Inchcape (GB:INCH)
LSE:INCH
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Earnings Data
Report Date
Jul 28, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.35Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a positive and confident tone: Inchcape reported resilient margins, strong free cash flow (GBP 315m), meaningful shareholder returns (buybacks and 13% DPS/EPS growth), record regional performances in the Americas and Europe & Africa and continued contract wins supporting medium-term organic growth. The principal concern is APAC, where revenue fell 12%, margins contracted and competitive/BEV dynamics plus short-term supply reconfiguration create near-term headwinds that management is addressing via cost actions and OEM collaboration. Given the strong cash generation, low leverage, reiterated medium-term targets and clear plans to tackle APAC, positives materially outweigh the negatives.Company Guidance
Strong headline financials and profitability
Revenue of GBP 9.1bn in FY2025; adjusted PBT of GBP 443m (up ~3% in constant currency); adjusted operating profit GBP 563m (down 1% cc). Resilient operating margin around 6.2% (6.0% excluding disposal gains). Adjusted basic EPS 80.8p (up 13% year-on-year; +17% in constant currency). Return on capital employed 29%.
Excellent cash generation and disciplined capital returns
Free cash flow of GBP 315m (104% conversion to adjusted profit after tax). Returned around GBP 340m to shareholders during the year through dividends and buybacks (dividends GBP 101m; buybacks GBP 238m). Since Aug 2024 repurchased GBP 400m of shares (reducing shares by ~13%). Announced a new GBP 175m share buyback program. Dividend per share 32.3p, up 13%.
Outperformance vs market and volume growth
Group market volumes grew 2% in 2025 while Inchcape grew volumes by 3% (organic volume growth 3%), outperforming broader market. Organic revenue growth 1% for the group.
Regional successes — Americas and Europe & Africa
Americas: market volumes and organic revenue up 8%; operating margins up 70 basis points to 7.0%; record PBT in the Americas. Europe & Africa: market volumes +3% and organic revenue +6%; region delivered record top- and bottom-line performance; contribution from distribution contracts and the Iceland acquisition performing well.
Distribution contract wins and strengthened OEM portfolio
Won 10 new distribution contracts in 2025 (examples: New Holland in Ethiopia/Kenya; BYD in Lithuania/Latvia; XPENG in Colombia; GAC AION in Greece; smart in Colombia/Uruguay/Ecuador; Iveco in Hong Kong). Over 50 contracts won since 2019, supporting future organic growth and resilience.
Balance sheet strength and low leverage
Closing leverage described at 0.4x (well within self-mandated headroom of 1x), giving capacity for further buybacks and bolt-on M&A while retaining disciplined capital allocation.
Operational improvement and margin discipline
Overhead-to-revenue ratio improved (overhead ratio fell by ~20 basis points). Continued cost discipline, capital recycling and optimization (divestment gains GBP 17m). Group reiterated medium-term margins target circa 6% and free cash flow conversion around 100%.
Employee and customer metrics
Employee engagement score 81% (up 4 points year-on-year). Reputation.com score improved by 6%, reflecting stronger customer reputation across markets.
Technology and commercial initiatives
Expanded AI usage across sales & operations and parts pricing; launched a vehicle pricing algorithm in Chile. Increased penetration of higher-margin value-added services (aftersales gross profit up ~4% underlying) and continued rollout of financed insurance products and OEM certified parts.
Medium-term targets reiterated
Reiterated medium-term ambitions: generate GBP 2.5bn free cash flow to 2030, deliver >10% EPS CAGR to 2030, and maintain disciplined capital allocation (dividends at c.40% of earnings, buybacks and bolt-on M&A while keeping leverage below 1x).
GB:INCH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:INCH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 03, 2026 | 846.39 p | 768.08 p | -9.25% |
Jul 29, 2025 | 767.07 p | 677.42 p | -11.69% |
Mar 04, 2025 | 635.78 p | 640.45 p | +0.73% |
Jul 30, 2024 | 774.79 p | 791.83 p | +2.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Inchcape (GB:INCH) report earnings?
Inchcape (GB:INCH) is schdueled to report earning on Jul 28, 2026, TBA (Confirmed).
What is Inchcape (GB:INCH) earnings time?
Inchcape (GB:INCH) earnings time is at Jul 28, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Inchcape stock?
The P/E ratio of Inchcape is N/A.
What is GB:INCH EPS forecast?
Currently, no data Available