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.£125.7m
Last close137.50p
High / Low (52 weeks)156.0p / 120.0p
Stock market listingLN
Forecast net debt (£m)14.9
Forecast gearing ratio (%)14
Team
SectorConsumer staples

Price performance

%1m3m12m
Actual(1.8)(1.4)(6.8)
Relative *4.40.1(7.2)

* % Relative to local index

Other companies in sector Show

Company news

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

Tue, 06 Feb 2018 07:07:30 GMT

What You Must Know About Carr's Group plc's (LON:CARR) 7.83% ROE

Fri, 16 Feb 2018 12:00:00 GMT

Stock of the week: Carr's Group leads FTSE All-Share

Fri, 17 Apr 2015 15:45:00 GMT

Carr's Group shares tumble on profit warning

Thu, 30 Mar 2017 11:00:55 GMT

Carr's Group plc (CARR) Soared 1.63% on Feb 18

Sun, 18 Feb 2018 14:37:30 GMT

Investment summary

Performance during the first 18 weeks of FY18 indicates that the recovery in both divisions that was predicted by Carr’s management is well underway. As the group is trading in line with management’s expectations for the full year, we have left our estimates and indicative valuation of 167p/share unchanged except for an upward revision to revenues to reflect higher commodity prices.

Last updated on 02/02/2018

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 12.7 10.6
2017A 346.2 13.9 11.9 9.4 14.6 8.3
2018E 370.1 18.7 15.9 12.5 11.0 8.4
2019E 377.5 19.8 16.9 12.9 10.7 6.7

Last updated on 19/01/2018

Latest video

Executive Interview - Carr’s Milling Industries

Industry outlook

US feed block volumes continued to recover as cattle prices for producers improved. UK farming sentiment remains positive, helping to drive strong machinery sales, increased feed volumes and a good start to the year in the Country Stores. Work continues on the significant fabrication contract that was delayed until almost the end of FY17, enabling the UK manufacturing business to be trading well 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 02/02/2018

Key management

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

Company address

Old Croft
Stanwix
Carlisle
CA3 9BA
United Kingdom
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