BOY Stock Overview
Bodycote plc provides heat treatment and thermal processing services worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£8.34|
|52 Week High||UK£10.07|
|52 Week Low||UK£6.72|
|1 Month Change||4.25%|
|3 Month Change||-13.58%|
|1 Year Change||16.90%|
|3 Year Change||11.43%|
|5 Year Change||41.63%|
|Change since IPO||564.68%|
Recent News & Updates
Bodycote plc's (LON:BOY) Intrinsic Value Is Potentially 69% Above Its Share Price
How far off is Bodycote plc ( LON:BOY ) from its intrinsic value? Using the most recent financial data, we'll take a...
Is There Now An Opportunity In Bodycote plc (LON:BOY)?
Bodycote plc ( LON:BOY ), might not be a large cap stock, but it saw significant share price movement during recent...
|BOY||GB Machinery||GB Market|
Return vs Industry: BOY underperformed the UK Machinery industry which returned 26.4% over the past year.
Return vs Market: BOY exceeded the UK Market which returned 11.6% over the past year.
|BOY Average Weekly Movement||3.0%|
|Machinery Industry Average Movement||4.7%|
|Market Average Movement||4.9%|
|10% most volatile stocks in GB Market||9.7%|
|10% least volatile stocks in GB Market||2.6%|
Stable Share Price: BOY is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BOY's weekly volatility (3%) has been stable over the past year.
About the Company
Bodycote plc provides heat treatment and thermal processing services worldwide. The company operates through Aerospace, Defence & Energy; and Automotive & General Industrial segments. It offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.
Bodycote Fundamentals Summary
|BOY fundamental statistics|
Is BOY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BOY income statement (TTM)|
|Cost of Revenue||UK£397.50m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.18|
|Net Profit Margin||5.63%|
How did BOY perform over the long term?See historical performance and comparison
2.4%Current Dividend Yield
Is Bodycote undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BOY (£8.34) is trading below our estimate of fair value (£15.02)
Significantly Below Fair Value: BOY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BOY is poor value based on its PE Ratio (46.7x) compared to the UK Machinery industry average (24.7x).
PE vs Market: BOY is poor value based on its PE Ratio (46.7x) compared to the UK market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: BOY is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: BOY's PB Ratio (2.4x) is in line with the GB Machinery industry average.
How is Bodycote forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BOY's forecast earnings growth (21.5% per year) is above the savings rate (0.9%).
Earnings vs Market: BOY's earnings (21.5% per year) are forecast to grow faster than the UK market (12.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BOY's revenue (6.3% per year) is forecast to grow faster than the UK market (4.9% per year).
High Growth Revenue: BOY's revenue (6.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BOY's Return on Equity is forecast to be low in 3 years time (14.1%).
How has Bodycote performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BOY has a large one-off loss of £26.7M impacting its June 30 2021 financial results.
Growing Profit Margin: BOY's current net profit margins (5.6%) are lower than last year (6.7%).
Past Earnings Growth Analysis
Earnings Trend: BOY's earnings have declined by 14.4% per year over the past 5 years.
Accelerating Growth: BOY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BOY had negative earnings growth (-23.6%) over the past year, making it difficult to compare to the Machinery industry average (19.6%).
Return on Equity
High ROE: BOY's Return on Equity (5.2%) is considered low.
How is Bodycote's financial position?
Financial Position Analysis
Short Term Liabilities: BOY's short term assets (£183.2M) do not cover its short term liabilities (£281.0M).
Long Term Liabilities: BOY's short term assets (£183.2M) exceed its long term liabilities (£124.4M).
Debt to Equity History and Analysis
Debt Level: BOY's net debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: BOY had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: BOY's debt is well covered by operating cash flow (140%).
Interest Coverage: BOY's interest payments on its debt are well covered by EBIT (21.1x coverage).
What is Bodycote current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BOY's dividend (2.35%) is higher than the bottom 25% of dividend payers in the UK market (1.38%).
High Dividend: BOY's dividend (2.35%) is low compared to the top 25% of dividend payers in the UK market (4.15%).
Stability and Growth of Payments
Stable Dividend: BOY's dividend payments have been volatile in the past 10 years.
Growing Dividend: BOY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (109.9%), BOY's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BOY's dividends in 3 years are forecast to be well covered by earnings (42.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Stephen Harris (63 yo)
Mr. Stephen C. Harris, MA, MBA, C.Eng. has been the Group Chief Executive Officer at Bodycote plc since January 12, 2009. Mr. Harris served as Business Group Director of Spectris Plc and was responsible fo...
CEO Compensation Analysis
Compensation vs Market: Stephen's total compensation ($USD1.04M) is below average for companies of similar size in the UK market ($USD1.53M).
Compensation vs Earnings: Stephen's compensation has been consistent with company performance over the past year.
Experienced Board: BOY's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bodycote plc's employee growth, exchange listings and data sources
- Name: Bodycote plc
- Ticker: BOY
- Exchange: LSE
- Founded: 1923
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: UK£1.610b
- Shares outstanding: 190.59m
- Website: https://www.bodycote.com
Number of Employees
- Bodycote plc
- Springwood Court
- Springwood Close
- SK10 2XF
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/29 22:53|
|End of Day Share Price||2021/11/29 00:00|
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 here.