olivLaw · European equity research
Sporting Clube de Portugal - Futebol, SAD SCP.LS
Portugal · Euronext Lisbon · ISIN PTSCP0AM0001 · Vertical: Listed companies from Portugal
Sporting Clube de Portugal - Futebol, SAD runs the football operations of Sporting CP and monetises tickets, hospitality, sponsorship and merchandise. In fiscal 2025/2026 commercial activity grew across several lines, and the brand is now expanding its physical and digital presence. The results show how much revenue depends on sporting success and on the stadium experience offered.
At the close of 05 Nov 2026, Sporting Clube de Portugal - Futebol, SAD (SCP.LS) stock was 0.99 EUR (+3.68% on the day), with market capitalisation 199.0 m EUR, P/E 5.7 on diluted EPS of 0.17 EUR over the last 12 months, beta -0.08, 52-week range 0.95–1.02 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 53.9
- neutral
- Bollinger (20, 2)
- 0.94 – 1.01
- in the upper half of the band · %B 0.66 · band width 7.6%
- SMA 50 / 200
- 0.98 / 0.98
- mixed trend
- MACD (12, 26, 9)
- -0.01 / -0.00
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +0.5% | +0.4% | +0.1 pp | — |
| 3 months | +1.5% | −3.3% | +4.8 pp | — |
| 6 months | +2.6% | +4.0% | −1.4 pp | — |
| Year to date | −2.5% | +8.1% | −10.6 pp | — |
| 1 year | −1.5% | +10.7% | −12.2 pp | −10.1% |
| 3 years | +13.9% | +50.1% | −36.2 pp | +10.3% |
| 5 years | +9.4% | +43.6% | −34.2 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 50 percentile of its own 2-quarter history (min 5.7, median 7.6, max 9.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2025 | 2026 |
|---|---|---|
| Revenue | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable |
| Net income | 20.0 m | 34.7 m |
| Net income YoY | unavailable | +73.5% |
| Diluted EPS | 0.10 | 0.17 |
| Diluted EPS YoY | unavailable | +73.7% |
| net % | unavailable | unavailable |
| Free cash flow | -45.6 m | -20.4 m |
Balance sheet & financial health
Fiscal year 2026 · 30 Jun 2026
- Cash
- 117.9 m EUR
- Financial debt
- 309.1 m EUR
- Net debt
- 191.2 m EUR
- Equity
- 75.6 m EUR
- Total assets
- 726.9 m EUR
- Debt / equity
- 4.09x
- Current ratio
- 1.38x
- ROE
- 59.6%
- ROA
- 6.1%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Income statement · EUR
Balance sheet · EUR
| Line | 2025 | 2026 | Source (latest year) |
|---|---|---|---|
| Cash | 15.6 m | 117.9 m | esef· 22 Oct 2026verified |
| Inventories | 6.7 m | 8.9 m | esef· 22 Oct 2026verified |
| Current assets | 102.9 m | 258.6 m | esef· 22 Oct 2026verified |
| Property, plant & equipment, net | 29.9 m | 46.2 m | esef· 22 Oct 2026verified |
| Total assets | 420.7 m | 726.9 m | esef· 22 Oct 2026verified |
| Short-term debt | 25.3 m | 1.1 m | esef· 22 Oct 2026verified |
| Long-term debt | 123.6 m | 308.1 m | esef· 22 Oct 2026verified |
| Current liabilities | 165.1 m | 187.5 m | esef· 22 Oct 2026verified |
| Total liabilities | 379.8 m | 651.3 m | esef· 22 Oct 2026verified |
| Equity | 40.9 m | 75.6 m | esef· 22 Oct 2026verified |
| Shares outstanding at year end | 202.3 m | 202.0 m | esef· 22 Oct 2026derived |
Cash flow · EUR
| Line | 2025 | 2026 | Source (latest year) |
|---|---|---|---|
| Operating cash flow | -30.4 m | 5.3 m | esef· 22 Oct 2026verified |
| Capex | 15.2 m | 25.7 m | esef· 22 Oct 2026verified |
| Free cash flow | -45.6 m ≈ | -20.4 m ≈ | esef· 22 Oct 2026derived |
| Investing cash flow | 28.1 m | -48.4 m | esef· 22 Oct 2026verified |
| Financing cash flow | 10.9 m | 145.4 m | esef· 22 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 39.6% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 199.0 m EUR
Key indicators
Coverage and freshness
Score by group
40% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 1.74 – 2.67 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E1.74 – 2.67 (Mid 2.06)7 companies used · median multiple 12.0x · quartiles 10.1x – 15.5xCOR.LS, CTT.LS, EGL.LS, JMT.LS, NVG.LS, SEM.LS, TDSA.LS
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 39.6% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 22.4% | 57 (vs peers) | 26% |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | -58.7% | 0 (on a fixed band) | 16% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.4x | 48 (on a fixed band) | 11% |
| P/E (TTM) · Valuation | 5.7x | 88 (vs peers) | 26% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -10.2% | 0 (on a fixed band) | 21% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial48/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality36/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation49/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Sporting Clube de Portugal - Futebol, SAD (SCP.LS). Latest full fiscal year: 2026; data up to 2026-06-30.
