olivLaw · European equity research
Everest Global Plc EVST.L
United Kingdom · London Stock Exchange · ISIN GB00BVD9DK18 · Vertical: Listed companies from United Kingdom
Everest Global Plc is a small UK-listed company that plans acquisitions in beverage distribution and production, focused on the UK and Europe. The fiscal year ended 31 October 2024 was marked by the acquisition of wine retailer PL and financing through convertible loan notes, which raises questions about its ability to fund growth, according to its annual report.
At the close of 04 Nov 2026, Everest Global Plc (EVST.L) stock was 1.10 GBP (+0.00% on the day), with market capitalisation 79.6 m GBP, P/E 76.4 on diluted EPS of 0.01 GBP over the last 12 months, beta -27.82, 52-week range 0.01–3.00 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 52.2
- neutral
- Bollinger (20, 2)
- -0.12 – 1.77
- in the upper half of the band · %B 0.64 · band width 227.9%
- SMA 50 / 200
- 0.91 / 3.80
- mixed trend
- MACD (12, 26, 9)
- 0.06 / 0.01
- MACD above 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 | +9,900.0% | −0.6% | +9,900.6 pp | — |
| 3 months | unavailable | −4.2% | unavailable | — |
| 6 months | unavailable | +4.3% | unavailable | — |
| Year to date | −56.0% | +7.5% | −63.5 pp | — |
| 1 year | unavailable | +9.9% | unavailable | +5.8% |
| 3 years | −77.1% | +49.8% | −126.9 pp | +26.3% |
| 5 years | −84.3% | +42.8% | −127.1 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 0 percentile of its own 1-quarter history (min 277.8, median 277.8, max 277.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | unavailable | 0 | 437.8 k |
| Revenue YoY | unavailable | unavailable | unavailable |
| Net income | -4.6 m | -862.3 k | 1.8 m |
| Net income YoY | unavailable | unavailable | unavailable |
| Diluted EPS | -0.18 | -0.02 | 0.01 |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | unavailable | unavailable | 410.1% |
| Free cash flow | -1.9 m | -583.1 k | -726.4 k |
Balance sheet & financial health
Fiscal year 2024 · 31 Oct 2024
- Cash
- 279.7 k GBP
- Financial debt
- 7.3 k GBP
- Net debt
- -272.4 k GBP
- Equity
- 96.4 k GBP
- Total assets
- 4.1 m GBP
- Debt / equity
- 0.08x
- Current ratio
- 3.22x
- ROE
- unavailable
- ROA
- 59.1%
- FCF margin
- -165.9%
Financial statements (source on every figure)
Revenue and net income (GBP)
Income statement · GBP
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Revenue | — | 0 | 437.8 k | esef· 17 Apr 2025verified |
| Cost of revenue | — | 0 | 329.7 k | esef· 17 Apr 2025verified |
| Gross profit | — | 0 | 108.1 k | esef· 17 Apr 2025verified |
| Operating income | -1.2 m | -810.9 k | -669.6 k | esef· 17 Apr 2025verified |
| Interest expense | — | 76.0 k | 124.0 k | esef· 17 Apr 2025verified |
| Pre-tax income | — | -879.9 k | -629.8 k | esef· 17 Apr 2025verified |
| Income tax | — | 0 | 0 | esef· 17 Apr 2025verified |
| Net income | -4.6 m | -862.3 k | 1.8 m | esef· 17 Apr 2025verified |
| Diluted EPS | -0.18 | -0.02 | 0.01 | esef· 17 Apr 2025verified |
Balance sheet · GBP
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Cash | 925.8 k | 858.0 k | 279.7 k | esef· 17 Apr 2025verified |
| Receivables | 282.5 k | 573.4 k | 2.9 m | esef· 17 Apr 2025verified |
| Inventories | 175.9 k | 329.4 k | 39.3 k | esef· 17 Apr 2025verified |
| Current assets | 1.4 m | 1.8 m | 3.2 m | esef· 17 Apr 2025verified |
| Property, plant & equipment, net | 13.9 k | 25.8 k | 0 | esef· 17 Apr 2025verified |
| Goodwill | — | 0 | 879.1 k | esef· 17 Apr 2025verified |
| Total assets | 1.7 m | 1.9 m | 4.1 m | esef· 17 Apr 2025verified |
| Accounts payable | 624.4 k | 1.1 m | 401.8 k | esef· 17 Apr 2025verified |
| Long-term debt | 4.7 m | 4.7 m | 7.3 k | esef· 17 Apr 2025verified |
| Current liabilities | 724.9 k | 1.2 m | 993.9 k | esef· 17 Apr 2025verified |
| Equity | -4.7 m | -4.6 m | 96.4 k | esef· 17 Apr 2025verified |
| Shares outstanding at year end | — | 50.4 m | 72.4 m | esef· 17 Apr 2025derived |
Cash flow · GBP
