Genuit Group (LN: GEN)

Last close As at 04/05/2024

283.50

−14.50 (−4.87%)

Market capitalisation

GBP706m

Edison Investment Research is terminating coverage on Genuit Group. Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

 

Previously published reports can still be accessed via our website.

Latest Insights

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Industrials | Update

Genuit Group — Outlook maintained

Industrials | Update

Genuit Group — Positive trading momentum continues ytd

Industrials | Update

Polypipe — Acquisitions feed into FY21 earnings recovery

Industrials | Update

Polypipe — In cautious recovery mode

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (17.1) (27.3) (57.2)
Relative (11.7) (24.1) (54.4)
52 week high/low 700.0p/271.0p

Financials

Genuit (formerly Polypipe) is a leading supplier of largely plastic building products and systems. Operations in the UK (c 90% of revenue) address a broad range of sectors including residential, commercial and civil building demand and a number of subsectors within them. Overseas revenues are generated through exports, particularly to the Middle East, and a small Italy-based specialist fittings business.

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2020A 398.6 63.4 35.7 13.3 21.3 10.1
2021A 594.3 120.3 91.1 30.2 9.4 8.2
2022E 604.3 128.3 94.3 31.1 9.1 5.8
2023E 638.3 137.3 103.5 34.2 8.3 5.3

Update

Industrials

Polypipe — Delivering in line with strategy

Initiation

Industrials

Polypipe — Aligned with the times