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Lords Group Trading PLC
(LSE:LORD)
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Rating:49Neutral
Price Target:
13.00 p
▼(-2.84% Downside)
Action:Reiterated
Date:10/01/26
The score is held back primarily by weakened profitability (recent net losses) and elevated leverage, despite strong and improving free cash flow. Technicals are broadly neutral-to-mixed with the stock still below key longer-term moving averages. The earnings call reinforces a challenging near-term demand outlook, partially offset by margin improvement initiatives, cost savings, and refinancing headroom.
Positive Factors
Strong free cash flow generation
Positive operating and free cash flow provide internally generated funding for operations, debt reduction, and essential investment. The ability to remain free-cash-flow positive despite weaker earnings gives the company a recurring liquidity cushion and supports balance-sheet repair over the next several quarters.
Negative Factors
Sustained deterioration in profitability
Consecutive annual net losses show that stable-to-modestly growing revenue is not currently converting into adequate bottom-line returns. Compressed operating profit reduces reinvestment capacity, weakens the capital base, and leaves results more exposed to further volume or cost pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Positive operating and free cash flow provide internally generated funding for operations, debt reduction, and essential investment. The ability to remain free-cash-flow positive despite weaker earnings gives the company a recurring liquidity cushion and supports balance-sheet repair over the next several quarters.
Read all positive factors
Lords Group Trading PLC (LORD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£20.37M
Dividend Yield4.24%
Average Volume (3M)136.12K
Price to Earnings (P/E)―
Beta (1Y)0.24
Revenue Growth3.98%
EPS Growth-322.92%
CountryUK
Employees1,042
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)-0.06
Shares Outstanding166,244,840
10 Day Avg. Volume82,852
30 Day Avg. Volume136,115
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.91
Price to Sales (P/S)0.08
P/FCF Ratio1.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£26.75Price Target Upside99.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)£480.00M
Lords Group Trading PLC Business Overview & Revenue Model
Company Description
Lords Group Trading PLC supplies a comprehensive array of construction materials, plumbing and heating equipment, and DIY products. Their diverse clientele spans local tradespeople, property developers, small to medium-sized construction firms, an...
How the Company Makes Money
The company primarily makes money by purchasing building materials and home improvement products from manufacturers and other suppliers and reselling them to customers at a margin. Revenue is generated through the sale and delivery of these produc...
Lords Group Trading PLC Earnings Call Summary
Earnings Call Date:Sep 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:May 26, 2027
Earnings Call Sentiment Neutral
The call presented a mixed but cautious picture. Management highlighted resilient reported revenue, improved gross margins, cost reductions, a positive EBITDA contribution from CMO, refinancing completion, and several operational improvement initiatives. However, these positives were offset by a 6.8% group like-for-like revenue decline, lower EBITDA, higher net debt and leverage above target, significant Plumbing & Heating and Merchanting volume declines, reduced market forecasts, and expectations that difficult market conditions will continue. Management was focused on actions within its control, but the near-term outlook remained challenging.Positive Updates
First-Half Revenue Remained Broadly Resilient
H1 2026 revenue was GBP 232.1 million, broadly in line with H1 2025, despite weaker underlying demand across the end markets.
Negative Updates
Underlying Revenue Declined
Group like-for-like revenue declined 6.8% in H1 2026, reflecting underlying demand weakness across the end markets.
Read all updates
Q2-2026 Updates
Positive
Negative
First-Half Revenue Remained Broadly Resilient
H1 2026 revenue was GBP 232.1 million, broadly in line with H1 2025, despite weaker underlying demand across the end markets.
