Buy Or Sell Opportunity • May 28
Now 27% overvalued Over the last 90 days, the stock has fallen 7.2% to UK£0.53. The fair value is estimated to be UK£0.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Group CEO & Director Mike England was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 26
Full year 2025 earnings released: UK£0.052 loss per share (vs UK£0.42 loss in FY 2024) Full year 2025 results: UK£0.052 loss per share (improved from UK£0.42 loss in FY 2024). Revenue: UK£116.9m (up 9.0% from FY 2024). Net loss: UK£3.32m (loss narrowed 87% from FY 2024). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 25% per year. Announcement • Mar 25
Flowtech Fluidpower plc, Annual General Meeting, Jun 19, 2026 Flowtech Fluidpower plc, Annual General Meeting, Jun 19, 2026. Announcement • Mar 18
Flowtech Fluidpower plc to Report Fiscal Year 2025 Results on Mar 24, 2026 Flowtech Fluidpower plc announced that they will report fiscal year 2025 results on Mar 24, 2026 Recent Insider Transactions • Feb 12
Independent Non-Executive Chair recently bought UK£161k worth of stock On the 9th of February, Roger McDowell bought around 304k shares on-market at roughly UK£0.53 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Roger's only on-market trade for the last 12 months. New Risk • Feb 11
New major risk - Revenue and earnings growth Earnings have declined by 65% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 65% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (UK£44.2m market cap, or US$60.5m). Announcement • Jan 22
Flowtech Fluidpower plc has completed a Follow-on Equity Offering in the amount of £0.625437 million. Flowtech Fluidpower plc has completed a Follow-on Equity Offering in the amount of £0.625437 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,180,070
Price\Range: £0.53 New Risk • Jan 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (UK£42.3m market cap, or US$56.8m). Reported Earnings • Sep 10
First half 2025 earnings released: UK£0.002 loss per share (vs UK£0.004 profit in 1H 2024) First half 2025 results: UK£0.002 loss per share (down from UK£0.004 profit in 1H 2024). Revenue: UK£56.9m (up 2.1% from 1H 2024). Net loss: UK£146.0k (down 158% from profit in 1H 2024). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Jul 29
Flowtech Fluidpower plc to Report First Half, 2025 Results on Sep 09, 2025 Flowtech Fluidpower plc announced that they will report first half, 2025 results on Sep 09, 2025 Reported Earnings • Apr 09
Full year 2024 earnings released: UK£0.42 loss per share (vs UK£0.21 loss in FY 2023) Full year 2024 results: UK£0.42 loss per share (further deteriorated from UK£0.21 loss in FY 2023). Revenue: UK£107.3m (down 4.3% from FY 2023). Net loss: UK£26.4m (loss widened 103% from FY 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Feb 17
Now 20% overvalued Over the last 90 days, the stock has fallen 20% to UK£0.67. The fair value is estimated to be UK£0.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 4.6% in a year. Earnings are forecast to grow by 99% in the next year. Reported Earnings • Sep 28
First half 2024 earnings released: EPS: UK£0.004 (vs UK£0.023 in 1H 2023) First half 2024 results: EPS: UK£0.004 (down from UK£0.023 in 1H 2023). Revenue: UK£55.7m (down 5.7% from 1H 2023). Net income: UK£251.0k (down 82% from 1H 2023). Profit margin: 0.5% (down from 2.4% in 1H 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. New Risk • Sep 27
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 2.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 70% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (UK£53.9m market cap, or US$72.3m). Announcement • Sep 18
Flowtech Fluidpower plc to Report First Half, 2024 Results on Sep 30, 2024 Flowtech Fluidpower plc announced that they will report first half, 2024 results on Sep 30, 2024 Announcement • Jul 30
Flowtech Fluidpower plc to Report First Half, 2024 Results on Sep 10, 2024 Flowtech Fluidpower plc announced that they will report first half, 2024 results on Sep 10, 2024 Upcoming Dividend • Jun 13
Upcoming dividend of UK£0.022 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 19 July 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (5.6%). In line with average of industry peers (2.0%). Announcement • Jun 13
Flowtech Fluidpower plc Approves Final Dividend for the Year Ended 31 December 2023, Payable on 19 July 2024 Flowtech Fluidpower plc announced that at the AGM held on June 11, 2024, approved final dividend of 2.2 pence per ordinary share in respect of Fiscal year ended 31 December 2023 will be paid on 19 July 2024 to Members on the Register as at 21 June 2024. The ex-dividend date is 20 June 2024. New Risk • May 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 70% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (UK£67.7m market cap, or US$86.4m). Buy Or Sell Opportunity • Apr 12
