Financials Stelrad Group PLC

Equities

Delayed London S.E. Other stock markets 05:23:58 2024-06-06 am EDT			5-day change	1st Jan Change
121.7 ^GBX	-0.66%		+2.26%	-6.75%

May. 22	EARNINGS AND TRADING: Adnams toasts increase in sales but loss widens	AN
May. 22	Stelrad Group PLC Declares Final Dividend for the Year Ended 31 December 2023	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	275.1	159.2	166.2	156	-	-
Enterprise Value (EV) ¹	324.2	236.6	235.4	222.5	211.5	196.3
P/E ratio	18.8 x	37 x	10.8 x	9.65 x	8.04 x	7.16 x
Yield	0.44%	6.11%	5.85%	6.21%	6.32%	6.42%
Capitalization / Revenue	1.01 x	0.51 x	0.54 x	0.51 x	0.49 x	0.46 x
EV / Revenue	1.19 x	0.76 x	0.76 x	0.73 x	0.66 x	0.58 x
EV / EBITDA	7.98 x	5.61 x	5.71 x	5.2 x	4.56 x	4 x
EV / FCF	25.3 x	14 x	8.72 x	14.9 x	9.48 x	8.11 x
FCF Yield	3.95%	7.15%	11.5%	6.7%	10.5%	12.3%
Price to Book	10.2 x	3.09 x	3.01 x	2.59 x	2.32 x	1.84 x
Nbr of stocks (in thousands)	127,353	127,353	127,353	127,353	-	-
Reference price ²	2.160	1.250	1.305	1.225	1.225	1.225
Announcement Date	3/14/22	3/13/23	3/8/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	196.6	272.3	312.1	308.2	306.7	319.3	336.8
EBITDA ¹	-	40.6	42.2	41.2	42.76	46.39	49.04
EBIT ¹	-	33.17	34	29.3	30.67	34.2	36.75
Operating Margin	-	12.18%	10.89%	9.51%	10%	10.71%	10.91%
Earnings before Tax (EBT) ¹	-	16.32	10.24	19.18	22.67	26.97	30.25
Net income ¹	8.699	14.66	4.309	15.42	16.03	19.3	21.8
Net margin	4.43%	5.38%	1.38%	5%	5.23%	6.04%	6.47%
EPS ²	-	0.1151	0.0338	0.1211	0.1270	0.1523	0.1710
Free Cash Flow ¹	-	12.81	16.92	26.99	14.9	22.3	24.2
FCF margin	-	4.7%	5.42%	8.76%	4.86%	6.98%	7.18%
FCF Conversion (EBITDA)	-	31.55%	40.11%	65.5%	34.85%	48.07%	49.35%
FCF Conversion (Net income)	-	87.37%	392.78%	174.97%	92.93%	115.54%	111.01%
Dividend per Share ²	-	0.009600	0.0764	0.0764	0.0761	0.0775	0.0787
Announcement Date	3/25/21	3/14/22	3/13/23	3/8/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	49.1	77.4	69.3	66.5	55.5	40.3
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	1.209 x	1.834 x	1.681 x	1.556 x	1.196 x	0.8218 x
Free Cash Flow ¹	-	12.8	16.9	27	14.9	22.3	24.2
ROE (net income / shareholders' equity)	-	80.7%	11%	28.9%	28.1%	30.2%	28.6%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	0.2100	0.4000	0.4300	0.4700	0.5300	0.6600
Cash Flow per Share ²	-	-	0.2100	0.2600	0.1600	0.2100	0.2200
Capex ¹	-	8.65	9.67	6.59	6.5	6.67	6.75
Capex / Sales	-	3.18%	3.1%	2.14%	2.12%	2.09%	2%
Announcement Date	3/25/21	3/14/22	3/13/23	3/8/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.225 GBP

Average target price

1.733 GBP

Spread / Average Target

+41.50%

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