Frasers Group PLC (FRAS:LN)

Consumer Discretionary/Apparel Retailers Price: 701.50 GBX Report Date: September 24, 2021 Business Description and Key Statistics

Frasers Group is engaged in the retailing of sports and leisure Current YTY % Chg clothing, footwear and equipment, lifestyle and apparel; retailing through department stores, shops and online; wholesale Revenue LFY (M) 3,957 6.9 distribution and sale of sports and leisure clothing, footwear and EPS Diluted LFY 0.18 -14.0 equipment and lifestyle; apparel under Co.-owned or licensed brands; and licensing of Co.'s Brands. Co. operates a portfolio of Market Value (M) 3,643 sports, fitness, fashion, lifestyle and department store fascias. Co. is structured across five business segments: UK Sports Retail, Shares Outstanding LFY (000) 519,342 Premium Lifestyle, European Retail, Rest of World Retail and Book Value Per Share 2.44 Wholesale & Licensing. EBITDA Margin % 13.00

Net Margin % 2.4 Website: www.frasers.group Long-Term Debt / Capital % 41.3 ICB Industry: Consumer Discretionary Dividends and Yield TTM 0.00 - 0.00% ICB Subsector: Apparel Retailers Payout Ratio TTM % 0.0 Address: Unit A, Brook Park East Shirebrook 60-Day Average Volume (000) 476 GBR 52-Week High & Low 701.50 - 334.20 Employees: 19,962 Price / 52-Week High & Low 1.00 - 2.10

Price, Moving Averages & Volume

720.6 720.6 Frasers Group PLC is currently trading at 701.50 which is 10.1% above its 50 668.0 668.0 day moving average price of 636.94 and 29.8% above its 615.4 615.4 200 day moving average price of 540.29.

562.8 562.8 FRAS:LN is currently trading at its 52-week high price of 701.50 and is 109.9% above 510.2 510.2 its 52-week low price of 334.20. Over the past 52- 457.6 457.6 weeks, FRAS:LN is up 109.9% while on a calendar year-to- date basis it is up 55.4%. 405.0 405.0 The Relative Strength Index (RSI) indicator for FRAS:LN is 352.3 352.3 currently 74.51. An RSI value of 70 and above is considered 299.7 299.7 overbought and 30 and below 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21 oversold. Volume (000) 4,005 4,005

3,004 3,004

2,003 2,003

1,001 1,001 Mean (386.33) 0 0 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21

Price Price (50-Day Simple Moving Average) Price (200-Day Simple Moving Average)

Consumer Discretionary/Apparel Retailers Price: 701.50 GBX Report Date: September 24, 2021 Price Performance, Technical Indicators & Risk Metrics

Difference Price Performance % Change vs FTSE 350 Technical Indicators 1-Day % 0.21 0.69 50-Day Average Price 636.94 1-Week % 6.85 6.59 Price / 50-Day Average 1.10 4-Week % 6.85 8.27 200-Day Average Price 540.29 52-Week % 109.90 85.55 Price / 200-Day Average 1.30 RSI - Relative Strength Index 74.51 Quarter-to-Date % 16.43 15.30

Year-to-Date % 55.41 45.19 Risk Metrics Last Month % 10.85 8.93 Price Volatility 13.57 Last Quarter % 30.75 26.08 Sharpe Ratio 0.17 Last Calendar Year % -1.57 11.42 Sortino Ratio 0.30

5-Year Price Performance vs. FTSE 350

Frasers Group PLC Current: 2.44 CAGR: 19.6% Over the past five years, FTSE 350 Index Current: 1.18 CAGR: 3.4% Frasers Group PLC's stock price is up 144.2% which is 2.5 2.5 125.8% above the FTSE 350 Index performance of 18.4% FRAS:LN over the same period. Frasers 2.4 2.4 Group PLC's cumulative annualized growth rate 2.2 2.2 (CAGR) over the five year period has been 19.6% while that of the FTSE 350 Index 2.0 2.0 has been 3.4%.

Over the past year, Frasers 1.9 1.9 Group PLC's stock price performance of 109.9% has 1.7 1.7 outperformed that of the FTSE 350 Index by 85.6%. On a year-to-date basis, Frasers 1.5 1.5 Group PLC's stock price performance of 55.4% has 1.4 1.4 outperformed the FTSE 350 Index by 45.2%.

