Carr’s Group’s Speciality Agriculture division serves farmers in the UK, Ireland, the United States, Germany, Canada and New Zealand with feed blocks and feed supplements. The Engineering division offers remote handling equipment and fabrications to the global nuclear and oil and gas industries.
There will be a delay to the publication of the group’s audited FY22 results because a separate audit of the associate that was sold as part of the disposal of the group’s Agricultural Supplies division is now required for independence reasons.
David White
CFO
Peter Page
Chairman
Forecast net debt (£m)
33.2
Forecast gearing ratio (%)
23
% | 1M | 3M | 12M |
---|---|---|---|
Actual | 3.9 | 27.9 | (24.1) |
Relative | 4.0 | 16.8 | (22.7) |
52 week high/low | 160.0p/92.0p |
The recent trading update from Carr’s Group notes that FY22 performance (year ended 3 September 2022) was in line with management expectations and ahead of FY21. Trading so far in FY23 has been in line with management expectations and ahead of FY22.
Y/E Aug | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (fd) (p) | P/E (x) | P/CF (x) |
---|---|---|---|---|---|---|
2020A | 395.6 | 23.4 | 15.0 | 11.8 | 10.3 | 4.8 |
2021A | 417.3 | 23.9 | 16.6 | 13.0 | 9.3 | 4.7 |
2022E | 474.6 | 24.8 | 17.3 | 12.5 | 9.7 | 4.6 |
2023E | 138.2 | 18.0 | 10.5 | 8.7 | 14.0 | 6.3 |
Get access to the very latest content matched to your personal investment style.