Figures computed from the financial statements: ROE 59.6%.
The estimated value range is 1.74–2.67 EUR per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 2.06 EUR, the price of 0.98 EUR leaves a potential of 109.1% (value / price − 1) and a margin of safety of 52.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 39.6% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- P/E (TTM): 5.7x
- The price is below the estimated value range
What contradicts it
- FCF conversion: -58.7%
- FCF yield: -10.2%
Not assessed (insufficient data or a ratio without meaning): Net margin, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Portugal · same country · compared with 10 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| JMT.LSJerónimo Martins Sgps SA | 12.2 bn | 18.9 | 20.5% | 1.8% | +7.6% | −5% / −14% |
| NVG.LSThe Navigator Company, S.A. | 2.2 bn | 15.1 | 10.5% | 7.3% | −5.7% | +1% / −19% |
| SEM.LSSemapa - Sociedade De Investimento E Gestão, Sgps, S.A. | 1.6 bn | 10.1 | 9.3% | 7.4% | −1.6% | +18% / +46% |
| EGL.LSMota - Engil, Sgps S.A. | 1.4 bn | 10.2 | 44.7% | 2.5% | −10.9% | −6% / +20% |
| COR.LSCorticeira Amorim, Sgps, S.A. | 889.3 m | 16.0 | 6.6% | 6.5% | −8.3% | −1% / −26% |
| CTT.LSCtt - Correios De Portugal S.A. | 607.2 m | 12.0 | 20.1% | 4.5% | +16.9% | −35% / +28% |
| NBA.LSNovabase - Sociedade Gestora De Participações Sociais S.A. | 261.8 m | 51.1 | 8.8% | 4.4% | −7.2% | −19% / +35% |
| TDSA.LSTeixeira Duarte, S.A. | 173.0 m | 3.5 | 34.1% | 7.1% | −8.9% | −39% / +485% |
| ESON.LSEstoril-Sol, SGPS S.A. | 32.2 m | — | -25.2% | -20.3% | −2.4% | −31% / −63% |
| RAM.LSRamada Investimentos E Indústria, S.A. | — | — | 8.1% | 85.9% | +0.6% | −14% / +0% |
1- and 3-year price returns: for SCP.LS from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Sporting Clube de Portugal - Futebol, SAD runs the football operations of Sporting CP and monetises tickets, hospitality, sponsorship and merchandise. In fiscal 2025/2026 commercial activity grew across several lines, and the brand is now expanding its physical and digital presence. The results show how much revenue depends on sporting success and on the stadium experience offered 1.
SWOT
Strengths
- A large fan community and a strong social media presence support ticket and merchandise sales.
- Growing hospitality and sponsorship revenue shows solid demand for premium segments.
- A clear digital strategy, with an integrated e-commerce platform and commercial campaigns that set records.
Weaknesses
- Revenue depends largely on sporting performance, which makes financial results harder to predict.
- Merchandising declined in the year under review, which shows the sensitivity of this segment.
- The physical store network is still limited, with few points of sale.
Opportunities
- Expanding the online channel and lifestyle collections could generate extra revenue outside match days.
- The youth segment grew strongly, which opens room for offers aimed at families.
- Developing stadium experience programmes could increase hospitality revenue.
Threats
- Dependence on sporting results could affect ticket demand and sponsorship if performance falls.
- Competition for fan and sponsor attention, both domestically and in Europe, remains intense.