1.2 ^NMX:LN 1.2 Over the past week, Frasers Group PLC's stock price performance of 6.9% has 1.0 1.0 outperformed that of the FTSE 350 Index by 6.6%. 0.9 0.9

0.7 0.7

0.6 0.6 2017 2018 2019 2020 2021 2022

Consumer Discretionary/Apparel Retailers Price: 701.50 GBX Report Date: September 24, 2021 Growth and Profitability Metrics

5-Year 10-Year Historical Growth 3-Year 5-Year 10-Year Profitability Current Average Average Revenues % 6.8 6.9 10.5 Gross Margin % 42.0 41.5 42.0 Revenues Per Share % 12.7 10.8 11.6 EBITDA Margin % 13.0 9.2 10.8 EBITDA % 31.3 6.8 16.9 Pre-Tax Margin % 4.0 5.5 7.9 EPS Diluted % -21.5 -13.9 2.3 Net Margin % 2.4 3.7 5.8 Free Cash Flow % 999.9 -14.6 -8.9 Return on Equity % 7.9 9.6 18.4 Cash from Operations % 24.8 9.7 8.6 Return on Capital % 4.5 7.1 14.8 Book Value % 3.4 4.6 19.7 Return on Assets % 2.9 4.9 9.2

Revenue (M) Frasers Group PLC's cumulative annualized revenue Current: 3957.40 Median: 3530.70 High: 3957.40 Low: 3245.30 CAGR: 6.8% growth rate over the charted 4,099.8 4,099.8 3,957.4 period is 6.8%. This compares to cumulatative annualized 3,803.1 3,701.9 3,803.1 growth of 6.8% over the past 3 years. 3,506.4 3,506.4 3,359.5 3,245.3 3,209.7 3,209.7 2016 2017 2018 2019 2020 2021 Frasers Group PLC's EPS Diluted cumulative annualized EPS Current: 0.18 Median: 0.20 High: 0.38 Low: 0.05 CAGR: -22.0% growth rate over the charted 0.45 0.45 period is -22.0%. This 0.38 compares to cumulatative 0.31 0.31 annualized growth of -21.5% 0.22 over the past 3 years. 0.18 0.17 0.17 0.05 0.03 0.03 2016 2017 2018 2019 2020 2021

Net Profit Margin % Frasers Group PLC's net profit margin of 2.4% is 1.3% below Current: 2.42 Median: 2.73 High: 8.34 Low: 0.80 CAGR: -29.8% the period's mean net margin 8.7 8.7 of 3.7%. During the charted period, the observed net profit 6.0 6.0 margin high and low were Mean (3.70) 8.3% and 0.8% respectively. 3.2 3.2

0.4 0.4 2016 2017 2018 2019 2020 2021 Frasers Group PLC's return on Return on Equity % equity of 7.9% is 1.7% below Current: 7.90 Median: 8.70 High: 18.80 Low: 2.10 CAGR: -21.9% the period's mean return on 19.6 19.6 equity of 9.6%. During the charted period, the observed 13.5 13.5 ROE high and low were 18.8% Mean (9.64) and 2.1% respectively. 7.4 7.4

1.3 1.3 2016 2017 2018 2019 2020 2021

Consumer Discretionary/Apparel Retailers Price: 701.50 GBX Report Date: September 24, 2021 Valuation Metrics

5-Year 10-Year 5-Year 10-Year Current Median Median Current Median Median

Price / EPS TTM 37.9 17.6 18.5 Earnings Yield % 5.44 6.27 5.62

Price / Sales 0.9 0.6 0.8 Free Cash Flow Yield % 1.47 2.68 2.13

Price / Operating Cash Flow 7.3 5.9 8.5 Dividend Yield % 0.00 0.00 0.00

Price / Book Value 2.9 1.5 2.1 Enterprise Value / EBITDA 7.8 6.6 7.7

Price / EPS TTM Frasers Group PLC is trading at 37.92 times its EPS Current: 37.92 Median: 17.61 High: 93.54 Low: 6.25 CAGR: 42.1% generated during the latest 97.9 97.9 fiscal year. This multiple is above the historically observed 65.9 65.9 median of 17.61, while high and low observations have been 93.54 and 6.25. 33.9 33.9 Median (17.61)

1.9 1.9 2016 2017 2018 2019 2020 2021 Price / Sales Frasers Group PLC is trading at a Price to Sales ratio of 0.92 Current: 0.92 Median: 0.58 High: 0.92 Low: 0.25 CAGR: 9.3% based on sales generated 0.95 0.95 during the latest fiscal year. This ratio is above the 0.71 0.71 historically observed median Median (0.58) ratio of 0.58, while high and low observations have been 0.46 0.46 0.92 and 0.25.

