Famous Brands Ltd FMBRY

Consumer DiscretionaryHotels & Entertainment ServicesSouth Africa

Last close 6.00 USD on Nov 2, 2026, −9.1% year to date

Quant rating

Quant rating D Rank 228 of 297 in Consumer Discretionary

Growth D 215 of 297
Valuation C 126 of 297
Quality D 252 of 297
Revisions C 199 of 297
Momentum C 177 of 297

Wall Street consensus Average target 3.43 USD −42.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 292M
Enterprise value: 350M
52-week range: 6.00 – 6.71
3-year range: 5.81 – 6.71
Dividend yield: 7.84%
Beta (5 years): –
Shares outstanding: 100M
Next earnings: May 17, 2027

About the company

Famous Brands Limited is a South Africa-based quick service and casual dining restaurant franchisor. The Company is engaged in a branded food services business operating franchised, master license and Company-owned restaurants. Its brand portfolio consists of Leading Brands (mainstream), and Signature Brands (niche). The Leading Brands portfolio is segmented into Quick Service and Casual Dining brands. Its Leading Quick Service brands are those that prioritize take-away and delivery offerings. Its portfolio offers a range of menu options including burgers, pizza, chicken, fish and desserts. Its Leading Casual Dining restaurants are those that offer patrons a full-service, sit-down experience. The menu consists of casual breakfasts, light meals and evening dining. Its Signature brands are joint venture partnerships that develop and incubate ideas to be nurtured into fully fledged brands. Its retail brands include WIMPY, STEERS, and MUGG & BEAN.

Growth and profitability fiscal year ends February 28

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	549	444	418	406	422	–
Revenue growth	23.7%	6.3%	3.0%	−3.8%	35.9%	12.1%
EPS (basic, normalized)	0.35	0.29	0.26	0.25	–	–
EPS growth	22.4%	12.5%	0.6%	–	–	–
Gross margin	42.1%	42.8%	42.2%	42.7%	45.0%	42.9%
Net margin	6.9%	6.6%	5.7%	7.0%	4.9%	6.2%
ROE	47.7%	51.5%	51.0%	72.5%	73.0%	59.1%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	549	+23.7%	0.6x	69.8	+13.1%	5.0x	0.35	+22.4%	17.1x
2027	552	+0.5%	0.6x	69.1	−1.0%	5.1x	0.37	+6.1%	16.1x
2028	599	+8.6%	0.6x	82.8	+19.9%	4.2x	0.41	+11.0%	14.5x
2029	584	−2.5%	0.6x	77.4	−6.5%	4.5x	0.48	+15.2%	12.6x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	552	−2.1%	−2.1%	+3.9%	0.37	−3.8%	−3.8%	+6.6%
2028	599	0.0%	0.0%	+5.6%	0.41	−6.3%	−6.3%	+2.5%
2029	584	−2.4%	−8.3%	−3.6%	0.48	−6.1%	−6.1%	+0.4%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Hotels & Entertainment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
FMBRY Famous Brands Ltd	292M	–	6.9%	3.85x	16.1x	14.5x	5.1x	4.2x
PBL Pollard Banknote Ltd	316M	1.47x	5.8%	1.13x	11.5x	7.9x	5.1x	4.4x
BPF_u Boston Pizza Royalties Income Fund	310M	2.77x	81.3%	1.47x	11.4x	10.3x	11.2x	10.9x
PLAY Dave & Buster's Entertainment, Inc.	296M	4.45x	−2.3%	3.37x	−4.9x	−10.5x	6.0x	5.5x
SEG Seaport Entertainment Group Inc	292M	–	−89.5%	0.72x	−12.7x	15.2x	−19.7x	7.6x
ENHA Enhanced Group Inc	290M	–	–	0.25x	−1.2x	−12.7x	−4.5x	−33.9x
Mean		2.90x	0.4%	1.80x	3.4x	4.1x	0.5x	−0.2x
Median		2.77x	5.8%	1.30x	5.1x	9.1x	5.1x	5.0x

