olivLaw · European equity research
Princes Group PLC PRN.L
United Kingdom · London Stock Exchange · ISIN GB00BVZNY531 · Vertical: Listed companies from United Kingdom
Princes Group PLC is a British food group active in preserving and distributing products, including fish-based foods. Its annual report for fiscal 2025 describes a consolidated group structure with acquisitions made between entities under common control.
At the close of 05 Nov 2026, Princes Group PLC (PRN.L) stock was 3.52 GBP (+1.01% on the day), with market capitalisation 339.2 m GBP, P/E 9.5 on diluted EPS of 0.37 GBP over the last 12 months, beta 0.34, 52-week range 2.98–4.79 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)
- 57.4
- strong (55–70)
- Bollinger (20, 2)
- 3.31 – 3.63
- in the upper half of the band · %B 0.65 · band width 9.3%
- SMA 50 / 200
- 3.31 / 3.56
- mixed trend
- MACD (12, 26, 9)
- 0.05 / 0.05
- 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 | +8.7% | −0.6% | +9.3 pp | — |
| 3 months | +4.9% | −4.2% | +9.1 pp | — |
| 6 months | −7.3% | +4.3% | −11.6 pp | — |
| Year to date | −21.9% | +7.5% | −29.4 pp | — |
| 1 year | −24.4% | +9.9% | −34.3 pp | +5.8% |
| 3 years | unavailable | +49.8% | unavailable | +26.3% |
| 5 years | unavailable | +42.8% | unavailable | — |
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 12.2, median 12.2, max 12.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2025 |
|---|---|
| Revenue | 1.9 bn |
| Revenue YoY | unavailable |
| Net income | 35.7 m |
| Net income YoY | unavailable |
| Diluted EPS | 0.37 |
| Diluted EPS YoY | unavailable |
| net % | 1.9% |
| Free cash flow | 123.5 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 485.2 m GBP
- Financial debt
- 182.4 m GBP
- Net debt
- -302.8 m GBP
- Equity
- 1.1 bn GBP
- Total assets
- 1.9 bn GBP
- Debt / equity
- 0.17x
- Current ratio
- 2.00x
- ROE
- unavailable
- ROA
- 1.9%
- FCF margin
- 6.6%
Financial statements (source on every figure)
Revenue and net income (GBP)
Income statement · GBP
| Line | 2025 | Source (latest year) |
|---|---|---|
| Revenue | 1.9 bn | esef· 12 May 2026verified |
| Cost of revenue | 1.5 bn | esef· 12 May 2026verified |
| Gross profit | 380.6 m | esef· 12 May 2026verified |
| Operating income | 76.0 m | esef· 12 May 2026verified |
| Interest expense | 37.9 m | esef· 12 May 2026verified |
| Pre-tax income | 55.4 m | esef· 12 May 2026verified |
| Income tax | 18.3 m | esef· 12 May 2026verified |
| Net income | 35.7 m | esef· 12 May 2026verified |
| Diluted EPS | 0.37 | esef· 12 May 2026verified |
Balance sheet · GBP
| Line | 2025 | Source (latest year) |
|---|---|---|
| Cash | 485.2 m | esef· 12 May 2026verified |
| Receivables | 324.4 m | esef· 12 May 2026verified |
| Inventories | 403.8 m | esef· 12 May 2026verified |
| Current assets | 1.2 bn | esef· 12 May 2026verified |
| Property, plant & equipment, net | 447.3 m | esef· 12 May 2026verified |
| Goodwill | 41.4 m | esef· 12 May 2026verified |
| Intangibles (excl. goodwill) | 70.3 m | esef· 12 May 2026verified |
| Total assets | 1.9 bn | esef· 12 May 2026verified |
| Accounts payable | 508.0 m | esef· 12 May 2026verified |
| Short-term debt | 71.8 m | esef· 12 May 2026verified |
| Long-term debt | 110.7 m | esef· 12 May 2026verified |
| Current liabilities | 606.7 m | esef· 12 May 2026verified |
| Total liabilities | 831.3 m | esef· 12 May 2026verified |
| Equity | 1.1 bn | esef· 12 May 2026verified |
| Shares outstanding at year end | 96.5 m | esef· 12 May 2026derived |
Cash flow · GBP
| Line | 2025 | Source (latest year) |
|---|---|---|
| Operating cash flow | 198.1 m | esef· 12 May 2026verified |
| Capex | 74.6 m | esef· 12 May 2026verified |
| Free cash flow | 123.5 m ≈ | esef· 12 May 2026derived |
| Investing cash flow | -275.7 m | esef· 12 May 2026verified |
| Financing cash flow | 316.0 m | esef· 12 May 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
- score weight coverage: 52.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 339.2 m GBP
Key indicators
Coverage and freshness
Score by group
52% · 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: 52.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 7.4% | 25 (vs peers) | 20% |
| Net margin · Quality | 1.9% | 26 (vs peers) | 12% |
| FCF conversion · Quality | 346.0% | 100 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 2.0x | 8 (on a fixed band) | 12% |
| Current ratio · Balance sheet | 2.0x | 100 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 9.5x | 83 (vs peers) | 20% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 36.4% | 100 (on a fixed band) | 16% |
| 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 sheet45/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality46/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation91/100 · 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
PRINCES GROUP PLC (PRN.L). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 1.9 bn GBP in 2025; net margin 1.9%; ROE 5.8%.