Read all positive updates
Company Guidance
Management’s outlook assumption is that “the second half conditions will be similar to the first half,” with “not expecting an improvement in market conditions”; priorities are to “convert profit into cash, reduce our leverage by the year end, grow our market share in our Plumbing & Heating division, and improve our EBITDA through implemented cost savings, operational efficiencies, and gross profit improvement.” The group will continue to focus on margin, cost, and working capital discipline, keep CapEx “to an essential maintenance level or for those projects that are offering a particularly high return,” deliver GBP 1.6 million in annualized Merchanting OpEx reduction, GBP 1.5 million annualized P&H savings in full year 2027 and GBP 0.9 million expected in 2026, and expects debt to reduce in the second half through “the natural seasonal flow”; the industry federation reduced its forecast from “a +2.3% in 2026 to a -1.8%,” while PMI was “44.3 in August and well below 50.”Lords Group Trading PLC Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
38
Negative
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 472.75M | 472.80M | 436.68M | 462.60M | 450.02M | 363.29M |
| Gross Profit | 79.72M | 77.80M | 85.23M | 92.36M | 88.78M | 62.72M |
| EBITDA | 16.11M | 18.60M | 20.00M | 22.86M | 28.45M | 22.21M |
| Net Income | -10.13M | -4.40M | -1.97M | 1.38M | 9.12M | 4.76M |
Balance Sheet | ||||||
| Total Assets | 233.91M | 247.20M | 247.16M | 264.46M | 239.88M | 172.31M |
| Cash, Cash Equivalents and Short-Term Investments | 9.09M | 15.00M | 10.31M | 19.81M | 16.04M | 11.40M |
| Total Debt | 106.64M | 100.00M | 102.11M | 99.51M | 77.95M | 41.54M |
| Total Liabilities | 197.40M | 205.20M | 199.55M | 213.29M | 187.69M | 121.56M |
| Stockholders Equity | 35.69M | 40.80M | 45.80M | 49.54M | 50.86M | 39.72M |
Cash Flow | ||||||
| Free Cash Flow | 11.94M | 23.00M | 12.86M | 14.02M | 19.41M | 17.57M |
| Operating Cash Flow | 15.77M | 26.10M | 16.81M | 19.66M | 23.16M | 19.52M |
| Investing Cash Flow | -7.36M | 5.60M | -1.05M | -9.36M | -35.53M | -9.12M |
| Financing Cash Flow | -15.98M | -27.00M | -25.27M | -7.15M | 15.15M | -15.34M |
Lords Group Trading PLC Technical Analysis
Negative
13.38
Price Trends
12.44
Negative
13.83
Negative
16.91
Negative
Market Momentum
-0.03
Negative
48.38
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:LORD, the sentiment is Negative. The current price of 13.38 is above the 20-day moving average (MA) of 12.06, above the 50-day MA of 12.44, and below the 200-day MA of 16.91, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 48.38 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:LORD.
Lords Group Trading PLC Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £206.86M | 1.33 | 8.13% | 6.53% | ― | ― | |
70 Outperform | £1.84B | 14.56 | 7.94% | 3.84% | 8.57% | 0.74% | |
65 Neutral | £3.59B | 22.43 | 11.55% | 2.92% | -0.77% | 6.65% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | £126.72M | 95.61 | 0.71% | 8.95% | 1.30% | -79.90% | |
49 Neutral | £20.37M | -2.01 | -26.48% | 4.24% | 3.98% | -322.92% | |
48 Neutral | £104.48M | -2.03 | -46.37% | 3.17% | -0.75% | 25.17% |
* Industrials Sector Average
GB:LORD
Lords Group Trading PLC
12.25
-19.38
-61.27%
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Lords Group Trading PLC Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Lords Group Trading Holds Revenue Steady but Profit Slides as Markets Stay Weak
Negative
Sep 30, 2026
Lords Group Trading reported flat first-half revenue of £232.1 million as growth from new merchanting branches, CMO and plumbing and heating spares offset weak underlying demand in construction, RMI and plumbing markets. Despite a higher gros...
Business Operations and StrategyDividendsFinancial Disclosures
Lords Group Trading Holds Revenue but Earnings Weaken as Markets Stay Soft
Negative
Sep 30, 2026
Lords Group Trading reported flat first-half revenue of £232.1 million, as gains from new merchanting branches, online arm CMO and plumbing and heating spares offset weak underlying demand. However, like-for-like sales fell 6.8%, adjusted EBI...
Business Operations and StrategyFinancial Disclosures
Lords Group Trading Sets Date for HY 2026 Results and Investor Presentations
Neutral
Sep 22, 2026
Lords Group Trading PLC will publish its half-year results for the six months ended 30 June 2026 on 30 September 2026, a key update for investors tracking performance in the building materials and home improvement sector. The company will host an ...
Business Operations and StrategyRegulatory Filings and Compliance
Lords Group Trading Updates Block Admission Under 2021 Deferred Bonus Plan
Positive
Aug 5, 2026
Lords Group Trading plc has reported an update to its block admission arrangements related to nil-cost options granted under its 2021 Deferred Bonus Plan. The scheme allows employees to subscribe for new ordinary shares, illustrating the company&#...
Regulatory Filings and Compliance
Lords Group Trading Clarifies Total Voting Rights for Shareholders
Neutral
Jul 31, 2026
Lords Group Trading PLC has confirmed that its issued share capital consists of 166,244,846 ordinary shares, each carrying one voting right, with no shares held in treasury. This disclosure clarifies the total voting rights for investors under U.K...
Business Operations and StrategyFinancial Disclosures
Lords Group Trading holds revenue steady, trims 2026 outlook amid market weakness
Negative
Jul 30, 2026
Lords Group Trading PLC reported resilient revenue of £232.0 million for the first half of 2026, essentially flat year-on-year despite widely reported weakness in new housing and wholesale plumbing markets. Merchanting sales dipped but improv...
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.