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | -1.9 m | -583.1 k | -726.4 k | esef· 17 Apr 2025verified |
| Capex | 5.5 k | 0 | 0 | esef· 17 Apr 2025verified |
| Free cash flow | -1.9 m ≈ | -583.1 k ≈ | -726.4 k ≈ | esef· 17 Apr 2025derived |
| Investing cash flow | -5.5 k | -184.6 k | -2.8 m | esef· 17 Apr 2025verified |
| Financing cash flow | 1.7 m | 699.9 k | 3.0 m | esef· 17 Apr 2025verified |
≈ 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
- score weight coverage: 41.7% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 79.6 m GBP
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
42% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 41.7% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 410.1% | 100 (vs peers) | 15% |
| FCF conversion · Quality | -40.5% | 0 (on a fixed band) | 15% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -5.4x | 0 (on a fixed band) | 15% |
| Current ratio · Balance sheet | 3.2x | 100 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | 76.4x | 0 (vs peers) | 25% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -0.9% | 0 (on a fixed band) | 20% |
| 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 sheet40/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality50/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation0/100 · 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
EVEREST GLOBAL PLC (EVST.L). Latest full fiscal year: 2024; data up to 2024-10-31.
Figures computed from the financial statements: revenue 437.8 k GBP in 2024; net margin 410.1%.
The estimated value range is 0.16–0.25 GBP per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 0.21 GBP, the price of 1.10 GBP leaves a potential of -81.1% (value / price − 1) and a margin of safety of -429.5% (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 (score weight coverage: 41.7% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 410.1%
- Current ratio: 3.2x
What contradicts it
- FCF conversion: -40.5%
- Interest coverage: -5.4x
- P/E (TTM): 76.4x
- FCF yield: -0.9%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| EVST.LEverest Global PLC | 79.6 m | 76.4 | — | 410.1% | unavailable | −60% / −82% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
1- and 3-year price returns: for EVST.L 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
Everest Global Plc is a small UK-listed company that plans acquisitions in beverage distribution and production, focused on the UK and Europe. The fiscal year ended 31 October 2024 was marked by the acquisition of wine retailer PL and financing through convertible loan notes, which raises questions about its ability to fund growth, according to its annual report 1.
SWOT
Strengths
- The company has a clearly stated acquisition strategy in beverage distribution and has already integrated PL into its financial reporting systems 1.
- The board has experience in finance, investment banking and governance, which can support execution of the strategy 1.
- Access to convertible loan note financing has allowed capital to be raised without immediate dilution, at least until conversion 1.
Weaknesses
- The company depends on a small number of acquisitions, so business risk could be concentrated in a single target 1.
- Funding relies on short-maturity notes, which could create refinancing pressure if sufficient revenue does not arrive 1.
- The company disposed of its spice business and has a narrow portfolio, which limits revenue diversification 1.
Opportunities
- Consolidation of beverage distribution in Europe could offer acquisition targets that fit the current strategy 1.
- Hong Kong securities licences could open capital channels from Asian investors if approvals are completed 1.
- Growing interest in premium or healthier products could support brands the company may acquire 1.
Threats
Risks
- De-listing riskhigh
If the company cannot maintain its minimum market capitalisation or meet the requirements of the commercial companies category, it could lose its London listing, leaving shareholders with shares that are hard to trade 1.