The estimated value range is 4.18–6.44 GBP per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 5.34 GBP, the price of 3.52 GBP leaves a potential of 51.9% (value / price − 1) and a margin of safety of 34.1% (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: 52.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 346.0%
- Current ratio: 2.0x
- P/E (TTM): 9.5x
- FCF yield: 36.4%
- The price is below the estimated value range
What contradicts it
- ROIC: 7.4%
- Net margin: 1.9%
- Interest coverage: 2.0x
Not assessed (insufficient data or a ratio without meaning): 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% |
| PRN.LPrinces Group PLC | 339.2 m | 9.5 | 5.8% | 1.9% | unavailable | −25% / unavailable |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| 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 PRN.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
Princes Group PLC is a British food group active in preserving and distributing products, including fish-based foods. Its annual report for fiscal 2025 describes a consolidated group structure with acquisitions made between entities under common control.
SWOT
Strengths
- Asset and business segment diversification gives management options for financing, including through disposals of assets 1.
- A consolidated group structure, with intragroup acquisitions accounted for at existing values, reduces integration complexity 1.
- An available credit line and existing liquidity support business continuity 1.
Weaknesses
- Reliance on a joint arrangement with an entity supplying all output creates operational concentration 1.
- Recognising intragroup acquisition differences directly in equity makes results harder to compare with earlier periods 1.
- IT outages could halt production, and the downside scenario does not include mitigating actions 1.
Opportunities
- Intragroup acquisitions and entity integration could simplify administration and create operational synergies 1.
- Preparing for IFRS 18 could bring clearer information about management-defined performance measures 1.
- Cost recovery through prices, if achieved, could support margins in inflationary periods 1.
Risks
- Cost recoveryhigh
If inflationary costs are not recovered through prices, margins could decline.
- Sales volumesmedium
An adverse trend in volumes could affect revenue, a scenario considered by management.
- IT continuityhigh
Severe IT outages could halt production facilities for a period.
- Dependence on Edible Oilsmedium
All of EOL's output is purchased by the group, creating dependence on this partner.
- Transition to IFRS 18low
New presentation rules could change operating profit measures and comparability.
Investment thesis
What would need to be true (bull case)
- If price recovery holds, margins could remain stable despite inflation, supported by asset diversification.
- The consolidated structure and available credit line could support business continuity over the period analysed.
- Integrating intragroup acquisitions could reduce administrative costs over the medium term.
What would break the thesis
- If inflation is not passed on to prices, margins could come under significant pressure.
- Production concentrated around one joint arrangement and IT risk could amplify operational shocks.
- Presentation changes under IFRS 18 could make performance harder to compare with earlier periods.
What to watch
- Trend in margins and inflation cost recovery2026
- Application of IFRS 18 and its effect on operating profit2027
- Use of the 100 million euro line of credit facility2027
- Resilience of IT systems at production facilitiesnext 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 2025 annual report 1, the parent company's financial statements are prepared in pounds sterling under FRS 101 and the Companies Act 2006. The group consolidates subsidiaries, while associates are accounted for under the equity method 1. The report also mentions a joint arrangement with Edible Oils Limited, treated as a joint operation 1.
In fiscal 2025 the group bought Princes France S.A.S, Newlat GmbH and Symington's Ltd, acquisitions made between entities under the same parent and accounted for under the predecessor method 1. No new goodwill is recognised; the difference between the price paid and the carrying amount of net assets is recognised directly in equity 1.
The report indicates that applying IFRS 18 from 1 January 2027 could change the structure of the financial performance statement and how operating profit is reported 1. Management is currently assessing the detailed implications of the new standard 1.
Segments
Joint operation with Edible Oils Limited
The group recognises its direct rights to the assets and its proportional share of obligations of EOL, as all of EOL's output is purchased by the group 1.
Acquisitions under common control
Princes France S.A.S, Newlat GmbH and Symington's Ltd were incorporated at their existing carrying amounts from the parent's consolidated accounts 1.
Market context
The 2025 annual report 1 does not, in the excerpts available, provide figures on market share or the size of the preserved fish market. Sector context would need to be supplied from other sources.
The group has a 100 million euro line of credit facility which management, together with existing liquid resources, considers the main source of financing for the going concern period to 31 December 2027 1.
Trends
- New accounting standardsmixed
IFRS 18 will replace IAS 1 from 2027 and could change the grouping of income and expenses as well as the presentation of interest in cash flows 1.
- Inflation and cost recoveryheadwind
Management modelled a downside scenario in which inflationary costs are not fully recovered through pricing, which could affect margins 1.
- Intragroup reorganisationmixed
Consolidating entities under common control simplifies the group structure, but moves assets at existing carrying values 1.
- Digitalisation and IT riskheadwind
The downside scenario includes severe IT outages that could halt production facilities, showing operational dependence on digital infrastructure 1.
Competitive position
The 2025 annual report 1 does not identify direct competitors in the excerpts provided. The competitor list would need to be completed from other verified sources.
The competitive position cannot be assessed in detail from the available text, but the asset diversification cited by management could reduce competitive pressure on any single segment 1.
- Competitors not named in the source
The analysed source does not list competitors; identifying them requires additional sources.
- Edible Oils Limited
Joint arrangement partner, not a competitor; supplies output that the group purchases in full.
- Other canned fish producers
General category, not named individually in the available excerpts.
- Regional food distributors
General category, not named individually in the available excerpts.
News & filings
In the press
- PSG - Barcelona 4-2. Show total pe Parc des Princes: Luis Enrique l-a învins pe Hansi Flick - Digi SportSurge — Google News · 20 Oct 2026 · RO
Annual reports (ESEF)
- Annual report 202512 May 2026
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Princes Group PLC · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.