Obermatt

Firstgroup

LSE:FGP · GB0003452173
Road & RailLarge

360

94
EV / EBIT89
Price / Owner Earnings31
Owner Earnings Yield74
Dividend Yield69
Price/Sales87
EV / Gross Profit100
Price/Book52
Return on Capital74
Cash Return on Capital76
Return on Equity98
EBIT Margin23
Gross Profitability100
Cash Conversion93
Accruals93
Owner Earnings Margin54
Sales growth4
Profit Growth45
Long-Term EPS Growth79
Owner Earnings Growth51
Reinvestment67
Price momentum18
Debt load25
Refinancing18
Debt Payback41
Liquidity40
Analyst ratings78
Opinion Changes50
Price Target Upside94
Market mood71
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Firstgroup clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUK
IndustryRoad & Rail
SizeLarge
TypePublic Company
ExchangeLSE
Founded1995
Employees959
ISINGB0003452173
Last UpdateApr 2, 2026
Themes
Freight ServiceFleet ManagementTransportation

Description

FirstGroup plc provides public transport services. Business Segments The company operates through various business segments, fundamentally geared towards enhancing public transportation services. The principal segments of the company are First Bus…

Analysis

Hidden champion

FirstGroup plc is what we call a hidden champion: a strong business that the market is not pricing as one.

The price is attractive. You pay 14.9× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly 2% yearly growth; analysts expect 8%. The price, in other words, assumes less than the experts do.

The trajectory is tepid and the balance sheet is adequate. The company scores 10/20 on our value-creation score: creating some value.

What to watch: The financial cushion is thinner than comfortable. Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
73
2023202420252026

All-time high

73

Jun 2026

All-time low

34

Mar 2026

Average rank

57

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
87
87
81
97
Price/Earnings
61
55
31
37
Price/Book
52
42
44
71
Dividend Yield
69
53
49
39
Value (overall)
86
59
52
40

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →