Stelrad Group Plc (SRAD) AI Stock Analysis

• Market Cap: £175.11M
• Dividend Yield: 4.39%
• Average Volume (3M): 128.61K
• Price to Earnings (P/E): 34.7
• Beta (1Y): 0.30
• Revenue Growth: -3.51%
• EPS Growth: -67.38%
• Country: UK
• Employees: 1,405
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 0.06
• Shares Outstanding: 127,352,554
• 10 Day Avg. Volume: 74,892
• 30 Day Avg. Volume: 128,609
• PEG Ratio: 1.25
• Price to Book (P/B): 3.00
• Price to Sales (P/S): 0.59
• P/FCF Ratio: 8.83
• 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: £190.00
• Price Target Upside: 37.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: 145.00p ▲(5.07% Upside)

Stelrad Group Plc's overall score reflects strong financial performance and positive corporate events, offset by bearish technical indicators and a high P/E ratio. The company's effective cost management and cash flow generation are significant strengths, while current market momentum and valuation present challenges.

Positive Factors

Cash Flow Management

Strong free cash flow growth indicates effective capital management, providing the company with flexibility for reinvestment and debt reduction, enhancing long-term financial stability.

Profitability

Stable and improving margins suggest operational efficiency and effective cost control, supporting sustainable profitability and competitive positioning in the market.

Product Innovation

Commitment to innovation ensures product offerings remain competitive and aligned with market trends, fostering long-term growth and customer retention.

Negative Factors

Revenue Growth

Inconsistent revenue growth can indicate challenges in market expansion or product demand, potentially impacting long-term growth prospects and investor confidence.

High Leverage

High leverage increases financial risk, potentially limiting the company's ability to invest in growth opportunities and affecting its resilience to economic downturns.

EPS Growth

A significant decline in EPS growth suggests potential profitability challenges, which could affect investor sentiment and the company's ability to reinvest in its operations.

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, although revenue growth has been inconsistent. High leverage poses potential risks, but effective cost control and strong free cash flow growth are positive indicators.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	283.94M	290.58M	308.19M	316.31M	272.29M	196.56M
Gross Profit	85.05M	88.96M	86.85M	80.07M	80.01M	57.19M
EBITDA	38.67M	42.31M	37.39M	24.20M	33.85M	27.20M
Net Income	5.05M	16.52M	15.42M	4.31M	14.66M	8.70M
Balance Sheet
Total Assets	217.35M	220.88M	235.22M	262.40M	179.17M	155.53M
Cash, Cash Equivalents and Short-Term Investments	17.57M	18.63M	21.44M	22.64M	15.56M	20.07M
Total Debt	90.22M	85.54M	90.70M	100.03M	64.66M	89.13M
Total Liabilities	166.03M	163.29M	180.02M	210.95M	152.25M	146.15M
Stockholders Equity	51.32M	57.59M	55.20M	51.45M	26.91M	9.39M
Cash Flow
Free Cash Flow	15.55M	19.55M	26.48M	13.49M	12.81M	17.60M
Operating Cash Flow	22.18M	25.41M	33.57M	23.33M	21.45M	26.24M
Investing Cash Flow	-6.52M	-5.62M	-6.74M	-30.00M	-8.16M	-8.17M
Financing Cash Flow	-14.43M	-21.80M	-27.63M	14.71M	-9.78M	-9.56M

Stelrad Group Plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 138.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 138 is below the 20-day moving average (MA) of 143.07, below the 50-day MA of 149.43, and below the 200-day MA of 151.66, indicating a bearish trend. The MACD of -2.91 indicates Positive momentum. The RSI at 40.69 is Neutral, neither overbought nor oversold. The STOCH value of 35.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SRAD.

Stelrad Group Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NXR	74 Outperform	£285.14M	22.53	10.01%	3.48%	-3.93%	41.83%
GEN	71 Outperform	£821.58M	16.73	7.68%	3.19%	5.88%	107.36%
ECEL	70 Neutral	£129.25M	17.49	7.23%	3.97%	5.51%	-33.75%
ALU	66 Neutral	£91.22M	9.83	25.06%	4.63%	12.60%	6.64%
SRAD	65 Neutral	£175.11M	34.72	9.50%	4.39%	-3.51%	-67.38%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Stelrad Group Plc Corporate Events

Stelrad Group Secures Improved Refinancing Deal

Stelrad Group plc has successfully refinanced its £100 million multicurrency facility agreement, which was set to mature in November 2026, under improved terms. The renewed facility, which includes an option to extend for two additional years and an accordion feature for an extra £20 million, will enhance the company’s liquidity for working capital and investment, supporting its capital allocation policy and anticipated improvement in debt leverage ratio.

The most recent analyst rating on (GB:SRAD) stock is a Hold with a £145.00 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 Resilience Amid Market Challenges

Stelrad Group plc reported a subdued market environment for the 10 months ending October 2025, with lower revenues due to economic uncertainty. Despite this, the company expects an increase in adjusted operating profit and operating margin growth, driven by proactive margin management and cost reduction strategies. The company is also restructuring its Turkish business to enhance future operational margins and has relaunched its website, which has seen strong customer engagement. Stelrad remains confident in its long-term growth plans and ability to deliver value to stakeholders.

The most recent analyst rating on (GB:SRAD) stock is a Hold with a £175.00 price target. To see the full list of analyst forecasts on Stelrad Group Plc stock, see the GB:SRAD Stock Forecast page.