- Changes in consumer behaviour could reduce demand for physical merchandise.
Risks
- Dependence on sporting performancehigh
Revenue from tickets, hospitality and sponsorship depends on the team's results. A weak season could reduce attendance and commercial interest.
- Volatility of merchandisingmedium
Sales of kit and lifestyle products fell in the year under review. If the trend continues, revenue from this segment could be less predictable.
- Dependence on sponsorsmedium
The value of advertising contracts depends on relationships with commercial partners. Losing a major sponsor could affect revenue.
- Going concernmedium
The source refers to the going concern assessment. If factors affecting the company's development worsen, significant uncertainties could arise.
- Digital executionlow
The new online platform must attract customers consistently. If adoption stays below expectations, digital investment could deliver lower returns.
Investment thesis
What would need to be true (bull case)
- Advertising, hospitality and game revenue all grew in fiscal 2025/2026, showing that the club's commercial base is strengthening.
- The fan community and social media presence give an advantage that is hard to replicate in the sports industry.
- If the digital and lifestyle strategy keeps developing, new revenue streams could offset the seasonality of matches.
What would break the thesis
- Revenue remains tied to sporting results, which makes financial performance sensitive to the team's form.
- The decline in merchandising in the year under review could signal weaker demand in an important segment.
- The record monthly figure from the kit launch is not in the accounts of the year under review, so results can only be judged on the stated fiscal year.
What to watch
- Development of merchandising sales after the 2026/2027 kit launch2026/2027
- Performance of the Loja Verde Online and digital channelsnext annual report
- Trend in hospitality and Lion Seats revenue2026/2027
- Going concern statements and the factors that could affect themnext annual report
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company manages the commercial activity of the Sporting CP club, focused on professional football and the Sporting brand. Revenue is grouped into Game Income (tickets, season tickets and hospitality), advertising and sponsorship, and merchandising through Sporting Entertainment. In fiscal 2025/2026 advertising and sponsorship reached 21.4 million euros, and game income reached 29.1 million euros 1.
The source states that game income rose 20% against the prior season, after the launch of a new game offer and a renewed value proposition. Ticket office revenue was 8.2 million euros, and Gamebox season ticket sales set a new record of 9.6 million euros 1.
The club also develops a lifestyle portfolio with its own collections, brand collaborations and both physical and online channels, including a Loja Verde Online launched in June 2026. This distribution network is part of the digital transformation strategy and of extending the brand beyond sport 1.
Segments
Game Income
Covers match tickets, Gamebox season tickets, Lion Seats and hospitality. Game income grew 20% in 2025/2026, and hospitality reached 10.9 million euros, up 35% 1.
Advertising and Sponsorship
The contract value with existing sponsors increased, and the club attracted new partners. The line reached 21.4 million euros, the highest figure in the club's history, up 12% 1.
Merchandising
Sales fell 7% in fiscal 2025/2026, to 16.1 million euros. The Loja Verde Online contributed 23% of revenue, and the launch of the 2026/2027 kits brought a record monthly sales figure of about 4 million euros, which is not included in the year under review 1.
Market context
The Lisbon football club competes in the local and international professional football market, where revenue depends on tickets, sponsorship and commercial rights. The source points to a large fan base, with more than 12.6 million followers on social media. If sports brands keep growing in the lifestyle segment, merchandising revenue could become more stable 1.
The consumer market for team kit and lifestyle products is sensitive to sporting results and promotional campaigns. If on-pitch performance improves, demand for tickets and hospitality could rise further 1.
Trends
- Digitalisation of salestailwind
The Loja Verde Online, built on the Shopify platform, contributed 23% of merchandising revenue. If customers keep buying online, the digital channel could offset declines in physical stores.
- Strong demand for hospitalitytailwind
Demand for suites and VIP seats rose 35%. If this trend holds, premium stadium revenue could become increasingly important.
- Declining merchandising salesheadwind
Merchandising sales fell 7% in the year under review. If the decline continues, dependence on the brand's commercial side could become a vulnerability.
- Sporting performance as a revenue drivermixed
The source links the growth in ticket office revenue to the team's run in the Champions League. Sporting results directly influence attendance and demand, so the effect on revenue can be both positive and negative.
Competitive position
The source does not identify direct competitors. The club nonetheless competes with other football clubs for spectators, sponsors and fan attention, both domestically and in Europe.
