Severfield (SFR)

Business description

Severfield is a leading UK structural steelwork fabricator operating across a broad range of market sectors. An Indian facility currently undertakes structural steelwork projects for the local market and is fully operational.

Stock data

Market cap.£242.6m
Last close81.00p
High / Low (52 weeks)88.0p / 43.8p
Stock market listingLN
Forecast net cash (£m)34
Forecast gearing ratio (%)N/A
SectorGeneral Industrials

Price performance

Relative *(3.1)(0.4)24.1

* % Relative to local index

Other companies in sector Show

Company news

CEO Ian Lawson: Severfield one of the best-kept secrets in construction industry

Tue, 09 Jun 2015 06:05:04 GMT

Severfield's profits nearly double as Britain's biggest steelwork contractor ...

Wed, 14 Jun 2017 08:59:29 GMT

Severfield's CEO takes temporary leave of absence

Tue, 28 Mar 2017 08:41:48 GMT

Renowned local steel firm sees profits go through the roof after rebrand

Wed, 16 Sep 2015 08:12:14 GMT

Are Jimmy Choo plc, Servelec Group plc, Aveva Group plc and Severfield plc ...

Wed, 15 Jun 2016 09:55:41 GMT

Investment summary

Good momentum is apparent in Severfield’s results, with healthy progress in revenue and margins in the UK and a profit contribution from the Indian JV. Our estimates now expect a sustained JV profit contribution (previously neutral) and, with unchanged UK expectations, Severfield is on track to double PBT between FY16 and FY20. All in all, we see a clear strategy that is being well executed against visible financial targets.

Last updated on 19/06/2017

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 239.4 18.9 13.7 3.84 21.1 9.7
2017A 262.2 25.7 20.3 5.70 14.2 8.8
2018E 263.2 27.3 22.2 6.26 12.9 11.0
2019E 267.8 29.6 24.4 6.87 11.8 8.7

Last updated on 19/06/2017

Latest video

Executive Interview - Severfield

Industry outlook

The primary strategic aim is to maintain Severfield’s position as the leading UK structural steelwork supplier. An Indian JV (established in 2010) is fully operational and targeting similar sectors to those served in the UK. Management has valued the Indian construction market at c £100bn pa, with a very low penetration of steel structures currently.

Last updated on 01/06/2017

Key management

John Dodds, Chairman
Ian Lawson , CEO
Alan Dunsmore, FD

Company address

Dalton Airfield Industrial Estate
Thirsk, North Yorkshire
United Kingdom
01845 577896
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