SMITHS GROUP PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,625 GBX | +1.37% |
|
+2.46% | -7.85% |
| Apr. 15 | Envista Holdings Names Paul Keel as CEO | MT |
| Apr. 11 | Dwindling US Fed cut hope unnerves markets | AN |
Valuation
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,502 | 5,369 | 6,166 | 5,599 | 5,924 | 5,604 | - | - |
| Enterprise Value (EV) 1 | 7,722 | 6,533 | 7,263 | 5,709 | 6,311 | 5,939 | 5,817 | 5,600 |
| P/E ratio | 29.1 x | 20.4 x | 21.8 x | 5.8 x | 26.1 x | 18 x | 16 x | 14.9 x |
| Yield | 2.8% | 2.58% | 2.42% | 2.57% | 2.45% | 2.71% | 2.86% | 3.01% |
| Capitalization / Revenue | 2.6 x | 2.11 x | 2.56 x | 2.18 x | 1.95 x | 1.77 x | 1.68 x | 1.61 x |
| EV / Revenue | 3.09 x | 2.56 x | 3.02 x | 2.22 x | 2.08 x | 1.88 x | 1.75 x | 1.6 x |
| EV / EBITDA | 11.6 x | 10.7 x | 15.9 x | 11.5 x | 10.8 x | 9.48 x | 8.56 x | 7.66 x |
| EV / FCF | 33.3 x | 20.4 x | 17.3 x | 29.4 x | 29.5 x | 18.4 x | 16.2 x | 13.7 x |
| FCF Yield | 3% | 4.9% | 5.78% | 3.4% | 3.39% | 5.44% | 6.18% | 7.31% |
| Price to Book | 2.75 x | 2.26 x | 2.57 x | 2.21 x | 2.51 x | 2.28 x | 2.15 x | 1.98 x |
| Nbr of stocks (in thousands) | 395,956 | 396,211 | 396,376 | 362,982 | 348,648 | 344,850 | - | - |
| Reference price 2 | 16.42 | 13.55 | 15.56 | 15.42 | 16.99 | 16.25 | 16.25 | 16.25 |
| Announcement Date | 9/20/19 | 9/24/20 | 9/28/21 | 9/23/22 | 9/26/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,498 | 2,548 | 2,406 | 2,566 | 3,037 | 3,158 | 3,332 | 3,490 |
| EBITDA 1 | 666 | 610 | 458 | 495 | 584 | 626.6 | 679.5 | 730.6 |
| EBIT 1 | 427 | 327 | 372 | 417 | 501 | 535.3 | 583.5 | 627.8 |
| Operating Margin | 17.09% | 12.83% | 15.46% | 16.25% | 16.5% | 16.95% | 17.51% | 17.99% |
| Earnings before Tax (EBT) 1 | 304 | 133 | 240 | 103 | 360 | 438.7 | 500.2 | 535.1 |
| Net income 1 | 225 | 265 | 284 | 1,033 | 231 | 282.1 | 337.9 | 379.8 |
| Net margin | 9.01% | 10.4% | 11.8% | 40.26% | 7.61% | 8.93% | 10.14% | 10.88% |
| EPS 2 | 0.5650 | 0.6640 | 0.7130 | 2.660 | 0.6510 | 0.9042 | 1.016 | 1.091 |
| Free Cash Flow 1 | 232 | 320 | 420 | 194 | 214 | 323.3 | 359.5 | 409.2 |
| FCF margin | 9.29% | 12.56% | 17.46% | 7.56% | 7.05% | 10.24% | 10.79% | 11.73% |
| FCF Conversion (EBITDA) | 34.83% | 52.46% | 91.7% | 39.19% | 36.64% | 51.59% | 52.91% | 56.01% |
| FCF Conversion (Net income) | 103.11% | 120.75% | 147.89% | 18.78% | 92.64% | 114.59% | 106.39% | 107.74% |
| Dividend per Share 2 | 0.4590 | 0.3500 | 0.3770 | 0.3960 | 0.4160 | 0.4408 | 0.4652 | 0.4886 |
| Announcement Date | 9/20/19 | 9/24/20 | 9/28/21 | 9/23/22 | 9/26/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: July | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,240 | 1,308 | 1,150 | 1,256 | 1,192 | 1,374 | 1,497 | 1,540 | 1,507 | 1,655 | 1,584 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 186 | 141 | 166 | 206 | 189 | 228 | 241 | 260 | 246 | 294.7 | 271.1 |
| Operating Margin | 15% | 10.78% | 14.43% | 16.4% | 15.86% | 16.59% | 16.1% | 16.88% | 16.32% | 17.8% | 17.11% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.2400 | 0.1170 | 0.2600 | 0.1230 | 0.2730 | 0.1290 | 0.2870 | - | 0.3010 | - |
| Announcement Date | 4/6/20 | 9/24/20 | 3/26/21 | 9/28/21 | 3/25/22 | 9/23/22 | 3/24/23 | 9/26/23 | 3/26/24 | - | - |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,220 | 1,164 | 1,097 | 110 | 387 | 335 | 213 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 4.1 |
| Leverage (Debt/EBITDA) | 1.832 x | 1.908 x | 2.395 x | 0.2222 x | 0.6627 x | 0.5342 x | 0.3137 x | - |
| Free Cash Flow 1 | 232 | 320 | 420 | 194 | 214 | 323 | 360 | 409 |
| ROE (net income / shareholders' equity) | 16.5% | 11.2% | 11.9% | 12.5% | 13.5% | 15% | 15.5% | 15.7% |
| ROA (Net income/ Total Assets) | 7.3% | 4.94% | 5.3% | 6.04% | 7.18% | 8.19% | 8.85% | 9.33% |
| Assets 1 | 3,082 | 5,365 | 5,356 | 17,098 | 3,216 | 3,444 | 3,819 | 4,072 |
| Book Value Per Share 2 | 5.960 | 5.990 | 6.060 | 6.980 | 6.760 | 7.130 | 7.570 | 8.200 |
| Cash Flow per Share 2 | 0.8700 | 1.080 | 1.340 | 0.7200 | 0.8300 | 1.170 | 1.340 | 1.520 |
| Capex 1 | 114 | 109 | 115 | 85 | 79 | 84.9 | 77.8 | 81.3 |
| Capex / Sales | 4.56% | 4.28% | 4.78% | 3.31% | 2.6% | 2.69% | 2.34% | 2.33% |
| Announcement Date | 9/20/19 | 9/24/20 | 9/28/21 | 9/23/22 | 9/26/23 | - | - | - |
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
BUY
Number of Analysts
13
Last Close Price
16.25
GBP
Average target price
19.93
GBP
Spread / Average Target
+22.67%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -7.85% | 6.98B | |
| +11.85% | 869B | |
| 0.00% | 239B | |
| +27.20% | 178B | |
| -7.75% | 126B | |
| -5.21% | 74.17B | |
| -16.00% | 50.82B | |
| -24.57% | 38.6B | |
| +19.71% | 31.74B | |
| +14.46% | 29.82B |
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- Financials Smiths Group plc