- Dependence on convertible loan note financinghigh
The notes have three-year terms, and conversion into shares could dilute existing shareholders; a significant shareholder is also the main creditor 1.
- Concentration of acquisitionsmedium
A single acquisition could concentrate business risk in one target and could bring co-owners with divergent decisions 1.
- Shifting consumer preferencesmedium
Preferences can change for reasons that are hard to anticipate, and failure to react could reduce demand and competitive position 1.
- Supply chain and qualitymedium
Supply disruptions and quality inconsistencies could affect deliveries, reputation and customer loyalty 1.
Investment thesis
What would need to be true (bull case)
- If the company identifies and integrates suitable acquisitions in beverage distribution, it could grow its scale without depending on a single market 1.
- Funding already raised and the integration of PL could provide an operating base for growth, if revenue from this segment strengthens 1.
- Potential access to Hong Kong investors, if approvals are completed, could diversify the company's sources of capital 1.
What would break the thesis
- Reliance on short-term convertible notes and on one significant shareholder could limit the company's financial independence 1.
- De-listing risk, if capitalisation requirements are not met, could seriously affect the liquidity of the shares 1.
- Activity remains concentrated on one recent acquisition, and the sector is competitive and tightly regulated, which could slow progress 1.
What to watch
- Progress on acquisitions of new targets in beverage distribution2025
- Conversion or repayment of convertible loan notes issued under the loan note instrument2025
- Regulatory approval of the investment in Ace Jumbo Ventures Limited2025
- Compliance with the minimum market capitalisation requirement to maintain the listingnext 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
According to the annual report for the year ended 31 October 2024, Everest Global Plc is a holding company whose board has set an acquisition strategy around the beverage industry, with a focus on beverage distribution and production in the UK and rest of Europe 1. The group acquired Precious Link (UK) Limited, known as PL, a wine retailer in the South of England, and in January 2024 it disposed of its South African subsidiary Dynamic Intertrade (Pty) Ltd 1. The growth strategy depends heavily on the board's ability to identify and implement new acquisitions 1.
Funding rests mainly on unsecured convertible loan notes issued to a fund controlled by a significant shareholder, Surich Real Estate Opportunity Fund SPC, with an initial three-year term 1. The funds raised were used for working capital, and surplus cash was placed in short-term loans to third parties so it could be recovered quickly if an acquisition arose 1. The company stated that, in the board's view, it has sufficient working capital through to February 2026 and no additional funding is required beyond what has been raised 1.
The company also announced a strategic interest in a Hong Kong holding company, Ace Jumbo Ventures Limited, whose regulatory approval had not been granted by the period end, so the investment was not recognised in the accounts 1. The board believes the Hong Kong securities licences could help future fundraising from investors in that region, if the transaction completes 1.
Segments
Alcoholic beverage distribution and retail
The main segment, through the PL acquisition, is wine distribution and retail, a heavily regulated area where licensing, labelling and supply chain management are critical 1.
Production and other activities
The production activity linked to the former spice business Dynamic Intertrade was disposed of in January 2024, so it no longer contributes to the current portfolio 1.
Market context
The company operates in the UK and European beverage market, a sector the management describes as highly competitive, with often low barriers to entry but industry-specific rules for alcohol 1. The report gives no market size or company market share, so its exact position cannot be measured from the source.
Demand depends on consumer preferences, which can change for reasons such as lifestyle and health, and the company acknowledges it cannot control these 1. For a small group of this size, exposure to such shifts is likely greater than for established operators.
Trends
- Shifting consumer preferencesheadwind
Health and lifestyle preferences could reduce demand for some products if the company fails to adapt its brand portfolio 1.
- Stricter regulation of the alcohol industryheadwind
Licensing, labelling and advertising requirements are becoming stricter, which could raise compliance costs for distributors 1.
- Consolidation through acquisitions in beverage distributionmixed
The acquisition strategy could benefit if suitable targets appear at reasonable valuations, but it depends on the availability of funding 1.
