Buy Or Sell Opportunity • Aug 17
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to UK£30.55. The fair value is estimated to be UK£25.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 8.0%. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 60% in the next 2 years. Declared Dividend • Aug 14
First half dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 26th November 2026 Payment date: 8th January 2027 Dividend yield will be 2.0%, which is lower than the industry average of 7.3%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
First half 2026 earnings released: EPS: US$0.60 (vs US$0.76 in 1H 2025) First half 2026 results: EPS: US$0.60 (down from US$0.76 in 1H 2025). Revenue: US$606.7m (up 8.1% from 1H 2025). Net income: US$47.7m (down 22% from 1H 2025). Profit margin: 7.9% (down from 11% in 1H 2025). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to UK£28.88. The fair value is estimated to be UK£23.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Buy Or Sell Opportunity • Jul 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to UK£29.20. The fair value is estimated to be UK£24.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Buy Or Sell Opportunity • May 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to UK£28.05. The fair value is estimated to be UK£23.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Upcoming Dividend • May 21
Upcoming dividend of UK£0.35 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 03 July 2026. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.7%). Board Change • May 21
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Nick Anderson was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 21
Final dividend increased to UK£0.35 Dividend of UK£0.35 is 7.7% higher than last year. Ex-date: 28th May 2026 Payment date: 3rd July 2026 Dividend yield will be 2.0%, which is lower than the industry average of 7.3%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 9.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 13
Hill & Smith PLC (LSE:HILS) completed the acquisition of 80% stake in Freeberg Industrial Fabrication Corporation from Marc Brown. Hill & Smith PLC (LSE:HILS) reached agreement to acquire 80% stake in Freeberg Industrial Fabrication Corporation from Marc Brown for $86 million on March 11, 2026. A cash consideration of $36 million for 80% of the equity, on a debt and cash free basis will be paid by Hill & Smith PLC. Hill & Smith PLC will pay an earnout/contingent payment of $50 million cash for the remaining 20% of the equity dependent upon levels of profitability achieved over the period to 31 December 2031. As part of consideration, $86 million is paid towards common equity of Freeberg Industrial Fabrication Corporation. The transaction will be funded from Hill & Smith's existing borrowing facilities.
For the period ending December 31, 2025, Freeberg Industrial Fabrication Corporation reported total revenue of $31.7 million and EBIT of $5.3 million. Chief Executive Officer, Marc Brown, will continue to lead Freeberg Industrial Fabrication Corporation following the transaction.
The acquisition, which is expected to complete during the second quarter, is subject to US regulatory approvals. The acquisition is expected to be earnings enhancing to the Group in 2026.
Hill & Smith PLC (LSE:HILS) completed the acquisition of 80% stake in Freeberg Industrial Fabrication Corporation from Marc Brown on April 13, 2026. Announcement • Mar 23
Hill & Smith PLC to Report First Half, 2026 Results on Aug 12, 2026 Hill & Smith PLC announced that they will report first half, 2026 results on Aug 12, 2026 Announcement • Mar 12
Hill & Smith PLC (LSE:HILS) reached agreement to acquire 80% stake in Freeberg Industrial Fabrication Corporation from Marc Brown for $86 million. Hill & Smith PLC (LSE:HILS) reached agreement to acquire 80% stake in Freeberg Industrial Fabrication Corporation from Marc Brown for $86 million on March 11, 2026. A cash consideration of $36 million for 80% of the equity, on a debt and cash free basis will be paid by Hill & Smith PLC. Hill & Smith PLC will pay an earnout/contingent payment of $50 million cash for the remaining 20% of the equity dependent upon levels of profitability achieved over the period to 31 December 2031. As part of consideration, $86 million is paid towards common equity of Freeberg Industrial Fabrication Corporation. The transaction will be funded from Hill & Smith's existing borrowing facilities.
