Stelrad Group Plc (SRAD) AI Stock Analysis

• Market Cap: £203.76M
• Dividend Yield: 3.9%
• Average Volume (3M): 128.61K
• Price to Earnings (P/E): 41.2
• Beta (1Y): 0.26
• Revenue Growth: -3.51%
• EPS Growth: -67.38%
• Country: UK
• Employees: 1,405
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 0.06
• Shares Outstanding: 127,352,554
• 10 Day Avg. Volume: 74,892
• 30 Day Avg. Volume: 128,609
• PEG Ratio: 1.25
• Price to Book (P/B): 3.00
• Price to Sales (P/S): 0.59
• P/FCF Ratio: 8.83
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £200.00
• Price Target Upside: 17.65% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: 175.00p ▲(2.94% Upside)

Stelrad Group Plc's overall stock score is primarily driven by its strong financial performance, characterized by solid profitability and cash flow management. However, technical indicators suggest potential bearish momentum, and the high P/E ratio raises valuation concerns. The dividend yield provides some support, but the lack of recent earnings call data limits additional insights.

Stelrad Group Plc Business Overview & Revenue Model

Company Description

Stelrad Group PLC manufactures and distributes radiators in the United Kingdom, Ireland, Europe, Turkey, and internationally. It provides steel panel radiators, low surface temperature radiators, towel warmers, decorative steel tubular radiators, and other steel column radiators under the Stelrad, Henrad, Termo Teknik, and Hudevad brands. Stelrad Group PLC was founded in 1936 and is headquartered in Newcastle Upon Tyne, the United Kingdom.

How the Company Makes Money

Stelrad Group Plc generates revenue through the design, manufacture, and sale of a comprehensive range of radiators and heating products. Key revenue streams include sales to wholesalers, retailers, and direct to contractors. The company benefits from its extensive distribution network and significant market presence in the UK and Europe. Stelrad also leverages partnerships with construction companies and real estate developers, ensuring its products are integrated into new building projects. Additionally, the company invests in product innovation and energy-efficient heating solutions, aligning with environmental regulations and consumer demand for sustainable products, which further drives sales and revenue growth.

Stelrad Group Plc Financial Statement Overview

Summary

Stelrad Group Plc exhibits solid financial health with strong profitability and cash flow management. The company shows stable gross profit margins and improving EBIT margins, although revenue growth has been inconsistent. High leverage poses potential risks, but effective cost control and strong free cash flow growth are positive indicators.

Income Statement

Stelrad Group Plc shows a stable gross profit margin and improving EBIT margin, indicating solid operational efficiency. However, revenue growth has been inconsistent, showing a slight decline in the latest period. Net profit margin remains healthy, suggesting effective cost control.

Balance Sheet

The company maintains a high debt-to-equity ratio, which could pose risks, but the return on equity is strong, indicating effective use of equity financing. The equity ratio is moderate, signaling a balanced capital structure.

Cash Flow

Stelrad Group Plc demonstrates strong free cash flow growth, reflecting efficient capital expenditure management. The operating cash flow to net income ratio is robust, indicating good cash conversion from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	283.94M	290.58M	308.19M	316.31M	272.29M	196.56M
Gross Profit	85.05M	88.96M	86.85M	80.07M	80.01M	57.19M
EBITDA	38.67M	42.31M	37.39M	24.20M	33.85M	27.20M
Net Income	5.05M	16.52M	15.42M	4.31M	14.66M	8.70M
Balance Sheet
Total Assets	217.35M	220.88M	235.22M	262.40M	179.17M	155.53M
Cash, Cash Equivalents and Short-Term Investments	17.57M	18.63M	21.44M	22.64M	15.56M	20.07M
Total Debt	90.22M	85.54M	90.70M	100.03M	64.66M	89.13M
Total Liabilities	166.03M	163.29M	180.02M	210.95M	152.25M	146.15M
Stockholders Equity	51.32M	57.59M	55.20M	51.45M	26.91M	9.39M
Cash Flow
Free Cash Flow	15.55M	19.55M	26.48M	13.49M	12.81M	17.60M
Operating Cash Flow	22.18M	25.41M	33.57M	23.33M	21.45M	26.24M
Investing Cash Flow	-6.52M	-5.62M	-6.74M	-30.00M	-8.16M	-8.17M
Financing Cash Flow	-14.43M	-21.80M	-27.63M	14.71M	-9.78M	-9.56M

Stelrad Group Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 170.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 170 is above the 20-day moving average (MA) of 165.07, above the 50-day MA of 163.15, and above the 200-day MA of 148.12, indicating a bullish trend. The MACD of 1.97 indicates Negative momentum. The RSI at 59.05 is Neutral, neither overbought nor oversold. The STOCH value of 79.17 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EPWN	―	―	―	16.23%	4.27%	4.67%	93.06%
GEN	―	£913.69M	18.61	7.68%	2.81%	5.88%	107.36%
ALU	―	£96.23M	10.12	―	1.33%	19.86%	19.09%
ECEL	―	£125.78M	16.42	7.23%	4.15%	5.51%	-33.75%
SRAD	―	£203.76M	41.16	9.50%	3.90%	-3.51%	-67.38%
NXR	―	£269.84M	76.73	1.63%	3.44%	-6.12%	-86.98%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Stelrad Group Plc Corporate Events

Stelrad Group Appoints New Company Secretary

Stelrad Group plc has appointed Richard Johnston as its new Company Secretary, succeeding Computershare Company Secretarial Services Limited. Johnston, who joined the company in July 2025, brings over 15 years of experience in governance and compliance, ensuring a smooth transition and continued high-level governance for the company.

The most recent analyst rating on (GB:SRAD) stock is a Hold with a £174.00 price target. To see the full list of analyst forecasts on Stelrad Group Plc stock, see the GB:SRAD Stock Forecast page.

Stelrad Group Reports Resilient Interim Results Amid Market Challenges

Stelrad Group plc reported its interim results for the first half of 2025, highlighting a resilient financial performance despite a challenging market environment. The company maintained its market leadership with a 19.9% share in the European steel panel radiator market, excluding Russia, where it holds a 25.4% share. The group’s adjusted operating profit increased by 1.1% to £15.9 million, supported by margin management and currency gains, although revenue declined by 4.6% due to subdued demand in key markets. Despite these challenges, Stelrad increased its interim dividend by 2% and remains confident in its long-term growth prospects.

The most recent analyst rating on (GB:SRAD) stock is a Buy with a £2.00 price target. To see the full list of analyst forecasts on Stelrad Group Plc stock, see the GB:SRAD Stock Forecast page.