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Weir Group plc (The)
(LSE:WEIR)
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Rating:65Neutral
Price Target:
2,950.00 p
▲(1.37% Upside)
Action:Reiterated
Date:07/30/26
The score is primarily driven by improving operational performance but constrained by higher leverage and uneven cash-flow conversion. The earnings call adds support via reaffirmed guidance and strong order momentum, while technicals are mixed (short-term strength but still below longer-term averages) and valuation looks moderately expensive with only a modest dividend yield.
Positive Factors
Recurring Aftermarket Revenue
Aftermarket orders growing alongside OE and a 1.12 book-to-bill indicate a resilient installed base and recurring spares/service revenue. This supports predictable mid‑term cash flow and margin stability as mining operators renew wear parts and services across multi-year equipment lifecycles.
Negative Factors
Elevated Leverage
A step‑up in leverage and higher interest costs reduce financial flexibility and increase refinancing and covenant risk if cash conversion falters. Elevated net debt/EBITDA constrains capacity for opportunistic investment or bolt‑on M&A and raises sensitivity to cyclical mining capex shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Aftermarket Revenue
Aftermarket orders growing alongside OE and a 1.12 book-to-bill indicate a resilient installed base and recurring spares/service revenue. This supports predictable mid‑term cash flow and margin stability as mining operators renew wear parts and services across multi-year equipment lifecycles.
Read all positive factors
Weir Group plc (The) (WEIR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£7.03B
Dividend Yield1.53%
Average Volume (3M)1.08M
Price to Earnings (P/E)26.7
Beta (1Y)1.64
Revenue Growth5.84%
EPS Growth-14.62%
CountryUK
Employees12,069
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.02
Shares Outstanding259,612,060
10 Day Avg. Volume1,056,238
30 Day Avg. Volume1,076,393
Financial Highlights & Ratios
PEG Ratio-1.43
Price to Book (P/B)3.85
Price to Sales (P/S)2.86
P/FCF Ratio27.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£3,518.13Price Target Upside20.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)1.31
Revenue Forecast (FY)£2.76B
Weir Group plc (The) Business Overview & Revenue Model
Company Description
The Weir Group PLC is a global manufacturer and distributor of advanced, custom-engineered equipment. It operates through two primary divisions: Minerals and ESCO. The Minerals segment provides specialized machinery for handling slurry, along with...
How the Company Makes Money
Weir makes money mainly by selling mining-focused equipment and then generating recurring revenue through aftermarket products and services over the operating life of that equipment. Key revenue streams typically include: (1) Original equipment sa...
Weir Group plc (The) Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 03, 2027
Earnings Call Sentiment Positive
The call presents a broadly positive operational and strategic story: strong order growth (notably in Q2), validated new-product technology, market-share gains, successful software integration with Micromine, and reaffirmation of full-year guidance (margins above 20% and 90%–100% cash conversion). However, the first half shows tangible execution and timing challenges — margin compression, deferred deliveries, elevated working capital, higher leverage and subdued H1 cash conversion — largely attributed to complex production transfers, unusual demand phasing and the early phase of the CapEx cycle. Management provides a clear plan and line of sight for these issues to reverse in H2, and the positives (order book, product wins, pipeline, guidance) materially outweigh the transitory H1 headwinds.Positive Updates
Order Growth and Q2 Acceleration
Orders grew 8% year-on-year on a constant currency basis with notable Q2 acceleration; original equipment (OE) orders up 10% YoY and aftermarket orders up 8% YoY. Book-to-bill was 1.12, increasing the order book by circa GBP 150m in H1.
Negative Updates
H1 Margin Compression
Adjusted operating margins fell to 18.8% in H1, a decrease of 100 basis points YoY. Minerals margins reduced by 170 basis points to 20.1%, driven by mix and production inefficiencies.
