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Stelrad Group Plc (GB:SRAD)
:SRAD

Stelrad Group Plc (SRAD) AI Stock Analysis

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Stelrad Group Plc

(LSE:SRAD)

Rating:78Outperform
Price Target:
162.00p
▲(10.96%Upside)
Stelrad Group Plc's solid financial performance and attractive valuation are the key drivers of its favorable score. The company's technical indicators suggest continued bullish momentum, while the absence of earnings call data limits further insights. Strong corporate events bolster stakeholder confidence, enhancing the company's prospects.

Stelrad Group Plc (SRAD) vs. iShares MSCI United Kingdom ETF (EWC)

Stelrad Group Plc Business Overview & Revenue Model

Company DescriptionStelrad Group Plc (SRAD) is a leading manufacturer and distributor of steel panel radiators primarily serving the residential and commercial heating markets. The company operates across several regions including the UK, Europe, and Turkey, offering a wide range of heating solutions designed to meet various customer needs. Stelrad is known for its commitment to innovation, quality, and sustainability in its product offerings.
How the Company Makes MoneyStelrad Group Plc generates revenue primarily through the manufacturing and sale of steel panel radiators. The company sells its products to a diverse set of customers including wholesalers, distributors, and installers, who then supply these products to end-users in residential and commercial settings. Stelrad's revenue model is largely driven by the demand for energy-efficient heating solutions, underpinned by regulatory changes and sustainability trends. Additionally, Stelrad benefits from strategic partnerships with key players in the construction and building industry, which help in expanding its market reach and customer base.

Stelrad Group Plc Financial Statement Overview

Summary
Stelrad Group Plc exhibits solid financial health with strong profitability and cash flow management. While there is potential risk from high leverage, the company effectively manages its operations to generate consistent returns.
Income Statement
78
Positive
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
70
Positive
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
82
Very Positive
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 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
290.58M308.19M316.31M272.29M196.56M
Gross Profit
88.96M86.85M80.07M80.01M57.19M
EBIT
31.39M26.68M25.70M33.10M19.52M
EBITDA
42.31M37.39M24.20M33.85M27.20M
Net Income Common Stockholders
16.52M15.42M4.31M14.66M8.70M
Balance SheetCash, Cash Equivalents and Short-Term Investments
18.63M21.44M22.64M15.56M20.07M
Total Assets
220.88M235.22M262.40M179.17M155.53M
Total Debt
85.54M90.70M100.03M64.66M89.13M
Net Debt
66.91M69.25M77.39M49.10M69.06M
Total Liabilities
163.29M180.02M210.95M152.25M146.15M
Stockholders Equity
57.59M55.20M51.45M26.91M9.39M
Cash FlowFree Cash Flow
19.45M26.48M13.49M12.81M17.60M
Operating Cash Flow
25.41M33.57M23.33M21.45M26.24M
Investing Cash Flow
-5.62M-6.74M-30.00M-8.16M-8.17M
Financing Cash Flow
-21.80M-27.63M14.71M-9.78M-9.56M

Stelrad Group Plc Technical Analysis

Technical Analysis Sentiment
Positive
Last Price146.00
Price Trends
50DMA
135.61
Positive
100DMA
135.18
Positive
200DMA
137.40
Positive
Market Momentum
MACD
2.78
Negative
RSI
59.37
Neutral
STOCH
91.67
Negative
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 146 is above the 20-day moving average (MA) of 141.78, above the 50-day MA of 135.61, and above the 200-day MA of 137.40, indicating a bullish trend. The MACD of 2.78 indicates Negative momentum. The RSI at 59.37 is Neutral, neither overbought nor oversold. The STOCH value of 91.67 is Negative, 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

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
£139.68M8.7716.03%4.95%-6.20%83.31%
78
Outperform
£185.93M11.2629.29%5.33%-5.72%7.10%
GBALU
77
Outperform
£134.15M14.1129.95%2.88%19.86%19.09%
GBNXR
76
Outperform
£247.00M27.724.25%3.75%-10.36%-41.41%
75
Outperform
£159.41M15.929.56%3.84%-1.81%15.19%
GBGEN
73
Outperform
£975.93M29.085.24%3.16%-4.30%-13.09%
66
Neutral
$4.50B12.295.40%248.66%4.13%-12.33%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:SRAD
Stelrad Group Plc
146.00
33.87
30.21%
GB:EPWN
Epwin Group plc
106.50
16.90
18.86%
GB:GEN
Genuit Group
395.50
-27.55
-6.51%
GB:ALU
Alumasc
380.00
194.71
105.08%
GB:NXR
Norcros
268.00
70.78
35.89%
GB:ECEL
Eurocell
159.00
30.69
23.92%

Stelrad Group Plc Corporate Events

Other
Stelrad Group PLC Director Purchases Shares, Signaling Confidence
Positive
May 23, 2025

Stelrad Group PLC announced a transaction involving Nicola Bruce, a Non-Executive Director, who purchased 7,400 ordinary shares at £1.432 each, totaling £10,596.80. This transaction, conducted on the London Stock Exchange, reflects insider confidence and may influence stakeholder perceptions positively regarding the company’s future prospects.

