James Halstead (JHD) AI Stock Analysis

• Market Cap: £501.45M
• Dividend Yield: 5.91%
• Average Volume (3M): 355.65K
• Price to Earnings (P/E): 16.4
• Beta (1Y): 0.56
• Revenue Growth: -4.70%
• EPS Growth: -2.21%
• Country: UK
• Employees: 851
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 0.05
• Shares Outstanding: 416,411,440
• 10 Day Avg. Volume: 434,047
• 30 Day Avg. Volume: 355,651
• PEG Ratio: -6.30
• Price to Book (P/B): 3.67
• Price to Sales (P/S): 2.55
• P/FCF Ratio: 19.42
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.1
• Revenue Forecast (FY): £269.95M

• Rating: 70 Neutral
• Price Target: 131.00 p ▼(-3.32% Downside)
• Action: Reiterated Date: 12/19/25
• Date: Action: Reiterated 12/19/25

James Halstead's stock score is primarily driven by its stable financial performance and attractive valuation. However, technical indicators suggest bearish momentum, which could pose short-term risks. The lack of growth in revenue and free cash flow are areas that need attention to improve the overall outlook.

Positive Factors

Strong balance sheet

Conservative leverage and a healthy equity ratio give the company durable financial flexibility, allowing it to absorb cyclical construction demand swings, sustain dividends and fund targeted capex or international expansion without relying heavily on external financing.

Established B2B model & brand

A century-long B2B presence with distribution partnerships and exports creates sticky customer relationships and recurring project demand. Brand reputation and channel ties with architects/contractors support steady order flow and pricing power across healthcare, education and commercial segments.

Margin sustainability

Consistently healthy gross and net margins indicate effective pricing and cost control. That margin resilience supports operating cash generation, funds investment in product development and sustainability initiatives, and cushions earnings if top-line growth remains muted.

Negative Factors

Declining revenues

Sustained revenue decline signals weaker market demand or competitive pressure in core commercial segments. Over several quarters this erodes scale economics, limits margin expansion, and forces management to rely on market share recovery or new geographic/product initiatives to restore long-term growth.

Falling free cash flow

An 11% contraction in FCF growth reduces internal funding for dividends, capex and M&A. If the trend persists it will constrain strategic investments and financial flexibility, increasing reliance on retained earnings or external financing for growth initiatives.

Earnings contraction

Negative EPS growth implies pressure on per-share profitability, potentially from softer sales or margin headwinds. Persistent EPS contraction undermines long-term return on equity expansion and could limit the company's ability to increase shareholder distributions sustainably.

James Halstead Business Overview & Revenue Model

Company Description

James Halstead plc manufactures and supplies flooring products for commercial and domestic uses in the United Kingdom, rest of Europe, Scandinavia, Australasia, Asia, and internationally. The company offers its products under the Polyflor, Palettone, Camaro, Polysafe, Recofloor, and Expona names. James Halstead plc was founded in 1914 and is based in Manchester, the United Kingdom.

How the Company Makes Money

James Halstead generates revenue primarily through the sale of its flooring products to commercial clients and contractors. The company operates on a business-to-business (B2B) model, with its key revenue streams coming from direct product sales, distribution agreements, and international exports. Significant partnerships with architects, interior designers, and construction firms enhance its market reach and drive sales. Additionally, JHD benefits from a strong brand reputation and ongoing demand for sustainable and high-performance flooring solutions, allowing it to maintain healthy profit margins.

James Halstead Financial Statement Overview

Summary

James Halstead presents a stable financial position with strong profitability and a solid balance sheet. However, the decline in revenue growth and free cash flow growth are areas of concern that need to be addressed to ensure sustained financial health.

Income Statement

James Halstead's income statement shows a mixed performance. The company has maintained a healthy gross profit margin, but there has been a decline in revenue growth rate over the past year. The net profit margin remains stable, indicating effective cost management. However, the negative revenue growth rate of -2.44% in the most recent year is a concern, suggesting potential challenges in sales or market conditions.

Balance Sheet

The balance sheet of James Halstead is strong, with a low debt-to-equity ratio indicating conservative leverage. The return on equity is robust, reflecting efficient use of equity to generate profits. The equity ratio is healthy, suggesting a solid capital structure. Overall, the company demonstrates financial stability with manageable debt levels.