Read all updates
Q2-2026 Updates
Positive
Negative
Order Growth and Q2 Acceleration
Orders grew 8% year-on-year on a constant currency basis with notable Q2 acceleration; original equipment (OE) orders up 10% YoY and aftermarket orders up 8% YoY. Book-to-bill was 1.12, increasing the order book by circa GBP 150m in H1.
Read all positive updates
Company Guidance
Management reiterated unchanged full‑year guidance, saying H2 momentum and a 1.12 book‑to‑bill (order book up ~GBP150m) underpin expected growth in constant‑currency revenue, operating profit and margins, with group operating margins above 20% for the full year (H1: 18.8%), delivery of GBP90m cumulative Performance Excellence savings, and full‑year free operating cash conversion of 90–100% (H1: 41%); H1 orders were +8% cc (OE +10%, aftermarket +8%), Micromine ARR growth remains on track >25%, net debt/EBITDA of 2.2x is expected to revert toward the 0.5–1.5x covenant range by year‑end, and the board proposed a 20p interim dividend (+2% y/y).Weir Group plc (The) Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
63
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.64B | 2.56B | 2.51B | 2.64B | 2.47B | 1.93B |
| Gross Profit | 1.04B | 1.09B | 1.02B | 994.90M | 909.70M | 692.10M |
| EBITDA | 601.40M | 594.10M | 519.00M | 489.50M | 420.70M | 362.80M |
| Net Income | 263.00M | 246.90M | 312.20M | 227.90M | 213.40M | 153.30M |
Balance Sheet | ||||||
| Total Assets | 4.64B | 4.54B | 3.79B | 3.89B | 4.06B | 3.50B |
| Cash, Cash Equivalents and Short-Term Investments | 386.60M | 509.00M | 556.40M | 707.20M | 691.20M | 564.40M |
| Total Debt | 1.84B | 1.78B | 1.09B | 1.40B | 1.49B | 1.34B |
| Total Liabilities | 2.63B | 2.62B | 1.93B | 2.19B | 2.32B | 2.04B |
| Stockholders Equity | 2.00B | 1.91B | 1.84B | 1.69B | 1.73B | 1.44B |
Cash Flow | ||||||
| Free Cash Flow | 235.40M | 263.20M | 377.40M | 307.60M | 215.50M | 61.00M |
| Operating Cash Flow | 288.20M | 323.20M | 449.90M | 394.30M | 278.20M | 113.80M |
| Investing Cash Flow | -286.80M | -863.30M | -52.80M | -70.60M | -75.60M | 191.90M |
| Financing Cash Flow | -71.50M | 549.20M | -301.90M | -322.50M | -253.90M | -171.70M |
Weir Group plc (The) Technical Analysis
Neutral
2910.00
Price Trends
2608.84
Positive
2578.97
Positive
2799.25
Negative
Market Momentum
31.51
Positive
51.27
Neutral
18.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WEIR, the sentiment is Neutral. The current price of 2910 is above the 20-day moving average (MA) of 2746.30, above the 50-day MA of 2608.84, and above the 200-day MA of 2799.25, indicating a neutral trend. The MACD of 31.51 indicates Positive momentum. The RSI at 51.27 is Neutral, neither overbought nor oversold. The STOCH value of 18.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:WEIR.
Weir Group plc (The) Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £7.20B | 22.22 | 32.41% | 1.15% | 7.67% | 45.97% | |
76 Outperform | £3.94B | 32.52 | 21.48% | 1.72% | 2.22% | 25.89% | |
69 Neutral | £7.38B | 33.34 | 13.71% | 1.80% | -31.27% | -13.26% | |
67 Neutral | £5.13B | 25.97 | 16.03% | 2.44% | 5.07% | 21.70% | |
65 Neutral | £7.03B | 26.71 | 13.45% | 1.53% | 5.84% | -14.62% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | £1.51B | 37.90 | 34.20% | 4.04% | 24.42% | 103.25% |
* Industrials Sector Average
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Weir Group plc (The) