Pebble Group

LSE: PEBB

Market Cap£145m

Last Close 86.5p

The Pebble Group provides digital commerce, products and related services to the global promotional products industry through two focused, complementary and differentiated businesses: Brand Addition and Facilisgroup.

More Pebble Group content >

Investment summary

The Pebble Group operates within the large, global promotional products market, estimated by management at $50bn, under a highly experienced team. The group combines two operations: a fast-growing, high-margin SaaS business supplying independent distributors of promotional goods; and a dependable and expanding international business supporting brand engagement programmes for major global brands. The group has a strong balance sheet, with end FY21 net cash (excluding leases) of £12.1m, set to be exceeded in the current year. The share price does not, in our opinion, reflect the group’s positioning or opportunities.

Y/E Dec
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (fd) (p)
P/E (x)
P/CF (x)
2020A 82.4 9.8 5.5 2.71 32.1 15.8
2021A 115.1 15.4 10.0 4.69 18.6 9.4
2022E 133.0 17.6 11.9 5.57 15.6 8.3
2023E 142.5 19.3 13.5 6.04 14.4 7.5
Content on Pebble Group
The Pebble Group – executive interview
TMT | Edison TV | 7 November 2022
The Pebble Group – Both businesses performing well
TMT | research QuickView | 6 September 2022
Close up ux developer and ui designer use augmented reality app brainstorming about mobile interface wireframe design on desk at modern office.Creative digital development agency
View more
Register to receive research on Pebble Group as it is published
Share price graph
Balance sheet
Forecast net cash (£m) 6.6
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual 0.6 (13.9) (43.0)
Relative* (6.8) (11.1) (40.9)
52-week high/low 152.5p/78.0p
*% relative to local index
Key management
Christopher Lee CEO
Claire Thomson CFO