For the period ending December 31, 2025, Freeberg Industrial Fabrication Corporation reported total revenue of $31.7 million and EBIT of $5.3 million. Chief Executive Officer, Marc Brown, will continue to lead Freeberg Industrial Fabrication Corporation following the transaction.
The acquisition, which is expected to complete during the second quarter, is subject to US regulatory approvals. The acquisition is expected to be earnings enhancing to the Group in 2026. Announcement • Nov 20
Hill & Smith PLC Announces Unchanged Earnings Guidance for the Full Year 2025 Hill & Smith PLC announced unchanged earnings guidance for the full year 2025. For the year, The company expects FY25 underlying operating profit to be in line with current analyst consensus. Announcement • Mar 25
Hill & Smith PLC Announces Board and Committee Changes Hill & Smith PLC announced the appointment of Gillian Tomlinson as a non-executive director, with effect from 25 March 2025. Gillian will join the Nomination, Audit and Remuneration Committees of the Board, replacing Leigh-Ann Russell, who stepped down from the Board on 12 March 2025. Gillian Tomlinson is Chief Data & Digital Officer at FTSE100 engineering company, Weir Group PLC, where she is responsible for digital strategy and implementation. Prior to joining Weir Group PLC, Gillian was Director of Data & Analytics at Three UK. Gillian has a degree in Economics from Potchefstroom University in South Africa, and has lived and worked internationally throughout her career. Announcement • Nov 20
Hill & Smith PLC to Report Fiscal Year 2024 Results on Mar 12, 2025 Hill & Smith PLC announced that they will report fiscal year 2024 results on Mar 12, 2025 Announcement • May 25
Hill & Smith PLC Provides Financial Guidance for the Year 2024 Hill & Smith PLC provided financial guidance for the year 2024. For the period, the company expects operating profit to be slightly ahead of the top end of analyst expectations. Announcement • Apr 13
Hill & Smith PLC to Report Q3, 2024 Results on Nov 26, 2024 Hill & Smith PLC announced that they will report Q3, 2024 results on Nov 26, 2024 Announcement • Mar 14
Hill & Smith plc Recommends Final Dividend for the Year of 2023, Payable on 5 July 2024 Hill & Smith PLC announced that the Board recommended final dividend of 28.0 pence per share, making a total dividend for the year of 43.0 pence per share (2022: 35.0 pence). The final dividend, if approved, will be paid on 5July2024 to shareholders on the register on 31 May 2024. Announcement • Mar 12
Hill & Smith PLC (LSE:HILS) acquired FM Stainless LLC from Chad Hood for $8.75 million. Hill & Smith PLC (LSE:HILS) acquired FM Stainless LLC from Chad Hood for $8.75 million on March 12, 2024. The initial cash consideration is $8.25 million, on a debt and cash free basis. Further cash consideration of up to $0.5 million is payable, conditional on achievement of financial performance targets in the year following acquisition. The acquisition will be funded from the Group's existing borrowing facilities and is expected to be earnings enhancing to the Group in 2024. FM Stainless will become part of The Paterson Group, within Engineered Solutions division. In the 12 months to 31 December 2023, FM Stainless reported unaudited revenue of $8.6 million, adjusted EBIT of $1.6 million and gross assets as of 31st December 2023 of $5.5 million.Hill & Smith PLC (LSE:HILS) completed the acquisition of FM Stainless LLC from Chad Hood on March 12, 2024. Announcement • Jan 30
Hill & Smith plc Appoints Hooman Caman Javvi as Chief Operating Officer Hill & Smith PLC announced the appointment of Hooman Caman Javvi, Group President, as Chief Operating Officer. Hooman will retain his current responsibilities, while taking on a wider responsibility for the Group's operations, talent development and medium-term strategy, and continuing to report to Alan Giddins, Executive Chair. Hooman joined Hill & Smith in March 2022, having previously spent 11 years in senior management roles at ABB and Hitachi Energy. Hooman has a degree in Mechanical Engineering. Announcement • Dec 21
