BODYCOTE PLC ORD GBP0.1727272
Symbol: BOY
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Company
Business Summary
Bodycote plc is a provider of heat treatment and thermal processing services. The Company's segments include Aerospace, Defense & Energy (ADE) and Automotive & General Industrial (AGI) business areas, which include ADE- Western Europe; ADE- North America; ADE-Emerging Markets; AGI-Western Europe; AGI-North America, and AGI-Emerging Markets. Its heat treatment processes include case hardening, tempering, solution and aging treatment, specialty stainless steel processes (S3P), annealing and normalizing. Its metal joining includes specialized processes such as electron beam welding, vacuum welding and honeycomb brazing. The Company’s surface technology products and services range from coating services, coating and application development, specialist coating sealing technologies, complete manufacture, and the supply of coating materials and technology transfer. The Hot Isostatic Pressing (HIP) services include Powdermet technologies, isostatic pressing services and HIP supporting services.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2024, Bodycote PLC revenues decreased 6% to £757.1M. Net income decreased 77% to £20M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Other operating income decrease of 23% to £9.7M (income), Net impairment losses on financial asset increase from £200K to £2.4M (expense). Dividend per share remained flat at £0.23.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
---|---|---|---|---|---|---|
Total Revenue | 757.10 | 802.50 | 743.60 | 615.80 | 598.00 | 719.70 |
Gross profit | 296.70 | 301.90 | 269.50 | 234.50 | 192.40 | 267.40 |
Operating Profit/Loss | 37.90 | 119.20 | 102.00 | 83.80 | 5.00 | 128.60 |
Profit Before Tax | 28.40 | 111.70 | 95.30 | 77.50 | -1.50 | 123.90 |
Profit After Tax | 20.70 | 86.80 | 74.30 | 60.00 | 0.80 | 94.00 |
Equity Holders of Parent Company | 20.00 | 85.60 | 73.70 | 59.50 | 0.40 | 93.80 |
Minority Interest | 1.10 | 0.30 | 0.50 | 0.20 | 0.50 | 0.60 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 868.80 | 900.00 | 923.60 | 872.70 | 923.70 | 831.70 |
Total Current Assets | 198.60 | 236.70 | 244.10 | 197.10 | 186.30 | 195.40 |
Total Assets | 1,067.40 | 1,136.70 | 1,167.70 | 1,069.80 | 1,110.00 | 1,027.10 |
Total Liabilities | 397.50 | 344.40 | 385.70 | 384.40 | 428.60 | 321.30 |
Total Net Assets | 669.90 | 792.30 | 782.00 | 685.40 | 681.40 | 705.80 |
Shareholders Funds | 668.10 | 790.80 | 780.90 | 684.70 | 680.50 | 705.00 |
Minority Interests | 1.10 | 0.30 | 0.50 | 0.20 | 0.50 | 0.60 |
Total Equity | 669.90 | 792.30 | 782.00 | 685.40 | 681.40 | 705.80 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy6 |
Buy1 |
Neutral3 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 6 | 1 | 3 | 0 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2025 | 2026 | 2027 |
---|---|---|---|
Revenue | £725.45mn | £739.53mn | £750.90mn |
Pre-tax-Profit | £111.98mn | £130.86mn | £141.20mn |
EPS | £0.47p | £0.52p | £0.57p |
EPS Growth | -3.78% | 11.71% | 9.17% |
P/E | 10.15 | 9.09 | 8.39 |
PEG Ratio | -2.68 | 0.78 | 0.91 |
Dividend | 23.39p | 24.49p | 25.56p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
24th Mar 2025 | Berenberg Bank | Reiteration | 567p | 0p | 800p | Buy |
13th Dec 2024 | Berenberg Bank | Reiteration | 662p | 0p | 800p | Buy |
30th Aug 2024 | Berenberg Bank | New Coverage | 661p | 0p | 800p | Buy |
1st Aug 2024 | JP Morgan Cazenove | Reiteration | 673p | 760p | 750p | Neutral |
31st Jul 2024 | RBC Capital Markets | Reiteration | 698p | 0p | 720p | Sector perform |
12th Jul 2024 | Jefferies | Reiteration | 710p | 0p | 980p | Buy |
31st May 2024 | JP Morgan Cazenove | Reiteration | 754p | 620p | 710p | Neutral |
24th Nov 2023 | JP Morgan Cazenove | Reiteration | 576p | 690p | 670p | Neutral |
17th Jul 2023 | JP Morgan Cazenove | Upgrade | 648p | 585p | 640p | Neutral |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
14 May 2025 | 08:31 | 553 | 87 | Buy |
14 May 2025 | 08:31 | 553 | 29 | Buy |
14 May 2025 | 08:31 | 553 | 145 | Buy |
14 May 2025 | 08:31 | 553 | 26 | Buy |
14 May 2025 | 08:31 | 553 | 237 | Buy |
14 May 2025 | 08:31 | 553.5 | 228 | Buy |
14 May 2025 | 08:31 | 553.5 | 126 | Buy |
14 May 2025 | 08:28 | 552 | 369 | Sell |
14 May 2025 | 08:28 | 552 | 70 | Sell |
14 May 2025 | 08:26 | 553 | 0 | Buy |
14 May 2025 | 08:26 | 553 | 7 | Buy |
14 May 2025 | 08:25 | 552 | 289 | Sell |
14 May 2025 | 08:25 | 552 | 319 | Sell |
14 May 2025 | 08:25 | 552 | 114 | Sell |
14 May 2025 | 08:25 | 552 | 137 | Sell |
14 May 2025 | 08:25 | 552 | 48 | Sell |
14 May 2025 | 08:25 | 552 | 54 | Sell |
14 May 2025 | 08:24 | 552.5 | 1,009 | Buy |
14 May 2025 | 08:24 | 552 | 373 | Sell |
14 May 2025 | 08:24 | 552 | 327 | Sell |
Selected data supplied by Thomson Reuters © View restrictions.