Smiths Group Future Growth

Future criteria checks 3/6

Smiths Group is forecast to grow earnings and revenue by 10.9% and 4.4% per annum respectively. EPS is expected to grow by 11.1% per annum. Return on equity is forecast to be 20.9% in 3 years.

Key information

10.9%

Earnings growth rate

11.12%

EPS growth rate

Industrials earnings growth	9.0%
Revenue growth rate	4.4%
Future return on equity	20.93%
Analyst coverage	Good
Last updated	22 May 2025

Recent future growth updates

Recent updates

An Intrinsic Calculation For Smiths Group plc (LON:SMIN) Suggests It's 37% Undervalued

May 17

Smiths Group plc's (LON:SMIN) Intrinsic Value Is Potentially 66% Above Its Share Price

Feb 12

Aerospace Demand And Process Improvements Will Boost Future Margins

Feb 09 Investments in process improvements and innovations, alongside acquisitions, are expected to drive long-term revenue growth and operational efficiencies, enhancing margins.

Smiths Group plc's (LON:SMIN) P/E Is On The Mark

Jan 06

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

Dec 03

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

Oct 31

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

Oct 11

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

Sep 27

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

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	3,638	414	394	539	10
7/31/2026	3,490	353	337	486	12
7/31/2025	3,334	341	296	447	10
1/31/2025	3,233	306	366	455	N/A
10/31/2024	3,183	278	349	437	N/A
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	N/A	387	N/A
7/31/2018	2,328	117	N/A	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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMIN's forecast earnings growth (10.9% per year) is above the savings rate (2.5%).

Earnings vs Market: SMIN's earnings (10.9% per year) are forecast to grow slower than the UK market (14.5% per year).

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

Revenue vs Market: SMIN's revenue (4.4% per year) is forecast to grow faster than the UK market (3.7% per year).

High Growth Revenue: SMIN's revenue (4.4% 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 high in 3 years time (20.9%)

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/25 15:00
End of Day Share Price	2025/05/23 00:00
Earnings	2025/01/31
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.

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

Smiths Group plc is covered by 43 analysts. 12 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
Nick Webster	Barclays

Smiths Group Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Smiths Group plc Provides Earnings Guidance for the Full Year 2025

Price target increased by 7.0% to UK£21.96

Price target increased by 8.0% to UK£21.94

Smiths Group plc Revises Organic Revenue Guidance for the Fiscal Year 2025

Consensus EPS estimates fall by 11%

Consensus EPS estimates increase by 12%

Recent updates

Smiths Group plc Provides Earnings Guidance for the Full Year 2025

An Intrinsic Calculation For Smiths Group plc (LON:SMIN) Suggests It's 37% Undervalued

Smiths Group's (LON:SMIN) Dividend Will Be £0.1423

First half dividend increased to UK£0.14

Smiths Group (LON:SMIN) Has A Pretty Healthy Balance Sheet

First half 2025 earnings released: EPS: UK£0.49 (vs UK£0.32 in 1H 2024)

Smiths Group plc Declares Interim Dividend, Payable on 14 May 2025

Smiths Group plc (LSE:SMIN) acquired Duc-Pac Corporation for $40.5 million.

Is Now The Time To Put Smiths Group (LON:SMIN) On Your Watchlist?

High number of new directors

Smiths Group plc's (LON:SMIN) Intrinsic Value Is Potentially 66% Above Its Share Price

Aerospace Demand And Process Improvements Will Boost Future Margins

Price target increased by 7.0% to UK£21.96

Price target increased by 8.0% to UK£21.94

Now 21% undervalued

Engine Capital Issues a Letter to Smiths Group

Smiths Group plc Revises Organic Revenue Guidance for the Fiscal Year 2025

Smiths Group plc Announces CFO Changes, Effective 31 January 2025

Smiths Group plc Appoints Simon Pryce as an Independent Non-Executive Director, with Effect from 1 February 2025

Smiths Group plc's (LON:SMIN) P/E Is On The Mark

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

Consensus EPS estimates fall by 11%

Consensus EPS estimates increase by 12%

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

Smiths Group plc Announces Directorate Changes

Smiths Group plc Announces Directors' Change in Responsibilities

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)

High number of new directors

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

Now 21% undervalued

Now 22% undervalued after recent price drop

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Upcoming dividend of UK£0.12 per share

Now 22% undervalued

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status