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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Currys Plc | LSE:CURY | London | Ordinary Share | GB00B4Y7R145 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.20 | 0.17% | 118.00 | 3,242,162 | 16:35:23 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 118.70 | 119.10 | 119.20 | 116.90 | 118.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Radiotelephone Communication | 9.06B | 165M | 0.1456 | 8.17 | 1.34B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:47:04 | O | 2,395 | 118.009 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 08/7/2025 | 07:00 | UK RNS | Currys PLC Appointment of Joint Corporate Broker |
| 07/7/2025 | 12:19 | ALNC |  BROKER NOTES: RBC thinks Currys' valuation "fair" given macro risks |
| 07/7/2025 | 10:12 | UKMARKETNEWS | Currys Shares Slide After RBC Downgrade Amid Limited Valuation Upside |
| 03/7/2025 | 12:30 | ALNC | EXTRA: Currys regains its spark as restores dividend amid profit surge |
| 03/7/2025 | 10:16 | UKMARKETNEWS | European markets gain on trade optimism ahead of key U.S. jobs report |
| 03/7/2025 | 10:04 | UKMARKETNEWS | FTSE 100 Opens Higher as Pound Dips Below $1.37; Currys Leads Gains |
| 03/7/2025 | 09:09 | UKMARKETNEWS | Currys plc Delivers Strong Financial Results and Strategic Progress |
| 03/7/2025 | 08:54 | ALNC | Currys resumes dividend as increased revenue drives profit growth |
| 03/7/2025 | 07:00 | UK RNS | Currys PLC Strengthening performance drives profit & cashflow |
| 01/7/2025 | 13:18 | UK RNS | Currys PLC Directorate Change |
Currys (CURY) Share Charts1 Year Currys Chart |
|
1 Month Currys Chart |
Intraday Currys Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/7/2025 | 10:40 | CURRYS | 7,298 |
| 03/4/2025 | 09:57 | schofi2 - the fantastist that makes up stats to mislead others | 8 |
| 22/1/2025 | 11:54 | Currys | 6 |
| 19/7/2024 | 11:19 | Currys | 7 |
| 17/3/2024 | 19:45 | WARNING --- WARRENBUFFET73 is a just another FAILED SHARE RAMPER | 7 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2025-07-09 15:47:05 | 118.01 | 2,395 | 2,826.32 | O |
| 2025-07-09 15:36:34 | 118.00 | 3,096 | 3,653.28 | AT |
| 2025-07-09 15:35:23 | 118.00 | 2,261,108 | 2,668,107.44 | UT |
| 2025-07-09 15:29:54 | 119.00 | 612 | 728.28 | AT |
| 2025-07-09 15:29:54 | 119.00 | 1,800 | 2,142.00 | AT |
| Top Posts |
|---|
Posted at 09/7/2025 09:20 by Currys Daily Update Currys Plc is listed in the Radiotelephone Communication sector of the London Stock Exchange with ticker CURY. The last closing price for Currys was 117.80p.Currys currently has 1,133,494,651 shares in issue. The market capitalisation of Currys is £1,348,858,635. Currys has a price to earnings ratio (PE ratio) of 8.17. This morning CURY shares opened at 118.50p |
Posted at 07/7/2025 09:50 by tim 3 Quite a sharp markdown for what is a fairly tame "downgrade".Fairly negative house price data might not be helping Either way nothing serious to worry about imo they have done well recently so probably due a bit of a pullback |
Posted at 07/7/2025 09:34 by triktrak when the CURY share price was 116.10p. Take your pick...RBC Capital are downbeat this morning but last week Berenberg took the opposite view:Currys at its healthiest in a decade, says Berenberg Currys (CURY) has delivered everything Berenberg had hoped for and shareholders can now look forward to further returns. Analyst Adam Tomlinson retained his ‘buy’ recommendation and target price of 175p on the Citywire Elite Companies + rated electrical retailer, which made a big share price gain on Thursday before slipping 2.6% to trade at 124p on Friday afternoon. Full-year 2025 results delivered ‘everything we had hoped for’, said Tomlinson, with profit before tax up 37% to £162m, which was a 30% beat on consensus a year ago. Free cashflow rose significantly meaning the group now boasts ‘the healthiest balance sheet in over a decade’. ‘This has allowed dividends to be re-introduced, with management also committing to further surplus returns, sooner rather than later, through a share buyback,’ he said. ‘Trading since year-end (April) is in line with expectations, which means that, despite industry-wide cost pressures, management is comfortable with full-year 2026 consensus profit before tax of £167m – representing modest growth year-on-year – and ongoing healthy free cashflow generation.’ hxxps://citywire.com |