Cash Flow

The cash flow statement reveals some challenges, with a decline in free cash flow growth rate by -11.39%. However, the operating cash flow to net income ratio is reasonable, indicating that the company is generating sufficient cash from operations relative to its net income. The free cash flow to net income ratio is also strong, suggesting effective cash management despite the recent decline in free cash flow.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	261.97M	274.88M	303.56M	291.86M	266.36M
Gross Profit	116.57M	121.12M	115.46M	113.50M	111.64M
EBITDA	62.93M	63.63M	58.88M	59.16M	58.12M
Net Income	40.61M	41.52M	42.40M	40.33M	39.86M
Balance Sheet
Total Assets	240.25M	247.00M	245.51M	269.68M	234.49M
Cash, Cash Equivalents and Short-Term Investments	68.37M	74.28M	63.22M	52.14M	83.26M
Total Debt	4.89M	6.59M	7.48M	5.91M	6.38M
Total Liabilities	58.25M	65.72M	71.30M	96.42M	77.99M
Stockholders Equity	182.00M	181.28M	174.21M	173.26M	156.49M
Cash Flow
Free Cash Flow	34.38M	46.02M	46.84M	3.31M	53.10M
Operating Cash Flow	38.26M	49.33M	49.70M	6.56M	55.91M
Investing Cash Flow	-1.17M	-563.00K	-2.72M	-2.97M	-2.68M
Financing Cash Flow	-40.17M	-37.59M	-35.52M	-34.85M	-37.22M

James Halstead Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 135.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:JHD, the sentiment is Negative. The current price of 135.5 is above the 20-day moving average (MA) of 128.88, above the 50-day MA of 134.14, and below the 200-day MA of 139.41, indicating a bearish trend. The MACD of -3.69 indicates Positive momentum. The RSI at 22.16 is Positive, neither overbought nor oversold. The STOCH value of 3.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:JHD.

James Halstead Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TPK	75 Outperform	£1.30B	12.17	-2.81%	2.12%	-4.34%	-220.12%
NXR	74 Outperform	£282.44M	117.95	6.14%	3.48%	-3.93%	41.83%
ECEL	70 Neutral	£109.88M	13.87	7.28%	3.97%	5.51%	-33.75%
JHD	70 Neutral	£501.45M	16.44	22.71%	5.91%	-4.70%	-2.21%
ALU	66 Neutral	£88.72M	7.45	18.04%	4.63%	12.60%	6.64%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GEN	60 Neutral	£734.34M	18.00	7.59%	3.19%	5.88%	107.36%

James Halstead Corporate Events

James Halstead Director Restructures Family Shareholdings via ISA Transfers

James Halstead plc has disclosed a series of transactions involving non-executive director Michael James Halstead and his closely associated persons, in line with Market Abuse Regulation reporting requirements. On 20 February 2026, a total of 52,000 ordinary shares were transferred from Halstead’s nominee account, with 19,250 shares moving into his personal ISA and additional tranches allocated to ISA accounts for Maria and Katherine Claire Halstead.

These dealings, all priced at £1.36 per share and executed on AIM, represent a reorganisation of existing holdings rather than a change in overall economic exposure to the company. The moves underscore continued insider alignment with the business while signalling routine personal tax and investment planning, with limited immediate implications for the company’s operations or broader shareholder base.

The most recent analyst rating on (GB:JHD) stock is a Hold with a £148.00 price target. To see the full list of analyst forecasts on James Halstead stock, see the GB:JHD Stock Forecast page.

James Halstead Corrects Price in Share Buyback and Cuts Share Count to 416.4m

James Halstead plc has bought back 375,000 of its 5p ordinary shares at a corrected weighted price of 136.89 pence per share and will cancel the repurchased stock rather than holding it in treasury. Following settlement and cancellation, the total number of ordinary shares in issue will fall to 416,411,436, setting the new base for shareholder voting rights and regulatory disclosure thresholds under the FCA’s rules.

The most recent analyst rating on (GB:JHD) stock is a Hold with a £146.00 price target. To see the full list of analyst forecasts on James Halstead stock, see the GB:JHD Stock Forecast page.

James Halstead Cancels 375,000 Shares After Buyback

James Halstead plc has bought back 375,000 of its ordinary 5p shares at a weighted price of 1.3689 pence per share and will cancel them rather than hold them in treasury. Following settlement and cancellation, the company’s share capital will comprise 416,411,436 ordinary shares in issue, with no shares held in treasury, thereby slightly reducing the number of voting shares in the market and adjusting the base for shareholders’ disclosure calculations under FCA transparency rules.

The most recent analyst rating on (GB:JHD) stock is a Hold with a £146.00 price target. To see the full list of analyst forecasts on James Halstead stock, see the GB:JHD Stock Forecast page.

James Halstead Warns of Modest First-Half Dip but Backs Second-Half Rebound

James Halstead has reported that sales for the half year to 31 December 2025 will show a slight decline versus the prior year, with challenging conditions in Central Europe and Asia Pacific weighing on overall revenue, though UK sales remain marginally ahead and trading in North America, the Middle East and South Africa continues to grow. A conservative approach to customer credit has dampened revenue and will result in a modest reduction in profitability for the period, but the board highlights rising cash balances, an ungeared balance sheet and ongoing investment in UK sites, alongside new and updated product ranges and management changes in APAC, as drivers expected to support improved revenue and profitability in the second half.

The most recent analyst rating on (GB:JHD) stock is a Hold with a £148.00 price target. To see the full list of analyst forecasts on James Halstead stock, see the GB:JHD Stock Forecast page.