No end in sight to the sh*tshow24 Apr 2026 11:36
Another significant downgrade and a very negative commentary to accompany it.
'"Future currently has a very low valuation on near-terms multiples, trading on a FY26E EV/EBITDA of 3.8x and PE of 3.3x. However, we do not see these multiples as a valuation support," said the Canadian bank, which has a 'hold' rating on the stock. The structural threat of AI, declining traffic, and limited visibility all raise questions like, whether there will be further potential downgrades and whether business would see sustainable future top line growth or not. Without growth recovery, we believe Future will remain at a structurally challenging valuation."