Polypipe (PLP)

Business description

Polypipe is a leading European supplier of plastic building products and ventilation systems. UK operations address a broad range of sectors including residential, commercial and civil building demand and a number of subsectors within them.

Stock data

Market cap.£814.1m
Last close407.80p
High / Low (52 weeks)436.5p / 332.2p
Stock market listingLN
Forecast net debt (£m)143.3
Forecast gearing ratio (%)46
SectorGeneral Industrials

Price performance

Relative *4.88.517.4

* % Relative to local index

Other companies in sector Show

Company news

TOP NEWS: Polypipe Poaches Dixons Carphone Financial Controller As CFO

Wed, 27 Sep 2017 16:07:30 GMT

Why I'd Buy Polypipe Group PLC, Watch Reckitt Benckiser Group Plc And Sell BT ...

Wed, 05 Aug 2015 13:41:15 GMT

Polypipe shares worth around 70p more - Peel Hunt

Tue, 15 Nov 2016 10:36:43 GMT

Are Premier Oil plc, Polypipe Group plc and Vesuvius plc Ord 10p the biggest ...

Fri, 13 May 2016 07:30:00 GMT

Does the hype around Polypipe Group plc (LSE:PLP) growth justify its September ...

Thu, 15 Sep 2016 03:45:20 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 352.9 69.3 48.0 19.4 21.0 11.2
2016A 436.9 86.4 61.8 25.0 16.3 9.4
2017E 465.9 90.8 66.2 26.4 15.4 9.3
2018E 481.5 96.6 71.6 29.0 14.1 8.7

Last updated on 19/01/2018

Investment summary

Overall, group like-for-like (LFL) 10-month revenue growth was +7.1% (including +7.3% in H2 to date), enhanced to 8.2% with FX effects. Against H1, divisional LFL revenue growth in the latest four months (to October) is tracking slightly higher in UK Residential and Commercial & Infrastructure (C&I) Europe and lower in C&I UK. Market comments are similar to before with residential newbuild still the standout sector and Polypipe addresses the full build cycle here. A sluggish UK road-building programme is continuing to limit volume progress in UK C&I, although price increases have contributed to some revenue growth.

Last updated on 02/02/2018

Industry outlook

The Construction Products Association’s October update pointed to an expectation of 0.7% industry growth in 2017 and flat outturn for FY18. Behind these headline figures, infrastructure (major projects, water, road and rail) and private housebuilding are expected to be the positive drivers, against slower commercial and industrial.

Last updated on 02/02/2018

Key management

Martin Payne, CEO

Company address

Broomhouse Lane
DN12 1ES
United Kingdom