Smiths Group Future Growth

Future criteria checks 3/6

Smiths Group is forecast to grow earnings and revenue by 15.4% and 4.3% per annum respectively. EPS is expected to grow by 14.3% per annum. Return on equity is forecast to be 18.6% in 3 years.

Key information

15.4%

Earnings growth rate

14.3%

EPS growth rate

Industrials earnings growth	8.6%
Revenue growth rate	4.3%
Future return on equity	18.6%
Analyst coverage	Good
Last updated	06 Dec 2024

Recent future growth updates

The Smiths Group plc (LON:SMIN) Interim Results Are Out And Analysts Have Published New Forecasts

Mar 29

Recent updates

Smiths Group plc (LON:SMIN) Shares Could Be 36% Below Their Intrinsic Value Estimate

Jul 27

Smiths Group plc's (LON:SMIN) Business Is Yet to Catch Up With Its Share Price

Jul 05

Is There An Opportunity With Smiths Group plc's (LON:SMIN) 38% Undervaluation?

Apr 25

The Smiths Group plc (LON:SMIN) Interim Results Are Out And Analysts Have Published New Forecasts

Mar 29

We Ran A Stock Scan For Earnings Growth And Smiths Group (LON:SMIN) Passed With Ease

Mar 06

Smiths Group plc's (LON:SMIN) Price Is Out Of Tune With Revenues

Jan 21

Estimating The Fair Value Of Smiths Group plc (LON:SMIN)

Jan 03

Earnings and Revenue Growth Forecasts

LSE:SMIN - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
7/31/2027	3,577	402	394	491	8
7/31/2026	3,435	352	340	442	9
7/31/2025	3,298	305	281	395	10
7/31/2024	3,132	250	332	418	N/A
1/31/2024	3,047	233	278	361	N/A
10/31/2023	3,042	229	245	327	N/A
7/31/2023	3,037	225	212	293	N/A
1/31/2023	2,871	-1	121	197	N/A
10/31/2022	2,719	5	156	238	N/A
7/31/2022	2,566	11	191	279	N/A
4/30/2022	2,507	131	268	367	N/A
1/31/2022	2,448	250	345	455	N/A
10/31/2021	2,427	203	382	495	N/A
7/31/2021	2,406	156	418	535	N/A
4/30/2021	2,432	116	406	520	N/A
1/31/2021	2,458	75	394	504	N/A
10/31/2020	2,503	70	357	467	N/A
7/31/2020	2,548	65	319	429	N/A
4/30/2020	2,572	82	305	420	N/A
1/31/2020	2,595	98	291	410	N/A
10/31/2019	2,547	119	260	378	N/A
7/31/2019	2,498	140	228	346	N/A
1/31/2019	1,929	66	255	369	N/A
10/31/2018	2,129	92	277	387	N/A
7/31/2018	2,328	117	299	405	N/A
1/31/2018	3,205	372	N/A	413	N/A
10/31/2017	3,243	471	N/A	446	N/A
7/31/2017	3,280	570	N/A	479	N/A
1/31/2017	3,194	432	N/A	462	N/A
10/31/2016	3,072	346	N/A	410	N/A
7/31/2016	2,949	259	N/A	358	N/A
4/30/2016	2,901	274	N/A	317	N/A
1/31/2016	2,853	289	N/A	275	N/A
10/31/2015	2,875	268	N/A	271	N/A
7/31/2015	2,897	246	N/A	266	N/A
4/30/2015	2,912	236	N/A	276	N/A
1/31/2015	2,926	225	N/A	285	N/A
10/31/2014	2,939	229	N/A	271	N/A
7/31/2014	2,952	233	N/A	256	N/A
4/30/2014	3,014	261	N/A	286	N/A
1/31/2014	3,075	289	N/A	317	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMIN's forecast earnings growth (15.4% per year) is above the savings rate (2.1%).

Earnings vs Market: SMIN's earnings (15.4% per year) are forecast to grow faster than the UK market (14.8% per year).

High Growth Earnings: SMIN's earnings are forecast to grow, but not significantly.

Revenue vs Market: SMIN's revenue (4.3% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: SMIN's revenue (4.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SMIN's Return on Equity is forecast to be low in 3 years time (18.6%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 01:21
End of Day Share Price	2024/12/20 00:00
Earnings	2024/07/31
Annual Earnings	2024/07/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Smiths Group plc is covered by 38 analysts. 10 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
David Larkam	Arden Partners Plc.
Jonathan Hurn	Barclays
Joseph Campbell	Barclays

Smiths Group Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 11%

Consensus EPS estimates increase by 12%

The Smiths Group plc (LON:SMIN) Interim Results Are Out And Analysts Have Published New Forecasts

Smiths Group plc Raises Revenue Guidance for the Full Year 2023

Smiths Group plc Provides Revenue Guidance for the Full Year 2022

Smiths Group plc Provides Group Revenue Guidance for 2022

Recent updates

Smiths Group plc to Report Fiscal Year 2025 Results on Sep 23, 2025

With EPS Growth And More, Smiths Group (LON:SMIN) Makes An Interesting Case

Smiths Group plc to Report First Half, 2025 Results on Mar 25, 2025

Is Smiths Group (LON:SMIN) Using Too Much Debt?

