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Stelrad Group Plc
(LSE:SRAD)
Select Model
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Rating:65Neutral
Price Target:
156.00 p
▲(6.85% Upside)
Action:Reiterated
Date:10/17/26
The score is driven primarily by improved financial resilience (significant deleveraging) and solid, consistent cash generation, which offset the key risk: a sharp deterioration in net earnings in the latest period despite steady operating margins. Technical signals are neutral, while valuation is a modest positive due to the mid P/E and high dividend yield.
Positive Factors
Material deleveraging
The sharp reduction in leverage materially lowers refinancing sensitivity and financial risk. A sturdier capital structure gives Stelrad more flexibility to manage cyclical construction demand, preserve liquidity, and allocate cash toward operations or investment over the next several quarters.
Negative Factors
Recent revenue contraction
Several consecutive years of revenue decline indicate weaker demand across the company’s building and renovation markets. Prolonged top-line softness can reduce operating leverage, limit growth investment, and make it harder for Stelrad to translate stable margins into sustained earnings expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Material deleveraging
The sharp reduction in leverage materially lowers refinancing sensitivity and financial risk. A sturdier capital structure gives Stelrad more flexibility to manage cyclical construction demand, preserve liquidity, and allocate cash toward operations or investment over the next several quarters.
Read all positive factors
Stelrad Group Plc (SRAD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£201.22M
Dividend Yield5.22%
Average Volume (3M)72.03K
Price to Earnings (P/E)15.5
Beta (1Y)0.48
Revenue Growth-5.92%
EPS Growth156.82%
CountryUK
Employees1,300
SectorIndustrials
Sector Strength72
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.10
Shares Outstanding127,352,554
10 Day Avg. Volume110,806
30 Day Avg. Volume72,026
Financial Highlights & Ratios
PEG Ratio-2.24
Price to Book (P/B)3.35
Price to Sales (P/S)0.64
P/FCF Ratio8.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£190.00Price Target Upside30.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.14
Revenue Forecast (FY)£259.81M
Stelrad Group Plc Business Overview & Revenue Model
Company Description
Stelrad Group PLC is a key player in the production and supply of radiators, with operations spanning the United Kingdom, Ireland, various European countries, Turkey, and other global markets. The company provides a diverse array of heating soluti...
How the Company Makes Money
Stelrad Group Plc makes money primarily by selling radiators and related heating products to customers in the building and heating supply chain. Key revenue streams typically include: (1) product sales of radiators/heat emitters (the core business...
Stelrad Group Plc Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
68
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 267.13M | 279.60M | 290.58M | 308.19M | 316.31M | 272.29M |
| Gross Profit | 89.63M | 86.27M | 88.96M | 86.85M | 80.07M | 80.01M |
| EBITDA | 41.91M | 38.82M | 42.31M | 37.39M | 24.20M | 33.85M |
| Net Income | 12.95M | 844.00K | 16.52M | 15.42M | 4.31M | 14.66M |
Balance Sheet | ||||||
| Total Assets | 206.32M | 206.87M | 220.88M | 235.22M | 262.40M | 179.17M |
| Cash, Cash Equivalents and Short-Term Investments | 17.58M | 18.98M | 18.63M | 21.44M | 22.64M | 15.56M |
| Total Debt | 81.08M | 76.99M | 85.54M | 90.70M | 100.03M | 64.66M |
| Total Liabilities | 151.64M | 153.49M | 163.29M | 180.02M | 210.95M | 152.25M |
| Stockholders Equity | 54.68M | 53.38M | 57.59M | 55.20M | 51.45M | 26.91M |
Cash Flow | ||||||
| Free Cash Flow | 20.40M | 22.29M | 19.55M | 26.48M | 13.49M | 12.81M |
| Operating Cash Flow | 25.25M | 27.50M | 25.41M | 33.57M | 23.33M | 21.45M |
| Investing Cash Flow | -4.64M | -5.07M | -5.62M | -6.74M | -30.00M | -8.16M |
| Financing Cash Flow | -20.57M | -22.88M | -21.80M | -27.63M | 14.71M | -9.78M |
Stelrad Group Plc Technical Analysis
Positive
146.00
Price Trends
144.00
Positive
147.66
Positive
137.79
Positive
Market Momentum
2.86
Negative
66.23
Neutral
78.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SRAD, the sentiment is Positive. The current price of 146 is above the 20-day moving average (MA) of 145.31, above the 50-day MA of 144.00, and above the 200-day MA of 137.79, indicating a bullish trend. The MACD of 2.86 indicates Negative momentum. The RSI at 66.23 is Neutral, neither overbought nor oversold. The STOCH value of 78.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SRAD.
Stelrad Group Plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £1.27B | 20.13 | 20.92% | 1.77% | 15.67% | 50.33% | |
72 Outperform | £87.65M | 11.92 | 16.97% | 6.20% | -5.55% | -21.94% | |
68 Neutral | £136.98M | 24.82 | 5.51% | 4.75% | 10.68% | -25.87% | |
65 Neutral | £201.22M | 15.54 | 23.96% | 5.22% | -5.92% | 156.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | £662.96M | 19.17 | 5.19% | 4.90% | 4.33% | -30.43% | |
54 Neutral | £269.99M | 882.35 | 0.15% | 3.77% | 6.87% | -91.28% |
* Industrials Sector Average
GB:SRAD
Stelrad Group Plc
158.00
-1.87
-1.17%
GB:ALU
Alumasc
245.00
-12.08
-4.70%
GB:ECEL
Eurocell
139.00
21.31
18.11%
GB:NXR
Norcros
300.00
11.14
3.86%
GB:GEN
Genuit Group
263.00
-89.49
-25.39%
GB:FAN
Volution
644.00
-0.55
-0.08%
Stelrad Group Plc Corporate Events
Regulatory Filings and Compliance
Stelrad Director Sells Shares in Personal Financial Planning Move
Neutral
Oct 5, 2026
Stelrad Group plc has disclosed that Non-Executive Director Robert Ellis sold 65,000 ordinary shares in the company at £1.465 per share on 2 October 2026, as part of a personal financial planning exercise. Following the disposal, Ellis retain...
Regulatory Filings and Compliance
Stelrad Discloses Share Sale by Non-Executive Director Robert Ellis
Neutral
Sep 21, 2026
Stelrad Group Plc has disclosed that non-executive director Robert Ellis sold 45,091 ordinary shares in the company on 18 September 2026 at £1.453 per share, as part of a personal financial planning exercise. Following the transaction, Ellis ...
Regulatory Filings and Compliance
Stelrad Discloses Share Sale by Non-Executive Director Robert Ellis
Neutral
Sep 4, 2026
Stelrad Group plc has disclosed that non-executive director Robert Ellis sold 166,734 ordinary shares in the company on 3 September 2026 at a price of £1.457 per share. The disposal, executed on the London Stock Exchange, formed part of a per...
Business Operations and StrategyDividendsFinancial Disclosures
Stelrad lifts profit and margins despite softer radiator demand
Positive
Aug 7, 2026
Stelrad Group, a leading radiator manufacturer with operations across the UK, Europe and Turkey, reported resilient interim results for the six months to 30 June 2026, combining lower revenue with sharply higher profitability. The company leverage...
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.