HILL & SMITH PLC |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,932 GBX | -1.33% |
|
+2.78% | +1.17% |
| Mar. 25 | SocGen raises Sage; Numis cuts Virgin Money | AN |
| Mar. 12 | Correction: Hill & Smith Closes Purchases of Stainless Steel Manufacturer FM Stainless | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,167 | 1,120 | 1,431 | 936.5 | 1,528 | 1,572 | - | - |
| Enterprise Value (EV) 1 | 1,382 | 1,267 | 1,576 | 1,056 | 1,528 | 1,654 | 1,614 | 1,561 |
| P/E ratio | 24.2 x | 47 x | 42.3 x | 16.5 x | 22.4 x | 19.1 x | 17.6 x | 16.4 x |
| Yield | 0.72% | 1.89% | 1.73% | 2.99% | - | 2.32% | 2.49% | 2.65% |
| Capitalization / Revenue | 1.68 x | 1.7 x | 2.03 x | 1.28 x | 1.84 x | 1.8 x | 1.72 x | 1.63 x |
| EV / Revenue | 1.99 x | 1.92 x | 2.23 x | 1.44 x | 1.84 x | 1.89 x | 1.76 x | 1.62 x |
| EV / EBITDA | 11.8 x | 13.8 x | 14.7 x | 7.89 x | 10 x | 10.1 x | 9.38 x | 8.6 x |
| EV / FCF | 41.9 x | 15.4 x | 30.5 x | 34.7 x | - | 22.9 x | 20.5 x | 17 x |
| FCF Yield | 2.39% | 6.51% | 3.27% | 2.88% | - | 4.37% | 4.89% | 5.87% |
| Price to Book | 3.82 x | 3.52 x | 4.21 x | 2.39 x | - | 3.38 x | 3.07 x | 2.78 x |
| Nbr of stocks (in thousands) | 79,221 | 79,455 | 79,675 | 79,906 | 80,059 | 80,277 | - | - |
| Reference price 2 | 14.73 | 14.10 | 17.96 | 11.72 | 19.08 | 19.58 | 19.58 | 19.58 |
| Announcement Date | 3/4/20 | 3/10/21 | 3/10/22 | 3/8/23 | 3/12/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 694.7 | 660.5 | 705 | 732.1 | 829.8 | 875.5 | 915.7 | 963.2 |
| EBITDA 1 | 117.6 | 91.8 | 106.9 | 133.9 | 152.7 | 163.1 | 172.1 | 181.5 |
| EBIT 1 | 86.3 | 69.9 | 86 | 103.9 | 122.5 | 131.2 | 139.7 | 150.6 |
| Operating Margin | 12.42% | 10.58% | 12.2% | 14.19% | 14.76% | 14.98% | 15.25% | 15.64% |
| Earnings before Tax (EBT) 1 | 61.8 | 35.5 | 50.9 | 69.3 | 93.2 | 111.7 | 122.3 | 131.6 |
| Net income 1 | 48.4 | 24 | 34.2 | 56.7 | 68.8 | 81.8 | 89.54 | 95.94 |
| Net margin | 6.97% | 3.63% | 4.85% | 7.74% | 8.29% | 9.34% | 9.78% | 9.96% |
| EPS 2 | 0.6080 | 0.3000 | 0.4250 | 0.7100 | 0.8500 | 1.026 | 1.114 | 1.190 |
| Free Cash Flow 1 | 33 | 82.5 | 51.6 | 30.4 | - | 72.22 | 78.92 | 91.65 |
| FCF margin | 4.75% | 12.49% | 7.32% | 4.15% | - | 8.25% | 8.62% | 9.52% |
| FCF Conversion (EBITDA) | 28.06% | 89.87% | 48.27% | 22.7% | - | 44.27% | 45.86% | 50.49% |
| FCF Conversion (Net income) | 68.18% | 343.75% | 150.88% | 53.62% | - | 88.29% | 88.14% | 95.53% |
| Dividend per Share 2 | 0.1060 | 0.2670 | 0.3100 | 0.3500 | - | 0.4546 | 0.4885 | 0.5183 |
| Announcement Date | 3/4/20 | 3/10/21 | 3/10/22 | 3/8/23 | 3/12/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 S2 | 2022 S1 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|
| Net sales | - | 354.2 | 350.8 | 349.9 | 420.8 | - |
| EBITDA | - | 58.9 | 48 | - | - | - |
| EBIT 1 | - | 42.5 | 43.5 | 43.6 | 62.5 | 60 |
| Operating Margin | - | 12% | 12.4% | 12.46% | 14.85% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income | 15.7 | - | - | 26.2 | - | - |
| Net margin | - | - | - | 7.49% | - | - |
| EPS | 0.1960 | - | - | 0.2910 | - | - |
| Dividend per Share | - | 0.1200 | 0.1900 | - | 0.1500 | - |
| Announcement Date | 8/5/20 | 8/11/21 | 3/10/22 | 8/3/22 | 8/9/23 | 3/12/24 |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 215 | 146 | 145 | 120 | - | 81.7 | 42.2 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 11.3 |
| Leverage (Debt/EBITDA) | 1.831 x | 1.593 x | 1.354 x | 0.894 x | - | 0.5009 x | 0.2453 x | - |
| Free Cash Flow 1 | 33 | 82.5 | 51.6 | 30.4 | - | 72.2 | 78.9 | 91.7 |
| ROE (net income / shareholders' equity) | 21.3% | 16% | 18.8% | 20% | - | 19.5% | 19.1% | 17.7% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | 10.9% | 11.4% | 12.1% |
| Assets 1 | - | - | - | - | - | 752.3 | 787.5 | 793.3 |
| Book Value Per Share 2 | 3.860 | 4.010 | 4.270 | 4.910 | - | 5.800 | 6.370 | 7.040 |
| Cash Flow per Share 2 | 0.7700 | 1.150 | 0.8200 | 0.6200 | - | 1.380 | 1.490 | 1.570 |
| Capex 1 | 47.9 | 17.3 | 32.2 | 31.1 | - | 33.9 | 35.8 | 35.5 |
| Capex / Sales | 6.9% | 2.62% | 4.57% | 4.25% | - | 3.87% | 3.91% | 3.69% |
| Announcement Date | 3/4/20 | 3/10/21 | 3/10/22 | 3/8/23 | 3/12/24 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
19.58
GBP
Average target price
21.81
GBP
Spread / Average Target
+11.41%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +1.50% | 1.97B | |
| +0.25% | 41.83B | |
| -19.72% | 22.22B | |
| +14.46% | 21.24B | |
| -6.72% | 21.07B | |
| +2.41% | 19.56B | |
| +5.58% | 9.44B | |
| -21.85% | 8.55B | |
| -15.18% | 8.24B | |
| +27.01% | 7.76B |
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