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Hill & Smith Holdings
(LSE:HILS)
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Rating:75Outperform
Price Target:
3,283.00 p
▲(11.86% Upside)
Action:Reiterated
Date:07/11/26
The score is primarily supported by strong recent financial performance (rapid 2025 growth and margin expansion) and an improving, lower-leverage balance sheet. Technicals add support with price trading above key moving averages and positive momentum indicators. The main offsets are a relatively high P/E with only a modest dividend yield, and cash-flow volatility (including a sharp 2025 free-cash-flow growth decline) that raises monitoring risk.
Positive Factors
Revenue & Margin Expansion
Material 2025 revenue step-up (~56% YoY) with operating margin rising to ~16% and net margin ~9.5% suggests improved mix and operating leverage. This strengthens sustainable earnings power, supports reinvestment and enhances medium-term profit conversion across cycles.
Negative Factors
Free Cash Flow Volatility
A dramatic ~-660% FCF growth swing in 2025, plus prior working-capital variability, indicates cash generation can be episodic. Such volatility complicates forecasting, stresses liquidity in weak quarters and can constrain steady capital returns or investment plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Expansion
Material 2025 revenue step-up (~56% YoY) with operating margin rising to ~16% and net margin ~9.5% suggests improved mix and operating leverage. This strengthens sustainable earnings power, supports reinvestment and enhances medium-term profit conversion across cycles.
Read all positive factors
Hill & Smith Holdings (HILS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.29B
Dividend Yield1.83%
Average Volume (3M)197.69K
Price to Earnings (P/E)32.5
Beta (1Y)1.35
Revenue Growth2.80%
EPS Growth-11.76%
CountryUK
Employees5,000
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.89
Shares Outstanding78,237,160
10 Day Avg. Volume180,532
30 Day Avg. Volume197,689
Financial Highlights & Ratios
PEG Ratio2.47
Price to Book (P/B)3.62
Price to Sales (P/S)1.98
P/FCF Ratio15.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£3,340.00Price Target Upside13.80% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)1.41
Revenue Forecast (FY)£909.15M
Hill & Smith Holdings Business Overview & Revenue Model
Company Description
Hill & Smith Holdings PLC is a prominent international supplier and manufacturer of critical infrastructure components. Its operations span the United Kingdom, continental Europe, North America, the Middle East, and various parts of Asia. The comp...
How the Company Makes Money
Hill & Smith makes money primarily by selling engineered products and related services to customers involved in building, operating, and maintaining infrastructure. Revenue is generated through (1) manufacturing and supplying physical infrastructu...
Hill & Smith Holdings Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 888.22M | 868.80M | 855.10M | 829.80M | 732.10M | 625.20M |
| Gross Profit | 352.38M | 353.50M | 341.80M | 316.70M | 270.50M | 236.00M |
| EBITDA | 185.98M | 182.90M | 158.10M | 142.00M | 110.20M | 82.10M |
| Net Income | 70.66M | 82.50M | 76.40M | 68.80M | 56.70M | 34.20M |
Balance Sheet | ||||||
| Total Assets | 870.30M | 761.90M | 796.00M | 715.00M | 694.30M | 673.30M |
| Cash, Cash Equivalents and Short-Term Investments | 62.84M | 70.40M | 55.00M | 34.40M | 24.80M | 18.80M |
| Total Debt | 191.60M | 121.20M | 145.50M | 142.80M | 144.50M | 161.80M |
| Total Liabilities | 403.39M | 286.90M | 320.30M | 290.50M | 299.30M | 333.70M |
| Stockholders Equity | 466.91M | 475.00M | 475.70M | 424.50M | 395.00M | 339.60M |
Cash Flow | ||||||
| Free Cash Flow | 78.35M | 107.50M | 107.70M | 99.70M | 28.70M | 46.50M |
| Operating Cash Flow | 113.11M | 136.70M | 129.00M | 129.20M | 49.60M | 65.70M |
| Investing Cash Flow | -67.73M | -27.50M | -69.00M | -77.10M | 14.00M | -25.10M |
| Financing Cash Flow | -55.86M | -87.50M | -43.50M | -41.10M | -58.80M | -36.40M |
Hill & Smith Holdings Technical Analysis
Positive
2935.00
Price Trends
2930.10
Positive
2783.96
Positive
2498.58
Positive
Market Momentum
-7.09
Positive
50.87
Neutral
51.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HILS, the sentiment is Positive. The current price of 2935 is below the 20-day moving average (MA) of 2941.75, above the 50-day MA of 2930.10, and above the 200-day MA of 2498.58, indicating a neutral trend. The MACD of -7.09 indicates Positive momentum. The RSI at 50.87 is Neutral, neither overbought nor oversold. The STOCH value of 51.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:HILS.
