WEIR GROUP ORD GBP0.125
Symbol: WEIR
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Company
Business Summary
The Weir Group PLC is a United Kingdom-based provider of technology driven mining solutions and manufacturer of Linatex premium rubber. The Company provides processing equipment, wear parts and equipment attachments. Its segments include Minerals and ESCO. The Minerals segment includes engineering, manufacturing and service processing technology used in abrasive, high-wear mining applications. Its differentiated technology is also used in infrastructure and general industrial markets. The ESCO segment includes ground engaging tools, attachments, artificial intelligence and machine vision technologies that optimize productivity for customers in global mining and infrastructure markets. Its processing equipment categories include mining, aggregates and infrastructure, and general industry. Its mining category includes comminution, classification, pumping and slurry transportation, concentrate and filtration, tailings, and dewatering. Its brands include Warman, GEHO, Cavex and Enduron.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Weir Group PLC revenues increased 7% to £2.64B. Net income before extraordinary items increased 8% to £229.2M. Revenues reflect Minerals segment increase of 9% to £1.94B, ESCO segment increase of 1% to £698.6M, Australia segment increase of 23% to £412.4M, Asia Pacific segment increase of 21% to £347.4M, Canada segment increase of 11% to £420.8M.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 2,636.00 | 2,472.10 | 1,933.60 | 1,964.70 | 2,049.80 | 2,449.90 |
Gross profit | 994.00 | 897.50 | 694.40 | 695.10 | 747.70 | 814.20 |
Operating Profit/Loss | 368.40 | 307.50 | 256.60 | 234.30 | 235.70 | 124.10 |
Profit Before Tax | 320.70 | 260.20 | 209.50 | 184.30 | 189.40 | 86.10 |
Profit After Tax | 229.90 | 212.60 | 155.10 | 138.60 | 144.60 | 53.40 |
Equity Holders of Parent Company | 227.90 | 213.40 | 258.50 | -149.60 | -379.90 | 18.00 |
Minority Interest | 9.20 | 11.00 | 10.50 | 11.10 | 0.90 | 4.90 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 2,013.90 | 2,106.50 | 1,869.40 | 1,866.80 | 2,323.50 | 2,746.20 |
Total Current Assets | 1,878.80 | 1,949.40 | 1,626.30 | 1,688.50 | 1,528.70 | 1,998.60 |
Total Assets | 3,892.70 | 4,055.90 | 3,495.70 | 3,555.30 | 3,852.20 | 4,744.80 |
Total Liabilities | 2,193.00 | 2,318.00 | 2,041.20 | 2,237.60 | 2,338.80 | 2,595.90 |
Total Net Assets | 1,699.70 | 1,737.90 | 1,454.50 | 1,317.70 | 1,513.40 | 2,148.90 |
Shareholders Funds | 1,689.80 | 1,726.50 | 1,443.50 | 1,306.40 | 1,512.00 | 2,143.60 |
Minority Interests | 9.20 | 11.00 | 10.50 | 11.10 | 0.90 | 4.90 |
Total Equity | 1,699.70 | 1,737.90 | 1,454.50 | 1,317.70 | 1,513.40 | 2,148.90 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy3 |
Buy7 |
Neutral4 |
Sell2 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 3 | 7 | 4 | 2 | 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 | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £2,715.07mn | £2,866.99mn | £2,996.91mn |
Pre-tax-Profit | £459.96mn | £515.36mn | £574.65mn |
EPS | £1.22p | £1.38p | £1.53p |
EPS Growth | 4.92% | 13.27% | 11.43% |
P/E | 16.22 | 14.38 | 12.9 |
PEG Ratio | 3.30 | 1.08 | 1.13 |
Dividend | 40.70p | 45.28p | 50.22p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
29th Feb 2024 | Shore Capital | Reiteration | 1833p | 0p | 0p | Buy |
6th Dec 2023 | Shore Capital | Reiteration | 1894p | 0p | 0p | Buy |
5th Sep 2023 | Barclays | Reiteration | 1897p | 0p | 2180p | Overweight |
31st Aug 2023 | Shore Capital | Reiteration | 1834p | 0p | 0p | Buy |
7th Jul 2023 | Deutsche | Reiteration | 1714p | 2135p | 2100p | Hold |
15th Jun 2023 | RBC Capital Markets | Reiteration | 1823p | 0p | 2400p | Outperform |
27th Apr 2023 | Shore Capital | Reiteration | 1867p | 0p | 0p | Buy |
1st Mar 2023 | Peel Hunt Limited | Reiteration | 2018p | 0p | 1950p | Buy |
13th Feb 2023 | Goldman Sachs | Restart Coverage | 1834p | 0p | 0p | Buy |
5th Dec 2022 | Deutsche | Reiteration | 1785p | 1900p | 1900p | Hold |
Time & Sales
Sorry, sales information on this investment is not available at this time.