Technical analysis

1M−10.6%
3M−9.1%
1Y−9.1%
3Y−9.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Famous Brands Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	549	444	418	406	422	310
Cost of revenue	318	254	242	233	232	177
Gross profit	231	190	176	173	190	133
Selling, general & administrative expenses	60.4	49.2	43.7	42.6	148	115
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−0.1	0.4	0.7	3.2	2.2	12.8
Other operating expenses	111	92.2	89.5	81.3	−1.3	−1.9
Operating income	60.0	48.3	42.3	45.9	40.4	6.7
Net interest income (expense)	−4.1	−4.8	−6.4	−3.8	−6.9	−11.3
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−0.6	−0.3	−0.3	−0.2	−0.1	0
Net income before taxes	55.3	43.2	35.6	41.9	33.5	−4.6
Provision for taxes	14.2	11.9	10.4	11.7	10.3	2.3
Minority interest	−3.3	−2.0	−1.4	−1.7	−2.5	−1.5
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	37.8	29.4	23.8	28.6	20.7	−8.5
Extraordinary items	–	–	–	–	0	−73.6
Net income	37.8	29.4	23.8	28.6	20.7	−82.1
EBIT, normalized	59.9	48.8	42.6	49.0	43.1	18.8
EBITDA, normalized	72.4	59.7	53.4	59.6	55.8	38.6
Basic EPS, normalized	0.35	0.29	0.26	0.25	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Famous Brands Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	23.8	23.7	18.4	16.9	21.7	23.3
Receivables	34.3	30.7	28.9	28.4	29.1	31.2
Total inventory	36.4	29.8	29.8	29.0	26.6	23.5
Prepaid expenses	2.1	2.6	2.1	2.2	0.9	1.3
Other current assets	1.6	2.4	3.9	7.6	8.6	6.7
Total current assets	98.3	89.2	83.2	84.0	86.9	86.0
Property, plant & equipment	63.6	51.6	48.1	49.3	41.7	44.2
Goodwill	27.7	24.1	24.0	–	31.3	33.7
Intangibles	24.9	22.0	21.3	46.3	25.4	27.1
Long-term investments	4.1	2.9	2.5	0.8	0.6	1.4
Note receivable	0.8	0.3	0.7	1.6	1.6	1.9
Other long-term assets	5.1	5.0	5.2	5.0	5.1	4.0
Total assets	224	195	185	187	193	198
Liabilities
Accounts payable	26.1	21.6	22.0	20.6	19.3	18.6
Payable/accrued	–	–	–	–	–	–
Accrued expenses	15.2	17.1	16.3	16.9	18.8	19.6
Short-term debt	0	0	0	4.3	0	0.1
Current portion of long-term debt	10.2	16.5	10.5	9.2	22.5	6.3
Other current liabilities	2.3	5.1	6.6	6.7	7.4	8.3
Total current liabilities	53.9	60.3	55.4	57.6	68.0	52.8
Long-term debt	72.8	60.6	68.8	71.4	72.5	114
Minority interest	8.6	6.3	6.6	7.2	7.8	8.0
Other liabilities	4.7	4.9	4.6	4.9	5.3	5.7
Total liabilities	140	132	135	141	154	180
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.1	0.1	0.1	0.1	0.1	0.1
Additional paid-in capital	10.3	8.8	8.5	8.9	10.6	10.8
Retained earnings (accumulated deficit)	74.6	50.3	36.2	32.8	24.9	2.5
Treasury stock	−3.4	–	–	–	–	–
Other equity	3.0	3.9	4.8	4.2	3.6	4.5
Total equity	84.6	63.0	49.6	46.0	39.1	17.9
Total liabilities & shareholders' equity	224	195	185	187	193	198

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Famous Brands Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	55.3	43.2	35.6	–	33.5	−88.2
Depreciation, depletion & amortization	12.5	10.9	10.8	–	12.8	19.8
Deferred taxes	–	–	–	–	–	–
Non-cash items	6.6	8.0	9.3	–	13.5	100
Changes in working capital	−48.9	−37.7	−37.9	17.6	−25.1	−12.9
Cash from operations	25.5	24.5	17.9	17.6	34.7	18.9
Investing activities
Capital expenditures	−14.4	−10.4	−9.6	−8.8	−9.1	−5.6
Other investing cash flows	0.9	1.5	0.1	−10.5	1.4	1.8
Cash from investing	−13.5	−9.0	−9.5	−19.3	−7.6	−3.8
Financing activities
Financing cash flow items	−1.6	−2.4	−1.5	0.3	−1.4	−4.1
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−14.1	−7.9	−1.0	−4.5	−26.8	−17.3
Cash from financing	−15.7	−10.3	−2.5	−4.2	−28.2	−21.4
Foreign exchange effects	−0.3	−0.5	0.4	0.5	−0.1	0
Net change in cash	−4.0	4.8	6.2	−5.5	−1.2	−6.3
Free cash flow	11.1	14.1	8.3	8.7	25.6	13.3

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.