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Walker Greenbank (WGB)

Business description

Walker Greenbank is a luxury interior furnishings group combining specialist design skills with high-quality upstream manufacturing facilities. Leading brands include Harlequin, Sanderson, Morris & Co, Scion, Anthology, Zoffany and Clarke & Clarke.

Stock data

Market cap.£60.7m
Last close85.50p
High / Low (52 weeks)144.0p / 64.0p
Stock market listingLN
Forecast net debt (£m)5.2
Forecast gearing ratio (%)8
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual(2.3)13.3(40.4)
Relative *(5.4)10.1(39.5)

* % Relative to local index

Other companies in sector Show

Company news

Is Walker Greenbank plc (LON:WGB) A Financially Sound Company?

Wed, 02 May 2018 08:15:00 GMT

Is Walker Greenbank plc (LON:WGB) A Sell At Its Current PE Ratio?

Fri, 15 Dec 2017 17:56:52 GMT

Walker Greenbank profits hit by Storm Desmond

Mon, 14 Dec 2015 10:27:27 GMT

Walker Greenbank plc (WGB) Increases 1.29% on May 16

Wed, 16 May 2018 10:18:45 GMT

Walker Greenbank plc (AIM:WGB)'s QI Valuation Score Reaches 6.00000

Tue, 15 May 2018 03:45:00 GMT

Y/E Jan Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2017A 92.4 13.4 10.4 12.9 6.6 4.3
2018A 108.8 15.9 12.5 14.4 5.9 8.6
2019E 108.4 13.0 9.5 10.8 7.9 6.9
2020E 109.8 13.3 9.6 10.9 7.8 6.0

Last updated on 30/01/2019

Investment summary

A weaker UK market had been well trailed, but good performances from licensing activities and manufactured product for some UK and export customers served to substantially mitigate group revenue pressures in H1. Nevertheless, a lower Brands contribution led to c 22% lower y-o-y group adjusted EBIT in the period. Net debt reduced to just £3.4m at the period end. Following H119 results, our full-year earnings estimates look attainable and are unchanged as are our dividend expectations. Group strategy has been clearly stated, although a change in management may give rise to some shift in emphasis within Brands. We expect a year end trading update in the near future.

Last updated on 01/02/2019

Industry outlook

The UK interior furnishings industry has experienced uncertainty for many years under the influence of economic shifts and fashion changes. Many brands have failed to grow, while significant production capacity has been closed down, with manufacture for the volume segment largely moved overseas. Success continues to be delivered by businesses able to differentiate themselves from competition by consistently offering innovative and high-quality design and products.

Last updated on 01/02/2019

Key management

Terry Stannard, Chairman
Mike Gant, FD

Company address

Bradboure Drive
Tilbrook
Milton Keynes
MK7 8BE
United Kingdom
+44 (0) 845 126 5582
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