Posted at 07/7/2025 09:30 by triktrak when the CURY share price was 115.90p. RBC Capital Downgrades Currys Plc to Sector PerformRBC Capital analysts downgraded Currys (LON:CURY) Plc (LN) from Outperform to Sector Perform with a price target of GBP1.40. The analysts comment: "Currys has worked hard to improve its offer in both the UK and Nordics, and its stronger balance sheet and likely lower pension contributions should enable it to make higher cash returns going forward. But macro risk remains and we think its valuation is fairer now, hence we reduce our rating to Sector Perform, and remove our Speculative Risk qualifier." hxxps://uk.investing |
Posted at 30/6/2025 08:05 by triktrak when the CURY share price was 122.10p. An analyst from Berenberg maintained Currys (LON: CURY) at ’buy’ with a price target of £1.75. |
Posted at 11/6/2025 09:20 by jjanus This stock tends to stagnate at certain levels once it reaches them for the first time. The important thing is that it stays close to those levels and avoids declines. This demonstrates the accumulation and investor appetite.The 120p level is good and has historical implications, but it's too old to have a significant impact. The upcoming results are really important. The share price is performing as it should. Long-term, it's a gold mine. |
Posted at 13/5/2025 07:13 by netcurtains On paper it reads like Currys think their share price is too low and they are trying to drum up new shareholders: |
Posted at 07/4/2025 07:52 by netcurtains If CURRYS are sharp their buyers should be able to get some great deals fromSE Asian suppliers (of unsold US products due to tariffs) It will not help the share price but it will help future profits. 😀 |
Posted at 28/3/2025 09:06 by davebowler PAnmure Liberum-The outlook in the Nordic economies appears to be improving - prompting us to question whether Nordic EBIT margins could return to pre-pandemic levels sooner rather than later. If this were so, we see c. £40m upside to our outer year forecasts. In a more optimistic ‘Blue sky scenario’ the Group could feasibly generate as much as £180m of FCF by FY27E. The share prices for Komplett, Verkkokauppa have soared recently and with Currys having 40% of its revenues generated in these markets provides an additional path to stronger top-line momentum but also continued margin recovery. In the UK, we note that recent trading updates from larger ticket retailers (AO World, DFS, Wickes) as well as Next, point to improving momentum within UK retail. The valuation remains undemanding as ever and we think the case for upgrades is growing. Nordics awakening Sentiment in Northern European economies appears to be turning: The Swedish central bank has reduced rates by 0.25 percentage points to 2.25%, bringing the total rate cuts since May to 1.75%. Both the Norwegian and Swedish currencies have been appreciating YTD. Share prices for both Komplett and Verkkokauppa have surged by over 60% year-to-date (YTD). While Komplett has maintained a cautious outlook for FY25, there were signs of improvement at Q4 when the company reported its first positive revenue outcome in 2024, (+4.5% (cc)). Specifically, revenue in its Norway business grew by +17% (cc) while Sweden saw a +0.6% (cc) increase. Could Nordics margins return to pre-pandemic levels? To date, Currys' Nordic business has experienced a strong recovery in gross margins, surpassing pre-pandemic levels and reaching historic highs. This follows a decline of over 330 basis points from peak to trough between FY20 and FY23. The sharp recovery in gross margins points suggests that the downturn in Nordics profitability was indeed cyclical after all, as opposed to structural. On this basis, could not EBIT margins return back to pre-pandemic levels of 3.5% (FY20) versus c. 2.1% (FY25E) expected today? Our forecasts assume sales will grow at around c. 2% in FY26E and FY27E, with EBIT margins reaching 2.3% (see Figure 1). If, however, EBIT margins were to return to 3.5% by FY27E, this would imply £43m upside to our FY27E EBIT forecasts (see Figure 1 below). This scenario could occur if the margin on incremental Nordics sales between now and FY27E is 20%, with an additional 30bps of gross margin improvement on the existing sales base. However if we were to instead assume higher