Buy Or Sell Opportunity • Jul 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to €34.60. The fair value is estimated to be €28.53, 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 10.0% per annum over the same time period. Declared Dividend • May 20
Final dividend of UK£0.35 announced Shareholders will receive a dividend of UK£0.35. Ex-date: 28th May 2026 Payment date: 3rd July 2026 Dividend yield will be 1.9%, which is lower than the industry average of 4.8%. 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. Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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. Board Change • Dec 30
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Chris McLeish was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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 Recent Insider Transactions • Sep 29
CEO & Member of Executive Board recently bought €244k worth of stock On the 25th of September, Rutger Helbing bought around 10k shares on-market at roughly €24.40 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Rutger's only on-market trade for the last 12 months. Reported Earnings • Aug 11
First half 2024 earnings released: EPS: UK£0.53 (vs UK£0.43 in 1H 2023) First half 2024 results: EPS: UK£0.53 (up from UK£0.43 in 1H 2023). Revenue: UK£422.7m (flat on 1H 2023). Net income: UK£42.8m (up 23% from 1H 2023). Profit margin: 10% (up from 8.3% in 1H 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 11
First half dividend of UK£0.17 announced Shareholders will receive a dividend of UK£0.17. Ex-date: 28th November 2024 Payment date: 7th January 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 18
Now 20% undervalued Over the last 90 days, the stock has risen 15% to €24.80. The fair value is estimated to be €31.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Tillkännagivande • 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. Upcoming Dividend • May 23
Upcoming dividend of UK£0.28 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.6%). Buy Or Sell Opportunity • May 03
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €22.00. The fair value is estimated to be €18.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Apr 19
Full year 2023 earnings released: EPS: UK£0.86 (vs UK£0.67 in FY 2022) Full year 2023 results: EPS: UK£0.86 (up from UK£0.67 in FY 2022). Revenue: UK£829.8m (up 13% from FY 2022). Net income: UK£68.8m (up 29% from FY 2022). Profit margin: 8.3% (up from 7.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Tillkännagivande • 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 Tillkännagivande • 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. Declared Dividend • Mar 14
Final dividend of UK£0.28 announced Shareholders will receive a dividend of UK£0.28. Ex-date: 30th May 2024 Payment date: 5th July 2024 Dividend yield will be 2.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: UK£0.86 (vs UK£0.67 in FY 2022) Full year 2023 results: EPS: UK£0.86 (up from UK£0.67 in FY 2022). Revenue: UK£829.8m (up 13% from FY 2022). Net income: UK£68.8m (up 29% from FY 2022). Profit margin: 8.3% (up from 7.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Upcoming Dividend • Nov 24
Upcoming dividend of UK£0.15 per share at 2.0% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 05 January 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (8.4%). Tillkännagivande • 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 Tillkännagivande • 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 • Aug 10
First half 2023 earnings released: EPS: UK£0.43 (vs UK£0.29 in 1H 2022) First half 2023 results: EPS: UK£0.43 (up from UK£0.29 in 1H 2022). Revenue: UK£420.8m (up 20% from 1H 2022). Net income: UK£34.8m (up 48% from 1H 2022). Profit margin: 8.3% (up from 6.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 01
Executive Chairman recently bought €401k worth of stock On the 26th of May, Alan Clifford Giddins bought around 24k shares on-market at roughly €16.69 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alan Clifford has been a buyer over the last 12 months, purchasing a net total of €573k worth in shares. Upcoming Dividend • May 25
Upcoming dividend of UK£0.22 per share at 2.4% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 52% and the cash payout ratio is 86%. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (9.2%). Recent Insider Transactions • Mar 12
Executive Chairman recently bought €55k worth of stock On the 8th of March, Alan Clifford Giddins bought around 4k shares on-market at roughly €15.24 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alan Clifford has been a buyer over the last 12 months, purchasing a net total of €172k worth in shares. Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: UK£0.67 (vs UK£0.43 in FY 2021) Full year 2022 results: EPS: UK£0.67 (up from UK£0.43 in FY 2021). Revenue: UK£732.1m (up 3.8% from FY 2021). Net income: UK£53.3m (up 56% from FY 2021). Profit margin: 7.3% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 24
Upcoming dividend of UK£0.13 per share Eligible shareholders must have bought the stock before 01 December 2022. Payment date: 06 January 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (8.8%). Buying Opportunity • Nov 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be €13.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings is also forecast to grow by 7.7% per annum over the same time period. Board Change • Oct 31
High number of new directors Independent Non-Executive Director Farrokh Batliwala was the last director to join the board, commencing their role in 2022. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 16% share price gain to €11.40, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.54 per share. Tillkännagivande • Oct 06
Hill & Smith Holdings PLC (LSE:HILS) acquired Business and Assets of National Signal, Inc. from shareholders and management team of National Signal, Inc. for $29.3 million. Hill & Smith Holdings PLC (LSE:HILS) acquired Business and Assets of National Signal, Inc. from shareholders and management team of National Signal, Inc. for $29.3 million on October 5, 2022. The initial cash consideration is $25.3m (£22.2m), on a debt and cash free basis. Further cash consideration of up to $4.0m (£3.5m) is payable, conditional on National Signal's achievement of financial performance targets in the three years post-acquisition. The acquisition will be funded from the Group's existing banking facilities. In the twelve months to 30 June 2022, National Signal reported unaudited revenue of $27.3 million , adjusted EBITDA of $3.4 million and gross assets of $8.3 million.
