Stelrad Group Plc (SRAD) AI Stock Analysis

• Market Cap: £213.32M
• Dividend Yield: 3.92%
• Average Volume (3M): 111.64K
• Price to Earnings (P/E): 42.3
• Beta (1Y): 0.30
• Revenue Growth: -3.51%
• EPS Growth: -67.38%
• Country: UK
• Employees: 1,405
• Sector: Industrials
• Sector Strength: 73
• Industry: Construction
• EPS (TTM): 0.06
• Shares Outstanding: 127,352,554
• 10 Day Avg. Volume: 255,970
• 30 Day Avg. Volume: 111,638
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: £191.50
• Price Target Upside: 14.33% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 69 Neutral
• Price Target: 183.00p ▲(9.25% Upside)

Stelrad Group Plc's overall stock score is driven primarily by its solid financial performance, marked by strong profitability and cash flow management. However, the high P/E ratio indicates potential overvaluation, and technical indicators suggest neutral to weak market momentum. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Cash Flow Management

Strong free cash flow growth indicates effective capital management, providing the company with flexibility to invest in growth opportunities and weather economic downturns.

Operational Efficiency

Stable and improving margins suggest that the company is effectively managing its costs and operations, which can lead to sustained profitability over the long term.

Market Presence

A strong market presence and distribution network enhance the company's ability to reach customers and drive sales, supporting long-term revenue stability.

Negative Factors

High Leverage

High leverage can increase financial risk, potentially limiting the company's ability to invest in growth or manage downturns, impacting long-term financial health.

Revenue Growth Decline

Inconsistent revenue growth could indicate challenges in market demand or competitive pressures, potentially affecting long-term business expansion and profitability.

Earnings Volatility

Significant volatility in earnings per share growth suggests potential instability in profitability, which could affect investor confidence and long-term financial planning.

Stelrad Group Plc Business Overview & Revenue Model

Company Description

Stelrad Group PLC manufactures and distributes radiators in the United Kingdom, Ireland, Europe, Turkey, and internationally. It provides steel panel radiators, low surface temperature radiators, towel warmers, decorative steel tubular radiators, and other steel column radiators under the Stelrad, Henrad, Termo Teknik, and Hudevad brands. Stelrad Group PLC was founded in 1936 and is headquartered in Newcastle Upon Tyne, the United Kingdom.

How the Company Makes Money

Stelrad Group Plc generates revenue through the design, manufacture, and sale of a comprehensive range of radiators and heating products. Key revenue streams include sales to wholesalers, retailers, and direct to contractors. The company benefits from its extensive distribution network and significant market presence in the UK and Europe. Stelrad also leverages partnerships with construction companies and real estate developers, ensuring its products are integrated into new building projects. Additionally, the company invests in product innovation and energy-efficient heating solutions, aligning with environmental regulations and consumer demand for sustainable products, which further drives sales and revenue growth.

Stelrad Group Plc Financial Statement Overview

Summary

Stelrad Group Plc exhibits solid financial health with strong profitability and cash flow management. The company shows stable gross profit margins and improving EBIT margins, but faces potential risks from a high debt-to-equity ratio.

Income Statement

Stelrad Group Plc shows a stable gross profit margin and improving EBIT margin, indicating solid operational efficiency. However, revenue growth has been inconsistent, showing a slight decline in the latest period. Net profit margin remains healthy, suggesting effective cost control.

Balance Sheet

The company maintains a high debt-to-equity ratio, which could pose risks, but the return on equity is strong, indicating effective use of equity financing. The equity ratio is moderate, signaling a balanced capital structure.

Cash Flow

Stelrad Group Plc demonstrates strong free cash flow growth, reflecting efficient capital expenditure management. The operating cash flow to net income ratio is robust, indicating good cash conversion from operations.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	290.58M	308.19M	316.31M	272.29M	196.56M
Gross Profit	88.96M	86.85M	80.07M	80.01M	57.19M
EBITDA	42.31M	37.39M	24.20M	33.85M	27.20M
Net Income	16.52M	15.42M	4.31M	14.66M	8.70M
Balance Sheet
Total Assets	220.88M	235.22M	262.40M	179.17M	155.53M
Cash, Cash Equivalents and Short-Term Investments	18.63M	21.44M	22.64M	15.56M	20.07M
Total Debt	85.54M	90.70M	100.03M	64.66M	89.13M
Total Liabilities	163.29M	180.02M	210.95M	152.25M	146.15M
Stockholders Equity	57.59M	55.20M	51.45M	26.91M	9.39M
Cash Flow
Free Cash Flow	19.45M	26.48M	13.49M	12.81M	17.60M
Operating Cash Flow	25.41M	33.57M	23.33M	21.45M	26.24M
Investing Cash Flow	-5.62M	-6.74M	-30.00M	-8.16M	-8.17M
Financing Cash Flow	-21.80M	-27.63M	14.71M	-9.78M	-9.56M

Stelrad Group Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 167.50
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SRAD, the sentiment is Positive. The current price of 167.5 is below the 20-day moving average (MA) of 167.55, below the 50-day MA of 169.29, and above the 200-day MA of 145.05, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 49.93 is Neutral, neither overbought nor oversold. The STOCH value of 44.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SRAD.

