Carr's Group (CARR)

Business description

Carr’s Agriculture division serves farmers in the North of England, South Wales, the Borders and Scotland, the US, Germany and New Zealand. The Engineering division offers remote handling equipment and fabrications to the global nuclear and oil and gas industries.

Stock data

Market cap.£132.5m
Last close145.00p
High / Low (52 weeks)149.8p / 120.0p
Stock market listingLN
Forecast net debt (£m)14.7
Forecast gearing ratio (%)14
SectorConsumer staples

Price performance

Relative *

* % Relative to local index

Other companies in sector Show

Company news

Carr's Group plc (LON:CARR): Ex-Dividend Is In 3 Days, Should You Buy?

Sun, 22 Apr 2018 10:18:45 GMT

Read This Before Buying Carr's Group plc (LON:CARR) For Its Upcoming £0.01 ...

Thu, 19 Apr 2018 10:18:45 GMT

Is Carr's Group plc (LON:CARR) An Attractive Dividend Stock?

Tue, 06 Mar 2018 13:30:00 GMT

Why Carr's Group plc (LON:CARR) Could Be A Buy

Tue, 06 Feb 2018 07:07:30 GMT

Should You Sell Carr's Group plc (LON:CARR) At This PE Ratio?

Mon, 09 Apr 2018 09:55:39 GMT

Investment summary

The recovery in both US feed block sales and the UK manufacturing businesses noted at Carr’s Group’s AGM in January has continued throughout H118. This has resulted in a 22% improvement in adjusted PBT year-on-year and a slight over-performance compared with management’s expectations. H218 has started well, so we raise our estimates and adjust our indicative valuation from 167p/share to 169p/share.

Last updated on 16/04/2018

Y/E Aug Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 314.9 16.5 14.2 10.8 13.4 11.2
2017A 346.2 13.9 11.9 9.4 15.4 8.8
2018E 375.1 19.0 16.2 12.8 11.3 8.7
2019E 382.5 19.8 16.9 12.9 11.2 7.0

Last updated on 16/04/2018

Latest video

Executive Interview - Carr’s Milling Industries

Industry outlook

US feed block volumes continued to recover as cattle prices for producers improved. This growth is augmented by the low moisture feed block plant in Tennessee that recently commenced production. In the UK, the integration of Pearson Farm Supplies is going well. Work continues on the significant fabrication contract that was delayed until almost the end of FY17, and demand from the oil and gas sector is strengthening, enabling the UK manufacturing business to trade substantially ahead of the prior year. The remote handling businesses continue to perform well, as they too work through a strong order book.

Last updated on 06/04/2018

Key management

Chris Holmes, Chairman
Tim Davies, CEO
Neil Austin , FD

Company address

Old Croft
United Kingdom
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