Stock data
| Market cap. | £100.7m |
| Last close | 58.00p |
| High / Low (52 weeks) | 98.0p / 39.2p |
| Stock market listing | FULL |
| Forecast net cash (£m) | 18 |
| Forecast gearing ratio (%) | N/A |
| Team | Industrials |
| Sector | Basic Industries |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | 6.42 | 43.21 | (39.81) |
| Relative * | 1.36 | 33.7 | (37.87) |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2009A | 454.2 | 50.2 | 14.2 | 10.9 | 5.3 | 1.3 |
| 2010A | 463.2 | 48.5 | 15.1 | 10.7 | 5.4 | 1.9 |
| 2011E | 281.6 | 23.8 | (4.1) | (0.7) | N/A | 17.6 |
| 2012E | 295.0 | 29.5 | 15.7 | 6.6 | 8.8 | 5.2 |
Last updated on 01/02/2012
Latest research
Clear value attractions
Update | Basic Industries | 01/02/2012
Industrial to lead growth
Update | Basic Industries | 01/09/2011
Enriching the mix
Outlook | Basic Industries | 31/05/2011
Investment to raise returns
Flash note | Basic Industries | 03/03/2011
Solid update
Flash note | Basic Industries | 10/01/2011
Geocentric deal
Update | Basic Industries | 20/12/2010
H2 continuing well
Update | Basic Industries | 25/10/2010
Asian expansion
Flash note | Basic Industries | 24/09/2010
Industrial progress
Update | Basic Industries | 06/08/2010
Recovery well underway
Update | Basic Industries | 28/06/2010
Recovery underway
Flash note | Basic Industries | 30/04/2010
Ready for the recovery
Outlook | Basic Industries | 09/03/2010
Investment summary
Following a material disposal, the investment proposition is now more clearly growth oriented, although the rating for Fiberweb’s ongoing businesses is yet to reflect this. Greater detail on trading and management’s medium-term aspirations should emerge with FY results but the current rating has clear value attractions.
Last updated on 01/02/2012
Industry outlook
Volume growth within the Industrials division is expected to come from product and sector innovation together with complementary bolt-on acquisitions in this area. The Hygiene businesses (including the Fitessa JV) are subject to a proposed disposal and not intended to form part of the ongoing group strategy in 2012.
Last updated on 09/12/2011
Key management
| Malcolm Coster, Chairman |
| Daniel Dayan, CEO |
| Daniel Abrams, FD |
Company address
| Forsyth House 211 - 217 Lower Richmond Road Richmond on Thames London TW9 4LN United Kingdom +44 208 439 8310 View website |