Business Operations and Strategy
Stelrad Group Enhances Brokerage Team with New Appointment
Positive
May 23, 2025

Stelrad Group plc has announced the appointment of Singer Capital Markets as a joint corporate broker alongside Investec Bank plc. This strategic move is expected to enhance the company’s market positioning and potentially impact its operations positively by leveraging the expertise of both brokers.

Executive/Board ChangesShareholder MeetingsDividendsBusiness Operations and Strategy
Stelrad Group PLC Secures Shareholder Approval for AGM Resolutions
Positive
May 21, 2025

Stelrad Group PLC announced that all proposed resolutions at its Annual General Meeting on May 21, 2025, were passed. Key resolutions included the approval of the company’s annual report, directors’ remuneration, and the election or re-election of several directors. Additionally, the company declared a final dividend and authorized various corporate actions, such as share allotment and purchase. This successful AGM reflects strong shareholder support and positions Stelrad for continued operational stability and strategic growth.

Executive/Board ChangesShareholder MeetingsDividends
Stelrad Group Plc Announces Successful AGM Resolutions
Positive
May 21, 2025

Stelrad Group Plc announced the successful passing of all proposed resolutions at its Annual General Meeting held on May 21, 2025. Key resolutions included the approval of the company’s annual report, directors’ remuneration report, and the declaration of a final dividend. The re-election of several directors and the appointment of a new director were also confirmed, alongside the re-appointment of PricewaterhouseCoopers LLP as auditors. These decisions reflect a strong shareholder support and are likely to positively impact the company’s governance and operational strategies.

Business Operations and StrategyRegulatory Filings and Compliance
Stelrad Group Plc Announces Change in Voting Rights
Neutral
May 1, 2025

Stelrad Group Plc has announced a change in its voting rights structure following Premier Miton Group plc’s acquisition of additional shares, increasing its voting rights from 4.57% to 5.11%. This development may impact the company’s shareholder dynamics and influence its strategic decisions moving forward.

Business Operations and Strategy
Moneta Asset Management Increases Stake in Stelrad Group PLC
Neutral
Apr 7, 2025

Stelrad Group PLC, a UK-based company, has announced a change in its major holdings due to Moneta Asset Management SAS acquiring additional voting rights. Moneta Asset Management, an independent management company based in France, has increased its voting rights in Stelrad Group from 3.85% to 4.26%, reflecting a strategic move that could influence the company’s governance and decision-making processes.

Business Operations and StrategyRegulatory Filings and Compliance
Stelrad Group PLC Announces Changes in Voting Rights
Neutral
Apr 1, 2025

Stelrad Group PLC, a UK-based company, has announced a change in its voting rights structure following an acquisition or disposal of voting rights by Moneta Asset Management SAS, a French independent management company. Moneta Asset Management now holds 3.85% of the voting rights in Stelrad Group, with the transaction completed on March 28, 2025. This adjustment in voting rights is part of Moneta’s strategy to manage its holdings in the best interest of the UCI(s) it oversees, without external influence.

Shareholder MeetingsFinancial Disclosures
Stelrad Group Publishes 2024 Annual Report and Announces AGM
Positive
Mar 26, 2025

Stelrad Group plc has published its Annual Report and Financial Statements for the year ended 31 December 2024, along with the Notice of its Annual General Meeting (AGM) scheduled for 21 May 2025. The AGM will be held in London, where shareholders can engage with the company’s directors and vote on resolutions. This announcement reflects Stelrad’s commitment to transparency and shareholder engagement, potentially impacting its market positioning and stakeholder relations positively.

Shareholder MeetingsFinancial Disclosures
Stelrad Group Publishes Annual Report and Announces AGM Details
Neutral
Mar 26, 2025

Stelrad Group plc has published its Annual Report and Financial Statements for the year ending 31 December 2024, along with the Notice of its Annual General Meeting (AGM), which will be held on 21 May 2025 in London. The company invites shareholders to attend the AGM in person, where they can engage with the Directors and participate in voting. The results of the AGM will be shared with the London Stock Exchange and made available on Stelrad’s investor website, reflecting the company’s commitment to transparency and shareholder engagement.

Executive/Board Changes
Stelrad Group Awards Shares to Executives Under Bonus Plan
Neutral
Mar 17, 2025

Stelrad Group PLC announced the granting of conditional rights to acquire ordinary shares to its Executive Directors under the Stelrad Deferred Share Bonus Plan. This move, which involves shares awarded to CEO Trevor Harvey and CFO Leigh Wilcox, reflects bonuses earned for the 2024 financial year and is set to vest in two years, potentially impacting executive retention and aligning management interests with shareholder value.

Executive/Board Changes
Stelrad Group PLC Announces Executive Share Awards Under Long Term Incentive Plan
Neutral
Mar 17, 2025

Stelrad Group PLC has announced the granting of conditional rights to acquire ordinary shares to its Executive Directors under its Long Term Incentive Plan. The awards, given to CEO Trevor Harvey and CFO Leigh Wilcox, are contingent on meeting specific performance targets over a three-year period, reflecting the company’s efforts to align executive compensation with long-term performance goals.

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.