Begbies’ H126 results show real momentum, with the positive outlook enhanced by two recent acquisitions and an expanded leadership team. The group has confirmed it is on track for both FY26E consensus expectations and its near-term target of £200m revenues. Yet the stock has trailed off since its summer recovery and trades on less than 10x cal 2026 PER, c.30% below its long-run average valuation multiples and materially below our 150p Fair Value.
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