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Premier Foods plc (PFD) Fair Value & Analysis

Consumer Defensive · GB · Market cap 1.7B GBX

PF Premier Foods plc PFD · LSE
Price£1.96
Fair Value£2.58
Upside+31.5%
Quality67/100
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Mixed Growth
Solidly profitable · 11.6% net margin
Low debt · generates free cash flow
1.72% dividend yield
Ranks above peers (9/14)
Moderate moat 54/100
Evidence: High Range £1.90 – £3.29 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated today

Fair value updated Aug 13, 2026, revised from £2.70 to £2.58 (−4.4%) since Jul 15, 2026. Share price −1.4% over the past month.

A solid business, screening 32% undervalued on our models.

What matters now

  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from £1.90 (bear) to £3.29 (bull), base £2.58. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 67/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

£2.08 £0.8807 Fair Value £2.58 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range £0.8807 – £2.08 · fair‑value band £1.90 – £3.29 · the £1.96 price screens below the £2.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Premier Foods plc (PFD) currently trades at £1.96, while our model-based Fair Value estimate is £2.58, implying the stock looks roughly 31.5% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Premier Foods plc generated revenue of £1.2B at a net margin of 11.6%. Revenue grew 3.9% year over year. It earns a return on equity of 9.6%. Net debt stands at £97.1M. Fundamentals as of Aug 13, 2026

Our scenario range runs from £1.90 (bear case) to £3.29 (bull case); at £1.96, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at 32%, PFD screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF £1.63 £1.98 £2.51 80
Residual Income £1.34 £1.44 £1.67 76
Rev-Margin DCF £1.60 £2.20 £2.93 74
All 24 models by family
DCF Models
FCF DCF £1.60 £1.97 £2.57 38
Owner Earnings £1.58 £1.94 £2.54 31
5Y Revenue Exit £1.60 £2.18 £2.98 39
5Y EBITDA Exit £2.27 £3.32 £4.66 41
5Y P/E Exit £2.08 £2.99 £4.04 38
10Y Revenue Exit £1.56 £2.03 £2.57 36
10Y EBITDA Exit £1.97 £2.72 £3.59 37
10Y P/E Exit £1.86 £2.52 £3.21 35
Earnings-Based
Graham-Dodd £1.08 £1.92 £2.36 54
EPV £1.79 £1.99 £2.16 59
Dividend Discount
Gordon GGM £0.2200 £0.2700 £0.3200 70
DDM Multi-Stage £0.2200 £0.2800 £0.3500 61
Multiples
P/E Multiple £2.50 £3.33 £4.16 63
P/S Multiple £1.64 £2.18 £2.73 58
P/B Multiple £2.02 £2.70 £3.37 55
EV/EBIT £3.35 £4.37 £5.40 53
EV/EBITDA £3.17 £4.13 £5.09 54
EV/Revenue £1.71 £2.33 £2.94 43
Asset-Based
NCAV (Graham) £0.8200 £1.10 £1.64 50
Growth DCF
Growth DCF £1.63 £1.98 £2.51 80
Rev-Margin DCF £1.60 £2.20 £2.93 74
Economic Profit
Residual Income £1.34 £1.44 £1.67 76
ROIC Compounder £1.80 £2.03 £2.26 72
Growth Earnings
Growth-Adj P/E £1.76 £2.52 £3.27 68

Widest divergence: Multiples (£2.70) versus Dividend Discount (£0.2700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.2B GBX
Revenue growth (YoY) +3.9%
Net margin 11.6%
Return on equity 9.6%
Free cash flow 134M GBX FY2026
P/E ratio 13.1
More key figures
Operating margin 19.0%
EPS (TTM) £0.1500
Dividend yield 1.7%
EPS growth (YoY) +6.3%
Net debt 97.1M GBX FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 64 · Market factors (momentum, volatility) 60

Profitability 42
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Premier Foods plc, together with its subsidiaries, manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally. It operates through Grocery and Sweet Treats segments.

