Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €1.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 1.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.09 per share. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.31, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.50 per share. Recent Insider Transactions • May 20
CEO & Executive Director recently bought €78k worth of stock On the 18th of May, William Truman bought around 64k shares on-market at roughly €1.22 per share. This transaction increased William's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was William's only on-market trade for the last 12 months. Announcement • May 16
Eurocell plc Approves Final Dividend for the Year Ended 31 December 2025 Eurocell plc announced at annual general meeting held on May 14, 2026, approved to declare a final dividend for the year ended 31 December 2025 of 4.1 pence per ordinary share. Announcement • Apr 19
Eurocell plc Appoints Chief Financial Officer Changes Eurocell plc announced the following changes to the Board. Further to the announcement made in February 2026 regarding Michael Scott's delayed retirement from the business, the Company announced the appointment of Matt Worster as the company's new CFO, who will succeed Michael in the Autumn and join the Board as an Executive Director. Matt has held roles within the Travis Perkins Group since 2014, currently as the Finance Director of Travis Perkins General Merchant. He has also held the position of Director of Investor Relations at Travis Perkins PLC and, before that was the Finance Director at CCF. He is a member of the Institute of Chartered Accountants in England and Wales. Matt is an experienced capital markets professional and brings with him a rich understanding of both distribution and building materials sectors. Announcement • Mar 19
Eurocell plc, Annual General Meeting, May 14, 2026 Eurocell plc, Annual General Meeting, May 14, 2026. Announcement • Feb 11
Eurocell plc Announces Chief Executive Officer Changes, Effective February 9, 2026 Eurocell plc announced that Darren Waters will step down as Chief Executive Officer with immediate effective February 9,2026. The Board believes that to achieve our strategic objectives in this critical year it is in the best interests of the Company to have surety of leadership and a seamless handover, therefore the Board has appointed Will Truman as CEO commencing immediately. Announcement • Jan 17
Eurocell plc to Report Fiscal Year 2025 Results on Mar 19, 2026 Eurocell plc announced that they will report fiscal year 2025 results on Mar 19, 2026 Announcement • Jul 28
Eurocell plc to Report First Half, 2025 Results on Sep 04, 2025 Eurocell plc announced that they will report first half, 2025 results on Sep 04, 2025 Announcement • May 16
Eurocell plc Approves Final Dividend for the Year Ended 31 December 2024 Eurocell plc approved final dividend for the year ended 31 December 2024 of 3.85 pence per ordinary share. Announcement • Apr 19
Eurocell plc, Annual General Meeting, May 15, 2025 Eurocell plc, Annual General Meeting, May 15, 2025. Location: eurocell head office and distribution centre, high view road, alfreton, derbyshire, de55 2dt, United Kingdom Announcement • Mar 26
Eurocell plc (LSE:ECEL) commences an Equity Buyback Plan for 10,969,731 shares, representing 10% of its issued share capital, under the authorization approved on May 16, 2024. Eurocell plc (LSE:ECEL) commences share repurchases on March 25, 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 16, 2024. As per the mandate, the company is authorized to repurchase up to 10,969,731 shares, representing 10% of its issued share capital. The minimum price which may be paid for each ordinary share is 0.1 pence per share and the maximum price which may be paid for each ordinary share is the higher of an amount equal to 105% of the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the ordinary share is purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The purpose of the Buyback is to reduce the share capital of the Company and enhance earnings per share. The repurchased shares may cancelled and number of shares in issue will be accordingly reduced. The authorization is valid till company's next annual general meeting or 15 months after the passing of this resolution. As of April 10, 2024, the company had 109,697,318 ordinary shares in issue and 833,726 shares in treasury.
On March 20, 2025, the company announces share repurchase program. Under the program the company will repurchase up to £5 million worth of it's shares. The repurchases will commence from today. Announcement • Mar 20
Eurocell plc Proposes Final Dividend for Year 2024, Payable on 23 May 2025 Eurocell plc Proposed a final dividend of 3.9 pence per share, which results in total dividends for the year of 6.1 pence per share (£6.3 million), up 10% compared to 2023 (5.5 pence per share). The dividend will be paid on 23 May 2025 to shareholders registered at the close of business on 25 April 2025. The ex-dividend date will be 24 April 2025. Announcement • Jan 28
Eurocell plc Appoints Stuart Livingstone as Chief Operating Officer Eurocell plc announced the appointment of Stuart Livingstone as Chief Operating Officer, responsible for their branch network operations and supply chain. He joined earlier this month from Howdens, where he was Trade Director. Prior to Howdens, Stuart worked for Pets at Home and Screwfix, where he was Director of Retail. Announcement • Jan 17
Eurocell plc to Report Fiscal Year 2024 Results on Mar 20, 2025 Eurocell plc announced that they will report fiscal year 2024 results on Mar 20, 2025 Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.32, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Building industry in Europe. Total loss to shareholders of 7.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.84 per share. Buy Or Sell Opportunity • Oct 24
Now 22% undervalued Over the last 90 days, the stock has risen 20% to €2.00. The fair value is estimated to be €2.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has declined by 26%. Revenue is forecast to grow by 7.2% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Buy Or Sell Opportunity • Oct 05
Now 21% undervalued Over the last 90 days, the stock has risen 34% to €1.97. The fair value is estimated to be €2.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has declined by 26%. Revenue is forecast to grow by 7.2% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Reported Earnings • Sep 09
