Low & Bonar (LWB)

Business description

Low & Bonar produces specialist performance materials for a variety of end-markets by combining polymers with specialty additives and pigments. It now reports as four global business units.

Stock data

Market cap.£283.3m
Last close86.00p
High / Low (52 weeks)89.8p / 56.0p
Stock market listingLN
Forecast net debt (£m)115.5
Forecast gearing ratio (%)54
TeamIndustrials
SectorBasic Industries

Price performance

%1m3m12m
Actual(1.2)22.947.0
Relative *0.220.520.9

* % Relative to local index

Other companies in sector Show

Company news

Worst over for high-yielding Low & Bonar?

Tue, 03 Feb 2015 15:02:13 GMT

Why Low & Bonar plc's Shares Collapsed Today

Fri, 05 Sep 2014 09:22:30 GMT

Why Low & Bonar plc Could Thrash Returns From HSBC Holdings plc And Rio Tinto plc

Fri, 17 Jul 2015 11:37:30 GMT

Should You Buy Anglo American plc, Findel plc And Low & Bonar plc On Tuesday?

Tue, 02 Feb 2016 14:13:43 GMT

Low & Bonar reports revenue growth in first half year of 2016

Thu, 07 Jul 2016 17:48:45 GMT

Y/E Nov Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2015A 362.1 46.0 27.4 5.8 14.8 8.0
2016A 402.2 52.8 29.2 6.0 14.3 8.3
2017E 436.0 59.1 35.4 7.3 11.8 4.8
2018E 457.4 63.9 39.2 8.1 10.6 4.9

Last updated on 13/04/2017

Latest research

AGM flags significant FY17 progress expected

Update | Basic Industries | 13/04/2017

Gathering strategic momentum

Update | Basic Industries | 15/02/2017

Business improvement in action

Update | Basic Industries | 02/08/2016

Meeting challenges, making progress

Update | Basic Industries | 19/02/2016

In-line update, estimates unchanged

Update | Basic Industries | 04/11/2015

Organisation change, strategy intact

Outlook | Basic Industries | 14/10/2015

Double-digit progress

Update | Basic Industries | 30/07/2015

Daily comment

Institutional Comment | Basic Industries | 24/03/2015

Daily comment

Institutional Comment | Basic Industries | 24/02/2015

Investing for growth

Update | Basic Industries | 23/02/2015

Daily comment

Institutional Comment | Basic Industries | 03/02/2015

Daily comment

Institutional Comment | Basic Industries | 17/12/2014

Investment summary

In a brief AGM statement, management stated that FY17 was off to a good start with unchanged guidance for the year. Four months into the financial year, management sounded confident that FY17 will be a year of significant progress. No further detail on individual business unit progress was included in the update. We see the full benefit from the new China Colback plant (phase one), restored operational performance at Coated Technical Textiles and margin mix development in Civil Engineering as the most notable, high-level growth drivers this year. At current levels, there will also be some favourable year-on-year FX translation benefit.

Last updated on 01/06/2017

Industry outlook

Key strategic medium-term financial targets are currently for 10% operating margins and 12%+ return on capital employed. Organic group revenue growth may be supplemented by M&A. The onus is clearly on territories outside Europe to provide the growth engine.

Last updated on 01/06/2017

Key management

Martin Flower, Chairman
Brett Simpson, CEO
Mike Holt, FD
Simon Dray, CFO

Company address

10th Floor
1 Eversholt Street
London
NW1 2DN
United Kingdom
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