Renishaw Past Earnings Performance
Past criteria checks 1/6
Renishaw's earnings have been declining at an average annual rate of -3.3%, while the Electronic industry saw earnings growing at 9.3% annually. Revenues have been growing at an average rate of 5.2% per year. Renishaw's return on equity is 8.1%, and it has net margins of 10.1%.
Key information
-3.34%
Earnings growth rate
-3.33%
EPS growth rate
| Electronic Industry Growth | 5.51% |
| Revenue growth rate | 5.16% |
| Return on equity | 8.12% |
| Net Margin | 10.06% |
| Next Earnings Update | 23 Sep 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 21
RSW: Higher Earnings Guidance And Margin Assumptions Will Support Future P/E Re-Rating
Analysts have lifted their fair value estimate for Renishaw from £50.00 to £60.00, citing updated assumptions around revenue growth, profit margins and future P/E multiples in recent Street research and price target revisions. Analyst Commentary Bullish Takeaways Recent Street research includes a price target uplift of 210 GBp, which supports the higher fair value range and reflects confidence in Renishaw's ability to justify a stronger valuation through its revenue and margin profile.Narrative Update • May 03
RSW: Updated Earnings Guidance And P/E Assumptions Will Shape Longer Term Multiple
Analysts have lifted their fair value estimate for Renishaw from £47.50 to £50.00, citing updated assumptions on revenue growth, profit margins, and a slightly adjusted P/E multiple, consistent with recent Street research that includes a £2.10 increase in the bank price target. Analyst Commentary Recent Street research points to a more constructive tone around Renishaw, with bullish analysts reflecting this in higher valuation markers and refreshed assumptions in their models.
Narrative Update • Apr 19
RSW: CFO Appointment And FY2026 Guidance Will Support Balanced Long Term Outlook
Analysts have kept their fair value estimate for Renishaw steady at £40.03 per share, with minor adjustments to inputs such as the discount rate and the assumed future P/E multiple shaping the latest price target update. What's in the News Renishaw appointed John Shipsey as Chief Financial Officer, effective 13 April 2026, following a comprehensive search process.Narrative Update • Apr 04
RSW: FY2026 Guidance And Analyst Day Will Shape Balanced Long Term Outlook
Analysts have trimmed their fair value estimate for Renishaw to £40.03 from £41.69, citing slightly adjusted assumptions on the discount rate, revenue growth, profit margin and future P/E that together point to a modestly lower price target. What's in the News Renishaw held an Analyst/Investor Day, giving the market an opportunity to hear directly from management and ask questions on the business and outlook (Key Developments).Narrative Update • Mar 21
RSW: FY2026 Guidance And Analyst Day Will Support Stronger Long Term Appeal
Analysts have modestly raised their fair value estimate for Renishaw from £40.41 to £41.69, linking the change to updated assumptions for revenue growth, profit margins, the discount rate, and future P/E expectations. What's in the News Renishaw held an Analyst/Investor Day, giving the market a chance to hear directly from management and ask detailed questions about the business and outlook (Key Developments).Narrative Update • Mar 06
RSW: Future Spectroscopy Collaboration Will Support Stronger Long Term Earnings Multiple
Analysts have lifted their price target on Renishaw from £43.00 to £47.50, reflecting updated assumptions on revenue growth, margins, and the future P/E they see as appropriate for the shares. What's in the News Renishaw has issued earnings guidance for FY2026, indicating expected full year revenue in a range of £740m to £780m.Narrative Update • Feb 19
RSW: New Spectroscopy Collaboration And Guidance Will Support Balanced Medium Term Outlook
Analysts have lifted their Renishaw price target from £36.91 to £40.41, reflecting updated assumptions around slightly lower revenue growth, a higher profit margin, and a modestly adjusted P/E multiple and discount rate. What's in the News Renishaw issued earnings guidance for FY2026, with expected revenue in a range of £740m to £780m, giving investors a reference point for medium term sales expectations (Corporate guidance).Analysis Article • Feb 14
Renishaw (LON:RSW) Has Affirmed Its Dividend Of £0.168
The board of Renishaw plc ( LON:RSW ) has announced that it will pay a dividend on the 7th of April, with investors...
