Smiths Group plc operates as a technology company serving the medical technology, security and defense, general industrial, energy, and space and aerospace markets worldwide. More Details
Excellent balance sheet with moderate growth potential.
Share Price & News
How has Smiths Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SMIN is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SMIN's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SMIN underperformed the UK Industrials industry which returned 25.5% over the past year.
Return vs Market: SMIN underperformed the UK Market which returned 19.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Smiths Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIs Smiths Group plc (LON:SMIN) Trading At A 39% Discount?
1 month ago | Simply Wall StInsiders at Smiths Group plc (LON:SMIN) may have anticipated downturn, sold UK£543k worth of stock despite low prices
1 month ago | Simply Wall StWhat Does Smiths Group plc's (LON:SMIN) Share Price Indicate?
Is Smiths Group 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: SMIN (£14.22) is trading below our estimate of fair value (£23.68)
Significantly Below Fair Value: SMIN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SMIN is poor value based on its PE Ratio (75.1x) compared to the European Industrials industry average (22.5x).
PE vs Market: SMIN is poor value based on its PE Ratio (75.1x) compared to the UK market (23.8x).
Price to Earnings Growth Ratio
PEG Ratio: SMIN is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: SMIN is overvalued based on its PB Ratio (2.5x) compared to the XE Industrials industry average (1.3x).
How is Smiths Group forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SMIN's forecast earnings growth (16.9% per year) is above the savings rate (0.9%).
Earnings vs Market: SMIN's earnings (16.9% per year) are forecast to grow faster than the UK market (13.2% per year).
High Growth Earnings: SMIN's earnings are forecast to grow, but not significantly.
Revenue vs Market: SMIN's revenue (6% per year) is forecast to grow faster than the UK market (4.9% per year).
High Growth Revenue: SMIN's revenue (6% 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 (14.1%).
How has Smiths Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMIN has high quality earnings.
Growing Profit Margin: SMIN's current net profit margins (3.1%) are lower than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: SMIN's earnings have declined by 32.6% per year over the past 5 years.
Accelerating Growth: SMIN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SMIN had negative earnings growth (-23.3%) over the past year, making it difficult to compare to the Industrials industry average (20.1%).
Return on Equity
High ROE: SMIN's Return on Equity (3.4%) is considered low.
How is Smiths Group's financial position?
Financial Position Analysis
Short Term Liabilities: SMIN's short term assets (£2.6B) exceed its short term liabilities (£890.0M).
Long Term Liabilities: SMIN's short term assets (£2.6B) exceed its long term liabilities (£2.0B).
Debt to Equity History and Analysis
Debt Level: SMIN's debt to equity ratio (64%) is considered high.
Reducing Debt: SMIN's debt to equity ratio has reduced from 93.7% to 64% over the past 5 years.
Debt Coverage: SMIN's debt is well covered by operating cash flow (35%).
Interest Coverage: SMIN's interest payments on its debt are well covered by EBIT (5.9x coverage).
What is Smiths Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SMIN's dividend (2.51%) is higher than the bottom 25% of dividend payers in the UK market (1.32%).
High Dividend: SMIN's dividend (2.51%) is low compared to the top 25% of dividend payers in the UK market (4%).
Stability and Growth of Payments
Stable Dividend: SMIN's dividend payments have been volatile in the past 10 years.
Growing Dividend: SMIN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (188.6%), SMIN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SMIN's dividends in 3 years are forecast to be well covered by earnings (45.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul Keel (51 yo)
Mr. Paul A. Keel serves as Chief Executive Officer and Executive Director at Smiths Group plc since May 25, 2021. He was Executive Vice President of Consumer Business Group at 3M Company since April 1, 201...
Experienced Management: SMIN's management team is considered experienced (2.7 years average tenure).
Experienced Board: SMIN's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SMIN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Smiths Group plc's company bio, employee growth, exchange listings and data sources
- Name: Smiths Group plc
- Ticker: SMIN
- Exchange: LSE
- Founded: 1851
- Industry: Industrial Conglomerates
- Sector: Capital Goods
- Market Cap: UK£5.636b
- Shares outstanding: 396.48m
- Website: https://www.smiths.com
Number of Employees
- Smiths Group plc
- 11-12 St James's Square
- 4th Floor
- Greater London
- SW1Y 4LB
- United Kingdom
Smiths Group plc operates as a technology company serving the medical technology, security and defense, general industrial, energy, and space and aerospace markets worldwide. It operates through John Crane...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 21:30|
|End of Day Share Price||2021/09/16 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.