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James Latham
(LSE:LTHP)
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Rating:73Outperform
Price Target:
137.00 p
▲(11.84% Upside)
Action:Upgraded
Date:07/04/26
The score is driven primarily by solid overall financial health and a conservative balance sheet, offset by weaker recent profitability and a deterioration to negative free cash flow in 2026. Valuation is a major positive due to the very low P/E and high dividend yield, while technical signals are mostly neutral with only modest trend support.
Positive Factors
Conservative balance sheet
Low leverage and steadily rising equity provide durable financial flexibility for a distribution business that depends on inventory funding and working-capital cycles. This positioning reduces refinancing risk, supports operational continuity through downturns, and preserves capacity for targeted investment or bolt-on initiatives over coming months.
Negative Factors
Profitability has stepped down
Sustained margin compression reduces core earnings power and weakens the ability to self-fund investment or cushions for cyclical downturns. If driven by structural pricing or cost pressures rather than one-offs, lower profitability could persist, constraining dividend capacity and long-term return metrics over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and steadily rising equity provide durable financial flexibility for a distribution business that depends on inventory funding and working-capital cycles. This positioning reduces refinancing risk, supports operational continuity through downturns, and preserves capacity for targeted investment or bolt-on initiatives over coming months.
Read all positive factors
James Latham (LTHP) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£219.79M
Dividend Yield6.53%
Average Volume (3M)0.00
Price to Earnings (P/E)1.4
Beta (1Y)0.00
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees588
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)0.92
Shares Outstanding590,478
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
James Latham Business Overview & Revenue Model
Company Description
James Latham Plc specializes in the importation and distribution of a diverse range of wood-based panel products. The company offers an extensive portfolio of materials, including various panels, solid surfaces, door blanks, hardwoods, softwoods, ...
How the Company Makes Money
James Latham primarily makes money by buying timber, panel products and other wood-based materials from manufacturers/sawmills and reselling them to trade customers at a margin (distribution/merchanting model). Revenue is therefore mainly driven b...
James Latham Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
83
Very Positive
Cash Flow
56
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 393.04M | 366.61M | 366.51M | 408.37M | 385.37M |
| Gross Profit | 64.85M | 61.45M | 62.10M | 80.01M | 91.53M |
| EBITDA | 27.87M | 30.11M | 34.73M | 48.94M | 62.30M |
| Net Income | 18.60M | 18.15M | 22.66M | 35.92M | 35.92M |
Balance Sheet | |||||
| Total Assets | 291.66M | 275.45M | 269.70M | 250.36M | 224.81M |
| Cash, Cash Equivalents and Short-Term Investments | 51.20M | 69.12M | 75.88M | 62.61M | 37.03M |
| Total Debt | 7.77M | 12.02M | 8.67M | 6.60M | 5.00M |
| Total Liabilities | 59.34M | 54.97M | 54.47M | 54.78M | 60.84M |
| Stockholders Equity | 232.31M | 220.48M | 215.23M | 195.57M | 163.97M |
Cash Flow | |||||
| Free Cash Flow | -4.56M | 3.56M | 21.54M | 33.01M | 16.35M |
| Operating Cash Flow | 21.76M | 17.02M | 27.13M | 36.31M | 20.66M |
| Investing Cash Flow | -26.26M | -9.80M | -1.97M | -2.41M | -6.47M |
| Financing Cash Flow | -9.78M | -17.61M | -8.33M | -8.32M | -5.79M |
James Latham Technical Analysis
Positive
122.50
Price Trends
122.50
Positive
121.02
Positive
119.57
Positive
Market Momentum
0.03
Positive
100.00
Negative
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:LTHP, the sentiment is Positive. The current price of 122.5 is above the 20-day moving average (MA) of 122.50, above the 50-day MA of 122.50, and above the 200-day MA of 119.57, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 100.00 is Negative, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:LTHP.
James Latham Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £219.79M | 1.39 | 7.92% | 6.53% | ― | ― | |
68 Neutral | £21.60M | 7.41 | 8.10% | 1.14% | 4.06% | 19.04% | |
68 Neutral | £1.69B | 12.83 | 8.38% | 3.99% | 10.40% | 15.42% | |
67 Neutral | £155.33M | 14.43 | 5.64% | 6.70% | 8.83% | 27.20% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | £101.58M | -1.58 | -47.73% | ― | -0.80% | -31.98% | |
45 Neutral | £26.18M | -5.75 | -5.14% | 3.61% | 8.27% | -122.69% |
* General Sector Average
GB:LTHP
James Latham
122.50
7.87
6.87%
GB:BMTO
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2,000.00
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GB:SHI
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8.08
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GB:GFTU
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904.30
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GB:BRCK
BRCK Group plc
48.60
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-16.16%
GB:LORD
Lords Group Trading PLC
15.75
-36.62
-69.93%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.