Want to see GB:SRAD full AI Analyst Report?
Top Page
Stelrad Group Plc
(LSE:SRAD)
Select Model
Select Model
Rating:65Neutral
Price Target:
156.00 p
▲(6.85% Upside)
Action:Reiterated
Date:07/17/26
The score is driven primarily by improved financial resilience (major deleveraging) and solid cash generation, which offset weak recent earnings quality (2025 net margin collapse) and soft revenue. Technicals are supportive with strong uptrend signals, but valuation is a notable headwind due to the very high P/E despite an attractive dividend yield.
Positive Factors
Material deleveraging
The sharp reduction in leverage lowers refinancing sensitivity and interest-related pressure, giving Stelrad greater resilience through uneven construction demand. A stronger capital base also improves flexibility to fund operations and manage future industry cycles.
Negative Factors
Persistent revenue contraction
Multi-year revenue declines point to weaker demand or reduced volumes across the heating-products markets, limiting operating leverage and growth visibility. Continued softness could make it harder to absorb fixed manufacturing and distribution costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Material deleveraging
The sharp reduction in leverage lowers refinancing sensitivity and interest-related pressure, giving Stelrad greater resilience through uneven construction demand. A stronger capital base also improves flexibility to fund operations and manage future industry cycles.
Read all positive factors
Stelrad Group Plc (SRAD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£193.58M
Dividend Yield5.47%
Average Volume (3M)37.37K
Price to Earnings (P/E)14.9
Beta (1Y)0.44
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. Volume23,679
30 Day Avg. Volume37,371
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)£262.96M
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 makes money primarily by selling radiators and related heat-emitter products to customers in the building heating supply chain. Revenue is generated from product sales volumes and the pricing/mix of different radiator types, sizes, a...
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
153.45
Negative
145.83
Positive
138.77
Positive
Market Momentum
-1.04
Negative
51.32
Neutral
46.67
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 below the 20-day moving average (MA) of 150.35, below the 50-day MA of 153.45, and above the 200-day MA of 138.77, indicating a neutral trend. The MACD of -1.04 indicates Negative momentum. The RSI at 51.32 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | £1.31B | 25.69 | 18.46% | 1.69% | 26.72% | 29.51% | |
70 Outperform | £672.04M | 19.43 | 5.19% | 4.88% | 4.33% | -30.43% | |
68 Neutral | £122.70M | 22.23 | 5.51% | 5.25% | 10.68% | -25.87% | |
65 Neutral | £193.58M | 14.95 | 23.96% | 5.49% | -5.92% | 156.82% | |
65 Neutral | £80.49M | 10.95 | 18.04% | 4.91% | -3.47% | -21.11% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
47 Neutral | £280.75M | 917.65 | 0.15% | 3.65% | 6.87% | -91.28% |
* Industrials Sector Average
GB:SRAD
Stelrad Group Plc
148.00
-5.99
-3.89%
GB:ALU
Alumasc
226.00
-68.78
-23.33%
GB:ECEL
Eurocell
122.00
-1.74
-1.41%
GB:NXR
Norcros
310.00
55.81
21.95%
GB:GEN
Genuit Group
264.40
-65.70
-19.90%
GB:FAN
Volution
676.00
55.98
9.03%
Stelrad Group Plc Corporate Events
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...
Other
Stelrad Directors Boost Holdings with Insider Share Purchases
Positive
Jun 26, 2026
Stelrad Group plc reported insider share purchases by two non-executive directors, signalling additional board-level confidence in the company’s prospects. Stuart Watson acquired 9,800 ordinary shares at £1.517 each on 26 June 2026, in ...
Business Operations and StrategyExecutive/Board Changes
Stelrad Appoints Stuart Watson as New Audit and Risk Committee Chair
Positive
Jun 18, 2026
Stelrad Group plc has appointed Stuart Watson as an Independent Non-Executive Director and Chair of its Audit and Risk Committee, effective 19 June 2026, while also joining the Remuneration and Nomination Committees. Watson brings extensive board ...
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.