Now 22% undervalued Over the last 90 days, the stock has risen 20% to UK£0.96. The fair value is estimated to be UK£1.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 94%. Declared Dividend • Mar 28
Dividend increased to UK£0.022 Dividend of UK£0.022 is 4.8% higher than last year. Ex-date: 20th June 2024 Payment date: 19th July 2024 Dividend yield will be 2.7%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Mar 26
Full year 2023 earnings released: UK£0.21 loss per share (vs UK£0.10 loss in FY 2022) Full year 2023 results: UK£0.21 loss per share (further deteriorated from UK£0.10 loss in FY 2022). Revenue: UK£112.1m (down 2.3% from FY 2022). Net loss: UK£13.0m (loss widened 108% from FY 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 61% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite being loss-making. Market cap is less than US$100m (UK£50.7m market cap, or US$64.6m). Buying Opportunity • Dec 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be UK£1.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Nov 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be UK£1.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Oct 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be UK£1.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Oct 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be UK£1.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Sep 03
Independent Non-Executive Director recently bought UK£248k worth of stock On the 30th of August, Roger McDowell bought around 300k shares on-market at roughly UK£0.83 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£403k more in shares than they have sold in the last 12 months. Announcement • Sep 01
Flowtech Fluidpower plc Announces Chairman Changes, Effective October 2023 Following Flowtech Fluidpower plc's announcement on 5 June 2023, the company announced that due to a bereavement Roger McDowell will be extending his temporary break as Chair. It is now expected that he will resume his duties as Chair in October 2023. Roger McDowell will remain a Director of the Company. Jamie Brooke, Non-executive Director, will continue to act as Chairman in his absence. Reported Earnings • Sep 01
First half 2023 earnings released: EPS: UK£0.023 (vs UK£0.042 in 1H 2022) First half 2023 results: EPS: UK£0.023 (down from UK£0.042 in 1H 2022). Revenue: UK£59.1m (up 2.8% from 1H 2022). Net income: UK£1.40m (down 46% from 1H 2022). Profit margin: 2.4% (down from 4.5% in 1H 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. New Risk • Aug 03
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 British stocks, typically moving 7.2% 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: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (UK£55.1m market cap, or US$70.0m). Buying Opportunity • Jul 31
Now 31% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be UK£1.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jul 29
Flowtech Fluidpower plc to Report First Half, 2023 Results on Aug 30, 2023 Flowtech Fluidpower plc announced that they will report first half, 2023 results on Aug 30, 2023 New Risk • Jun 29
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 2.2% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (UK£60.2m market cap, or US$76.1m). Upcoming Dividend • Jun 15
Upcoming dividend of UK£0.021 per share at 1.9% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 21 July 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of British dividend payers (5.8%). In line with average of industry peers (2.0%). Announcement • Jun 14
Flowtech Fluidpower plc Approves Final Dividend for the Year Ended 31 December 2022 Flowtech Fluidpower plc at the Annual General Meeting held on 13 June 2023, approved the final dividend in respect of the year ended 31 December 2022 of 2.1 pence per ordinary share. Announcement • Jun 07
Flowtech Fluidpower plc Provides Board Update Flowtech Fluidpower plc announces that to look after a family health matter, Roger McDowell has handed over his role as chairman until 31 August 2023, to non-executive director, Jamie Brooke, whilst remaining as a director of the Company. After 31 August, Roger will resume his role as chair. Announcement • May 19
