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:
2,844.00 p
▼(-1.46% Downside)
Action:DowngradedDate: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 revenue
Consistent mid-single-digit aftermarket growth drives recurring, high-margin sales and supports predictable cash flows. A large installed base with steady consumable demand reduces cyclicality from new-equipment cycles and underpins durable revenue and margin resilience over the next 2–6 months.
Negative Factors
Elevated leverage post-acquisitions
A sharp rise in leverage to ~1.9x reduces financial flexibility and increases interest expense risk (guidance cites ~£90m net interest). Although management targets deleveraging to 0.5–1.5x, higher debt limits capacity for opportunistic investment and amplifies execution risk until net debt falls.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring aftermarket revenue
Consistent mid-single-digit aftermarket growth drives recurring, high-margin sales and supports predictable cash flows. A large installed base with steady consumable demand reduces cyclicality from new-equipment cycles and underpins durable revenue and margin resilience over the next 2–6 months.
Read all positive factors
Weir Group plc (The) (WEIR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£7.43B
Dividend Yield1.26%
Average Volume (3M)1.08M
Price to Earnings (P/E)29.7
Beta (1Y)1.51
Revenue Growth-1.97%
EPS Growth40.55%
CountryUK
Employees11,444
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.65
Shares Outstanding259,612,060
10 Day Avg. Volume1,038,063
30 Day Avg. Volume1,075,191
Financial Highlights & Ratios
PEG Ratio-1.44
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
£3,586.44Price Target Upside24.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)1.36
Revenue Forecast (FY)£2.79B
Weir Group plc (The) Business Overview & Revenue Model
Company Description
The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive hi...
How the Company Makes Money
Weir primarily makes money by selling mining equipment and by supporting that equipment over its operating life through aftermarket products and services. Key revenue streams include: (1) Original equipment and engineered systems: revenue from the...
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
Positive
2886.00
Price Trends
3170.88
Negative
3027.68
Negative
2830.61
Positive
Market Momentum
-98.43
Negative
45.88
Neutral
83.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WEIR, the sentiment is Positive. The current price of 2886 is above the 20-day moving average (MA) of 2852.60, below the 50-day MA of 3170.88, and above the 200-day MA of 2830.61, indicating a neutral trend. The MACD of -98.43 indicates Negative momentum. The RSI at 45.88 is Neutral, neither overbought nor oversold. The STOCH value of 83.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | £6.31B | 20.02 | 24.91% | 1.29% | -0.32% | -3.96% | |
71 Outperform | £916.17M | 15.43 | 33.12% | 1.01% | 24.42% | 103.25% | |
67 Neutral | £2.62B | 23.57 | 20.10% | 2.04% | 1.93% | -15.07% | |
64 Neutral | £7.22B | 15.58 | 13.46% | 1.93% | -6.93% | 18.57% | |
64 Neutral | £7.43B | 29.74 | 13.42% | 1.26% | -1.97% | 40.55% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | £5.08B | 30.76 | 13.86% | 2.46% | 0.10% | -15.33% |
* Industrials Sector Average
GB:WEIR
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Weir Group plc (The) Corporate Events
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...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Weir Group Discloses Jon Stanton’s Exit from Imperial Brands Board
Neutral
Mar 10, 2026
The Weir Group PLC has announced a change in external board commitments for its chief executive, Jon Stanton, who has stepped down as a director of Imperial Brands PLC with effect from 10 March 2026. The move may slightly reduce Stanton’s no...
Executive/Board ChangesRegulatory Filings and Compliance
Weir Group CFO Receives Vested Share Awards and Sells Portion to Cover Tax
Neutral
Mar 4, 2026
The Weir Group PLC disclosed that restricted share awards granted in 2024 to Chief Financial Officer Brian Puffer under its Share Reward Plan vested on 27 February 2026, with shares released on 4 March 2026 along with additional dividend equivalen...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Weir Group lifts margins and accelerates digital mining push on strong 2025
Positive
Mar 4, 2026
Weir Group reported a robust 2025 performance, with constant-currency orders up 7%, revenue up 6% and adjusted operating profit rising 15%, lifting margins to just over 20%. Growth was driven by strong aftermarket demand, expanding mining activity...
Business Operations and StrategyM&A Transactions
Weir Group Takes Full Control of Chilean Mining Tools JV ESEL
Positive
Mar 3, 2026
Weir Group has completed the acquisition of the remaining 50% of its Chile-based joint venture, ESCO Elecmetal Fundición Limitada, giving it full ownership of the manufacturer of high-quality ground engaging tools. The business will be integr...
Business Operations and Strategy
Weir Group Retains Top CDP Climate Score and Updates Net Zero Transition Plan
Positive
Jan 26, 2026
Weir Group has received an ‘A’ score for climate transparency from CDP for the fourth consecutive year, underscoring its leadership in emissions reduction, climate risk management, and governance as it supports mining customers in scal...
Business Operations and Strategy
Weir and Olayan Seal Joint Venture to Target Saudi Arabia’s Expanding Mining Sector
Positive
Jan 14, 2026
The Weir Group PLC and Olayan Saudi Holding Company have signed a shareholders’ agreement to create a joint venture in Saudi Arabia to supply advanced mining technology and integrated solutions to the kingdom’s fast-growing mining sect...
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.