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Hill & Smith Holdings
(LSE:HILS)
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Rating:68Neutral
Price Target:
3,325.00 p
▲(13.29% Upside)
Action:Downgraded
Date:10/11/26
The score is primarily supported by strong financial performance, including sharply higher 2025 revenue and materially improved margins alongside a de-risking balance sheet. Offsetting this, cash-flow volatility (notably the sharp free-cash-flow growth decline in 2025) raises execution/working-capital risk, while valuation is less compelling due to a high P/E and only modest dividend yield. Technically, the longer-term trend remains positive, but near-term momentum is mixed.
Positive Factors
Revenue and Margin Expansion
The combination of sharp revenue expansion and materially stronger gross, operating, and net margins indicates improved operating leverage and product mix. If sustained, this performance can strengthen internally funded growth, support resilience, and improve the company’s earnings base over coming periods.
Negative Factors
Free Cash Flow Volatility
Although cash generation remains substantial, the sharp deterioration in free-cash-flow growth shows that conversion is not consistently smooth. Working-capital movements, investment timing, or one-off cash effects could make funding capacity less predictable across reporting periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Expansion
The combination of sharp revenue expansion and materially stronger gross, operating, and net margins indicates improved operating leverage and product mix. If sustained, this performance can strengthen internally funded growth, support resilience, and improve the company’s earnings base over coming periods.
Read all positive factors
Hill & Smith Holdings (HILS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.30B
Dividend Yield1.79%
Average Volume (3M)227.37K
Price to Earnings (P/E)33.3
Beta (1Y)1.24
Revenue Growth2.80%
EPS Growth-11.76%
CountryUK
Employees5,000
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.89
Shares Outstanding77,973,330
10 Day Avg. Volume128,733
30 Day Avg. Volume227,370
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
£3,424.00Price Target Upside16.66% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.42
Revenue Forecast (FY)£914.97M
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 Holdings makes money primarily by manufacturing and selling engineered infrastructure products and associated services to customers involved in transport infrastructure, utilities, and industrial markets. Revenue is generated through ...
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 | 112.58M | 87.20M |
| 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
Neutral
2935.00
Price Trends
3014.40
Negative
2962.15
Positive
2665.06
Positive
Market Momentum
-25.04
Positive
45.22
Neutral
73.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HILS, the sentiment is Neutral. The current price of 2935 is below the 20-day moving average (MA) of 3028.50, below the 50-day MA of 3014.40, and above the 200-day MA of 2665.06, indicating a neutral trend. The MACD of -25.04 indicates Positive momentum. The RSI at 45.22 is Neutral, neither overbought nor oversold. The STOCH value of 73.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | £4.00B | 16.17 | 22.88% | 1.69% | 12.13% | 47.64% | |
79 Outperform | £824.88M | 19.30 | 17.24% | 1.95% | 7.87% | -23.17% | |
75 Outperform | £660.16M | 17.55 | 14.73% | 2.06% | -6.49% | 22.41% | |
68 Neutral | £2.30B | 33.31 | 15.00% | 1.79% | 2.80% | -11.76% | |
68 Neutral | £1.89B | 9.90 | 24.83% | 4.10% | 10.84% | 24.56% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | £113.10M | -3.24 | -22.06% | 7.63% | 0.74% | -158.37% |
* Industrials Sector Average
GB:HILS
Hill & Smith Holdings
2,965.00
834.81
39.19%
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GB:RNWH
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GB:SFR
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Hill & Smith Holdings Corporate Events
Stock BuybackRegulatory Filings and Compliance
Hill & Smith Cuts Share Count Further as £100m Buyback Programme Progresses
Positive
Oct 5, 2026
Hill Smith PLC has continued to execute its £100 million share buyback programme, repurchasing 38,535 ordinary shares of 25 pence each between 28 September and 2 October 2026 through Jefferies International Limited in on-exchange transaction...
Regulatory Filings and Compliance
Hill & Smith Confirms Current Issued Share Capital and Voting Share Base
Neutral
Oct 1, 2026
Hill Smith PLC has confirmed that, as at 30 September 2026, its issued share capital comprises 78,109,310 ordinary shares of 25 pence each, all carrying voting rights. The company holds no shares in treasury, meaning the entire issued share capit...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Reduces Share Count as £100m Buyback Programme Progresses
Positive
Sep 28, 2026
Hill Smith PLC has continued to execute its £100m share buyback programme, repurchasing 21,699 ordinary shares between 21 and 25 September 2026 via Jefferies International Limited in on-exchange transactions across multiple trading venues. F...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Reduces Share Count as £100m Buyback Programme Progresses
Positive
Sep 21, 2026
Hill Smith PLC has continued to execute its £100m share buyback programme, repurchasing 43,415 ordinary shares between 14 and 18 September 2026 through broker Jefferies International on multiple trading venues. All transactions were conducte...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Tightens Share Count as Buyback Programme Advances
Positive
Sep 14, 2026
Hill Smith PLC has continued to reduce its share capital under a £100 million buyback programme, repurchasing 42,016 ordinary shares between 7 and 11 September 2026 through Jefferies International Limited. Following the latest round of purch...
