Coats Group (COA)

Business description

Coats Group is a leading producer of industrial thread and consumer craft textiles with over 70 manufacturing sites internationally. Its divisions are Industrial: Apparel & Footwear (c 67%) and Performance Materials (c 17%); and Crafts (16%), based on FY16 revenue.

Stock data

Market cap.£1064.7m
Last close75.35p
High / Low (52 weeks)80.2p / 29.5p
Stock market listingLN
Forecast net debt (US$m)213.6
Forecast gearing ratio (%)94
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual(0.2)10.4145.0
Relative *(0.3)11.7125.7

* % Relative to local index

Other companies in sector Show

Company news

Coats Group PLC

Fri, 16 Dec 2016 13:55:14 GMT

Coats Group reports flat full year revenues as it winds down struggling crafts ...

Fri, 24 Feb 2017 15:39:01 GMT

Pensions deficit deal means Coats Group can pay dividends in the future

Fri, 16 Dec 2016 13:54:55 GMT

TOP NEWS: Coats Group On Track As First-Half Revenue Rise Lifts Profit

Mon, 31 Jul 2017 07:13:22 GMT

FRC launches Coats pension investigation

Thu, 28 Jul 2016 11:26:15 GMT

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A 1489.5 183.0 109.7 4.0 24.5 15.7
2016A 1457.3 198.6 127.1 4.8 20.4 18.0
2017E 1488.5 212.1 145.6 5.8 16.9 N/A
2018E 1548.6 214.9 147.7 5.9 16.6 7.5

Last updated on 16/08/2017

Investment summary

H117 results provided clear evidence of business momentum with a strategy to accelerate the influence of innovation on future growth rates. Following a series of announcements and the H1 cash flow presentation, the ongoing pension, and therefore group, funding positions are now fully visible. The combination of these points indicates an aspiration to achieve faster group progress, in our view.

Last updated on 09/08/2017

Industry outlook

Population growth is the ultimate trend driver for clothing and footwear demand. Increasing urbanisation, mobility and wealth are all features of this overall growth. Consumer consumption will generally track GDP growth over time. Economic and demographic differences at a country level mean that the local characteristics of demand vary. Coats is the world’s leading industrial thread and consumer textile crafts business.

Last updated on 03/08/2017

Key management

Mike Clasper, Chairman
Rajiv Sharma , CEO
Simon Boddie, CFO
Rob Mann, IRO

Company address

1 The Square
Stockley Park
Uxbridge
Middlesex
UB11 1TD
United Kingdom
+44 (0)20 8210 5000
View website