-0.42%
8.09%
-15.51%
-8.41%
-20.67%
-56.70%
-13.50%

Company Description

Halfords Group plc, through its subsidiaries, provides motoring and cycling products and services in the United Kingdom and the Republic of Ireland.Its Retail segment is involved in the retail of automotive, cars, leisure, cycling products, scooters, and parts, as well as clothing and accessories through its stores.The company's Car Servicing segment provides car servicing and repair services from Autocentres and mobile vans.


As of June 23, 2021, it operated 404 Halfords stores, 3 Performance Cycling stores, 374 garages, and 143 mobile service vans, as well as 192 commercial vans.The company also sells its products to customers through halfords.com and tredz.co.uk for pick up at their local stores or direct home delivery, as well as provides garage-booking services online at halfords.com.Halfords Group plc was founded in 1892 and is based in Redditch, the United Kingdom.

Market Data

Last Price 141.6
Change Percentage -0.42%
Open 143
Previous Close 142.2
Market Cap ( Millions) 309
Volume 939783
Year High 212
Year Low 120.4
M A 50 135.25
M A 200 144.96

Financial Ratios

FCF Yield 38.78%
Dividend Yield 5.65%
ROE 2.61%
Debt / Equity 59.34%
Net Debt / EBIDTA 175.17%
Price To Book 0.56
Price Earnings Ratio 21.48
Price To FCF 2.58
Price To sales 0.18
EV / EBITDA 3.47

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Retail

Expected Growth : 1.8 %

What the company do ?

Retail from Halfords Group plc refers to the retail of automotive and cycling products through its stores and online platforms, offering a range of services and products to customers.

Why we expect these perspectives ?

Halfords Group plc's Retail segment growth of 1.8% is driven by increasing demand for cycling products, particularly electric bikes, and a strong online presence. Additionally, the company's focus on services such as MOTs, repairs, and fitting has contributed to growth. Furthermore, Halfords' efforts to enhance the in-store experience and invest in digital capabilities have also supported sales growth.

Segment nΒ°2 -> Car Servicing

Expected Growth : 2.2 %

What the company do ?

Car Servicing from Halfords Group plc offers a range of services, including MOTs, repairs, and maintenance, to keep vehicles in top condition.

Why we expect these perspectives ?

Halfords Group plc's 2.2% growth in Car Servicing is driven by increasing demand for MOTs and routine maintenance, fueled by an aging UK car parc and stricter emissions regulations. Additionally, the company's investment in digital platforms and expanded service offerings, such as tyre fitting and brake repairs, have enhanced customer convenience and loyalty.

Halfords Group Plc Products

Product Range What is it ?
Car Servicing Halfords offers a range of car servicing options, including MOTs, car repairs, and maintenance checks.
Car Parts and Accessories Halfords sells a wide range of car parts and accessories, including batteries, brakes, and suspension components.
Cycling Products Halfords offers a variety of cycling products, including bikes, accessories, and safety gear.
Sat Nav and In-Car Technology Halfords sells a range of sat nav systems, dash cams, and other in-car technology products.
Child and Baby Travel Halfords offers a range of child and baby travel products, including car seats, strollers, and travel accessories.
Leisure and Touring Halfords sells a range of leisure and touring products, including roof boxes, bike carriers, and camping gear.
Motoring Services Halfords offers a range of motoring services, including MOTs, car repairs, and maintenance checks.

Halfords Group plc's Porter Forces

Halfords Group plc faces moderate threat from substitutes, as customers have limited alternatives for its products and services. However, the rise of online retailers and DIY stores may pose a threat to its market share.

Halfords Group plc has a large customer base, which reduces the bargaining power of individual customers. Additionally, the company's strong brand presence and wide range of products reduce the likelihood of customers switching to competitors.

Halfords Group plc has a diverse supplier base, which reduces the bargaining power of individual suppliers. However, the company's dependence on a few large suppliers for certain products may give them some bargaining power.

The threat of new entrants is low for Halfords Group plc, as the company has a strong brand presence and a large market share. Additionally, the high capital requirements and regulatory barriers to entry make it difficult for new entrants to enter the market.

The intensity of rivalry is high in the automotive and cycling markets, with many established players competing for market share. Halfords Group plc faces intense competition from online retailers, DIY stores, and specialist cycling retailers.

Capital Structure

Value
Debt Weight 17.73%
Debt Cost 3.96%
Equity Weight 82.27%
Equity Cost 11.84%
WACC 10.45%
Leverage 21.55%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
IVS.MI IVS Group S.A., together with its subsidiaries, operates vending machines. It operates through five segments: Italy, France, Spain, Swiss, and Coin. It sells a range of products, including hot and …
FNAC.PA Fnac Darty SA engages in the retail of entertainment and leisure products, consumer electronics, and domestic appliances in France and Switzerland, Belgium and Luxembourg, and the Iberian Peninsula. The company …
MMGR-B.ST Momentum Group AB (publ) supplies industrial components, industrial services, and related services to the industrial sector. The company was founded in 1997 and is based in Stockholm, Sweden.
MOON.L Moonpig Group PLC, together with its subsidiaries, provides online greeting cards and gifts in the Netherlands and the United Kingdom. It sells its products under the Moonpig and Greetz brands …
FOI-B.ST Fenix Outdoor International AG, together with its subsidiaries, develops, manufactures, and sells outdoor products primarily in Switzerland, Sweden, other Nordic countries, Germany, Benelux, other European countries, the Americas, and internationally. …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
1.42$
Current Price
1.42$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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