Full company description

Premier Foods plc, together with its subsidiaries, manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally. It operates through Grocery and Sweet Treats segments. The company's products portfolio categories include flavourings and seasonings under the Bisto, OXO, Paxo, SAXA, and Merchant Goumet brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Homepride, and Spice Tailor brand names; quick and easy meals under the Batchelors, Nissin, FUEL10K, Merchant Goumet, and Sharwood's brands; ambient desserts under the Ambrosia, Bird's, Mr Kipling, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands. It also provides dumplings under the Atora brand name; plain flour under the Be-Ro brand; cup noodles under NISSIN brand; breakfast, such as granola, breakfast drinks, and porridge under FUEL10K and Ambrosia brands; and flour for baking under the McDougalls brand name. The company offers its products through supermarkets, discounters, convenience stores, and wholesale and food service operators, as well as e-commerce channels. Premier Foods plc was founded in 1975 and is headquartered in Saint Albans, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Premier Foods plc reported revenue of £1.2B in FY2026 versus £901M in FY2022, a compound +6.9%/yr. Reported net income was £137M in FY2026, compounding +15.2%/yr from FY2022.

Growth Quality 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
£1.2B
Latest YoY
+2.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.4%
Avg. growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.4%
Revenue +6.9%/yr
FY22 £901M
FY23 £1.0B
FY24 £1.1B
FY25 £1.1B
FY26 £1.2B
Net income +15.2%/yr
FY22 £77.5M
FY23 £91.6M
FY24 £113M
FY25 £125M
FY26 £137M

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Cite: Fair Value Calculator (2026). "Premier Foods plc Fair Value". https://www.fairvalue-calculator.com/stock/PFD

Peer Group

Packaged Foods · 652 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 67 · Top 25%
Fair Value upside +34% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 6% · Above median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 4% · Above median
Dividend yield (TTM) 1.7% · Below median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 13.1× · Cheaper than median
P/B 1.63× · Pricier than median
P/S (TTM) 1.95× · Pricier than 75% of peers
P/FCF 17.1× · Pricier than 75% of peers
EV/EBITDA 8.5× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 78 · sector 25
FUTURE 20 · sector 19
PAST 38 · sector 28
HEALTH 100 · sector 96
DIVIDEND 34 · sector 47

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,507 ₹362.37 -76%
Britannia Industries Limited BRITANNIA ₹5,646 ₹1,870 -67%
Tata Consumer Products Limited TATACONSUM ₹1,062 ₹327.27 -69%
PT Indofood CBP Sukses Makmur Tbk ICBP 7,550 IDR 12,864 IDR +70%
Samyang Foods Co 003230 1,219,000 KRW 1,010,543 KRW -17%
Vietnam Dairy Products Joint Stock Company VNM 61,600 VND 52,858 VND -14%
Patanjali Foods Limited PATANJALI ₹352.60 ₹144.77 -59%
PT Mayora Indah Tbk, MYOR 1,665 IDR 2,699 IDR +62%
PT Cisarua Mountain Dairy Tbk CMRY 4,630 IDR 4,350 IDR -6%
Nongshim Co 004370 389,500 KRW 530,619 KRW +36%

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Frequently asked questions

Is Premier Foods plc (PFD) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of £2.58 versus a price of £1.96, about +32% (undervalued).
What is the fair value of PFD?
Our model-based fair value for Premier Foods plc is £2.58 (as of Aug 13, 2026), built from audited fundamentals. The current price is £1.96.
What is the quality score of PFD?
Premier Foods plc has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Premier Foods plc (PFD)?
Premier Foods plc reported trailing-twelve-month revenue of about £1.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of PFD?
The net profit margin of Premier Foods plc is about 11.6%, meaning it keeps roughly 11.6% of revenue as net income. Based on the latest reported figures.
Does Premier Foods plc pay a dividend?
Premier Foods plc currently shows a dividend yield of about 1.72% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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