Carclo (CAR)

Business description

Carclo is a specialist in high-precision plastic moulding principally in healthcare, optical and automotive applications. Its two main end-markets are high-volume medical consumables and low-volume, very high-value automotive lighting.

Stock data

Market cap.£102.1m
Last close139.25p
High / Low (52 weeks)179.0p / 112.0p
Stock market listingLN
Forecast net debt (£m)28
Forecast gearing ratio (%)52

Price performance

Relative *(15.2)(20)(1.3)

* % Relative to local index

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Company news

Carclo cut highlights 'Brexit' pensions pressure on dividends

Thu, 01 Sep 2016 08:55:18 GMT

4 Dirt Cheap Takeover Targets Promising Huge Returns: Carclo plc, Carpetright ...

Fri, 28 Nov 2014 14:37:30 GMT

Struggling Carclo plc jumps 15% after results. But is the company back on track?

Tue, 15 Nov 2016 13:07:30 GMT

Should You Invest In Car Stars Carclo plc Or GKN plc?

Wed, 18 Nov 2015 14:48:45 GMT

Carclo plc (CAR) Receives “Buy” Rating from Peel Hunt

Sun, 24 Sep 2017 00:33:45 GMT

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2016A 119.0 13.8 8.8 10.1 13.8 6.6
2017A 138.3 17.0 11.0 12.1 11.5 10.8
2018E 148.1 19.3 12.5 12.9 10.8 6.8
2019E 159.6 22.3 15.0 15.2 9.2 4.9

Last updated on 23/08/2017

Investment summary

Carclo has refocused investment in its established businesses (Technical Plastics and LED Technologies), where a differentiated offer and long-term relationships with customers provide good earnings visibility and higher probability of a sustainable return. This strategy delivered strong revenue and pre-exceptional PBT growth during FY17. This growth appears set to continue, driven by investment in capacity at Technical Plastics, which is underpinned by customer contracts, and new programme wins at Wipac, which now has three mid-volume projects to work on.

Last updated on 06/09/2017

Industry outlook

The two acquisitions that took place during FY17 have already started to show their worth. US-based Precision Tool and Die, acquired in October, has fulfilled its role of providing tool-making capability for existing Technical Plastics customers. Czech-based FLTC, acquired in March 2017, added over 30 designers to the Wipac team, enabling it to work on multiple mid-volume programmes in parallel.

Last updated on 06/09/2017

Key management

Michael Derbyshire, Chairman
Christopher Malley, CEO
Robert Brooksbank, CFO

Company address

Springstone House
27 Dewsbury Road
United Kingdom
+44 (0) 1924 268040
View website