Business Operations and StrategyExecutive/Board Changes
Hill & Smith Director Pete Raby Takes Chair-Designate Role at Renew Holdings
Positive
Sep 9, 2026
Hill Smith PLC has announced that non-executive director Pete Raby will join the board of Renew Holdings plc as a non-executive director and chair designate, effective 5 October 2026. On taking up the new role, Raby will also sit on Renew’s...
Stock BuybackRegulatory Filings and Compliance
Hill & Smith Reduces Share Count as Buyback Programme Advances
Positive
Sep 7, 2026
Hill Smith PLC has continued to execute its £100m share buyback programme, repurchasing 32,816 ordinary shares between 31 August and 4 September 2026 via Jefferies International across several U.K. trading venues. All acquired shares are bei...
Business Operations and StrategyExecutive/Board Changes
Hill & Smith boosts board with appointment of Sue Clark as senior independent director
Positive
Sep 7, 2026
Hill Smith PLC has strengthened its board with the appointment of Sue Clark as an additional non-executive director, effective 2 October 2026. She will join the Nomination, Audit and Remuneration Committees immediately and is set to become Senior...
Regulatory Filings and Compliance
Hill & Smith Updates Market on Issued Share Capital and Voting Rights
Positive
Sep 1, 2026
Hill Smith PLC reported that as of 31 August 2026 its issued share capital comprised 78,269,977 ordinary shares of 25 pence each, all carrying voting rights. The company confirmed it holds no treasury shares, making this figure the key denominato...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Advances £100m Buyback as Share Count Falls to 78.3m
Positive
Sep 1, 2026
Hill Smith PLC has continued executing its previously announced £100m share buyback programme, repurchasing 42,483 ordinary shares between 24 and 28 August 2026 via Jefferies International across multiple trading venues. Following the cancel...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Reduces Share Count with Ongoing Buyback Programme
Positive
Aug 24, 2026
Hill Smith PLC has repurchased 42,044 ordinary shares between 17 and 21 August 2026 through Jefferies International, as part of its previously announced £100 million share buyback programme. All transactions were executed on exchange across ...
Regulatory Filings and Compliance
Hill & Smith Chair Nick Anderson Increases Stake with Share Purchase
Positive
Aug 17, 2026
Hill Smith has disclosed that its chair, Nick Anderson, purchased 4,120 ordinary shares in the company on 14 August 2026 at a price of £29.216999 per share. The transaction, conducted on the London Stock Exchange, increases the chair’s...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Advances £100m Buyback, Cuts Share Count to 78.4m
Positive
Aug 17, 2026
Hill Smith PLC has continued executing its £100m share buyback programme, repurchasing 23,952 ordinary shares between 10 and 14 August 2026 through Jefferies International on various UK trading venues. Following the cancellation of these sha...
Other
Hill & Smith Discloses Share Purchase by Director’s Associate
Positive
Aug 14, 2026
Hill Smith PLC has disclosed a purchase of company shares by a person closely associated with Senior Independent Director Tony Quinlan. On 13 August 2026, Stephanie Quinlan acquired 1,352 ordinary shares at £29.4325 each, in a transaction ex...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Hill & Smith lifts FY26 profit guidance after U.S.-led first-half surge
Positive
Aug 12, 2026
Hill Smith PLC reported a strong first half, with revenue rising to $606.7 million and organic constant currency growth of 5%, driven by robust demand for infrastructure solutions in the U.S. and growing exposure to higher-growth end markets such...
Stock BuybackRegulatory Filings and Compliance
Hill & Smith Updates Market on Progress of £100m Share Buyback
Positive
Aug 10, 2026
Hill Smith PLC has repurchased 24,270 ordinary shares between 3 and 7 August 2026 through Jefferies International as part of its previously announced £100m share buyback programme. All shares bought were on-exchange and are being cancelled, ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Tightens Share Capital with Ongoing Buyback
Positive
Aug 3, 2026
Hill Smith PLC has continued executing its £100m share buyback programme, repurchasing 39,609 ordinary shares between 27 and 31 July 2026 via Jefferies International on various UK trading venues. The purchases were conducted as on-exchange t...
Regulatory Filings and Compliance
Hill & Smith Confirms Current Share Capital and Voting Rights
Neutral
Aug 3, 2026
Hill Smith PLC has confirmed that as of 31 July 2026 its issued share capital comprises 78,397,751 ordinary shares of 25 pence each, all carrying voting rights. The company holds no shares in treasury, meaning this full share count serves as the ...
Regulatory Filings and Compliance
Hill & Smith Updates Market on Issued Share Capital and Voting Rights
Neutral
Aug 3, 2026
Hill Smith PLC has confirmed that, as of 31 July 2026, its issued share capital comprises 78,397,751 ordinary shares of 25 pence each, all carrying voting rights and with no shares held in treasury. This updated share capital figure provides inve...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hill & Smith Advances £100m Buyback, Cuts Share Count and Voting Base
Positive
Aug 3, 2026
Hill Smith PLC has continued executing its £100m share buyback programme, repurchasing 39,609 ordinary shares between 27 and 31 July 2026 via Jefferies International across multiple trading venues. These shares have been cancelled, reducing ...
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...
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.