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.
ZIGUP plc is a leading integrated mobility solutions provider, offering a comprehensive platform of services across the vehicle lifecycle to keep customers mobile. Founded in 1992 with roots tracing back to 1897, it originated from motor claims accident management, including vehicle replacement and repair, and evolved through the 2020 merger of Redde plc and Northgate plc, rebranding to ZIGUP in April 2024. The company delivers vehicle provision such as LCV rental in the UK, Ireland, and Spain; fleet support including maintenance, telematics, and EV charging; claims and accident management; bodyshop repairs; and vehicle disposal. Notable acquisitions like FridgeXpress for refrigerated vans, Blakedale for traffic management vehicles, and Charged EV bolster its specialized offerings. Operating over 180 locations with around 8,000 employees and a network supporting over 130,000 vehicles, ZIGUP serves motor insurers, fleet operators, leasing companies, government agencies, blue-chip firms, SMEs, and consumers. Its nationwide reach and expertise in transitioning to lower-carbon mobility, including EVs, position it as a key player in the ground freight and logistics sector, emphasizing customer satisfaction with a 4.6/5 rating.
£4.67
+£0.07 (+1.52%)
EOD Jul 3, 2026
Operating margin is thin at 9.12%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 1.1% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 98% versus the prior year, cash generation momentum has weakened. Net debt of £836M represents 372.0x FCF, leverage limits flexibility.
13.4x earnings, 465.4x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£1.81B
▼ -1.1% YoY
Net Income (TTM)
£80M
▼ -36.1% YoY
Op. Margin
9.12%
▼ -2.0pp YoY
ROIC
6.93%
▼ -2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£2M
▼ -97.6% YoY
Op. Cash Flow (TTM)
£186M
▼ -16.2% YoY
Net Debt
£836M
Cash & Equiv.
£34M
3Y CAGR: +13.4%
3Y CAGR: -68.8%
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At a P/E of 13.4 and a price-to-free-cash-flow of 465.4, ZIGUP (ZIG.XLON) trades above a two-stage DCF intrinsic value of about £-3.55 per share, so at £4.67 the stock looks overvalued (176.2% 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, ZIGUP scores 40/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.6%; see dividend safety for coverage and history. 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 £-3.55 per share for ZIG.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 £-2.67. At today's £4.67, that puts the stock about 176.2% 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.
ZIGUP scores 40 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 9.1% operating margin and a 6.9% 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.
Yes, ZIGUP pays a regular dividend of about £0.26 per share per year (typically in quarterly installments), a yield of roughly 5.6% at the current price. That is a payout ratio of about 73.9% of earnings, so the dividend is covered, with less cushion. ZIGUP has grown the dividend at roughly 24.1% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For ZIG.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. ZIG.XLON currently trades above its estimated intrinsic value and scores 40/100 on quality (mixed). It also yields about 5.6%. 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.