0.22 0.22 2016 2017 2018 2019 2020 2021 Frasers Group PLC is trading Price / Book Value at a Price to Book ratio of 2.87 Current: 2.87 Median: 1.48 High: 2.87 Low: 0.80 CAGR: 18.3% based on book value at the 3.0 3.0 latest fiscal year end. This ratio is above the historically observed median of 1.48, 2.2 2.2 while high and low observations have been 2.87 Median (1.48) 1.5 1.5 and 0.80.

0.7 0.7 2016 2017 2018 2019 2020 2021 Frasers Group PLC has a Free Free Cash Flow Yield % Cash Flow Yield of 1.47% Current: 1.47 Median: 2.68 High: 9.55 Low: 0.00 CAGR: 0.3% based on free cash flow 10.0 10.0 generated during the latest fiscal year. This value is below the historically observed 6.5 6.5 median yield of 2.68%, while high and low observations 3.0 Median (2.68) 3.0 have been 9.55 and 0.00.

-0.5 -0.5 2016 2017 2018 2019 2020 2021

Consumer Discretionary/Apparel Retailers Price: 701.50 GBX Report Date: September 24, 2021 ICB Subsector Peer Comparisons

Price Change Year to Date % Price Change Last Calendar Year % -74.0 8.5 91.0 173.5 256.1 -100.6 -45.2 10.3 65.7 121.2

Quiz PLC 241.1 Mysale Group Plc 111.1

French Connection Group PLC 161.4 ASOS Plc 41.8 15.1 Sosandar PLC 82.1 boohoo group plc JD Sports Fashion PLC 2.7 Peer Group Average 57.7 Frasers Group PLC -1.6 Frasers Group PLC 55.4 Peer Group Average -8.6 JD Sports Fashion PLC 28.0 Joules Group PLC -26.5 Joules Group PLC 26.6 Sosandar PLC -37.3 -19.1 Mysale Group Plc Quiz PLC -59.5 boohoo group plc -24.3 Shoe Zone Plc -60.1 ASOS Plc -31.7 French Connection Group PLC -72.2

-74.0 8.5 91.0 173.5 256.1 -100.6 -45.2 10.3 65.7 121.2

Price / EPS TTM Price / Book Value 0.0 25.9 51.8 77.7 103.6 0.0 2.3 4.5 6.8 9.0

Mysale Group Plc 99.9 JD Sports Fashion PLC 8.7 French Connection Group PLC 99.9 Sosandar PLC 7.4 Quiz PLC 99.9 boohoo group plc 6.9 Joules Group PLC 99.9 Mysale Group Plc 5.8 SRP Groupe SA 99.9 Joules Group PLC 5.5 Shoe Zone Plc 99.9 Peer Group Average 4.6 Sosandar PLC 99.9 ASOS Plc 4.0 Peer Group Average 77.0 Quiz PLC 3.0 JD Sports Fashion PLC 47.8 Frasers Group PLC 2.9 Frasers Group PLC 37.9 French Connection Group PLC 2.7 boohoo group plc 35.8 Shoe Zone Plc 2.6 ASOS Plc 25.9 SRP Groupe SA 0.9 0.0 25.9 51.8 77.7 103.6 0.0 2.3 4.5 6.8 9.0

EPS 5-Year Growth Rate % Revenue 5-Year Growth Rate % -123.8 -77.3 -30.8 15.7 62.3 -26.2 -4.9 16.3 37.6 58.9

Mysale Group Plc 53.8 boohoo group plc 55.0 boohoo group plc 45.8 JD Sports Fashion PLC 27.6 ASOS Plc 23.3 ASOS Plc 23.2 JD Sports Fashion PLC 18.1 Quiz PLC 14.0 Sosandar PLC -0.6 SRP Groupe SA 11.9 Frasers Group PLC -13.9 Peer Group Average 11.7 Peer Group Average -21.7 Joules Group PLC 10.4 French Connection Group PLC -43.1 Frasers Group PLC 6.9 Joules Group PLC -100.0 Shoe Zone Plc -6.0 Shoe Zone Plc -100.0 Mysale Group Plc -11.1 SRP Groupe SA -100.0 French Connection Group PLC -15.3

-123.8 -77.3 -30.8 15.7 62.3 -26.2 -4.9 16.3 37.6 58.9

Consumer Discretionary/Apparel Retailers Price: 701.50 GBX Report Date: September 24, 2021 Abbreviations: CAGR - Cumulative annual growth rate. EBIT - Earnings before interest and taxes. EBITDA - Earnings before interest, taxes, depreciation & amortization. LFY - Last fiscal year M - Million LON - London Stock Exchange

