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Weir Group
(OTC:WEGRY)
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Rating:64Neutral
Price Target:
$19.50
▲(11.88% Upside)
Action:Reiterated
Date:07/30/26
Overall score reflects solid improving operating profitability and positive free cash flow, supported by a constructive earnings outlook (reiterated guidance and strong order book). The score is held back by higher leverage and weaker recent cash-flow momentum, plus only moderate technical strength (still below the 200-day average) and a relatively high P/E with a modest dividend yield.
Positive Factors
Recurring aftermarket & order book
Consistent aftermarket order growth and a book-to-bill >1 indicate durable installed-base demand and revenue visibility. Recurring parts, consumables and services smooth cyclicality from OE, supporting predictable margins and long-term cash generation from an entrenched customer base.
Negative Factors
Elevated leverage
A material step-up in leverage reduces financial flexibility and raises interest‑cost sensitivity. Higher debt levels following transactions increase covenant and refinancing risk, limiting the firm's ability to invest in growth or absorb demand shocks until deleveraging resumes.
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Positive Factors
Negative Factors
Recurring aftermarket & order book
Consistent aftermarket order growth and a book-to-bill >1 indicate durable installed-base demand and revenue visibility. Recurring parts, consumables and services smooth cyclicality from OE, supporting predictable margins and long-term cash generation from an entrenched customer base.
Read all positive factors
Weir Group (WEGRY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.17B
Dividend Yield1.53%
Average Volume (3M)21.57K
Price to Earnings (P/E)25.8
Beta (1Y)1.02
Revenue Growth9.80%
EPS Growth-11.39%
CountryUS
Employees11,444
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.48
Shares Outstanding519,224,100
10 Day Avg. Volume1,141
30 Day Avg. Volume21,570
Financial Highlights & Ratios
PEG Ratio-1.35
Price to Book (P/B)3.96
Price to Sales (P/S)3.00
P/FCF Ratio29.23
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Weir Group Business Overview & Revenue Model
Company Description
The Weir Group PLC is a global enterprise specializing in the manufacturing and distribution of sophisticated, custom-engineered equipment. Its operations are organized into two primary divisions: Minerals and ESCO. The Minerals division furnishes...
How the Company Makes Money
Weir primarily makes money by selling engineered equipment and by generating recurring aftermarket revenue tied to the installed base of its products in operating mines. Key revenue streams include: (1) Original equipment sales: upfront revenue fr...
Weir Group Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 03, 2027
Earnings Call Sentiment Positive
The call presents a predominately positive outlook: H1 order momentum (orders +8% CC, OE +10%), a strong H2 order book (book-to-bill 1.12), product and software wins, and clear targets to recover margins (>20% FY) and cash conversion (90%–100% FY). Near-term challenges include production transfer disruptions that deferred deliveries and pressured H1 margins and cash (free operating cash conversion 41%), elevated net debt/EBITDA (2.2x) and modest pricing pressure. Management expects these H1 effects to reverse in H2, supporting full-year guidance.Positive Updates
Strong Order Growth and Book-to-Bill
Orders grew 8% year-on-year on a constant currency basis; original equipment (OE) orders +10% and aftermarket orders +8%. Q2 aftermarket organic orders in Minerals were up 8% year-on-year. Book-to-bill was 1.12 and the order book increased by circa GBP 150m in H1.
Negative Updates
Production Transfers and Deferred Deliveries
Late-2025 and early-2026 production relocations (rubber parts to Malaysia/India, castings to Americas/Africa) plus unusual demand patterns in Q1/early Q2 caused production replans, deferred deliveries into H2 and added operational complexity.
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Q2-2026 Updates
Positive
Negative
Strong Order Growth and Book-to-Bill
Orders grew 8% year-on-year on a constant currency basis; original equipment (OE) orders +10% and aftermarket orders +8%. Q2 aftermarket organic orders in Minerals were up 8% year-on-year. Book-to-bill was 1.12 and the order book increased by circa GBP 150m in H1.
Read all positive updates
Company Guidance
The company reiterated full‑year guidance to deliver constant‑currency growth in revenue, operating profit and margins, targeting operating margins sustainably above 20% (H1 was 18.8%, down 100bps) and confirming the GBP 90m cumulative Performance Excellence savings target; it expects free operating cash conversion of 90–100% for the full year (versus 41% in H1), net debt/EBITDA (currently 2.2x) to move back toward the 0.5–1.5x covenant range by year‑end, Micromine ARR growth of >25% for 2026, and proposed an interim dividend of 20p (up 2%), supported by a strong order book (book‑to‑bill 1.12 and H1 order book up ~GBP 150m).Weir Group Financial Statement Overview
Summary
Income Statement
77
Positive
Balance Sheet
58
Neutral
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.51B | 2.51B | 2.64B | 2.47B | 1.93B |
| Gross Profit | 1.01B | 1.02B | 994.90M | 873.90M | 692.00M |
| EBITDA | 581.08M | 519.00M | 489.50M | 422.80M | 361.90M |
| Net Income | 241.49M | 312.20M | 227.90M | 213.40M | 258.50M |
Balance Sheet | |||||
| Total Assets | 4.53B | 3.79B | 3.89B | 4.06B | 3.50B |
| Cash, Cash Equivalents and Short-Term Investments | 508.11M | 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 | 1.90B | 1.84B | 1.69B | 1.73B | 1.44B |
Cash Flow | |||||
| Free Cash Flow | 257.43M | 377.40M | 307.60M | 264.70M | 103.30M |
| Operating Cash Flow | 316.12M | 449.90M | 394.30M | 320.80M | 156.10M |
| Investing Cash Flow | -844.38M | -52.80M | -70.60M | -68.30M | 195.20M |
| Financing Cash Flow | 537.16M | -301.90M | -322.50M | -303.80M | -217.30M |
Weir Group Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $10.92B | 24.93 | 28.13% | 1.31% | 4.44% | 25.08% | |
69 Neutral | $11.00B | 38.06 | 12.67% | ― | 20.63% | 27.00% | |
65 Neutral | $9.66B | 26.39 | 16.63% | 1.19% | -0.26% | 29.38% | |
65 Neutral | $6.04B | -15.79 | -14.35% | ― | -4.89% | -179.82% | |
64 Neutral | $9.17B | 25.84 | 13.45% | 1.56% | 9.80% | -11.39% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $11.60B | 44.70 | 9.54% | ― | 0.61% | -27.77% |
* Industrials Sector Average
WEGRY
Weir Group
17.74
1.42
8.74%
DCI
Donaldson Company
94.24
23.57
33.35%
FLS
Flowserve
75.99
22.91
43.15%
GNRC
Generac Holdings
197.11
0.68
0.35%
SPXC
SPX
219.62
18.64
9.27%
MIDD
The Middleby
133.58
19.51
17.10%
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.