Weir Group PLC (The) (GB:WEIR)
LSE:WEIR
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Weir Group plc (The)
(LSE:WEIR)
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Rating:64Neutral
Price Target:
2,600.00 p
▼(-18.24% Downside)
Action:Downgraded
Date:03/06/26
The score is led by improving profitability and a constructive earnings outlook with margin expansion guidance, but is held back by elevated leverage/cash-flow consistency concerns and weak near-term technicals. Valuation also looks demanding for the current risk profile.
Positive Factors
Recurring aftermarket & software revenue
High-margin aftermarket sales and fast-growing, highly retained software ARR create durable, repeatable revenue streams. With 94% Micromine retention and 88% recurring revenue, the installed base drives predictable spare-parts and subscription cash flows that support margins and reduce cyclicality over years.
Negative Factors
Elevated post‑acquisition leverage
Leverage near 1.9x reduces financial flexibility and raises interest burden (guidance cites ~£90m net interest). While management plans deleveraging, elevated debt limits optionality for further M&A or counter-cyclical investment and increases execution risk if cash generation underperforms.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring aftermarket & software revenue
High-margin aftermarket sales and fast-growing, highly retained software ARR create durable, repeatable revenue streams. With 94% Micromine retention and 88% recurring revenue, the installed base drives predictable spare-parts and subscription cash flows that support margins and reduce cyclicality over years.
Read all positive factors
Weir Group plc (The) (WEIR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.26B
Dividend Yield1.26%
Average Volume (3M)1.08M
Price to Earnings (P/E)26.4
Beta (1Y)1.58
Revenue Growth2.35%
EPS Growth-20.96%
CountryUK
Employees11,444
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.96
Shares Outstanding259,612,060
10 Day Avg. Volume1,038,063
30 Day Avg. Volume1,075,191
Financial Highlights & Ratios
PEG Ratio-1.43
Price to Book (P/B)3.85
Price to Sales (P/S)2.86
P/FCF Ratio27.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£3,480.56Price Target Upside9.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)1.31
Revenue Forecast (FY)£2.76B
Weir Group plc (The) Business Overview & Revenue Model
Company Description
The Weir Group PLC is a global manufacturer and distributor of advanced, custom-engineered equipment. It operates through two primary divisions: Minerals and ESCO. The Minerals segment provides specialized machinery for handling slurry, along with...
How the Company Makes Money
Weir makes money mainly by selling mining-focused equipment and then generating recurring revenue through aftermarket products and services over the operating life of that equipment. Key revenue streams typically include: (1) Original equipment sa...
Weir Group plc (The) Earnings Call Summary
Earnings Call Date:Mar 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 04, 2026
Earnings Call Sentiment Positive
The call presents a strongly positive operational and financial performance: revenue and orders growth, 15% operating profit growth, margin expansion to 20.2%, successful strategic M&A and material emissions reductions. Weaknesses are manageable: temporary working capital build, higher leverage after acquisitions, one-off cash costs and a safety incidence uptick. Management has clear plans to delever, normalize working capital and continue Performance Excellence, so the positives notably outweigh the negatives.Positive Updates
Revenue Growth and Order Intake
Revenue increased 6% on a constant currency basis to GBP 2.6bn; orders rose 7% to GBP 2.6bn, supported by strong aftermarket demand and acquisitions.
Negative Updates
Working Capital and Inventory Build
Working capital as a percentage of sales rose by 170 basis points to 22.4% due to inventory buildup (safety stock related to site moves and tariff impacts); adjusted operating cash decreased by GBP 25m.
Read all updates
Q4-2025 Updates
Positive
Negative
Revenue Growth and Order Intake
Revenue increased 6% on a constant currency basis to GBP 2.6bn; orders rose 7% to GBP 2.6bn, supported by strong aftermarket demand and acquisitions.