- Tougher listing requirements in the UKheadwind
New listing rules for commercial companies, effective from 29 July 2024, require a minimum market capitalisation to be maintained, otherwise the company could be de-listed 1.
Competitive position
The report describes beverage distribution and production as a highly competitive sector where barriers to entry are often low, although the alcohol industry has its own barriers for new entrants 1. The source names no specific competitors, so operators in the same category cannot be identified directly from this document.
Without a competitor list in the source, comparing market share or margins with other players is not possible on the basis of this annual report 1.
- Unnamed UK beverage distributors
The source does not identify specific competitors; the sector is described as highly competitive 1.
- European wine and beverage distributors
The source mentions only general sector competition, without naming companies 1.
- Alcohol retailers in the South of England
The geographic area of PL is mentioned, but not its direct competitors 1.
- European beverage producers
The source discusses production only in general terms, without naming firms 1.
News & filings
In the press
- 1 Dead, 2 Injured After 2 Helicopters Collide On Mount EverestSimple Flying · 03 Nov 2026 · EN
- Accident grav în Nepal, în apropiere de Everest. Două elicoptere s-au ciocnit la aterizareAntena 3 CNN · 03 Nov 2026 · RO
- Momentul șocant în care două elicoptere se ciocnesc în aer și să prăbușesc chiar lângă oamenii care așteptau la sol, pe EverestAntena 3 CNN · 03 Nov 2026 · RO
- Video shows two helicopters colliding in Nepal’s Everest regionEuronews — News (EN) · 03 Nov 2026 · EN
- Indian tourist killed after two helicopters collide near Everest base campBBC World News · 03 Nov 2026 · EN
- Accident aviatic în Nepal: două elicoptere s-au ciocnit în zona taberei de bază de pe EverestAntena 3 CNN · 03 Nov 2026 · RO
- Two Helicopters Collide Near Everest Base Camp, Killing One TouristGreek Reporter (GR, EN) · 03 Nov 2026 · EN
- Two helicopters crash near Everest base camp, killing Indian touristAl Jazeera English · 03 Nov 2026 · EN
- Összeütközött és lezuhant két helikopter a Mount Everest közelébenIndex.hu English (HU) · 03 Nov 2026 · EN
- One dead after two helicopters collide near Mount Everest in NepalAl Jazeera English · 03 Nov 2026 · EN
- Indian national killed after two helicopters collide in Nepal's Mount Everest regionCNA (Channel NewsAsia) · 03 Nov 2026 · EN
- One killed after two helicopters collide in Nepal’s Mount Everest regionThe Straits Times — Asia · 03 Nov 2026 · EN
- Indian national killed after two helicopters collide in Nepal's Mount Everest regionThe Straits Times — Asia · 03 Nov 2026 · EN
- 1 person dead after two helicopters collide while landing in Nepal’s Everest regionAnadolu Agency (TR, EN) · 03 Nov 2026 · EN
- Fire breaks out at hotel near Nepal’s Everest Base Camp, no casualties reportedAnadolu Agency (TR, EN) · 02 Nov 2026 · EN
- Fire engulfs hotel in Nepal along Everest Base Camp routeAl Jazeera — World · 01 Nov 2026 · EN
- New Everest film hopes to nudge US-China relations into a higher altitudeSouth China Morning Post — China · 31 Oct 2026 · EN
- Fire breaks out at Nepal hotel along route to Everest base campThe Straits Times — Asia · 30 Oct 2026 · EN
- Why Birds Can Fly over Mount EverestHacker News · 24 Oct 2026 · EN
- „Am văzut corturi zburând cu tot cu oameni!” » 3 povești incredibile de pe Everest, dezvăluite de românul care a condus o expediției istorică - GSPSurge — Google News · 13 Oct 2026 · RO
Annual reports (ESEF)
- Annual report 202417 Apr 2025
- Annual report 202318 Mar 2024
Sources
- [1] Annual report, fiscal year ended 2024-10-31 (ESEF) · SEC / Everest Global Plc · 31 Oct 2024
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.