Bodycote Dividends and Buybacks
Dividend criteria checks 3/6
Bodycote is a dividend paying company with a current yield of 3.21% that is well covered by earnings. Next payment date is on 11th June, 2026 with an ex-dividend date of 30th April, 2026.
Key information
3.2%
Dividend yield
4.7%
Buyback Yield
| Total Shareholder Yield | 7.9% |
| Future Dividend Yield | 3.6% |
| Dividend Growth | 4.3% |
| Next dividend pay date | 11 Jun 26 |
| Ex dividend date | 30 Apr 26 |
| Dividend per share | n/a |
| Payout ratio | 74% |
Recent dividend and buyback updates
Recent updates
Narrative Update • May 29
BOY: Higher P/E Assumptions And M&A Optionality Will Shape Future Repricing
Narrative Update on Bodycote The analyst price target for Bodycote has increased to £8.87 from £8.04, with analysts citing a combination of upward target revisions and valuation-driven rating changes across recent research. Analyst Commentary Recent research on Bodycote shows a mix of supportive and more cautious views, with changes in price targets and ratings largely framed around valuation and expectations for future execution.
Narrative Update • Apr 29
BOY: Acquisition Program And Margin Discipline Will Support Future Share Upside
Analysts have trimmed their average price target for Bodycote to £9.05 per share, reflecting a blend of slightly higher assumed discount rates, modest revenue growth expectations, a lower profit margin outlook, and mixed recent Street views that include both a £0.30 uplift from JPMorgan and a cut from Jefferies alongside an unchanged £7.75 target from RBC Capital. Analyst Commentary Recent Street research on Bodycote presents a mixed picture, but there are several clear positives that more optimistic analysts are focusing on.Narrative Update • Apr 15
BOY: Acquisition Focus And Margin Execution Will Support Future Share Upside
Bodycote's analyst price target has been trimmed by £0.10, with analysts pointing to revised margin expectations, a higher discount rate and a higher assumed future P/E multiple as the key drivers behind the change. Analyst Commentary Recent Street research on Bodycote shows a mixed but active view on valuation, with several firms updating price targets and ratings in quick succession.Narrative Update • Apr 01
BOY: Higher P/E Framework And Bolt On Deals Will Support Future Repricing
Narrative Update on Bodycote The updated analyst price target for Bodycote moves slightly lower to about £8.04 from £8.21, as analysts weigh a mix of higher individual targets, such as £7.00, alongside valuation concerns reflected in a recent downgrade to Sector Perform. Analyst Commentary Recent research on Bodycote shows a mix of optimism and caution, with targets clustered around the £7.00 to £7.75 range and a shift in ratings that reflects differing views on valuation and execution risk.Narrative Update • Mar 17
BOY: Higher P/E Framework And Bolt On Deals Will Shape Future Multiple
Analysts have lifted the fair value estimate for Bodycote by £0.14 per share, with higher price targets from several firms supported by updated assumptions on revenue growth, margins and P/E, even as views on valuation remain mixed. Analyst Commentary Recent Street research on Bodycote shows a mix of optimism and caution, with target prices adjusted but views on upside versus risk still divided.
Narrative Update • Mar 03
BOY: Updated Assumptions Will Tighten Room For Error Around Margins
Narrative update Analysts have raised their price target on Bodycote by £1.00, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E. These changes are intended to bring the target more closely in line with their latest research.Narrative Update • Feb 17
BOY: Elevated Revenue Assumptions Will Drive Future Downside Risk To Margins
Analysts have lifted their price target on Bodycote by £1.00, citing refreshed assumptions around revenue growth, margins and a slightly higher discount rate, with Street research, such as the recent £1.00 target increase from Berenberg, supporting the updated view. Analyst Commentary Recent Street research on Bodycote highlights a mix of optimism and caution.Analysis Article • Feb 11
When Should You Buy Bodycote plc (LON:BOY)?
