Epwin Group (EPWN)

Business description

Epwin supplies functional low-maintenance exterior building products (including windows, doors, roofline and rainwater goods) into a number of UK market segments and is a modest exporter.

Stock data

Market cap.£116.5m
Last close81.50p
High / Low (52 weeks)128.5p / 65.5p
Stock market listingLN
Forecast net debt (£m)26.1
Forecast gearing ratio (%)27
TeamIndustrials
SectorConstruction & Building Materials

Price performance

%1m3m12m
Actual24.4(26.6)(29.1)
Relative *25.9(25.5)(33.5)

* % Relative to local index

Other companies in sector Show

Company news

Epwin Group PLC Q&A with Zeus Capital: Interim Results (LON:EPWN)

Mon, 18 Sep 2017 11:15:00 GMT

Epwin Group PLC Sound performance in challenging conditions

Wed, 13 Sep 2017 06:25:12 GMT

Market Risers: Barclays PLC, Epwin Group PLC, Goldplat plc

Thu, 21 Sep 2017 12:11:15 GMT

MIDAS SHARE TIPS: Plastic is fantastic for Epwin Group, a firm that decks ...

Sat, 02 Apr 2016 21:02:01 GMT

SUNDAY NEWSPAPER SHARE TIPS: Epwin Group, Learning Technologies, Card Factory ...

Sun, 03 Apr 2016 11:17:57 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2015A 256.0 25.6 19.2 11.7 7.0 4.6
2016A 293.2 33.3 24.3 14.7 5.5 3.7
2017E 300.3 30.6 20.8 11.9 6.8 5.5
2018E 276.9 28.5 18.8 10.5 7.8 4.2

Last updated on 21/09/2017

Investment summary

Respectable H1 trading has been partly overshadowed by ownership changes for two large customers triggering estimate reductions. Given the step down in expected earnings, investors may focus more on the 8.7% dividend yield and, based on the current financial position and our cash flow projections, we believe this level of payout to be sustainable.

Last updated on 21/09/2017

Industry outlook

Epwin is exposed to both RMI (c 70% revenue) and newbuild (c 30%) in the UK housing market. Newbuild activity is clearly ahead y-o-y, while RMI demand has been more patchy. Referencing potential post-Brexit consumer confidence, industry commentators have expressed near-term caution.

Last updated on 06/09/2017

Key management

Jon Bednall, CEO
Chris Empson, FD

Company address

1B Stratford Court
Cranmore Boulevard
Solihull
B90 4QT
United Kingdom
01242 243444
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