Hill & Smith Holdings PLC (LSE:HILS) completed the acquisition of Business and Assets of National Signal, Inc. from shareholders and management team of National Signal, Inc. on October 5, 2022. Tillkännagivande • Oct 05
ZINQ France SAS, Christophe Delot, Caisse dEpargne and Banque Populaire Bourgogne Franche-Comté completed the acquisition of France Galva SA from Hill & Smith Holdings PLC (LSE:HILS). ZINQ France SAS, Christophe Delot, Caisse dEpargne and Banque Populaire Bourgogne Franche-Comté agreed to acquire France Galva SA from Hill & Smith Holdings PLC (LSE:HILS) for €72.6 million on July 25, 2022. Under the SPA, Christophe Delot, Caisse dEpargne and Banque Populaire Bourgogne Franche-Comté would acquire 43% and ZINQ would acquire 57% of the share capital and voting rights of France Galva for a fixed equity purchase price of €96.5 million, less the amount of a pre-completion dividend of €23.9 million, which Hill & Smith will apply in settlement of an intercompany loan from France Galva to Hill & Smith. For the year ending 31 December 2021, France Galva reported underlying operating profit of €10 million on revenue of €92 million. The transaction is subject to the receipt of conditional upon approval by Hill & Smith shareholders, as well as other customary closing conditions and completion of the Proposed Disposal and receipt of proceeds would be expected in Q4 2022. Alistair Allen of Rothschild & Co acting as financial advisor to Hill & Smith Holdings.
ZINQ France SAS, Christophe Delot, Caisse dEpargne and Banque Populaire Bourgogne Franche-Comté completed the acquisition of France Galva SA from Hill & Smith Holdings PLC (LSE:HILS) on October 4, 2022. Buying Opportunity • Aug 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.6%. The fair value is estimated to be €17.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings is also forecast to grow by 7.4% per annum over the same time period. Reported Earnings • Aug 04
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£11.9m from profit in 1H 2021). Profit margin: (down from 3.4% in 1H 2021). Over the next year, revenue is forecast to grow 1.1%, compared to a 25% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Tillkännagivande • Aug 04
Hill & Smith Holdings plc Announces Interim Dividend for Fiscal Year 2022, Payable on 6 January 2023 The Board of Hill & Smith Holdings PLC has declared an interim dividend for fiscal year 2022 of 13.0 pence per share (2021: 12.0 pence). The interim dividend will be paid on 6 January 2023 to shareholders on the register on 2 December 2022. Looking forward, the company aim to provide sustainable and progressive dividend growth, targeting a prudent dividend cover of around 2.5 times underlying earnings. Tillkännagivande • Jul 26
ZINQ France SAS, Christophe Delot, Caisse dEpargne and Banque Populaire Bourgogne Franche-Comté agreed to acquire France Galva SA from Hill & Smith Holdings PLC (LSE:HILS) for €72.6 million. ZINQ France SAS, Christophe Delot, Caisse dEpargne and Banque Populaire Bourgogne Franche-Comté agreed to acquire France Galva SA from Hill & Smith Holdings PLC (LSE:HILS) for €72.6 million on July 25, 2022. Under the SPA, Christophe Delot, Caisse dEpargne and Banque Populaire Bourgogne Franche-Comté would acquire 43% and ZINQ would acquire 57% of the share capital and voting rights of France Galva for a fixed equity purchase price of €96.5 million, less the amount of a pre-completion dividend of €23.9 million, which Hill & Smith will apply in settlement of an intercompany loan from France Galva to Hill & Smith. For the year ending 31 December 2021, France Galva reported underlying operating profit of €10 million on revenue of €92 million. The transaction is subject to the receipt of conditional upon approval by Hill & Smith shareholders, as well as other customary closing conditions and completion of the Proposed Disposal and receipt of proceeds would be expected in Q4 2022. Alistair Allen of Rothschild & Co acting as financial advisor to Hill & Smith Holdings. Board Change • Jul 15
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Farrokh Batliwala was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 19
Independent Non Executive Chairman recently bought €58k worth of stock On the 13th of June, Alan Clifford Giddins bought around 4k shares on-market at roughly €13.92 per share. This was the largest purchase by an insider in the last 3 months. Alan Clifford has been a buyer over the last 12 months, purchasing a net total of €101k worth in shares. Upcoming Dividend • May 25
Upcoming dividend of UK£0.19 per share Eligible shareholders must have bought the stock before 01 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (7.6%). Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €14.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 6.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.55 per share. Recent Insider Transactions • May 06
Group Chief Executive recently bought €57k worth of stock On the 28th of April, Paul Simmons bought around 4k shares on-market at roughly €16.14 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. Buying Opportunity • May 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €19.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Board Change • May 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Director Farrokh Batliwala was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 09
Hill & Smith Holdings PLC to Report First Half, 2022 Results on Aug 03, 2022 Hill & Smith Holdings PLC announced that they will report first half, 2022 results on Aug 03, 2022 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 26% growth forecast for the mining industry in Germany. 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 2% per year, which means it is well ahead of earnings. Buying Opportunity • Mar 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be UK£19.90, 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. Tillkännagivande • Feb 01
