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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.£139.5m
Last close151.75p
High / Low (52 weeks)168.0p / 120.0p
Stock market listingLN
Forecast net debt (£m)21.5
Forecast gearing ratio (%)17
Team
SectorConsumer staples

Price performance

%1m3m12m
Actual(2.7)2.217.0
Relative *3.412.029.4

* % Relative to local index

Other companies in sector Show

Company news

Carr's Group plc (LON:CARR): What Can We Expect From Future Profit Margins?

Tue, 01 May 2018 07:52:30 GMT

Is Carr's Group plc (LON:CARR) An Attractive Dividend Stock?

Tue, 06 Mar 2018 13:30:54 GMT

Why Carr's Group plc (LON:CARR) Could Be A Buy

Tue, 06 Feb 2018 07:07:30 GMT

Is Carr's Group plc (LON:CARR) Worth £1.21 Based On Its Intrinsic Value?

Mon, 08 Jan 2018 07:52:30 GMT

Carr's Group plc (LON:CARR): What The Forecasts Are Telling Us

Tue, 16 Jan 2018 08:59:21 GMT

Investment summary

Carr’s Group is building market-leading positions in high-value, growing sectors in global agricultural and engineering markets, increasing its international footprint and differentiating itself through innovative technologies such as low-moisture feed blocks and highly specialised robotic arms for use in hazardous environments such as the nuclear industry. This strategy delivered a 49% rise in adjusted PBT during FY18. It also reduces the group’s exposure to variations in UK weather and government farming policy.

Last updated on 11/12/2018

Y/E Aug Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2017A 346.2 13.9 11.9 9.4 16.1 9.2
2018A 403.2 19.9 17.7 15.2 10.0 9.2
2019E 418.8 21.0 18.1 15.3 9.9 9.3
2020E 425.5 21.5 18.9 16.0 9.5 8.7

Last updated on 21/11/2018

Latest video

Executive Interview - Carr’s Milling Industries

Industry outlook

We expect these positive growth trends to continue. The UK agriculture industry remains positive and there is still potential for growth in the US following the opening of a new feed block facility earlier this year. The acquisition of Animax, with its complementary animal health products, should provide an additional boost. The Engineering order book is strong and recent sales of remote handling equipment from the German business through NuVision’s sales contacts in the US augur well. We have revised our FY19 and FY20 forecasts upwards and raised our indicative valuation by 4p/share to 182p/share.

Last updated on 29/11/2018

Key management

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

Company address

Old Croft
Stanwix
Carlisle
CA3 9BA
United Kingdom
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