Stock data
| Market cap. | £94.7m |
| Last close | 357.50p |
| High / Low (52 weeks) | 364.9p / 230.0p |
| Stock market listing | FULL |
| Forecast net debt (£m) | 38.5 |
| Forecast gearing ratio (%) | 52 |
| Team | Industrials |
| Sector | Basic Industries |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | 3.62 | 4.53 | 43.86 |
| Relative * | (2) | (3.38) | 48.27 |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (fd) (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2009A | 424.7 | 32.5 | 16.3 | 43.7 | 8.2 | 2.2 |
| 2010A | 477.7 | 30.5 | 15.8 | 45.4 | 7.9 | 4.1 |
| 2011E | 521.2 | 34.2 | 18.2 | 49.6 | 7.2 | 3.5 |
| 2012E | 538.2 | 35.4 | 19.1 | 52.0 | 6.9 | 3.0 |
Last updated on 08/12/2011
Latest research
Ahead at year end
Flash note | Basic Industries | 20/12/2011
Positive Q3
Flash note | Basic Industries | 14/11/2011
Profits ahead in Europe
Update | Basic Industries | 01/09/2011
Ahead in flattish markets
Flash note | Basic Industries | 05/07/2011
AGM comments in line
Flash note | Basic Industries | 13/05/2011
Resilience in evidence
Update | Basic Industries | 17/03/2011
Renewed bank facilities
Flash note | Basic Industries | 22/12/2010
Estimates maintained
Flash note | Basic Industries | 16/11/2010
Bowed but unbroken
Update | Basic Industries | 06/09/2010
Underlying attractions
Outlook | Basic Industries | 01/07/2010
Volume growth restarts
Flash note | Basic Industries | 13/05/2010
Cautiously optimistic
Update | Basic Industries | 05/03/2010
Investment summary
BPI has rounded off its trading year with an update pointing to a PBT outcome slightly above our estimate. At this stage there is no additional guidance for 2012 and we wait to see how the sector mix effects play out in the early part of the year. Although the share price is up by 36% so far this year, on our current estimates there is certainly scope for the rating to expand further.
Last updated on 20/12/2011
Industry outlook
After a brief respite, market polymer prices (input costs) picked up again at the end of 2010 with increases in all grades in the first half of 2011. Some easing has been seen in during H2, mirroring lower oil prices to some extent. This the latter trend has reversed more recently, and we are mindful of potential implications of this going into 2012.
Last updated on 09/12/2011
Key management
| Cameron McLatchie, Chairman |
| John Langlands, CEO |
| David Harris, FD |
Company address
| British Polythene Industries 96 Port Glasgow Road Greenock PA15 2UL United Kingdom +44 (0) 1475 501 035 View website |
