# SSP Group plc (SSPG.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price 195p, market value 1.5 billionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). SSP Group plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 243.7×**. The shares trade at 243.7× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 2.8×**. Enterprise value is 2.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 55.8%** (5-yr avg 0.2%). Free cash flow equals 55.8% of the market value, above its five-year average of 0.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 31.4%**. SSP Group plc keeps 31.4% of revenue after the direct cost of what it sells.
- **Operating margin: 7.2%**. 7.2% of revenue is left after running the business.
- **Net margin: -2.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -90.6%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 15.2%**. Return on all capital, debt included, is 15.2%: comfortably above what that capital costs.
- **Return on assets: -1.5%**. Each dollar of assets produces -1.5% of profit.

## Growth
- **Revenue growth (1 yr): 6.0%** (3-yr 18.5%/yr, 5-yr 20.5%/yr). Revenue grew 6.0% over the last year, against 20.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -372.4%**. Earnings per share fell 372.4%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 27.2%/yr**. Free cash flow has compounded at 27.2% a year over three years.

## Financial health
- **Debt to equity: 26.30**. Debt is 26.30 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 1.6×**. It would take 1.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 2.2×**. Operating profit covers interest 2.2×, thin but manageable.
- **Current ratio: 0.44** (quick 0.40). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.37**. A Z-score of 1.37 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.25%** (0p per share, trailing). SSP Group plc yields 2.25%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): -5.7%/yr** (1-yr 0.0%). The dividend has not grown over five years.
- **Shareholder yield: -22.4%**. Dividends plus net buybacks return -22.4% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (15 analysts). 15 analysts cover SSP Group plc; the consensus is buy, with an average price target of 234p (+20% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 26.2%** (YTD -6.6%, 3-mo 15.6%). The shares are up 26.2% over twelve months including dividends.
- **From 52-week high: -11.1%** (42.0% above the low). Trading 11% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): 1.29** (volatility 35%). Beta of 1.29 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SSPG.L · Page: https://foliofundamentals.com/stocks/sspg.l

Not investment advice.