profits are generated in the Nordics - with margins returning to pre-pandemic levels - then using Blue sky assumptions, we believe it is possible that Currys could feasibly generate as much as £180m of FCF by FY27E based on : £43m of incremental profit upside from the Nordics business returning to pre-pandemic margins by FY27E £10m from a reversal of working capital outflow from id mobile growth £10m from lower capex at £85m p.a. instead of <£100m guidance £10m from lower adjusting items £5m from lower interest cost as rates fall and net cash grows. Figure 6: Blue sky FCF scenario with upside from Nordics Blue sky FCF (£m) Add: Reversal of working capital outflow from id mobile growth 10 Add: Capex of £85m p.a. instead of <£100m guidance 10 Add: lower adjusting items 10 Add: Lower interest cost as rates fall and net cash grows 5 Add: Nordics EBIT margin returns to pre pandemic level 43 Free cash flow before pension including adjusting items 220 - % Increase vs. our forecasts 55% Add: Pension contributions come down from £50m to £40m 10 Free cash flow after pension contributions 180 - % Increase vs. our forecasts 96% Source: PanmureLiberum estimates If we take our Blue sky FCF assumption of £180m by FY27E and apply a valuation of an 8% to 10% yield, Currys theoretically should warrant a valuation of between £1.8bn and £2.3bn. Data points from UK Retail are also becoming supportive YTD trading in the UK&I business has also been strong with LfLs up 4%. Yet we believe recent trading reported by peers has also been supportive that UK&I momentum may sustain. We note the following recent trading updates: AO World – Full year pre-close trading update (12 months to 31st March 2025): “B2C Retail revenues are expected to grow by approximately 12% (H1: +13%)” Wickes - Finals (52 weeks 28th December 2024): “Trading in the first 11 weeks of 2025 has been in line with expectations with ‘positive̵ |
Posted at 19/3/2025 13:37 by leedsu36 Right now could well be a good time to pick up a few shares in Currys (LON:CURY).In the last year they have risen 72% from 59.05p last March to 101.60p a month ago, since when they have dipped back last Thursday to 85p, they are now slightly higher again. Between now and 21st May, when the £997m-capitalised retail group plans to announce its Pre-Close Trading Update for its 53-weeks period for its 2024/2025 year, there could be a gentle moving ahead of the group’s shares, now 88p. The question is whether they will break above the last year’s High and move even more in the upward direction – I believe that they will. The Business Currys is a leading omnichannel retailer of technology products and services, operating online and through 715 In the UK & Ireland it trades as Currys and in the UK it operates its own mobile virtual network, iD Mobile. In the Nordics the group trades under the Elkjøp brand. The group’s operations include Europe’s largest technology repair facility, a sourcing office in Hong Kong and an extensive distribution network, centred on Newark in the UK and Jönköping in Sweden, enabling fast and efficient delivery to stores and homes. The company is the market leader in all its markets, serving all households and employing 24,0 Christmas Trading Update On 15th January the group declared a Trading Update for the 10 weeks to 4th January 2025, showing a strong peak trading with an improved profit outlook. CEO Alex Baldock stated that: “We’re pleased by our strong Peak trading. We grew in both markets, continuing the trend of Currys’ strengthening performance, and we believe this year’s profits will be ahead of market expectations. With our ever-stronger cash generation and much improved balance sheet, the Board now expects to pay a dividend at the year-end. This Peak, customers took advantage of our market-beating deals and best-ever availability. AI laptops, where we have 75% market share, and premium mobiles proved especially popular. In all markets, customers showed they preferred shopping both online and in-store, and our investments in both channels paid off. In the UK&I, we’ve continued to grow sales and keep margins stable, offsetting current cost headwinds. iD Mobile and B2B performed especially strongly, as did sales of the services and solutions that are so valuable to customers and to us. Nordics was back into growth, continuing its improving trajectory, outperforming competitors while improving margins and reducing costs. In a still-weak market, the evident strength of our Nordics business bodes well for the future. We start 2025 confident that our strategy is working and determined to keep building this ever-stronger Currys to the benefit of colleagues, customers, shareholders and society.” The Equity There are 1,133,494,651 shares in issue. The larger holders include RWC Asset Management (12.97%), Schroder Investment Management (8.31%), Cobas Asset Management (6.10%), Wishbone Management (4.99%), Artemis Investment Management (4.98%), Ruffer (4.62%), JO Hambro Investment Management (4.57%), Liontrust Portfolio Management (3.91%) and The Vanguard Group (3.82%). Analyst Opinions After taking into account the ‘in-year impact’ of the UK Government budget measures, which will be effective for the last five weeks of the Group’s financial year, the group guided that its adjusted pre-tax profits are expected to be £145-155m range. There are eight analysts following the group, five of whom call the shares a Buy, two a Hold and the other strangely being without an opinion. The consensus average is for a 119.5p Target Price, the Highest at 170p, the Lowest at 95p. Analysts Wayne Brown, Anubhav Malhotra and Ben Hunt, at Panmure Liberum, have a Buy rating out on the group’s shares, looking for 170p as their Target Price. Their estimates for the 2024/2025 year are for sales of £8.50bn (£8.48bn) with pre-tax profits increasing to £152.1m (£118.0m), lifting earnings to 10.1p (7.9p) and returning it to paying dividends of 1.3p (nil). For the April year end in 2026 they see £8.67bn sales, £157.4m profits, earnings of 10.5p and a 2.1p dividend per share. For 2027 they look for £8.90bn sales, £174.2m profits, earnings of 11.6p and a 2.3p dividend. Over at Berenberg its analyst Adam Tomlinson has the group listed as a Buy, with a Target Price of 125p. He currently considers that the group’s shares offer deep value, noting that its services revenue and its mobile network is worth more than the current entire group market capitalisation. In My View Following the disposal of its Greek operations and the subsequent straightening of its cash position, this group now looks to be a good form, with an interesting spread of business. Analysts suggest that the group’s shares are worth a lot more than the current share price of just 88p – with 120p/130p being a good trading range at which to aim for within the current year. |
Posted at 30/10/2024 10:18 by davebowler Panmure Liberum -As we head into peak, one should not forget that Currys offers huge potential upside. We do not need the macro to improve in order to hit our FY numbers but if trading continues as we saw in the first 17 weeks to 24 August, then the groups 20% drop through margin should drive upgrades. Near term share price catalysts: pension triennial review from Q1'25 could free up FCF, the reinstatement of a dividend (could offer 2-4% yield) and peak trading could be robust with tech replacement cycle + AI product rollout as attractions. In this brief 3-page note we detail how SOTP>current market cap; why we are so keen on this stock and where the sensitivity lies. BUY Liberum view on trading, outlook for H1 and momentum could lead to a beat to numbers The UK market has improved to a +5% LFL up from +2% exit-run rate from the prior year. The Nordics may be little softer but competitive dynamics are less. Group GM% performance appears robust and most encouragingly we are seeing strong tailwinds in computing, laptops, and mobile. The group has achieved +2% LFL for the first 17 weeks of FY25 vs. PanLib forecast of -1.2% for FY’25E. H1 results (12 December) should show incremental improvements vs LY so UK EBIT up YoY with Nordics EBIT flat delivering modest PBT growth in H1. Focus is always on H2 where the group is heavily H2 weighted. On revenues, PanLib forecast does look cautious as (1) the technology replacement cycle takes hold, (2) mobile subscriber base is already nearly at the group’s FY target, (3) we just at the start of the AI boom, (4) services adoption continues to rise and (5) all this before we even talk about the consumer and the macro. Further, GM% appear to be robust especially in the Nordics where normal market competition resumes and UK has made progress. If the interest