Dowlais Group (LSE: DWL)

Currency in GBP

Last close As at 26/05/2023

GBP1.39

4.80 (3.59%)

Market capitalisation

GBP1,930m

Dowlais is an automotive components group with two core divisions: GKN Automotive is the market leader in drive systems for both ICEs and EVs, and GKN Powder Metallurgy is the leader in sintered component manufacture and number two in metal powders.

Latest Insights

Industrials

Dowlais Group — Positive start to the year

Industrials

Dowlais Group — A premium automotive business

Sector

Industrials

Equity Analyst

David Larkam

David Larkam

Analyst, Industrials

Key Management

  • Roberto Fioroni

    CFO

Balance Sheet

Forecast net cash (£m)

901.5

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 10.8 N/A N/A
Relative 15.0 N/A N/A
52 week high/low 143.5p/117.2p

Financials

Management set out its strategy when the company listed in April. The trading update confirms that it is on track. Volume and top-line growth, as reported, are expected to provide leverage over the restructured cost base and drive margin expansion (target 11%+ pre central costs), to generate strong earnings growth and demonstrate the quality of the operations.

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2021A 4731.0 515.0 109.0 N/A N/A N/A
2022A 5246.0 594.0 212.0 N/A N/A N/A
2023E 5486.6 622.5 259.3 13.26 10.4 3.5
2024E 5798.9 712.7 336.6 17.45 7.9 3.0

Research

Industrials

Dowlais Group — Positive start to the year

Thematics

Industrials

Quantum computing: A booming industry

Industrials

UK housebuilders

Concept of energy storage unit consisting of multiple conected containers with batteries. 3d rednering.

Industrials

Battery energy storage

Consumer

IPO apocalypse

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free