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Billington Holdings
(LSE:BILN)
Select Model
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Rating:56Neutral
Price Target:
451.00 p
▲(10.00% Upside)
Action:Reiterated
Date:09/18/26
The score is held back primarily by the sharp 2025 margin/earnings decline and weak free-cash-flow conversion, despite a notably strong, low-debt balance sheet. Technical indicators are currently soft (negative MACD and sub-50 RSI), and valuation is stretched with a high P/E, partly offset by a moderate dividend yield.
Positive Factors
Low leverage and financial flexibility
Very low leverage gives Billington resilience through construction cycles and reduces the burden of interest and refinancing obligations. A substantial equity base also preserves flexibility to fund projects, absorb earnings volatility, and pursue opportunities without relying heavily on external debt.
Negative Factors
Sharp margin compression
The steep margin decline indicates a material reset in recent earnings power and leaves less room for project cost overruns or adverse mix. If low profitability persists, it could constrain reinvestment, weaken returns on capital, and make earnings more sensitive to contract execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and financial flexibility
Very low leverage gives Billington resilience through construction cycles and reduces the burden of interest and refinancing obligations. A substantial equity base also preserves flexibility to fund projects, absorb earnings volatility, and pursue opportunities without relying heavily on external debt.
Read all positive factors
Billington Holdings (BILN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£58.82M
Dividend Yield2.42%
Average Volume (3M)26.10K
Price to Earnings (P/E)27.5
Beta (1Y)0.06
Revenue Growth11.26%
EPS Growth-64.62%
CountryUK
Employees449
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.17
Shares Outstanding13,334,327
10 Day Avg. Volume35,728
30 Day Avg. Volume26,104
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)0.87
Price to Sales (P/S)0.46
P/FCF Ratio27.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.45
Revenue Forecast (FY)£125.00M
Billington Holdings Business Overview & Revenue Model
Company Description
Billington Holdings Plc specializes in the engineering, production, and installation of structural steel elements, catering to projects throughout the United Kingdom, continental Europe, and internationally. The company's expertise extends to craf...
How the Company Makes Money
Billington Holdings makes money primarily by winning construction and engineering contracts to design, fabricate, and deliver structural steelwork and related products for third-party building projects. Revenue is typically generated on a per-proj...
Billington Holdings Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
83
Very Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 107.86M | 95.69M | 113.06M | 132.50M | 86.61M | 82.72M |
| Gross Profit | 9.26M | 7.51M | 14.72M | 54.31M | 8.94M | 4.17M |
| EBITDA | 6.11M | 5.06M | 13.23M | 15.69M | 7.97M | 2.16M |
| Net Income | 2.19M | 1.33M | 8.27M | 10.32M | 4.73M | 68.00K |
Balance Sheet | ||||||
| Total Assets | 77.42M | 72.33M | 78.11M | 81.60M | 60.68M | 52.95M |
| Cash, Cash Equivalents and Short-Term Investments | 12.62M | 20.53M | 21.70M | 22.08M | 11.63M | 10.38M |
| Total Debt | 1.08M | 1.20M | 1.64M | 1.80M | 2.69M | 1.00M |
| Total Liabilities | 26.20M | 21.94M | 25.09M | 33.76M | 26.33M | 23.56M |
| Stockholders Equity | 51.23M | 50.39M | 53.02M | 47.84M | 34.35M | 29.39M |
Cash Flow | ||||||
| Free Cash Flow | -2.44M | 1.62M | 3.63M | 13.05M | 2.00M | -4.26M |
| Operating Cash Flow | -373.00K | 4.74M | 8.63M | 15.95M | 6.51M | -1.91M |
| Investing Cash Flow | -1.62M | -1.86M | -4.67M | -2.63M | -4.57M | -2.06M |
| Financing Cash Flow | -4.12M | -4.04M | -4.42M | -2.87M | -687.00K | -774.00K |
Billington Holdings Technical Analysis
Positive
410.00
Price Trends
420.70
Positive
414.19
Positive
391.12
Positive
Market Momentum
12.15
Negative
85.67
Negative
56.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BILN, the sentiment is Positive. The current price of 410 is below the 20-day moving average (MA) of 432.50, below the 50-day MA of 420.70, and above the 200-day MA of 391.12, indicating a bullish trend. The MACD of 12.15 indicates Negative momentum. The RSI at 85.67 is Negative, neither overbought nor oversold. The STOCH value of 56.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BILN.
Billington Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £2.24B | 14.79 | 24.09% | 2.43% | 9.58% | 14.74% | |
67 Neutral | £44.47M | 8.74 | 3.92% | 2.83% | 29.24% | 224.63% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | £27.80M | -41.57 | -5.56% | 4.05% | 16.81% | -146.63% | |
56 Neutral | £58.82M | 27.46 | 4.31% | 2.42% | 11.26% | -64.62% | |
49 Neutral | £8.49M | -5.31 | -5.93% | 2.13% | 9.94% | 50.24% |
* Industrials Sector Average
GB:BILN
Billington Holdings
455.00
177.59
64.02%
GB:KLR
Keller Group plc
3,280.00
1,799.22
121.50%
GB:SMJ
J Smart & Co (Contractors)
115.00
-11.64
-9.19%
GB:NEXS
Nexus Infrastructure Plc
94.00
-30.07
-24.24%
GB:HERC
Hercules Site Services Plc
37.50
0.50
1.35%
Billington Holdings Corporate Events
Business Operations and StrategyFinancial Disclosures
Billington Wins £42m Data Centre Contracts, Extends Order Book Visibility
Positive
Sep 17, 2026
Billington Holdings has secured two significant new contracts for data centre projects with a combined expected value of about £42 million, both awarded by new clients. The first project, the initial phase of a larger development, will start ...
Business Operations and StrategyExecutive/Board Changes
Billington refreshes board as major shareholder installs new non-executive director
Positive
Aug 27, 2026
Billington Holdings has reshaped its board, appointing Swiss-based engineering executive Olivier Aebi as a non-executive director while long-serving board member Alexander Ospelt steps down following his election as president of the International ...
Business Operations and StrategyExecutive/Board Changes
Billington reshapes leadership at core structures division to drive growth
Positive
Jul 29, 2026
Billington Holdings has announced two senior leadership changes at its core Billington Structures division, effective 1 August 2026, aimed at supporting long-term growth and operational efficiency. Kevin Campbell, currently Managing Director of Bi...
Business Operations and Strategy
Billington Wins £28m in New Structural Steel Contracts Across Key U.K. Sectors
Positive
Jul 21, 2026
Billington Holdings has secured three significant contracts with a combined expected value of about £28 million, largely scheduled for delivery in 2027. The wins span a new multi-storey education campus in North-West London, an energy-from-wa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.