Avon Rubber (AVON)

Business description

Avon Rubber designs, develops and manufactures products in the respiratory protection, defence (70% of 2017 sales) and dairy (30%) sectors. Its major contracts are with national security and safety organisations such as the DoD. 75% of sales are from the US and 25% are from Europe.

Stock data

Market cap.£387.8m
Last close1,250.00p
High / Low (52 weeks)1250.0p / 909.0p
Stock market listingLN
Forecast net cash (£m)43.4
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorAerospace & Defence

Price performance

%1m3m12m
Actual11.432.321.2
Relative *10.230.111.5

* % Relative to local index

Other companies in sector Show

Company news

Avon Rubber PLC

Mon, 05 Sep 2011 05:07:40 GMT

Is It Finally Time To Buy Avon Rubber plc And Rolls-Royce Holding PLC?

Tue, 26 Jan 2016 11:03:45 GMT

Chief exits high-flying Avon Rubber

Wed, 29 Apr 2015 10:54:34 GMT

Should You Expect Avon Rubber plc (LSE:AVON) To Continue Delivering An ROE Of ...

Thu, 31 Aug 2017 08:15:00 GMT

Avon Rubber plc (AVON) Insider Paul McDonald Sells 1272 Shares

Sun, 10 Dec 2017 06:22:30 GMT

Investment summary

Avon Rubber delivered a confident FY17 performance. The core business is buoyed by strong order activity in Avon Protection while dairy market trends look set to stay positive into 2018 for milkrite | InterPuls. Cash performance has also been solid, which underpins selective future acquisitions. The significantly changed management team has developed a new, threefold growth strategy. The approach is to grow the core, add selective product development and make value-enhancing acquisitions to accelerate growth.

Last updated on 13/12/2017

Y/E Sep Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 142.9 29.9 20.7 70.5 17.7 12.4
2017A 163.2 36.0 25.6 82.3 15.2 12.8
2018E 163.2 36.1 26.5 69.4 18.0 11.1
2019E 169.2 38.0 28.2 74.1 16.9 10.8

Last updated on 08/12/2017

Latest video

Executive Interview - Avon Rubber 2015 Preliminary Results

Industry outlook

The US defence budget environment looks promising for Avon as it increases army troop numbers, while order activity has picked up closer to home. Avon is increasingly focused on higher price sophisticated mask systems. Meanwhile, the supportive dairy market environment has allowed the positive growth trends in the division to continue globally. With the group’s recent years’ investments also set to drive further growth over the coming years, we maintain our view that Avon has the market position, product portfolio and strategic ambition to further accelerate its growth through organic and inorganic means.

Last updated on 13/12/2017

Key management

David Evans, Chairman
Paul McDonald, CEO
Nick Keveth, CFO

Company address

Hampton Park West
Semington Road
Melksham
Wiltshire
SN12 6NB
United Kingdom
+44 (0)1225 896800.
View website