Stelrad Group Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EPWN	77 Outperform	£160.51M	10.04	16.03%	4.32%	-6.20%	83.31%
SRAD	69 Neutral	£213.32M	42.30	9.50%	3.92%	-3.51%	-67.38%
GEN	69 Neutral	£840.25M	17.11	7.68%	3.03%	5.88%	107.36%
Sector *	64 Neutral	$10.84B	15.28	7.40%	1.99%	2.87%	-14.59%
ALU	64 Neutral	£114.48M	11.95	29.95%	3.38%	19.86%	19.09%
ECEL	62 Neutral	£135.73M	18.10	7.23%	3.96%	5.51%	-33.75%
NXR	54 Neutral	£229.37M	65.73	1.63%	4.08%	-6.12%	-86.98%

Stelrad Group Plc Corporate Events

Stelrad Group Appoints New Company Secretary

Stelrad Group plc has appointed Richard Johnston as its new Company Secretary, succeeding Computershare Company Secretarial Services Limited. Johnston, who joined the company in July 2025, brings over 15 years of experience in governance and compliance, ensuring a smooth transition and continued high-level governance for the company.

The most recent analyst rating on (GB:SRAD) stock is a Hold with a £174.00 price target. To see the full list of analyst forecasts on Stelrad Group Plc stock, see the GB:SRAD Stock Forecast page.

Stelrad Group Reports Resilient Interim Results Amid Market Challenges

Stelrad Group plc reported its interim results for the first half of 2025, highlighting a resilient financial performance despite a challenging market environment. The company maintained its market leadership with a 19.9% share in the European steel panel radiator market, excluding Russia, where it holds a 25.4% share. The group’s adjusted operating profit increased by 1.1% to £15.9 million, supported by margin management and currency gains, although revenue declined by 4.6% due to subdued demand in key markets. Despite these challenges, Stelrad increased its interim dividend by 2% and remains confident in its long-term growth prospects.

The most recent analyst rating on (GB:SRAD) stock is a Buy with a £2.00 price target. To see the full list of analyst forecasts on Stelrad Group Plc stock, see the GB:SRAD Stock Forecast page.

Moneta Asset Management Increases Stake in Stelrad Group PLC

Stelrad Group PLC, a UK-based company, has seen a change in its shareholder voting rights structure. Moneta Asset Management SAS, a French management company, has increased its voting rights in Stelrad Group to 5.139343% from a previous position of 4.264856%. This change reflects Moneta’s strategic interest in the company, potentially impacting Stelrad’s decision-making processes and stakeholder dynamics.

The most recent analyst rating on (GB:SRAD) stock is a Buy with a £2.00 price target. To see the full list of analyst forecasts on Stelrad Group Plc stock, see the GB:SRAD Stock Forecast page.

Stelrad Group Plc Director Purchases Shares, Signaling Confidence

Stelrad Group Plc announced a transaction involving the purchase of 2,515 ordinary shares by Katherine Innes Ker, a Non-Executive Director. The transaction, valued at £4,099.45, took place on the London Stock Exchange on 30 June 2025, reflecting a strategic investment by a key figure within the company, potentially signaling confidence in the company’s future performance.

The most recent analyst rating on (GB:SRAD) stock is a Buy with a £2.00 price target. To see the full list of analyst forecasts on Stelrad Group Plc stock, see the GB:SRAD Stock Forecast page.

Stelrad Group Plc Announces Change in Shareholder Structure

Stelrad Group Plc has announced a change in its shareholder structure, with Allianz Global Investors GmbH acquiring a 5.65% voting rights stake in the company. This acquisition could potentially influence the company’s strategic decisions and market positioning, impacting stakeholders and future operations.

The most recent analyst rating on (GB:SRAD) stock is a Buy with a £2.00 price target. To see the full list of analyst forecasts on Stelrad Group Plc stock, see the GB:SRAD Stock Forecast page.