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Carr's Group (CARR)

Business description

Carr’s Agriculture division serves farmers in the North of England, South Wales, the Borders and Scotland, the US, Germany and New Zealand. The Engineering division offers remote handling equipment and fabrications to the global nuclear and oil and gas industries.

Stock data

Market cap.£137.6m
Last close150.50p
High / Low (52 weeks)165.0p / 120.0p
Stock market listingLN
Forecast net debt (£m)14.4
Forecast gearing ratio (%)13
SectorConsumer staples

Price performance

Relative *7.70.310.8

* % Relative to local index

Other companies in sector Show

Company news

Investment summary

On 21 September, Carr’s Group announced that it had completed the acquisition of Animax, a producer of animal health products, for a total cash consideration of up to £8.5m. The transaction will broaden the group’s existing range of animal health products and supplements. We raise our estimates and reiterate our indicative valuation of 178p/share.

Last updated on 01/10/2018

Y/E Aug Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 314.9 16.5 14.2 10.8 13.9 11.6
2017A 346.2 13.9 11.9 9.4 16.0 9.1
2018E 377.4 19.4 16.6 13.1 11.5 8.8
2019E 390.3 20.4 17.2 13.6 11.1 7.1

Last updated on 01/10/2018

Latest video

Executive Interview - Carr’s Milling Industries

Industry outlook

Read-across from Hardide's recent trading update is positive. Hardide notes a general recovery in demand from the oil and gas sector for its advanced surface coating technology used on drilling components. This bodes well for demand for the precision machined components produced by Carr's Group's Manufacturing business.

Last updated on 28/09/2018

Key management

Chris Holmes, Chairman
Tim Davies, CEO
Neil Austin , FD

Company address

Old Croft
United Kingdom
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