Definitions: Market Value - Weekly Price times latest Shares Outstanding times any applicable ADR factor. Revenue - Sum of the last four quarters of Revenues. Revenue Per Share - Sum of the last four quarters of Total Revenue divided by Weighted Average Shares Outstanding. Operating EPS LFY - EPS excluding non-recurring, non-operating items, fiscal year aligned TTM value. 60-Day Average Volume (000) - The average of the last 60 daily volume values in thousands of shares. Price 52-Week High - The high closing price from the last 52 weeks of daily closing prices. Price 52-Week Low - The low closing price from the last 52 weeks of daily closing prices. Price / 52-Week High - Latest price divided by the high price from the past 52 weeks of daily closing prices. Price / 52-Week Low - Latest price divided by the low price from the past 52 weeks of daily closing prices. 50-Day Average Price - Mean of last 50 daily closing prices. 200-Day Average Price - Mean of last 200 daily closing prices. Price / 50-Day Average Price - Latest closing price divided by mean of last 50 daily closing prices, as a percentage. Price / 200-Day Average Price - Latest closing price divided by mean of last 200 daily closing prices, as a percentage. Relative Strength Index - Relative Strength Index or RSI measures the magnitude of gains over a given time period against the magnitude of losses over that period. The equation is RSI = 100 - 100 / (1 + RS) where RS = (total gains / n) / (total losses / n) and n = number of RSI periods. In this item, 14 days is used and one year of daily prices are considered. A value of 30 or below may imply oversold and 70 or above may imply overbought. Price Volatility - The standard deviation of the last 20 days of daily closing prices. Sharpe Ratio - The 5 year average of the excess monthly return over the risk - free rate(1 - month T - bill) over the 5 year standard deviation of the same series. Sortino Ratio - The same calculation as the Sharpe Ratio but with positive excess returns set to zero for the standard deviation denominator, so only negative volatility weighs in. Dividends Per Share TTM - Sum of the last four quarters of Dividends Per Share. Payout Ratio - Dividends Per Share TTM divided by Operating EPS TTM. Dividend Yield TTM % - Sum of the last four quarter of Dividends Per Share divided by Weekly Price. EBITDA - Sum of the last four quarters of EBITDA (Operating Income + Depreciation & Amortization). Free Cash Flow - Sum of the last four quarters Net Cash from Operations minus Capital Expenditures (Purchase of Property, Plant & Equipment), from the Cash Flow Statement. Book Value Per Share - Total Common Equity last quarter divided by Shares Outstanding last quarter. Gross Margin % - Sum of the last four quarters Gross Profit divided by the sum of the last four quarters Revenues. EBITDA Margin % - Sum of the last four quarters EBITDA divided by the sum of the last four quarters Revenues. Pre-Tax Margin % - Sum of the last four quarters of Earnings Before Taxes divided by sum of the last four quarters Revenues. Net Profit Margin % - Sum of the last four quarters of Operating EPS divided by sum of the last four quarters Revenues Per Share. Return on Equity % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Book Value. Return on Capital % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Capital Per Share. Return on Assets % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Assets Per Share. Price / EPS TTM - Weekly Price divided by the sum of the last four quarters of Operating EPS (capped at 99.9). Price / Sales - Weekly Price divided by Revenues Per Share TTM. Price / Book Value - Weekly Price divided by Book Value Per Share last quarter. Book Value Per Share is Total Common Equity last quarter divided by Shares Outstanding last quarter (capped at 49.9). Free Cash Flow Yield % - Free Cash Flow Per Share TTM divided by Weekly Price. Enterprise Value - Market Value plus Total Debt last year plus Preferred Equity last year minus Cash & Cash Equivalents last year. Enterprise Value / Sales - Enterprise Value divided by the sum of the last four quarters of Revenue. Enterprise Value / EBITDA - Enterprise Value divided by EBITDA TTM. Enterprise Value / EBIT - Enterprise Value divided by trailing four quarters of Operating Income. Enterprise Value / Free Cash Flow- Enterprise Value divided by the sum of the last four quarters of Free Cash Flow. Russell 1000 Index - The largest 1,000 stocks by market cap, the index comprehensively covers the US large cap universe. EPS 5-Year Growth Rate % is capped at 999.9%. Revenue 5-Year Growth Rate % is capped at 999.9%.

Consumer Discretionary/Apparel Retailers Price: 701.50 GBX Report Date: September 24, 2021

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