Stobart Group


Market Cap£191m

Last Close 30.55p

Stobart Group owns and operates London Southend Airport, renewable energy fuel processing and supply assets, a rail and civil engineering business, a property portfolio, a regional airline/leasing company and non-controlling equity investments in logistics.

More Stobart Group content >

Investment summary

We see investor opportunity in Stobart’s main divisions of Aviation and Energy, which continue to perform well and will benefit from planned investment, notably in Aviation, which should expand the business and drive long-term profitability. Underlying EBITDA grew strongly, up 10% in the first half. Aviation saw a strong rise in both passenger numbers and underlying EBITDA per passenger at London Southend airport, its main business. Energy’s performance has benefitted from higher volumes, a better customer mix, operational gearing and cost management.

Y/E Feb
Revenue (£m)
PBT (£m)
EPS (p)
P/E (x)
P/CF (x)
2017A 129.0 34.0 27.0 8.0 3.8 N/A
2018A 242.0 154.0 136.0 38.0 0.8 N/A
2019E 279.0 26.0 8.0 2.3 13.3 N/A
2020E 311.0 41.0 18.0 5.0 6.1 2.3
Content on Stobart Group
Stobart Group – H119 results boosted by Aviation and Energy
Industrials | research Update (1-4pgs) | 30 October 2018
View more
Register to receive research on Stobart Group as it is published
Share price graph
Balance sheet
Forecast net debt (£m) 108
Forecast gearing ratio (%) 30
Price performance
Actual 0.2 (25.1) (72.0)
Relative* (1.4) (28.6) (67.7)
52-week high/low 132.7p/24.5p
*% relative to local index
Key management
Iain Ferguson CBE Chairman
Warwick Brady CEO
Richard Laycock FD