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.£994.9m
Last close282.60p
High / Low (52 weeks)303.2p / 152.2p
Stock market listingLN
Forecast net cash (£m)34.4
Forecast gearing ratio (%)N/A
SectorIndustrial Support Services

Price performance

Relative *7.0(0.1)69.2

* % Relative to local index

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Company news

Stobart Group to sell half its trucking business

Thu, 06 Mar 2014 22:29:16 GMT

Eddie Stobart disposal yields profit rise for Stobart Group

Thu, 19 Oct 2017 07:28:20 GMT

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

Tue, 05 Sep 2017 09:30:20 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

Investment summary

Interim results highlighted the integrated aviation strategy, leveraging the arrival of CEO Warwick Brady. Strong passenger growth and the launch of the executive jet centre at London Southend Airport in November should support FY growth expectations. The Energy division continues to balance short-term volume uncertainty against longer-term volume certainty, good cash generation and potential for margin improvement. Rail continues to develop its pipeline of work and growth delivery. The Infrastructure division traded behind H1 expectations but looks set to make this up in H2.

Last updated on 02/11/2017

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 47.9 4636.1
2017A 129.4 35.0 26.0 7.2 39.3 N/A
2018E 279.5 143.2 133.1 37.3 7.6 210.8
2019E 362.5 43.0 31.2 7.9 35.8 32.3

Last updated on 20/10/2017

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Stobart Group

Industry outlook

The key message from Stobart is about working towards clear growth targets via three key divisions, with the dividend supported by non-operating disposals through to 2022 as operating cash grows. Aviation relies on the interplay between capacity and GDP, while Energy depends on government incentives and ensuring plants deliver to target ratios. The Rail business is driven by allowed capex spend. In addition, Property valuation drives a high percentage of book value.

Last updated on 02/11/2017

Key management

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

Company address

22 Soho Square
United Kingdom
+44 (0) 1925 605 400
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