Hill & Smith Holdings PLC Announces the Appointment of Farrokh Batliwala as A Non-Executive Director with Effect from April 1, 2022 Hill & Smith Holdings PLC announced the appointment of Farrokh Batliwala as a Non-Executive Director with effect from April 1, 2022. Farrokh will also join the Nomination, Audit and Remuneration Committees of the Board. Farrokh was formerly President of the Connect and Control Technologies division of ITT Inc. ("ITT"), a US listed industrials group. Farrokh has significant international operational and leadership experience, combined with having held senior roles in both Strategy and M&A. Prior to joining ITT, Farrokh held senior management roles at both Eaton Corporation and Pratt & Whitney. Farrokh lives on the East Coast of the US and has a degree in Mechanical Engineering from Vanderbilt University and an MBA from Kellogg School of Management, Northwestern University. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €18.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.09 per share. 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 German dividend payers (3.2%). Lower than average of industry peers (7.7%). 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. Tillkännagivande • Aug 12
Hill & Smith Holdings plc Updates Earnings Guidance for the Full Year 2021 Hill & Smith Holdings PLC updated earnings guidance for the full year 2021. For the period, the company now expects full year underlying operating profit to be slightly ahead of the current analyst range. The current analyst forecast range for operating profit is £81.8 million to £84.6 million. 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 German dividend payers (3.2%). Lower than average of industry peers (4.5%). Reported Earnings • Apr 24
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. Recent Insider Transactions • Apr 09
Chief Executive & Director recently bought €87k worth of stock On the 7th of April, Paul Simmons bought around 5k shares on-market at roughly €17.42 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. Recent Insider Transactions • Mar 17
Independent Non Executive Chairman recently bought €58k worth of stock On the 10th of March, Alan C. Giddins bought around 4k shares on-market at roughly €15.56 per share. This was the largest purchase by an insider in the last 3 months. Alan C. has been a buyer over the last 12 months, purchasing a net total of €92k worth in shares. Recent Insider Transactions • Mar 12
Independent Non Executive Chairman recently bought €58k worth of stock On the 10th of March, Alan C. Giddins bought around 4k shares on-market at roughly €15.56 per share. This was the largest purchase by an insider in the last 3 months. Alan C. has been a buyer over the last 12 months, purchasing a net total of €92k worth in shares. 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). 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 20% growth forecast for the Metals and Mining industry in Germany. Tillkännagivande • Mar 04
Hill & Smith Holdings PLC (LSE:HILS) acquired Prolectric Services Limited for £18.2 million. Hill & Smith Holdings PLC (LSE:HILS) acquired Prolectric Services Limited for £18.2 million on March 2, 2021. The consideration is paid in cash on a debt and cash free basis. Cash of up to £5.7 million is payable conditional on Prolectric's achievement of financial performance targets in the 12 months post-acquisition. The total consideration will be funded from the Group's existing banking facilities.
Hill & Smith Holdings PLC (LSE:HILS) completed the acquisition of Prolectric Services Limited on March 2, 2021. Is New 90 Day High Low • Feb 20
New 90-day low: €14.00 The company is down 2.0% from its price of €14.30 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 66% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.76 per share. Tillkännagivande • Feb 02
Hill & Smith Holdings PLC Appoints Leigh-Ann Russell as Non-Executive Director, Effective 1 April 2021 Hill & Smith Holdings PLC announced the appointment of Leigh-Ann Russell as a non-executive Director with effect from 1 April 2021. Leigh-Ann will also join the Nomination, Audit and Remuneration Committees of the Board. Leigh-Ann Russell is currently Chief Procurement Officer for BP PLC ("bp"), with responsibility for safety, compliance and efficiency of bp's global supply chain. She has significant international operational and leadership experience, including having worked extensively in the US. Prior to joining bp in 2006, Leigh-Ann worked for both Schlumberger and a Shell Technology Venture portfolio company. Is New 90 Day High Low • Jan 26
New 90-day high: €16.00 The company is up 22% from its price of €13.10 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 61% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.88 per share. Is New 90 Day High Low • Dec 31
New 90-day high: €15.94 The company is up 27% from its price of €12.54 on 02 October 2020. The German 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 45% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.84 per share. Upcoming Dividend • Nov 26
Upcoming Dividend of UK£0.092 Per Share Will be paid on the 8th of January to those who are registered shareholders by the 3rd of December. The trailing yield of 1.4% is below the top quartile of German dividend payers (3.7%), and is lower than industry peers (5.3%). Is New 90 Day High Low • Nov 17
New 90-day high: €14.46 The company is up 6.0% from its price of €13.68 on 19 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.56 per share. 
