Back to catalogue
SUP

Supreme PLC

Personal Care, Drug and Grocery Stores First-pass screen £188m
430/1000 Overall fit
AI beneficiary 35% 30
Operating leverage 25% 55
Valuation 25% 38
Downside protection 15% 60

First-pass take

Traditional FMCG distributor with zero AI exposure. Margin expansion and EBITDA outgrowth show some operating leverage, but growth is primarily M&A-driven. Valuation momentum deteriorating: analyst consensus forecasts 10% EBITDA decline in FY26. Strong downside protection (0.30x leverage) insufficient.

Flags

no-ai-strategym-and-aorganic-growth-weakvaluation-momentum-weakregulatory-riskthin-net-cash