Stobart Group (STOB)

Business description

Stobart consists of two divisions: Infrastructure and Support Services operating across Aviation, Energy, Rail and Investments.

Stock data

Market cap.£964.6m
Last close274.00p
High / Low (52 weeks)303.2p / 151.2p
Stock market listingLN
Forecast net cash (£m)34.4
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorIndustrial Support Services

Price performance

%1m3m12m
Actual(4.9)(6.7)78.5
Relative *(3.7)(5.4)67.6

* % Relative to local index

Other companies in sector Show

Company news

New Stobart Group boss confident that business is on track to hit “ambitious ...

Tue, 05 Sep 2017 09:30:20 GMT

Stobart Group to sell half its trucking business

Thu, 06 Mar 2014 22:29:16 GMT

Stobart Group shows revenue growth, launches new entrepreneurial unit

Thu, 11 May 2017 07:03:45 GMT

Stobart Group to net £113mln windfall when its logistics division lists on AIM

Wed, 19 Apr 2017 13:46:35 GMT

Stobart Group says it is 'trading in line with expectations' ahead of AGM

Thu, 29 Jun 2017 06:41:32 GMT

Investment summary

Through a combination of forecast high growth from its core Aviation, Energy and Rail businesses, and cash realisations from its legacy Infrastructure and Investments divisions, Stobart Group offers an attractive equity proposition. We forecast three-year group EBITDA CAGR of 24% as management executes its growth plans. Further asset disposals will likely return more than enough capital to cover the annual cash dividend payout of over £60m and further strengthen the group balance sheet. Over the long term, we believe the group could unlock significant value from its core assets, especially Southend Airport, which is set to be a major beneficiary of airport capacity constraints in the South East.

Last updated on 06/09/2017

Y/E Feb Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 126.7 30.0 20.6 5.9 46.4 4495.0
2017A 129.4 35.0 26.0 7.2 38.1 N/A
2018E 279.5 143.2 133.1 37.3 7.3 204.4
2019E 362.5 43.0 31.2 7.9 34.7 31.3

Last updated on 18/08/2017

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Stobart Group

Industry outlook

Stobart is exposed to the property, transport, aviation, energy and rail industries. Property valuation drives a high percentage of its book value. Stobart has exposure to transport, which is driven by GDP. Its Rail business is driven by allowed rail capex spend, Energy depends on government incentives and Aviation relies on the interplay between capacity and GDP.

Last updated on 06/09/2017

Key management

Iain Ferguson CBE, Chairman
Warwick Brady, CEO
Ben Whawell, FD

Company address

22 Soho Square
London
W1D 4NS
United Kingdom
+44 (0) 1925 605 400
View website