Narrative Update • Feb 05
RSW: Photon Sensing Advances Will Likely Support A More Balanced Risk Profile
Analysts have raised their fair value estimate for Renishaw from £27.70 to £34.00, citing updated assumptions on revenue growth, profit margins and a higher future P/E multiple. What's in the News Renishaw and Singular Photonics report progress in their collaboration on next generation spectroscopy capabilities using Singular's single photon avalanche diode image sensors (Key Developments).Narrative Update • Jan 22
RSW: New Spectroscopy Capabilities Will Support Balanced Medium Term Outlook
Analysts have maintained their price target for Renishaw at £36.91. They cite only minor adjustments to assumptions such as the discount rate, long-term revenue growth, profit margin and future P/E, which together do not materially change their view of the shares.Narrative Update • Jan 08
RSW: Higher Margin Assumptions Will Likely Leave Shares Looking Overstretched
Analysts have raised their price target on Renishaw from £23.80 to £27.70, citing updated assumptions around profit margins and long term fair value as the key drivers of the change. What's in the News Singular Photonics highlighted progress in its collaboration with Renishaw, focused on next generation spectroscopy capabilities using single photon avalanche diode image sensors (Key Developments).Analysis Article • Dec 24
Renishaw (LON:RSW) Has Some Way To Go To Become A Multi-Bagger
What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...Narrative Update • Dec 16
RSW: Margin Progress And Dividend Growth Will Underpin Balanced Medium-Term Outlook
Narrative Update on Analyst Price Target Analysts have raised their price target for Renishaw from £24.50 to £35.30 per share, reflecting greater confidence in the company's ahead-of-plan EBITA margin improvement and upgraded medium-term earnings forecasts. Analyst Commentary Recent research updates highlight a more constructive stance on Renishaw's medium term prospects, driven by faster than expected progress on profitability and upgraded earnings assumptions.Analysis Article • Dec 04
What Is Renishaw plc's (LON:RSW) Share Price Doing?
While Renishaw plc ( LON:RSW ) might not have the largest market cap around , it saw a decent share price growth of 11...Narrative Update • Dec 02
RSW: Margin Delivery And Dividend Increases Will Support Steady Medium-Term Prospects
Analysts have raised their price target for Renishaw, reflecting improved margin outlooks and stronger earnings forecasts. The consensus has moved from 2,450 GBp to 3,530 GBp per share.Narrative Update • Nov 18
RSW: Margin Improvement Efforts And Dividend Outlook Will Drive Measured Upside
Analysts have increased their price target for Renishaw, citing improved margin outlook and stronger than expected EBITA forecasts. Recent revisions have lifted expectations by over £1,000 to a new range between £3,340 and £3,530 per share.Narrative Update • Nov 03
RSW: Future Margins Will Be Supported By Improved Operational Execution
Renishaw's analyst price target has increased from £35.19 to £36.91, as analysts cite stronger than expected margin improvement and updated profit forecasts. Analyst Commentary Following the recent price target increases for Renishaw, analysts have highlighted several factors influencing their outlooks.Narrative Update • Oct 20
Neuro And Additive Manufacturing Investments Will Boost Future Prospects
Renishaw's analyst price target has increased from £34.53 to £35.19 per share. Analysts cite improved EBITA margin performance and upward revisions to future earnings forecasts as key contributors to the positive outlook.Narrative Update • Oct 05
Neuro And Additive Manufacturing Investments Will Boost Future Prospects