Flowtech Fluidpower plc, Annual General Meeting, Jun 13, 2023 Flowtech Fluidpower plc, Annual General Meeting, Jun 13, 2023, at 09:00 Coordinated Universal Time. Location: Flowtech Fluidpower plc, Bollin House, Bollin Walk Wilmslow United Kingdom Agenda: To consider Annual Report and Accounts; to consider Final dividend; to consider reappointment of Directors; to consider reappointment and remuneration of auditors; to consider authority to allot shares; to consider disapplication of pre-emption rights; and to consider purchase by the Company of its own shares. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Group CEO & Director Mike England 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. Reported Earnings • Apr 30
Full year 2022 earnings released: UK£0.10 loss per share (vs UK£0.035 profit in FY 2021) Full year 2022 results: UK£0.10 loss per share (down from UK£0.035 profit in FY 2021). Revenue: UK£114.8m (up 5.2% from FY 2021). Net loss: UK£6.25m (down 392% from profit in FY 2021). Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Jan 11
Flowtech Fluidpower plc Announces Board Changes Flowtech Fluidpower plc announced the appointment of Stuart Watson as Non-Executive Director of the Company with immediate effect. Stuart is a Chartered Accountant and was an audit partner and managing partner for Yorkshire and the North-East at Ernst & Young prior to his retirement in 2017. Most recently he was non-executive director at Clipper Logistics plc until its acquisition and is currently a non-executive director at the Humber & North Yorkshire Integrated Care Board and Vp plc. The company also announced that Nigel Richens intends to retire as Non-Executive Director of the Company having served on the Board since May 2014. It is expected that Nigel will leave the Board following the release of the 2022 Annual Report & Accounts. On Nigel's retirement, Stuart Watson will become chair of the Audit Committee. Stuart William Watson aged 61. Current directorships/partnerships: Vp plc, Humber & North Yorkshire Integrated Care Board, Gateways Educational Trust Ltd. and Strategy Unlocked. Previous directorships/partnerships (last five years): Clipper Logistics plc. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: UK£0.042 (vs UK£0.03 in 1H 2021) First half 2022 results: EPS: UK£0.042 (up from UK£0.03 in 1H 2021). Revenue: UK£57.5m (up 3.9% from 1H 2021). Net income: UK£2.61m (up 40% from 1H 2021). Profit margin: 4.5% (up from 3.4% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.2%, compared to a 7.3% growth forecast for the Trade Distributors industry in the United Kingdom. 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 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 23
Upcoming dividend of UK£0.02 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 22 July 2022. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (2.5%). Recent Insider Transactions • Apr 02
Non-Executive Director recently bought UK£104k worth of stock On the 29th of March, James Brooke bought around 80k shares on-market at roughly UK£1.30 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£854k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 01
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: UK£0.035 (up from UK£0.035 loss in FY 2020). Revenue: UK£109.1m (up 15% from FY 2020). Net income: UK£2.14m (up UK£4.31m from FY 2020). Profit margin: 2.0% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 6.4%, compared to a 8.8% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 08
First half 2021 earnings released: EPS UK£0.03 (vs UK£0.014 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£55.3m (up 19% from 1H 2020). Net income: UK£1.86m (up UK£2.70m from 1H 2020). Profit margin: 3.4% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 24
Full year 2020 earnings released: UK£0.035 loss per share (vs UK£0.061 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£95.1m (down 15% from FY 2019). Net loss: UK£2.17m (down 158% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Apr 24
Independent Non-Executive Chair recently bought UK£750k worth of stock On the 21st of April, Roger McDowell bought around 750k shares on-market at roughly UK£1.00 per share. This was the largest purchase by an insider in the last 3 months. This was Roger's only on-market trade for the last 12 months. Is New 90 Day High Low • Jan 23
New 90-day high: UK£1.05 The company is up 45% from its price of UK£0.72 on 23 October 2020. The British market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: UK£0.95 The company is up 20% from its price of UK£0.79 on 06 October 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: UK£0.81 The company is up 17% from its price of UK£0.70 on 20 August 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 10.0% over the same period.