Read all positive updates
Company Guidance
The company guided to another year of revenue and operating profit growth with 50 basis points of operating margin expansion (to roughly 20.7%), supported by mid‑single‑digit aftermarket growth and continued software acceleration (Micromine ARR +24% annualized); financial guidance included net interest cost of ~£90m, capex and lease spend around 1.3x depreciation, exceptional cash costs of £25–30m, an effective tax rate of 28%, and free operating cash conversion of 90–100%; management expects working capital to normalize toward a ~20% of sales target, to delever back to a net debt/EBITDA range of 0.5–1.5x by end‑2026 (from 1.9x post‑acquisitions), and reiterated an upgraded cumulative Performance Excellence savings target of £90m (£59m delivered to date).Weir Group plc (The) Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
63
Positive
Cash Flow
57
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.56B | 2.51B | 2.64B | 2.47B | 1.93B |
| Gross Profit | 1.03B | 1.02B | 994.90M | 909.70M | 692.10M |
| EBITDA | 594.10M | 519.00M | 489.50M | 420.70M | 362.80M |
| Net Income | 246.90M | 312.20M | 227.90M | 213.40M | 153.30M |
Balance Sheet | |||||
| Total Assets | 4.54B | 3.79B | 3.89B | 4.06B | 3.50B |
| Cash, Cash Equivalents and Short-Term Investments | 509.00M | 556.40M | 707.20M | 691.20M | 564.40M |
| Total Debt | 1.78B | 1.09B | 1.40B | 1.49B | 1.34B |
| Total Liabilities | 2.62B | 1.93B | 2.19B | 2.32B | 2.04B |
| Stockholders Equity | 1.91B | 1.84B | 1.69B | 1.73B | 1.44B |
Cash Flow | |||||
| Free Cash Flow | 263.20M | 377.40M | 307.60M | 215.50M | 61.00M |
| Operating Cash Flow | 323.20M | 449.90M | 394.30M | 278.20M | 113.80M |
| Investing Cash Flow | -863.30M | -52.80M | -70.60M | -75.60M | 191.90M |
| Financing Cash Flow | 549.20M | -301.90M | -322.50M | -253.90M | -171.70M |
Weir Group plc (The) Technical Analysis
Negative
3180.00
Price Trends
2616.95
Negative
2876.08
Negative
2843.76
Negative
Market Momentum
-37.84
Negative
47.17
Neutral
88.71
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WEIR, the sentiment is Negative. The current price of 3180 is above the 20-day moving average (MA) of 2412.50, above the 50-day MA of 2616.95, and above the 200-day MA of 2843.76, indicating a neutral trend. The MACD of -37.84 indicates Negative momentum. The RSI at 47.17 is Neutral, neither overbought nor oversold. The STOCH value of 88.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:WEIR.
Weir Group plc (The) Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £7.76B | 33.19 | 13.71% | 1.93% | -31.27% | -13.26% | |
71 Outperform | £1.22B | 31.10 | 33.12% | 1.01% | 24.42% | 103.25% | |
71 Outperform | £7.23B | 29.75 | 24.91% | 1.29% | 4.25% | 29.89% | |
67 Neutral | £2.56B | 22.64 | 20.10% | 2.04% | 3.03% | 13.76% | |
64 Neutral | £6.26B | 26.35 | 13.42% | 1.26% | 2.35% | -20.96% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | £5.20B | 32.10 | 13.86% | 2.46% | 2.26% | -14.63% |
* Industrials Sector Average
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Weir Group plc (The) Corporate Events
Regulatory Filings and Compliance
Weir Group Executives Increase Stakes Through Dividend Reinvestment
Positive
Jun 1, 2026
The Weir Group has disclosed a series of share purchases by senior executives under a dividend reinvestment arrangement administered through Computershare Investor Services. Chief executive Jon Stanton, along with division president Kristen Walsh ...
Regulatory Filings and Compliance
Weir Group Discloses Executive Share Sale to Cover Tax Obligations
Neutral
May 11, 2026
The Weir Group PLC reported that division president Kristen Walsh, a person discharging managerial responsibilities, sold a portion of her ordinary shares on 30 April 2026. The sale was executed on the London Stock Exchange’s Main Market and...
Regulatory Filings and Compliance
Weir Group CEO Jon Stanton Transfers Shares Between Nominee Accounts
Neutral
May 8, 2026
The Weir Group PLC reported an administrative transfer of shares held by its Chief Executive Officer, Jon Stanton, between nominee account providers. The move involved shifting 42,203 ordinary shares from Computershare Investor Services PLC to JP ...
Stock BuybackDividendsShareholder Meetings
Weir Group Shareholders Back All Resolutions at 2026 AGM
Positive
Apr 30, 2026
The Weir Group PLC reported the results of its 2026 Annual General Meeting, confirming that all resolutions put to shareholders were passed on a poll. Votes covered routine business such as receiving the financial statements, approving the final d...
Business Operations and StrategyExecutive/Board Changes
Weir Group Names Minerals Chief Andrew Neilson as Next CEO
Positive
Apr 30, 2026
The Weir Group has announced a planned leadership transition in which Minerals Division President Andrew Neilson will succeed Jon Stanton as Chief Executive Officer on 1 August 2026, following Neilson’s election to the Board and period as CE...