Bodycote plc ( LON:BOY ), is not the largest company out there, but it received a lot of attention from a substantial...Narrative Update • Feb 03
BOY: H2 Profit Outlook And Raised P/E Assumptions Will Shape Future Multiple
Analysts have lifted their price target for Bodycote by £1.00, citing updated assumptions on fair value, discount rate and future P/E, alongside recent Street research support for the stock. Analyst Commentary Bullish Takeaways Bullish analysts point to the raised price target of £1.00 as support for their updated fair value assumptions, suggesting they see the current share price as not fully reflecting Bodycote’s earnings potential.Narrative Update • Jan 20
BOY: Future Multiple Expansion Will Rely On H2 Margin Resilience
Analysts have lowered their price target for Bodycote to £6.00 from £6.10, with the modest reduction accompanied by a slightly higher fair value estimate and updated assumptions for revenue growth, profit margins and future P/E. Analyst Commentary JPMorgan has taken its price target for Bodycote down slightly to £6.00 from £6.10, while maintaining a Neutral stance.Analysis Article • Jan 06
Calculating The Intrinsic Value Of Bodycote plc (LON:BOY)
Key Insights The projected fair value for Bodycote is UK£7.92 based on 2 Stage Free Cash Flow to Equity Bodycote's...Narrative Update • Jan 06
BOY: Higher Profit Outlook And Programmes Will Support Future Share Upside
Analysts have trimmed their fair value estimate for Bodycote to about £9.15 from £8.45, reflecting a slightly lower Street price target of £6.00 and updated assumptions around the discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Recent Street commentary on Bodycote has been relatively cautious, with the headline move being a small reduction in one major bank's price target to 600 GBp from 610 GBp, alongside a Neutral rating.Narrative Update • Dec 20
BOY Will Future Margin Execution And Aerospace Demand Shape A Balanced Outlook
The updated Bodycote price target has risen to around £8.60 per share from roughly £7.00, as analysts factor in slightly stronger long term revenue trends, improved margin expectations, and a modestly higher valuation multiple despite a small increase in the assumed discount rate. Analyst Commentary Recent Street research on Bodycote highlights a growing divide between optimistic long term expectations and more cautious near term assessments of valuation and execution risk.Narrative Update • Dec 06
BOY: Future Multiple Expansion Will Be Driven By Margin Resilience
Our updated narrative raises the Analyst Price Target on Bodycote from £7.44 to £7.78 per share, reflecting analysts' mixed but overall constructive view, as modest price target trimming at JPMorgan is outweighed by a substantial upward revision from Deutsche Bank and a higher assumed future valuation multiple. Analyst Commentary Analyst reactions to Bodycote's outlook highlight a widening divergence in expectations, with some focusing on accelerating earnings power and others emphasizing near term execution risks and valuation discipline.Analysis Article • Nov 28
The Return Trends At Bodycote (LON:BOY) Look Promising
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...Analysis Article • Oct 07
Is There Now An Opportunity In Bodycote plc (LON:BOY)?
Bodycote plc ( LON:BOY ), is not the largest company out there, but it saw a double-digit share price rise of over 10...Analysis Article • Sep 18
Bodycote (LON:BOY) Is Paying Out A Dividend Of £0.069
The board of Bodycote plc ( LON:BOY ) has announced that it will pay a dividend of £0.069 per share on the 6th of...Analysis Article • Sep 08
Getting In Cheap On Bodycote plc (LON:BOY) Might Be Difficult
When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") below 16x, you may...Analysis Article • Aug 25
Is Bodycote (LON:BOY) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • May 18
Is Bodycote (LON:BOY) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • May 05
Bodycote (LON:BOY) Has Some Way To Go To Become A Multi-Bagger
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Apr 06
Some Bodycote plc (LON:BOY) Shareholders Look For Exit As Shares Take 26% Pounding
The Bodycote plc ( LON:BOY ) share price has fared very poorly over the last month, falling by a substantial 26...Analysis Article • Apr 05
Why Bodycote plc (LON:BOY) Could Be Worth Watching
While Bodycote plc ( LON:BOY ) might not have the largest market cap around , it saw significant share price movement...Analysis Article • Mar 18
Bodycote (LON:BOY) Has Affirmed Its Dividend Of £0.161
The board of Bodycote plc ( LON:BOY ) has announced that it will pay a dividend of £0.161 per share on the 5th of June...