Hill & Smith Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | £729.89M | 16.76 | 17.24% | 2.25% | 7.87% | -23.17% | |
75 Outperform | £592.09M | 15.60 | 14.73% | 1.87% | -6.49% | 22.41% | |
75 Outperform | £2.29B | 32.47 | 15.00% | 1.83% | 2.80% | -11.76% | |
70 Outperform | £4.09B | 16.42 | 22.88% | 1.61% | 12.13% | 47.64% | |
68 Neutral | £2.00B | 10.38 | 24.83% | 3.79% | 10.84% | 24.56% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | £110.17M | -3.16 | -22.06% | 7.63% | 0.74% | -158.37% |
* Industrials Sector Average
GB:HILS
Hill & Smith Holdings
2,890.00
823.47
39.85%
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Hill & Smith Holdings Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Reduces Share Capital as £100m Buyback Programme Progresses
Positive
Jul 27, 2026
Hill Smith PLC has continued to execute its £100m share buyback programme, purchasing 16,356 ordinary shares between 20 and 24 July 2026 through Jefferies International as on-exchange transactions. Following settlement and cancellation of th...
Business Operations and StrategyRegulatory Filings and Compliance
Hill & Smith Updates Market on Employee Share Scheme Activity
Neutral
Jul 22, 2026
Hill Smith PLC operates in the industrial and infrastructure products sector, providing engineered solutions such as safety barriers, structural components and related systems for transport, construction and other infrastructure markets. The comp...
Stock BuybackRegulatory Filings and Compliance
Hill & Smith Cuts Share Count as £100m Buyback Programme Progresses
Positive
Jul 20, 2026
Hill Smith PLC has continued to execute its £100m share buyback programme, repurchasing 40,346 ordinary shares between 13 and 17 July 2026 across multiple trading venues via Jefferies International Limited. The purchases were conducted as on...
Stock BuybackRegulatory Filings and Compliance
Hill & Smith Tightens Free Float with Further Share Buybacks
Positive
Jul 13, 2026
Hill Smith PLC has continued to execute its £100m share buyback programme, repurchasing 41,274 ordinary shares of 25 pence each between 6 July and 10 July 2026 via Jefferies International. All transactions were carried out on-exchange across...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Reduces Share Count as £100m Buyback Programme Progresses
Positive
Jul 6, 2026
Hill Smith PLC has continued to execute its previously announced £100m share buyback programme, repurchasing 42,564 ordinary shares of 25 pence each between 29 June and 3 July 2026 through Jefferies International Limited in on-exchange trade...
Regulatory Filings and Compliance
Hill & Smith Confirms Updated Share Capital and Voting Rights Base
Neutral
Jul 1, 2026
Hill Smith PLC has confirmed that, as of 30 June 2026, its issued share capital comprises 78,552,974 ordinary shares of 25 pence each, all carrying voting rights and with no shares held in treasury. This updated share capital figure provides the ...
Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Hill & Smith Shrinks Share Count as £100m Buyback Advances
Positive
Jun 29, 2026
Hill Smith PLC has continued executing its £100m share buyback programme, repurchasing 41,152 ordinary shares between 22 and 26 June 2026 via Jefferies International across multiple trading venues. Following settlement and cancellation of th...
Stock BuybackRegulatory Filings and Compliance
Hill & Smith advances £100m buyback, cuts share count and updates voting rights
Positive
Jun 22, 2026
Hill Smith PLC has continued executing its previously announced £100m share buyback, repurchasing 41,419 ordinary shares between 15 and 19 June 2026 via Jefferies International across multiple trading venues as on-exchange transactions. Foll...
