FirstGroup - BUY - Deep value
FirstGroup generate £147m of free cash flow in its last financial year, placing the shares on a free cash flow yield of wel over 10%. Cash flow is set to grow further this year and next as FirstGroup's US businesses grow profits and a number of high coupon bonds redeem. The shares are a deep value BUY.
FirstGroup is a transport operator in the U.K. and North America. Co. is organized into five operating divisions: First Student, which is a provider of student transportation in North America; First Transit, which is a private sector provider of public transit management and contracting in North America; Greyhound, which is an operator of scheduled intercity coach transportation services in the U.S. and Canada; First Bus, which is a bus operator in the U.K.; and First Rail, which is a U.K. rail operator.
Baden Hill has a team of 9 institutional salesmen and analysts operating under the Northland Capital Partners regulatory umbrella. The sales team cover the UK and European stock markets whilst the analysts cover support services, clean tech and equity income. The equity income product has a particular focus on cash flow and accounting quality. The team is also offers capital rasing services and have been involved in a number of succesful flotations and secondary capital raises.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.