First half 2024 earnings released: EPS: UK£0.053 (vs UK£0.026 in 1H 2023) First half 2024 results: EPS: UK£0.053 (up from UK£0.026 in 1H 2023). Revenue: UK£175.7m (down 4.7% from 1H 2023). Net income: UK£5.80m (up 100% from 1H 2023). Profit margin: 3.3% (up from 1.6% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Declared Dividend • Sep 06
First half dividend of UK£0.022 announced Shareholders will receive a dividend of UK£0.022. Ex-date: 12th September 2024 Payment date: 11th October 2024 Dividend yield will be 3.7%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 87% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 04
Eurocell plc Approves Interim Dividend for the Six Months Ended 30 June 2024, Payable on October 11, 2024 On 3 September 2024, the Board of Eurocell plc approved an interim dividend for the six months ended 30 June 2024 of 2.2 pence per share (£2.3 million), an increase of 10% compared to first half 2023. The interim dividend will be paid on 11 October 2024 to shareholders on the register at the close of business at 13 September 2024 and shares will be marked ex-dividend on 12 September 2024. New Risk • Aug 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.85, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Building industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.79 per share. Announcement • Jul 23
Eurocell plc to Report First Half, 2024 Results on Sep 04, 2024 Eurocell plc announced that they will report first half, 2024 results on Sep 04, 2024 Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €1.71, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.23 per share. Announcement • Jun 21
Eurocell plc Announces Board Changes Eurocell plc announced that Kate Allum, has notified the Board of her intention to resign as Non-Executive Director with effect from 31 July 2024 in order to pursue new opportunities. Kate will be succeeded as Chair of the Remuneration Committee by Alison Littley, Senior Independent Director with immediate effect. In addition, Will Truman, will join the Remuneration Committee as a member with immediate effect. Announcement • May 18
Eurocell plc Approves Final Dividend for the Year Ended 31 December 2023 Eurocell plc at its AGM held on 16 May 2024 declared a final dividend for the year ended 31 December 2023 of 3.5 pence per ordinary share. Buy Or Sell Opportunity • May 06
Now 22% undervalued Over the last 90 days, the stock has risen 5.8% to €1.46. The fair value is estimated to be €1.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • Apr 21
Eurocell plc, Annual General Meeting, May 16, 2024 Eurocell plc, Annual General Meeting, May 16, 2024, at 12:00 Coordinated Universal Time. Location: Eurocell Head Office and Distribution Centre, High View Road, Alfreton Derbyshire United Kingdom Upcoming Dividend • Apr 18
Upcoming dividend of UK£0.035 per share Eligible shareholders must have bought the stock before 25 April 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.0%). Buy Or Sell Opportunity • Apr 09
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at €1.44. The fair value is estimated to be €1.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Recent Insider Transactions • Mar 29
Independent Non-Executive Director recently bought €77k worth of stock On the 26th of March, Iraj Amiri bought around 55k shares on-market at roughly €1.39 per share. This transaction increased Iraj's direct individual holding by 8x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €549k more in shares than they have sold in the last 12 months. Declared Dividend • Mar 24
Final dividend of UK£0.035 announced Shareholders will receive a dividend of UK£0.035. Ex-date: 25th April 2024 Payment date: 22nd May 2024 Dividend yield will be 4.5%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 98% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: UK£0.086 (vs UK£0.20 in FY 2022) Full year 2023 results: EPS: UK£0.086 (down from UK£0.20 in FY 2022). Revenue: UK£364.5m (down 4.4% from FY 2022). Net income: UK£9.60m (down 56% from FY 2022). Profit margin: 2.6% (down from 5.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Jan 25
Eurocell plc Announces Appointment of Angela Rushforth as an Independent Non-Executive Director, Member of the Nomination, Remuneration and Social Values & ESG Committees, Effective February 1, 2024 Eurocell plc announced that the Board has appointed Angela Rushforth as an independent Non-executive Director, and member of the Nomination, Remuneration and Social Values & ESG Committees, with effect from 1 February 2024. Angela is a seasoned business leader in the building materials sector, with significant branch network experience and insights from both multi-site retail and merchanting. She has held senior roles across the various parts of the Travis Perkins group since 2015 and has been a member of its leadership team since 2020. Angela is currently the Managing Director of Toolstation, having previously been Managing Director of BSS. Prior to joining Travis Perkins, she was Managing Director of Ridgeons Group, one of the UK's largest independent builders' merchants. Angela is also currently Chair of the Construction Inclusion Coalition, an industry-wide body, established to improve equity, diversity and inclusion across the construction sector, and Chair of Governors for the LEAP apprenticeship board, a provider of apprenticeship services to the construction industry. Announcement • Jan 23
Eurocell plc to Report Fiscal Year 2023 Results on Mar 20, 2024 Eurocell plc announced that they will report fiscal year 2023 results on Mar 20, 2024 Recent Insider Transactions • Oct 18
Key Executive recently bought €128k worth of stock On the 13th of October, Derek Mapp bought around 100k shares on-market at roughly €1.28 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €129k. Derek has been a buyer over the last 12 months, purchasing a net total of €511k worth in shares. Recent Insider Transactions • Sep 10
Key Executive recently bought €129k worth of stock On the 5th of September, Derek Mapp bought around 100k shares on-market at roughly €1.29 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Derek has been a buyer over the last 12 months, purchasing a net total of €383k worth in shares. Reported Earnings • Sep 06
First half 2023 earnings released: EPS: UK£0.026 (vs UK£0.12 in 1H 2022) First half 2023 results: EPS: UK£0.026 (down from UK£0.12 in 1H 2022). Revenue: UK£184.4m (down 2.3% from 1H 2022). Net income: UK£2.90m (down 78% from 1H 2022). Profit margin: 1.6% (down from 6.8% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Building industry in Europe. Board Change • Jul 26
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Will Truman was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
