Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
J D Wetherspoon plc is a British public limited company that owns and operates nearly 1,000 pubs across the United Kingdom, the Isle of Man, the Republic of Ireland, and from January 2026, Spain. Founded in 1979 by Sir Tim Martin and headquartered in Watford, England, the company generates almost all its revenue from these venues, supplemented by a small hotel business of 56 properties. Renowned for converting unconventional sites such as former cinemas, banks, churches, and theaters into welcoming pubs, J D Wetherspoon plc emphasizes local history through thematic furnishings, unique carpets, and displays of historical posters. It offers a standardized all-day menu featuring low-price food, drinks, breakfast, coffee, and healthier options with calorie information, targeting the mass market with unpretentious value. The firm operates sub-brand Lloyds No.1 bars, hosts ale and cider festivals, runs weekly discount clubs, and provides a mobile app for table ordering. As a FTSE 250 constituent in the consumer cyclical sector's restaurants industry, J D Wetherspoon plc holds significant influence in the UK hospitality market, focusing on public houses and bars.
£7.18
£0.00 (-0.07%)
EOD Jul 3, 2026
Operating margin is thin at 7.06%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 5.7%, steady but not accelerating. Free cash flow declined 78% despite revenue growth, conversion is weakening.
Free cash flow declined 78% versus the prior year, cash generation momentum has weakened. Net debt of £1.08B represents 17.3x FCF, leverage limits flexibility.
18.4x earnings, 13.9x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£2.04B
▲ +5.7% YoY
Net Income (TTM)
£49M
▼ -18.1% YoY
Op. Margin
7.06%
▲ +1.5pp YoY
ROIC
7.39%
▲ +3.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£62M
▼ -78.5% YoY
Op. Cash Flow (TTM)
£116M
▼ -66.8% YoY
Net Debt
£1.08B
Cash & Equiv.
£57M
3Y CAGR: +38.1%
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At a P/E of 18.4 and a price-to-free-cash-flow of 13.9, J D Wetherspoon (JDW.XLON) trades above a two-stage DCF intrinsic value of about £-0.00 per share, so at £7.18 the stock looks overvalued (100.1% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, J D Wetherspoon scores 63/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £-0.00 per share for JDW.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £-0.00. At today's £7.18, that puts the stock about 100.1% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
J D Wetherspoon scores 63 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 7.1% operating margin and a 7.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. JDW.XLON currently trades above its estimated intrinsic value and scores 63/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.