New Narrative • Mar 16
Investments In Specialist Technologies Will Support Expansion In Aerospace And Energy Sectors
Strategic focus on efficiency and growth, along with exiting noncore activities, is expected to drive margin improvements and enhance profitability.Analysis Article • Jan 17
With Bodycote plc (LON:BOY) It Looks Like You'll Get What You Pay For
When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") below 15x, you may...Analysis Article • Dec 20
Returns At Bodycote (LON:BOY) Appear To Be Weighed Down
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...Analysis Article • Dec 05
Is Bodycote (LON:BOY) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Nov 20
Is Now The Time To Look At Buying Bodycote plc (LON:BOY)?
While Bodycote plc ( LON:BOY ) might not have the largest market cap around , it saw a decent share price growth of 14...Analysis Article • Oct 04
Bodycote plc's (LON:BOY) Shares Not Telling The Full Story
With a median price-to-earnings (or "P/E") ratio of close to 17x in the United Kingdom, you could be forgiven for...Analysis Article • Aug 19
Bodycote (LON:BOY) Has Announced A Dividend Of £0.069
Bodycote plc ( LON:BOY ) will pay a dividend of £0.069 on the 7th of November. This means the annual payment is 3.6% of...Analysis Article • Aug 06
There May Be Some Bright Spots In Bodycote's (LON:BOY) Earnings
The most recent earnings report from Bodycote plc ( LON:BOY ) was disappointing for shareholders. However, our analysis...Analysis Article • Jun 26
Bodycote (LON:BOY) Seems To Use Debt Rather Sparingly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • May 21
Slowing Rates Of Return At Bodycote (LON:BOY) Leave Little Room For Excitement
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • May 04
Is Now The Time To Look At Buying Bodycote plc (LON:BOY)?
Bodycote plc ( LON:BOY ), is not the largest company out there, but it saw a double-digit share price rise of over 10...Analysis Article • Apr 18
If EPS Growth Is Important To You, Bodycote (LON:BOY) Presents An Opportunity
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Apr 04
Bodycote (LON:BOY) Is Increasing Its Dividend To £0.16
Bodycote plc ( LON:BOY ) will increase its dividend from last year's comparable payment on the 6th of June to £0.16...Analysis Article • Mar 18
Bodycote's (LON:BOY) Shareholders Will Receive A Bigger Dividend Than Last Year
Bodycote plc's ( LON:BOY ) dividend will be increasing from last year's payment of the same period to £0.16 on 6th of...Analysis Article • Jan 23
Is Bodycote plc (LON:BOY) Potentially Undervalued?
While Bodycote plc ( LON:BOY ) might not have the largest market cap around , it saw a double-digit share price rise of...Analysis Article • Dec 15
Here's Why We Think Bodycote (LON:BOY) Might Deserve Your Attention Today
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Nov 23
Does Bodycote (LON:BOY) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Oct 20
Are Investors Undervaluing Bodycote plc (LON:BOY) By 36%?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Bodycote fair value estimate is UK£8.92 Bodycote's UK£5.71...Analysis Article • Sep 23
Investors Met With Slowing Returns on Capital At Bodycote (LON:BOY)
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...Analysis Article • Sep 08
Bodycote's (LON:BOY) Upcoming Dividend Will Be Larger Than Last Year's
Bodycote plc ( LON:BOY ) will increase its dividend from last year's comparable payment on the 10th of November to...Analysis Article • Aug 25
Bodycote's (LON:BOY) Shareholders Will Receive A Bigger Dividend Than Last Year
Bodycote plc's ( LON:BOY ) dividend will be increasing from last year's payment of the same period to £0.067 on 10th of...Stability and Growth of Payments
Fetching dividends data
Stable Dividend: BOY's dividend payments have been volatile in the past 10 years.
Growing Dividend: BOY's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Bodycote Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (BOY) | 3.2% |
| Market Bottom 25% (GB) | 2.2% |
| Market Top 25% (GB) | 5.7% |
| Industry Average (Machinery) | 2.2% |
| Analyst forecast (BOY) (up to 3 years) | 3.6% |
Notable Dividend: BOY's dividend (3.21%) is higher than the bottom 25% of dividend payers in the UK market (2.17%).
High Dividend: BOY's dividend (3.21%) is low compared to the top 25% of dividend payers in the UK market (5.68%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (74.1%), BOY's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (60.4%), BOY's dividend payments are covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/05 12:48 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Bodycote plc is covered by 21 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Hurn | Barclays |
| Andrew Simms | Berenberg |
| James Bayliss | Berenberg |