Smiths Group (LON:SMIN) Is Paying Out A Larger Dividend Than Last Year

Upcoming dividend of UK£0.30 per share

Smiths Group (LON:SMIN) Is Increasing Its Dividend To £0.302

Final dividend increased to UK£0.30

Smiths Group plc (LSE:SMIN) agreed to acquire Modular Metal Fabricators, Inc.

Full year 2024 earnings: EPS misses analyst expectations

Smiths Group plc (LSE:SMIN) agreed to acquire Wattco.

High number of new directors

Smiths Group plc (LON:SMIN) Shares Could Be 36% Below Their Intrinsic Value Estimate

Smiths Group plc's (LON:SMIN) Business Is Yet to Catch Up With Its Share Price

Smiths Group plc Appoints Alister Cowan as Independent Non-Executive Director and Member of the Audit & Risk Committee, Effect from 1 July 2024

Is There An Opportunity With Smiths Group plc's (LON:SMIN) 38% Undervaluation?

Consensus EPS estimates fall by 11%

Consensus EPS estimates increase by 12%

The Smiths Group plc (LON:SMIN) Interim Results Are Out And Analysts Have Published New Forecasts

First half dividend increased to UK£0.14

First half 2024 earnings released: EPS: UK£0.32 (vs UK£0.29 in 1H 2023)

Smiths Group plc, Annual General Meeting, Nov 13, 2024

We Ran A Stock Scan For Earnings Growth And Smiths Group (LON:SMIN) Passed With Ease

Smiths Group plc Announces Directorate Changes

Smiths Group plc Announces Directors' Change in Responsibilities

Smiths Group plc's (LON:SMIN) Price Is Out Of Tune With Revenues

Estimating The Fair Value Of Smiths Group plc (LON:SMIN)

Smiths Group plc Approves Final Dividend

Smiths Group plc to Report Fiscal Year 2024 Results on Sep 24, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Smiths Group plc to Report First Half, 2024 Final Results on Mar 22, 2024

Smiths Group plc (LSE:SMIN) acquired Heating & Cooling Products, Inc. for $82 million.

Smiths Group plc Raises Revenue Guidance for the Full Year 2023

Smiths Group plc, Annual General Meeting, Nov 16, 2023

Upcoming dividend of UK£0.13 per share at 2.3% yield

First half 2023 earnings released: EPS: UK£0.29 (vs UK£0.29 in 1H 2022)

Smiths Group plc Announces Tanya Fratto Did Not Seek Re-Election as Director

High number of new directors

Smiths Group plc Provides Revenue Guidance for the Full Year 2022

High number of new directors

Smiths Group plc to Report First Half, 2023 Results on Mar 24, 2023

Upcoming dividend of UK£0.27 per share

High number of new directors

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Smiths Group plc Recommends final dividend, Payable on 18 November 2022

Now 21% undervalued

Now 22% undervalued after recent price drop

Smiths Group plc Announces Directorate Changes, Effective 1 September 2022

Now 22% undervalued after recent price drop

Smiths Group plc to Report Fiscal Year 2022 Results on Sep 23, 2022

Smiths Group plc Provides Group Revenue Guidance for 2022

Smiths Group plc Announces Executive Leadership Appointments

Now 21% undervalued after recent price drop

Upcoming dividend of UK£0.12 per share

Now 22% undervalued

ICU Medical, Inc. (NasdaqGS:ICUI) completed the acquisition of Smiths Medical, Inc. from Smiths Group plc (LSE:SMIN).

CFO & Director exercised options and sold UK£122k worth of stock

Upcoming dividend of UK£0.26 per share

CFO & Director recently bought UK£99k worth of stock

Full year 2021 earnings released: EPS UK£0.39 (vs UK£0.16 in FY 2020)

ICU Medical, Inc. (NasdaqGS:ICUI) entered into an agreement to acquire Smiths Medical Division from Smiths Group plc (LSE:SMIN) for $2.5 billion.

Chief Executive & Executive Director has left the company

Consensus forecasts updated

Upcoming dividend of UK£0.12 per share

First half 2021 earnings released: EPS UK£0.053 (vs UK£0.028 in 1H 2020)

Smiths Group plc to Report First Half, 2021 Results on Mar 26, 2021

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts