RENISHAW PLC |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,010 GBX | -0.25% |
|
+0.73% | +12.05% |
| May. 10 | UBS raises Trainline, cuts Kingspan | AN |
| May. 09 | NatWest target raised, other lenders backed | AN |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,099 | 2,929 | 3,585 | 2,597 | 2,838 | 2,923 | - | - |
| Enterprise Value (EV) 1 | 3,003 | 2,833 | 3,390 | 2,360 | 2,644 | 2,712 | 2,680 | 2,650 |
| P/E ratio | 33.6 x | 10,060 x | 32.2 x | 21.6 x | 24.4 x | 28.5 x | 23.7 x | 21.3 x |
| Yield | 1.41% | - | 1.34% | 2.03% | 1.95% | 1.86% | 2.08% | 2.32% |
| Capitalization / Revenue | 5.4 x | 5.74 x | 6.34 x | 3.87 x | 4.12 x | 4.28 x | 4.04 x | 3.81 x |
| EV / Revenue | 5.23 x | 5.55 x | 5.99 x | 3.52 x | 3.84 x | 3.97 x | 3.7 x | 3.45 x |
| EV / EBITDA | 22.6 x | 28.1 x | 21.5 x | 12 x | 16.5 x | 18 x | 14.8 x | 13.2 x |
| EV / FCF | 87.9 x | 57.9 x | 27.2 x | 28.7 x | 358 x | 51.3 x | 30.9 x | 28.5 x |
| FCF Yield | 1.14% | 1.73% | 3.67% | 3.49% | 0.28% | 1.95% | 3.24% | 3.51% |
| Price to Book | 5.31 x | 5.35 x | 5.09 x | 3.18 x | 3.16 x | 3.23 x | 3.06 x | 2.85 x |
| Nbr of stocks (in thousands) | 72,786 | 72,776 | 72,776 | 72,776 | 72,720 | 72,720 | - | - |
| Reference price 2 | 42.58 | 40.24 | 49.26 | 35.68 | 39.02 | 40.20 | 40.20 | 40.20 |
| Announcement Date | 8/1/19 | 8/13/20 | 10/21/21 | 9/15/22 | 9/19/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 574 | 510.2 | 565.6 | 671.1 | 688.6 | 682.3 | 724.2 | 767.2 |
| EBITDA 1 | 133 | 100.7 | 157.6 | 197.4 | 160.7 | 150.6 | 181.6 | 200.4 |
| EBIT 1 | 93.71 | 51.7 | 118.6 | 161.4 | 130.4 | 116.6 | 143.1 | 159.4 |
| Operating Margin | 16.33% | 10.13% | 20.96% | 24.05% | 18.94% | 17.08% | 19.76% | 20.77% |
| Earnings before Tax (EBT) 1 | 109.9 | 3.208 | 139.4 | 145.6 | 145.1 | 125.6 | 155.2 | 171.8 |
| Net income 1 | 92.23 | 0.288 | 111.5 | 120.4 | 116.1 | 102.4 | 123.1 | 137.2 |
| Net margin | 16.07% | 0.06% | 19.71% | 17.93% | 16.86% | 15.01% | 17% | 17.88% |
| EPS 2 | 1.267 | 0.004000 | 1.532 | 1.654 | 1.597 | 1.408 | 1.693 | 1.886 |
| Free Cash Flow 1 | 34.16 | 48.89 | 124.4 | 82.3 | 7.394 | 52.86 | 86.79 | 93.12 |
| FCF margin | 5.95% | 9.58% | 22% | 12.26% | 1.07% | 7.75% | 11.98% | 12.14% |
| FCF Conversion (EBITDA) | 25.69% | 48.55% | 78.96% | 41.69% | 4.6% | 35.1% | 47.78% | 46.47% |
| FCF Conversion (Net income) | 37.03% | 16,976.39% | 111.62% | 68.39% | 6.37% | 51.6% | 70.48% | 67.88% |
| Dividend per Share 2 | 0.6000 | - | 0.6600 | 0.7260 | 0.7620 | 0.7469 | 0.8370 | 0.9329 |
| Announcement Date | 8/1/19 | 8/13/20 | 10/21/21 | 9/15/22 | 9/19/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 259.4 | 250.8 | 255.1 | 310.4 | 325.2 | 345.9 | - | 349.5 |
| EBITDA | - | - | - | 97.48 | - | 98.36 | - | - |
| EBIT | 15.86 | - | - | 75.18 | 82.92 | 78.49 | - | - |
| Operating Margin | 6.12% | - | - | 24.22% | 25.5% | 22.69% | - | - |
| Earnings before Tax (EBT) | 9.933 | - | - | 75.49 | - | 64.1 | - | - |
| Net income | 7.395 | - | - | 59 | - | 51.82 | 64.07 | - |
| Net margin | 2.85% | - | - | 19.01% | - | 14.98% | - | - |
| EPS | 0.1020 | - | - | 0.8110 | - | 0.7120 | 0.8810 | - |
| Dividend per Share | 0.1400 | - | - | 0.5200 | - | 0.5660 | - | - |
| Announcement Date | 1/30/20 | 8/13/20 | 2/4/21 | 10/21/21 | 2/3/22 | 9/15/22 | 2/2/23 | - |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 96.4 | 95.7 | 195 | 237 | 193 | 212 | 244 | 273 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 34.2 | 48.9 | 124 | 82.3 | 7.39 | 52.9 | 86.8 | 93.1 |
| ROE (net income / shareholders' equity) | 16.3% | 6.56% | 15.3% | 17.8% | 13.2% | 11.3% | 12.8% | 13.3% |
| ROA (Net income/ Total Assets) | 12.2% | - | - | - | - | 9.53% | 11% | 11.3% |
| Assets 1 | 758.7 | - | - | - | - | 1,075 | 1,124 | 1,216 |
| Book Value Per Share 2 | 8.020 | 7.520 | 9.670 | 11.20 | 12.30 | 12.40 | 13.20 | 14.10 |
| Cash Flow per Share 2 | 1.460 | 1.440 | 1.860 | 1.670 | - | 1.500 | 2.000 | 2.160 |
| Capex 1 | 72.3 | 55.8 | 23.7 | 39.2 | 76.9 | 76.1 | 57.8 | 58.1 |
| Capex / Sales | 12.6% | 10.93% | 4.19% | 5.84% | 11.17% | 11.16% | 7.98% | 7.57% |
| Announcement Date | 8/1/19 | 8/13/20 | 10/21/21 | 9/15/22 | 9/19/23 | - | - | - |
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
HOLD
Number of Analysts
9
Last Close Price
40.2
GBP
Average target price
41.32
GBP
Spread / Average Target
+2.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.35% | 3.68B | |
| +5.06% | 33.85B | |
| +21.08% | 8.37B | |
| +25.81% | 5.71B | |
| +18.18% | 4.2B | |
| -6.58% | 4.03B | |
| +13.60% | 3.69B | |
| -10.29% | 2.7B | |
| -31.92% | 2.24B | |
| +16.29% | 2.36B |
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