In merchandising and lifestyle, the brand faces other kit makers and consumer brands that attract the same audience. Differentiation depends on the fan community and on the collections launched.
- Other Portuguese football clubs
Domestic rivals compete for tickets, sponsorship and audience; the source gives no details about them.
- European clubs in the Champions League
The European competition attracts sponsors and fan attention, and results in this setting directly affect club revenue.
- Sports equipment manufacturers
Kit and lifestyle suppliers compete for the same merchandising customers, though the source does not identify them.
- Lifestyle and urban fashion brands
The club's lifestyle collections compete with brands that attract consumers who are not necessarily football fans.
News & filings
In the press
- Cristiano Ronaldo a luat decizia în privinţa meciului de retragere din echipa naţională a Portugaliei - Antena SportSurge — Google News · 05 Nov 2026 · RO
- Soccer: Opaque club ownership is more likely associated with higher financial and criminal risksPhys.org · 05 Nov 2026 · EN
- Rezultate Conference League: Ajax câștigă cu 6-1, Atalanta a remizat cu Kairat Almaty, Steaua Roșie Belgrad bateInter EscaldesG4Media · 05 Nov 2026 · RO
- Rezultate Conference League: Ajax câștigă cu 6-1, Freiburg se impune la Trabzon, Braga și Gent remizeazăMediafax · 05 Nov 2026 · RO
- PROFILE - Cristiano Ronaldo: The making of a football phenomenonAnadolu Agency (TR, EN) · 05 Nov 2026 · EN
- Fostele echipe ale lui Ronaldo au reacționat, după anunțul lui Cristiano - GSPSurge — Google News · 05 Nov 2026 · RO
- Research supports communitywide efforts to fight bedbug infestations, expert explainsPhys.org · 05 Nov 2026 · EN
- Cristiano Ronaldo, cel mai bogat fotbalist din lume, care a câştigat din fotbal şi marketing peste 1 mld. euro, a anunţat că se retrage. El şi-a început cariera spectaculoasă acum 23 de ani la Sporting Lisabona, unde a fost promovat la prima echipă de antrenorul român Ladislau BölöniZiarul Financiar · 05 Nov 2026 · RO
- Paolo Fonseva va antrena pe Sporting Lisabona - Radio MoldovaSurge — Google News · 05 Nov 2026 · RO
- How Online Maps Lay Bare the US Military Bases Targeted by IranBellingcat · 05 Nov 2026 · EN
- Golgheterul-surpriză din UEFA Champions League: e peste Haaland, Kane, Mbappe și Raphinha! - Digi SportSurge — Google News · 05 Nov 2026 · RO
- Paolo Fonseva va antrena pe Sporting LisabonaMoldova 1 — Teleradio-Moldova (MD) · 05 Nov 2026 · RO
- Golgheter-surpriză în Liga Campionilor, peste norvegianul Haaland - Ziare.comSurge — Google News · 05 Nov 2026 · RO
- Fotbal: Sporting Lisabona îl anunță pe Paulo Fonseca în funcția de antrenorAgerpres · 05 Nov 2026 · RO
- Nu este Mbappe sau Haaland! Lider surpriză în clasamentul golgheterilor din Liga Campionilor - Rezultate liveSurge — Google News · 05 Nov 2026 · RO
- Cine este Anastasios Douvikas, golgheterul actualei ediții din Champions League: nicio echipă mare în CV, dar peste Haaland! - Sport.roSurge — Google News · 05 Nov 2026 · RO
- UEFA Champions League: Como, victorie istorică la Lens. Arsenal și Manchester City, învingătoareMediafax · 04 Nov 2026 · RO
- Incredibil cât plătește Sporting Lisabona pentru noul antrenor! - Sport.roSurge — Google News · 04 Nov 2026 · RO
- Cupa României: Sporting Liești a pierdut partida cu SC Dinamo - Liga 2Surge — Google News · 04 Nov 2026 · RO
- Caitlin Clark signs as first-ever brand partner with Dick's and Foot LockerCNBC — Top News · 04 Nov 2026 · EN
Annual reports (ESEF)
- Annual report 202622 Oct 2026
Sources
- [1] Annual report, fiscal year ended 2026-06-30 (ESEF) · SEC / Sporting Clube de Portugal - Futebol, SAD · 30 Jun 2026
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.