Business Operations and StrategyDividendsFinancial Disclosures
Hill & Smith shifts reporting currency to US dollar as US operations drive growth
Positive
Jun 18, 2026
Hill Smith PLC will switch its reporting currency to the US dollar from the interim results for the six months ending 30 June 2026, reflecting the growing weight of its US operations, which accounted for 63% of revenues and 79% of operating profi...
Stock BuybackRegulatory Filings and Compliance
Hill & Smith Cuts Share Count Further as £100m Buyback Progresses
Positive
Jun 15, 2026
Hill Smith PLC has continued executing its previously announced £100m share buyback programme, repurchasing 42,069 ordinary shares between 8 and 12 June 2026 via Jefferies International on multiple UK trading venues. Following settlement and...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Advances £100m Buyback, Cuts Share Count to 78.7m
Positive
Jun 8, 2026
Hill Smith PLC has continued to execute its £100m share buyback programme, repurchasing 42,644 ordinary shares between 1 and 5 June 2026 via Jefferies International across multiple trading venues. Following the cancellation of these shares, ...
Regulatory Filings and Compliance
Hill & Smith Chair Nick Anderson Increases Stake With Share Purchase
Positive
Jun 4, 2026
Hill Smith PLC has disclosed that its chair, Nick Anderson, has purchased 3,750 ordinary shares in the company at a price of £27.469709 per share. The transaction, conducted on 4 June 2026 on the London Stock Exchange, increases the chair...
Regulatory Filings and Compliance
Hill & Smith Confirms Issued Share Capital and Voting Rights Baseline
Neutral
Jun 1, 2026
Hill Smith PLC has confirmed that, as of 31 May 2026, it has 78,724,309 ordinary shares of 25 pence each in issue, all carrying voting rights and with none held in treasury. The disclosed share count provides the official denominator for investor...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Launches Second £50m Phase of £100m Share Buyback
Positive
Jun 1, 2026
Hill Smith has completed the first approximately £50 million tranche of its previously announced £100 million share buyback programme, repurchasing and cancelling 2,141,741 ordinary shares. The company has now mandated Jefferies Interna...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Completes First £50m Buyback Tranche and Launches Second Phase
Positive
Jun 1, 2026
Hill Smith PLC has completed the first approximately £50 million tranche of its previously announced £100 million share buyback programme, repurchasing and cancelling 2,141,741 ordinary shares. The company has now mandated Jefferies Int...
Regulatory Filings and Compliance
Hill & Smith CFO Exercises Deferred Bonus Award and Sells Shares to Cover Tax
Neutral
May 27, 2026
Hill Smith PLC has disclosed that its chief financial officer, Chris McLeish, exercised an award under his 2023 Deferred Bonus Buy-Out scheme, acquiring 5,690 ordinary shares at nil cost. As part of the same transaction on 26 May 2026, McLeish so...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Hill & Smith Ties New Executive LTIP Awards to Financial and ESG Targets
Positive
May 27, 2026
Hill Smith PLC has granted new nil-cost share options to its chief executive, chief financial officer and a group president under the company’s 2023 Long Term Incentive Plan, based on a reference share price of £27.60. The awards, whic...
Business Operations and StrategyStock Buyback
Hill & Smith Continues £100m Buyback with Further Share Cancellation
Positive
May 22, 2026
Hill Smith PLC has continued executing its previously announced £100m share buyback, repurchasing 18,000 ordinary shares on 21 May 2026 for cancellation at prices between 2,635p and 2,650p, with a volume-weighted average price of 2,646.9464p...
Executive/Board ChangesStock BuybackDividendsShareholder Meetings
Hill & Smith Wins Shareholder Backing for All AGM Resolutions and 35p Final Dividend
Positive
May 21, 2026
Hill Smith PLC reported that shareholders approved all resolutions at its annual general meeting held on 21 May 2026, including the receipt of the 2025 annual report and accounts and a final dividend of 35 pence per share. Investors also backed a...
Business Operations and StrategyStock Buyback
Hill & Smith Continues £100m Buyback With Latest Share Cancellation
Positive
May 21, 2026
Hill Smith PLC has repurchased 19,252 ordinary shares for cancellation as part of its ongoing £100m share buyback programme, with the latest transactions executed on the London Stock Exchange via Deutsche Bank’s London branch. Followin...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A Transactions
Hill & Smith lifts profit guidance as US-led growth offsets UK softness
Positive
May 21, 2026
Hill Smith PLC reported a strong start to 2026, with group revenue up 5% on an organic constant currency basis and operating margins broadly in line with last year, driven by double-digit organic growth in its US businesses. The company highlight...