Renishaw's analyst price target has been raised from £32.63 to £34.53, reflecting increased confidence in margin improvement and upgraded earnings forecasts based on stronger recent performance. Analyst Commentary Recent analyst revisions have reflected evolving views on Renishaw's prospects, with adjustments to price targets and assessments of the company's operational performance.Analysis Article • Oct 05
Renishaw (LON:RSW) Has Announced That It Will Be Increasing Its Dividend To £0.613
Renishaw plc's ( LON:RSW ) dividend will be increasing from last year's payment of the same period to £0.613 on 5th of...Analysis Article • Sep 21
Renishaw's (LON:RSW) Dividend Will Be Increased To £0.613
The board of Renishaw plc ( LON:RSW ) has announced that it will be increasing its dividend by 3.2% on the 5th of...Narrative Update • Sep 20
Neuro And Additive Manufacturing Investments Will Boost Future Prospects
Driven by a substantial improvement in net profit margin and a notable reduction in forward P/E, sentiment on Renishaw has improved, leading to a modest increase in the consensus price target from £31.36 to £32.63. What's in the News Renishaw announced a proposed final dividend of 61.3 pence per share for Fiscal Year 2025, up from 59.4 pence previously.Analysis Article • Sep 19
Returns At Renishaw (LON:RSW) Are On The Way Up
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
New Narrative • Mar 10
Neuro And Additive Manufacturing Investments Will Boost Future Prospects
Strong semiconductor market performance and aerospace investments are expected to boost Renishaw's revenue and future growth.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Renishaw makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 737 | 74 | 234 | 0 |
| 30 Sep 25 | 725 | 79 | 227 | 0 |
| 30 Jun 25 | 713 | 84 | 221 | 0 |
| 31 Mar 25 | 708 | 91 | 217 | 0 |
| 31 Dec 24 | 702 | 98 | 214 | 0 |
| 30 Sep 24 | 697 | 97 | 213 | 0 |
| 30 Jun 24 | 691 | 97 | 212 | 0 |
| 31 Mar 24 | 681 | 97 | 215 | 0 |
| 31 Dec 23 | 671 | 97 | 218 | 0 |
| 30 Sep 23 | 680 | 107 | 215 | 0 |
| 30 Jun 23 | 689 | 116 | 213 | 0 |
| 31 Mar 23 | 691 | 116 | 215 | 0 |
| 31 Dec 22 | 694 | 116 | 216 | 0 |
| 30 Sep 22 | 682 | 118 | 210 | 0 |
| 30 Jun 22 | 671 | 120 | 204 | 0 |
| 31 Mar 22 | 653 | 124 | 195 | 0 |
| 31 Dec 21 | 636 | 128 | 186 | 0 |
| 30 Sep 21 | 601 | 119 | 183 | 0 |
| 30 Jun 21 | 566 | 111 | 180 | 0 |
| 31 Mar 21 | 536 | 78 | 175 | 0 |
| 31 Dec 20 | 506 | 45 | 169 | 0 |
| 30 Sep 20 | 508 | 23 | 176 | 0 |
| 30 Jun 20 | 510 | 0 | 183 | 0 |
| 31 Mar 20 | 523 | 24 | 187 | 0 |
| 31 Dec 19 | 537 | 48 | 191 | 0 |
| 30 Sep 19 | 555 | 70 | 189 | 0 |
| 30 Jun 19 | 574 | 92 | 186 | 0 |
| 31 Mar 19 | 601 | 110 | 187 | 0 |
| 31 Dec 18 | 629 | 128 | 187 | 0 |
| 30 Sep 18 | 620 | 130 | 183 | 0 |
| 30 Jun 18 | 612 | 132 | 178 | 0 |
| 31 Mar 18 | 596 | 139 | 175 | 0 |
| 31 Dec 17 | 578 | 138 | 171 | 0 |
| 30 Sep 17 | 557 | 120 | 169 | 0 |
| 30 Jun 17 | 537 | 103 | 167 | 0 |
| 31 Mar 17 | 508 | 88 | 161 | 0 |
| 31 Dec 16 | 467 | 50 | 149 | 0 |
| 30 Sep 16 | 447 | 51 | 143 | 0 |
| 30 Jun 16 | 427 | 52 | 136 | 0 |
| 31 Mar 16 | 453 | 85 | 136 | 0 |
| 31 Dec 15 | 469 | 99 | 133 | 0 |
| 30 Sep 15 | 482 | 110 | 132 | 0 |
| 30 Jun 15 | 495 | 122 | 131 | 0 |
Quality Earnings: RSW has high quality earnings.
Growing Profit Margin: RSW's current net profit margins (10.1%) are lower than last year (13.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RSW's earnings have declined by 3.3% per year over the past 5 years.
Accelerating Growth: RSW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RSW had negative earnings growth (-24.1%) over the past year, making it difficult to compare to the Electronic industry average (9.2%).
Return on Equity
High ROE: RSW's Return on Equity (8.1%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/04 12:21 |
| End of Day Share Price | 2026/06/04 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Renishaw plc is covered by 24 analysts. 7 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 |
|---|---|
| Richard Paige | Barclays |
| Jonathan Hurn | Barclays |
| Anthony Plom | Berenberg |