Hill & Smith PLC Appoints Carol Chesney as Non-Executive Director, Effective on 1 January 2024 Hill & Smith PLC announced the appointment of Carol Chesney as a non-executive Director with effect from 1 January 2024. Carol will also join the Nomination, Audit and Remuneration Committees of the Board. As previously communicated, Mark Reckitt will retire from the Board at the AGM in May 2024, having joined the Board in 2016. Carol will take over from Mark as Chair of the Audit Committee following the AGM. A qualified chartered accountant and experienced PLC non-executive Director and Audit Committee Chair, Carol has a very strong background in the international engineering sector, both with Halma in executive roles and as a former non-executive director of Renishaw, with more recent exposure to the high technology, energy and infrastructure sectors. During her executive career with over 23 years at Halma, Carol held a number of senior group finance roles, and was latterly Company Secretary. The appointment follows a comprehensive search process using an external search firm, led by the Nomination Committee. Announcement • Nov 14
Hill & Smith PLC to Report Fiscal Year 2023 Results on Mar 14, 2024 Hill & Smith PLC announced that they will report fiscal year 2023 results on Mar 14, 2024 Announcement • Aug 10
Hill & Smith PLC Declares an Interim Dividend for Fiscal Year 23, Payable on 5 January 2024 Hill & Smith PLC declared an interim dividend for FY23 of 15.0p per share, an increase of 15% (2022: 13.0p). The interim dividend will be paid on 5 January 2024 to shareholders on the register on 1 December 2023. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: UK£0.43 (up from UK£0.30 in FY 2020). Revenue: UK£705.0m (up 6.7% from FY 2020). Net income: UK£34.2m (up 43% from FY 2020). Profit margin: 4.9% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 5.4%, compared to a 1.0% growth forecast for the mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Buying Opportunity • Mar 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be UK£15.26, 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% per annum over the last 3 years. Earnings per share has declined by 28% per annum over the last 3 years. Upcoming Dividend • Nov 25
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 02 December 2021. Payment date: 07 January 2022. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (9.2%). Reported Earnings • Aug 12
First half 2021 earnings released: EPS UK£0.15 (vs UK£0.20 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: UK£354.2m (up 12% from 1H 2020). Net income: UK£11.9m (down 24% from 1H 2020). Profit margin: 3.4% (down from 5.0% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Upcoming Dividend • May 27
Upcoming dividend of UK£0.17 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 09 July 2021. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (5.1%). Reported Earnings • Apr 25
Full year 2020 earnings released: EPS UK£0.30 (vs UK£0.61 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£660.5m (down 4.9% from FY 2019). Net income: UK£24.0m (down 50% from FY 2019). Profit margin: 3.6% (down from 7.0% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Recent Insider Transactions • Apr 09
Chief Executive & Director recently bought UK£75k worth of stock On the 7th of April, Paul Simmons bought around 5k shares on-market at roughly UK£15.04 per share. This was the largest purchase by an insider in the last 3 months. This was Paul's only on-market trade for the last 12 months. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS UK£0.30 (vs UK£0.61 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£660.5m (down 4.9% from FY 2019). Net income: UK£24.0m (down 50% from FY 2019). Profit margin: 3.6% (down from 7.0% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 11
Revenue misses expectations Revenue missed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 4.9%, compared to a 21% growth forecast for the Metals and Mining industry in the United Kingdom. Is New 90 Day High Low • Feb 19
New 90-day low: UK£12.66 The company is down 6.0% from its price of UK£13.42 on 20 November 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£10.04 per share. Is New 90 Day High Low • Dec 18
New 90-day high: UK£13.84 The company is up 13% from its price of UK£12.24 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£10.27 per share. Is New 90 Day High Low • Dec 02
New 90-day high: UK£13.74 The company is up 15% from its price of UK£11.94 on 03 September 2020. The British market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£9.82 per share.