Rank Group

Overview
Price performance
Financials
Research
Thematics

Rank is a gaming-based leisure and entertainment company. Its Grosvenor and Mecca brands are market leaders in UK multi-channel gaming and it also has operations in Spain and Belgium.

Latest Insights

Consumer |
Update

28.02.23

Rank Group — Recovery potential and operational gearing

Consumer |
Update

06.04.18

Rank Group — Weakness in Grosvenor affects EBIT

Consumer |
Update

01.02.18

Rank Group — Operational efficiencies keep forecasts intact

Consumer |
Update

19.10.17

Rank Group — Mecca digital picking up growth

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Sector

Consumer

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	1.5	(15.1)	(43.7)
Relative	(5.3)	(15.4)	(44.5)
52 week high/low	128.6p/52.4p

Financials

Rank Group has faced numerous external challenges since 2020: the ravages of the COVID-19 pandemic and tighter regulatory requirements, in particular the negative effects of required affordability restrictions, have been followed by the recent cost of living crisis and higher inflation. These external challenges have masked the group’s underlying transformation, which is extending and improving the product offer, while making the organisation more efficient to drive future growth and innovations. With revenues at key assets well below pre COVID-19 levels, Rank Group has the potential to demonstrate rapid revenue and profit growth on a normalisation of demand and costs pressures, before the potential for easing regulation is considered. Based on consensus EV/sales, Rank Group’s valuation is at a significant discount to its own historical multiples.