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.

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 20.5 10.9
2016A 436.9 86.4 61.8 25.0 15.9 9.2
2017E 459.5 90.8 66.0 26.4 15.1 9.0
2018E 475.5 96.0 70.8 28.7 13.9 8.5

Last updated on 13/04/2017

Latest research

Investment summary

Polypipe has expounded a consistent strategy since its return to the market in April 2014. The latest set of results further demonstrates that its above market growth focus is delivering good year-on-year profit progress while at the same time occupying strong positions in sectors exhibiting favourable long-term trends. Following recent share price rises, the FY17 P/E rating has risen to 14.7x and we expect Polypipe to sustain a premium rating.

Last updated on 13/04/2017

Company address

United Kingdom