The UK and Canada’s largest 10-pin bowling operator posted its fourth year of record revenue and EBITDA in the 12 months to 30 September.
| Price: 294p +5% | P/E: 12.7x |
| Market Cap: £480m | Yield: 4.2% |
BACK IN THE BLACK
Revenue was up 8.8% to £250.7 million while adjusted EBITDA was up 4.2% to £91.2 million, with Canada doing most of the work (LFLs up 3.2% vs UK up 1.1%).
The firm is particularly proud of the fact it finished the year with net cash of £15 million after returning £35 million to shareholders via dividends and a buyback.
After a strong 2024, BOWL shares have struggled this year as consumers contend with sticky inflation and higher taxes leaving them with less disposable income.
Saying that, bowling is still a relatively affordable treat with a group of four able to enjoy a game for £26 thanks to the group’s focus on providing value.
The shares don’t look expensive, although adjusted EPS was slightly down on 2024 and with a lack of guidance for 2026 analysts won’t be tripping over themselves to upgrade.
Read the press release here:https://www.hollywoodbowlgroup.com/investors/
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