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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.£216.1m
Last close71.10p
High / Low (52 weeks)88.2p / 64.6p
Stock market listingLN
Forecast net cash (£m)31.2
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual3.0(7.7)(3.9)
Relative *8.60.14.2

* % Relative to local index

Other companies in sector Show

Company news

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

Wed, 14 Jun 2017 08:59:29 GMT

Severfield Order Books Decline But Full-Year Guidance Intact

Wed, 06 Sep 2017 07:41:15 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 08:20:10 GMT

Is It Time To Buy Severfield plc (LON:SFR)?

Fri, 16 Mar 2018 06:56:15 GMT

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2017A 262.2 25.7 20.3 5.7 12.5 7.8
2018A 274.2 29.0 24.0 6.5 10.9 9.3
2019E 279.2 30.2 25.0 6.8 10.5 8.3
2020E 285.9 32.9 27.3 7.4 9.6 6.9

Last updated on 06/12/2018

Investment summary

Well-flagged H119 results contained few surprises with a solid UK performance backed by gathering momentum in the Indian JV. Order book and margin development will continue to be tracked closely; management commentary on this and market developments have been consistently good and existing guidance is unchanged. We believe that Severfield’s well-financed, market-leading position will continue to be beneficial and steady growth in earnings and dividends is an attractive proposition for investors.

Last updated on 06/12/2018

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 29/11/2018

Key management

John Dodds, Chairman
Alan Dunsmore, CEO

Company address

Dalton Airfield Industrial Estate
Dalton
Thirsk, North Yorkshire
YO7 3JN
United Kingdom
01845 577896
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