Business Operations and StrategyFinancial Disclosures
Weir Group lifts Q1 orders, keeps 2026 guidance as mining projects accelerate
Positive
Apr 30, 2026
Weir Group reported a 4% year-on-year rise in first-quarter orders on a constant-currency basis, driven by robust mine optimisation and expansion activity and strong demand for ESCO mining buckets and ground engaging tools. Original equipment orde...
Business Operations and StrategyFinancial Disclosures
Weir Group posts Q1 order growth and reaffirms 2026 outlook
Positive
Apr 30, 2026
Weir Group reported a 4% year-on-year rise in first-quarter orders on a constant currency basis, supported by strong mine optimisation and expansion demand, and reiterated its 2026 guidance for growth in revenue, operating profit and margins. Orig...
Executive/Board ChangesRegulatory Filings and Compliance
Weir Group Discloses Vesting of 2023 Share Awards to Division President
Neutral
Apr 21, 2026
The Weir Group PLC has reported the vesting and release of restricted share awards granted in 2023 under its Share Reward Plan to Division President Kristen Walsh. The awards, which vested on 18 April 2026 and were delivered on 20 April 2026, incl...
Executive/Board ChangesRegulatory Filings and Compliance
Weir Group Executives Receive Vested Share Awards and Sell Portions to Cover Tax
Neutral
Apr 21, 2026
The Weir Group PLC reported that deferred bonus awards granted in 2023 under its Share Reward Plan vested on 18 April 2026 and were released on 20 April 2026 to several senior executives, including CEO Jon Stanton and other PDMRs. The awards compr...
Executive/Board ChangesRegulatory Filings and Compliance
Weir Group Executives Receive Vested Share Awards Under 2023 Incentive Plan
Neutral
Apr 21, 2026
The Weir Group PLC reported that restricted share awards granted in 2023 under its Share Reward Plan vested on 18 April 2026 and were released to several senior executives on 20 April, including CEO Jon Stanton and division presidents. The awards ...
Regulatory Filings and Compliance
Weir Group Reports Administrative Transfer of Stanton Family Shareholding
Neutral
Apr 15, 2026
The Weir Group PLC has disclosed a managerial-related share transaction involving Rachel Stanton, who is a person closely associated with Jon Stanton, a person discharging managerial responsibilities at the company. The announcement forms part of ...
Business Operations and StrategyExecutive/Board Changes
Weir Group grants deferred share bonus to division president
Positive
Apr 14, 2026
The Weir Group PLC has disclosed that Division President Kristen Walsh received a grant of deferred bonus awards in the form of ordinary shares under the company’s Share Reward Plan. The award, comprising 2,261 nil-cost shares, is scheduled ...
Business Operations and StrategyExecutive/Board Changes
Weir Group Awards Long-Term Restricted Shares to Senior Executives
Positive
Apr 14, 2026
The Weir Group has granted restricted share awards to several senior executives, including its chief executive, chief financial officer and other PDMRs, under the Weir Group Share Reward Plan. The awards, granted for nil consideration and not subj...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Weir Group executives receive final 2021 share awards with two‑year lock‑in
Neutral
Apr 9, 2026
The Weir Group has reported that the final tranche of restricted share awards granted in 2021 under its Share Reward Plan vested on 8 April 2026 for several senior executives, including CEO Jon Stanton and other PDMRs. Following vesting, part of e...
Business Operations and StrategyExecutive/Board Changes
Weir Group strengthens board with industrial software veteran Ravi Gopinath
Positive
Apr 2, 2026
The Weir Group PLC has appointed Ravi Gopinath as an independent non-executive director, effective after its AGM on 30 April 2026, with roles on the Audit and Safety, Sustainability and Technology Committees. Gopinath brings extensive senior leade...
Executive/Board ChangesRegulatory Filings and Compliance
Weir Group CFO Puffer Receives Vested Share Awards and Sells Portion to Cover Tax
Neutral
Mar 31, 2026
The Weir Group PLC has disclosed a routine management share transaction involving Chief Financial Officer Brian Puffer under its Share Reward Plan. The restricted share awards, originally granted in 2024 to compensate him for forfeited incentives ...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Weir Group Publishes 2025 Annual Report and Sets Date for 2026 AGM
Neutral
Mar 23, 2026
Weir Group PLC has published its 2025 Annual Report and Financial Statements, alongside the formal Notice of its 2026 Annual General Meeting and proxy form, making all documents available to shareholders via the UK’s National Storage Mechani...
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.