Update shared on22 Oct 2025
Fair value Increased 0.66%Analysts have slightly increased their price target for Speedy Hire from £0.54 to £0.55, citing improved expectations for revenue growth and profit margins, as well as a minor adjustment to the discount rate and future earnings outlook.
What's in the News
- Speedy Hire has entered a new five-year commercial supply agreement with ProService, making Speedy Asset Services the principal equipment supplier for the ProService marketplace, with an option to extend for three more years (Key Developments).
- The agreement will allow Speedy Hire to supply a defined range of products and offer a right of first refusal on customer orders through the ProService platform. This is expected to significantly enhance net margins and earnings by March 2027 (Key Developments).
- Approximately 100 employees will transfer from Speedy Hire to ProService due to changes in management of re-hire, resale, and training activities routed through the ProService platform. A further 300 employees are expected to move from HSS The Hire Service Company to Speedy (Key Developments).
- Speedy Hire will pay HSS around £35 million for an approximate 9.99% stake in the newly renamed ProService Building Services Marketplace PLC, subject to shareholder approval (Key Developments).
- Speedy Hire reported that hire revenue is slightly behind the same period last year but expects a stronger second half due to seasonal trading and growth in trade and retail customers (Key Developments).
Valuation Changes
- The Fair Value Estimate has risen slightly from £0.54 to £0.55 per share.
- The Discount Rate has increased marginally from 12.73% to 12.94%.
- The Revenue Growth forecast has improved from 7.09% to 7.92%.
- The Net Profit Margin expectation has increased from 4.49% to 4.69%.
- The Future P/E Ratio has declined from 15.60x to 14.76x.
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