Stelrad Group Plc (SRAD) AI Stock Analysis

• Market Cap: £179.57M
• Dividend Yield: 5.49%
• Average Volume (3M): 48.82K
• Price to Earnings (P/E): 10.9
• Beta (1Y): 0.44
• Revenue Growth: -5.72%
• EPS Growth: 7.10%
• Country: UK
• Employees: 1,405
• Sector: Industrials
• Sector Strength: 89
• Industry: Construction
• EPS (TTM): 0.13
• Shares Outstanding: 127,352,554
• 10 Day Avg. Volume: 122,636
• 30 Day Avg. Volume: 48,817
• PEG Ratio: 1.21
• Price to Book (P/B): 2.89
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.41
• 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

Stelrad Group Plc exhibits solid financial performance with strong profitability and cash flow management, although high leverage poses a risk. The technical indicators show positive price momentum, and the stock's valuation is attractive with a reasonable P/E ratio and high dividend yield. These strengths are slightly offset by inconsistent revenue growth and high debt levels.

Stelrad Group Plc Business Overview & Revenue Model

Company Description

Stelrad 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 Money

Stelrad 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

Overall, 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

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
	EBIT
31.39M	26.68M	25.70M	33.10M	19.52M
	EBITDA
42.31M	37.39M	24.20M	33.85M	27.20M
	Net Income Common Stockholders
16.52M	15.42M	4.31M	14.66M	8.70M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
18.63M	21.44M	22.64M	15.56M	20.07M
	Total Assets
220.88M	235.22M	262.40M	179.17M	155.53M
	Total Debt
85.54M	90.70M	100.03M	64.66M	89.13M
	Net Debt
66.91M	69.25M	77.39M	49.10M	69.06M
	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: 143.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 143 is above the 20-day moving average (MA) of 133.69, above the 50-day MA of 131.68, and above the 200-day MA of 136.76, indicating a bullish trend. The MACD of 1.99 indicates Negative momentum. The RSI at 64.09 is Neutral, neither overbought nor oversold. The STOCH value of 98.22 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EPWN	76 Outperform	£127.57M	7.83	16.03%	5.33%	-6.20%	83.31%
NXR	76 Outperform	£240.71M	27.02	4.25%	3.84%	-10.36%	-41.41%
SRAD	75 Outperform	£179.57M	10.95	29.29%	5.49%	-5.72%	7.10%
ECEL	73 Outperform	£145.56M	14.45	9.56%	4.25%	-1.81%	15.19%
GEN	70 Outperform	£1.00B	29.64	5.24%	3.10%	-4.30%	-13.09%
ALU	70 Outperform	£134.15M	14.11	29.95%	2.88%	19.86%	19.09%
Sector *	64 Neutral	$4.43B	12.01	5.15%	249.50%	3.98%	-11.60%

Stelrad Group Plc Corporate Events

Stelrad Group Plc Announces Change in Voting Rights

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.

Spark’s Take on GB:SRAD Stock

According to Spark, TipRanks’ AI Analyst, GB:SRAD is a Outperform.

Stelrad Group Plc’s overall score reflects a strong financial foundation with effective cost management and cash flow conversion. The company’s valuation is attractive, offering potential upside due to a low P/E ratio and high dividend yield. While technical analysis indicates mixed momentum signals, the stock’s fundamentals remain robust, driving a solid overall score.

To see Spark’s full report on GB:SRAD stock, click here.

Moneta Asset Management Increases Stake in Stelrad Group PLC

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.

Stelrad Group PLC Announces Changes in Voting Rights

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.

Stelrad Group Publishes 2024 Annual Report and Announces AGM

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.

Stelrad Group Publishes Annual Report and Announces AGM Details

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.

Stelrad Group Awards Shares to Executives Under Bonus Plan

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.

Stelrad Group PLC Announces Executive Share Awards Under Long Term Incentive Plan

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.