
DIVIDEND 51 · sector 53

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.

Similar stocks

10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $205.28 $95.19 -54%
RELX PLC RELX $34.55 $32.24 -7%
Thomson Reuters Corporation TRI C$142.85 C$70.40 -51%
Copart, Inc CPRT $28.99 $28.59 -1%
Global Payments Inc GPN $88.53 $68.98 -22%
RB Global, Inc RBA C$120.52 C$49.14 -59%
Brambles Limited BXB A$19.89 A$12.28 -38%
UL Solutions Inc ULS $76.68 $33.62 -56%
Aramark ARMK $60.35 $13.18 -78%
ISS A/S ISS kr 288.20 kr 251.13 -13%

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Frequently asked questions

Is Restore plc (RST) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of £0.4000 versus a price of £3.01, about −87% (overvalued).
What is the fair value of RST?
Our model-based fair value for Restore plc is £0.4000 (as of Aug 13, 2026), built from audited fundamentals. The current price is £3.01.
What is the quality score of RST?
Restore plc has a Quality Score of 54/100. 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 Restore plc (RST)?
Restore plc reported trailing-twelve-month revenue of about £305M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of RST?
The net profit margin of Restore plc is about -2.1%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Restore plc pay a dividend?
Restore plc currently shows a dividend yield of about 2.56% relative to its recent price (as of Aug 13, 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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