rate burden eases and we see housing transactions recover + a softening in the savings rate; Currys looks incredibly well-placed to see significant earnings momentum. Value driver - The model has changed and with 20% drop through margins, one needs to focus on EBIT margins as a key valuation driver. We see the opportunity for EBIT margins to double from here and this could drive 100% upside in equity value even before we consider a re-rating. What the market misses - We do not need market recovery to hit our numbers, but we are seeing tantalising signs of improving sentiment. The competitive environment is more rational, and most are focussing on margins and profits. The tech replacement cycle is upon us (post COVID boom) and new AI infused products will drive incremental interest. For only a 5% revenue uplift, earnings could beat by 50% in FY25 & 78% in 2026. Quality of earnings has improved - The quality of the group’s revenues has massively improved with nearly £700m of revenues now being high margin service related. We know cost savings accounting for c.£270m have been made over the last three years, with 1/3 coming out of the fixed cost supply chain. This means incremental revenues convert at a 20% margin, making the earnings very sensitive. Never underestimate the market leader - A UK market share of 23.3% is under pinned by 63% online tech share and c.300 stores. Penetration in Nordics is higher at 28% share but only 35% tech online share. Key to growth is to drive share of wallet through leveraging the 12m active repair plans, >2.5m credit customers and c.1.8m iD mobile subscribers. Key point - For every 1% change in sales = around £10m PBT uplift. This means that the uplift to FCF is material. We forecast £52m of FCF in FY25E (after £50m of pension contribution). This contribution rises to £78m in Fy26E which then subdues the FCF to c.£20m-£30m p.a. for the next three years. However, the sensitivity of the model suggest that it does not take much to materially change this profile, and a current FCF yield of 3.5% for Dec-25E, could double off a 2% change in LFL sales. The sum of its parts is much greater than the whole – for now! What is NOT in the share price If we look at the constituent parts of the EV we have the following: 1. Elkjop could be worth £700m to £800m on depressed multiples and earnings - Elkjop achieved £116m of EBIT in FY20 - a clean-pre COVID period. Despite numerous revenue and margin drivers (which we detail in this note) if we assume this is achievable again then at a multiple of 6-7x puts a value of £700m to £800m on the Nordics business. 2. ID mobile could be worth c.£360m - Precedent MVNOs M&A reflects an EV / subscriber range of c.£200-£350. Taking the bottom of this range suggests a value for iD Mobile of around £360m. info @ fpcfinancial.co.uk 3. Net cash of £96m at the end of FY24 includes an IAS 19 pension deficit of £171m (IAS19) This leaves an equity value of c.£1.2bn against a current market cap of c.£1bn. Suggesting the UK Curry’s business has a negative equity value of c.£200m. For FY25 we forecast EBIT of £211m (£145m from Currys and £65m from Elkjop). What makes this valuation arbitrage even more compelling is the following: a. There could be no pension deficit by 2027 and this should free up £80m of FCF p.a. i) We can argue what multiple to place against this, whether its 4x up to 8x – the point is the value accretion from releasing this cash could add a further £320m to £640m of equity value. b. Some may not want to wait that long – which is fair and they probably might not have too. A triennial review is scheduled to start in March 2025 from which the annual payments of c.£80m may be reduced. Even if this reduced by 25% to 50% the equity upside could be anything from 10% to 25% higher. c. And then there is the prospect of continued upgrades having delivered 25% uplift in FY24: For every 1% change in sales = around £10m PBT uplift. This means that the uplift to FCF is material as FCF is suppressed due to elevated pension payments. With these ending in FY27 or even could be cut next year post the triennial revenue suggests this could release substantial equity value in the near term. In the meantime, a current FCF yield of 3.5% for Dec-25E, could double off a 2% change in LFL sales. |
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