Business Operations and StrategyStock Buyback
Hill & Smith Advances £100m Buyback with Further Share Cancellation
Positive
May 20, 2026
Hill Smith PLC has continued executing its previously announced £100m share buyback programme, purchasing 25,000 ordinary shares on 19 May 2026 for cancellation through Deutsche Bank’s London branch. The transaction, conducted on the L...
Business Operations and StrategyStock Buyback
Hill & Smith Advances £100m Buyback with Further Share Cancellation
Positive
May 19, 2026
Hill Smith PLC has continued executing its previously announced £100 million share buyback programme, purchasing 25,000 ordinary shares for cancellation on 18 May 2026 through Deutsche Bank’s London branch. The shares were bought on th...
Executive/Board Changes
Hill & Smith Senior Independent Director Takes Non-Executive Role at Harworth
Positive
May 18, 2026
Hill Smith PLC has announced that its Senior Independent Director, Tony Quinlan, will join the Board of Harworth Group plc as an independent Non-Executive Director from 1 June 2026. He will also serve on Harworth’s Audit and Remuneration co...
Business Operations and StrategyStock Buyback
Hill & Smith Cancels Further Shares as £100m Buyback Advances
Positive
May 18, 2026
Hill Smith PLC has continued its previously announced £100 million share buyback programme, repurchasing 25,000 ordinary shares on 15 May 2026 for cancellation via Deutsche Bank’s London branch. The latest tranche was executed as an on...
Business Operations and StrategyStock Buyback
Hill & Smith Cancels Further Shares Under £100m Buyback Programme
Positive
May 15, 2026
Hill Smith PLC has repurchased 16,818 ordinary shares on 14 May 2026 from Deutsche Bank’s London branch under its previously announced £100m share buyback programme. The shares, bought on the London Stock Exchange at prices between 2,5...
Business Operations and StrategyStock Buyback
Hill & Smith Advances £100m Buyback With New Share Cancellation
Positive
May 14, 2026
Hill Smith PLC has continued to execute its £100m share buyback programme, repurchasing 25,000 ordinary shares on 13 May 2026 via Deutsche Bank’s London branch at a volume-weighted average price of 2,527.5740 pence. Following the cance...
Business Operations and StrategyStock Buyback
Hill & Smith Continues £100m Buyback With Further Share Cancellation
Positive
May 13, 2026
Hill Smith PLC has repurchased and cancelled 22,000 ordinary shares at prices between 2,520p and 2,565p as part of its previously announced £100m share buyback programme. Following this latest on-exchange transaction, executed through Deutsc...
Business Operations and StrategyStock Buyback
Hill & Smith Continues £100m Buyback with Further Share Cancellation
Positive
May 12, 2026
Hill Smith PLC has cancelled 22,000 ordinary shares, purchased on 11 May 2026 from Deutsche Bank AG’s London branch, as part of its ongoing £100 million share buyback programme launched in August 2025. The shares were acquired via on-e...
Business Operations and StrategyStock Buyback
Hill & Smith Advances £100m Buyback With Fresh Share Cancellation
Positive
May 11, 2026
Hill Smith PLC has continued its £100 million share buyback, repurchasing and cancelling 15,000 ordinary shares on 8 May 2026 at a volume-weighted average price of 2,587.0477 pence, in an on-exchange transaction executed by Deutsche BankR...
Regulatory Filings and Compliance
Hill & Smith Confirms Updated Share Capital and Voting Rights Baseline
Neutral
May 1, 2026
Hill Smith PLC has confirmed that, as of 30 April 2026, its issued share capital comprises 78,926,114 ordinary shares of 25 pence each, all of which carry voting rights and none of which are held in treasury. This updated share capital figure ser...
Business Operations and StrategyStock Buyback
Hill & Smith Continues £100m Buyback With Further Share Cancellation
Positive
Apr 30, 2026
Hill Smith PLC has continued to execute its £100m share buyback programme, repurchasing 3,190 ordinary shares on 29 April 2026 for cancellation through Deutsche Bank AG’s London branch. The shares were bought on the London Stock Exchan...
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.