Stock data
| Market cap. | £415.3m |
| Last close | 119.00p |
| High / Low (52 weeks) | 149.5p / 112.0p |
| Stock market listing | LSE |
| Forecast net debt (£m) | 55.3 |
| Forecast gearing ratio (%) | 16 |
| Team | Industrials |
| Sector | Industrial Support Services |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (5.63) | (4.03) | (7.03) |
| Relative * | (1) | 3.85 | 2.17 |
* % Relative to local index
Other companies covered in sector
| Y/E Feb | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 447.7 | 57.4 | 36.0 | 10.8 | 11.0 | 11.8 |
| 2011A | 500.4 | 57.2 | 34.5 | 9.7 | 12.3 | 76.5 |
| 2012E | 588.9 | 60.4 | 38.8 | 8.8 | 13.5 | 13.5 |
| 2013E | 637.3 | 71.8 | 48.8 | 10.3 | 11.6 | 12.1 |
Last updated on 19/04/2012
Latest research
Moneypenny acquisition
Update | Industrial Support Services | 01/02/2012
Building the future
Outlook | Industrial Support Services | 31/10/2011
Weathering the storm
Update | Industrial Support Services | 21/01/2011
Sustainable growth
Update | Industrial Support Services | 22/10/2010
Operations and assets
Outlook | Industrial Support Services | 10/06/2010
Primed to deliver
Flash note | Industrial Support Services | 12/05/2010
Growth steps up in 2011
Update | Stobart Group | 22/01/2010
Improving order pipeline
Review | Stobart Group | 23/10/2009
Half year reassurance
Update | Stobart Group | 24/08/2009
Exploiting synergies
Outlook | Stobart Group | 14/05/2009
Meeting expectations
Update | Stobart Group | 29/01/2009
Stobart Air flies
Update | Stobart Group | 04/12/2008
Investment summary
Stobart completed its acquisition of the Moneypenny portfolio as expected after the May 2011 equity fund raising, in line with the corporate strategy. The group's core trading performance is anticipated to be in line with expectations, allowing base forecasts to remain unchanged. March and April also saw the announcement of a new daily service by Aer Lingus Regional (operated by Aer Arann) between London Southend Airport and Dublin, and the commencement of easyJet operations, highlighting the potential for additional business to come from the airport. With Stobart also buying back shares in the market after the authority granted at the general meeting, further value-enhancing moves are also being taken.
Last updated on 23/04/2012
Industry outlook
92% of the group's revenues continue to come from the core logistics business. We believe this is in increasing demand due to the shared user operating model and a greater focus on more environmental transportation options for customers, reducing costs and supporting green targets.
Last updated on 23/04/2012
Key management
| Rodney Baker-Bates, Chairman |
| Andrew Tinkler, CEO |
| Ben Whawell, FD |
Company address
| Stretton Green Distribution Park Langford Way Appleton Thorn Warrington WA4 4TZ United Kingdom +44 (0) 1925 605 400 View website |
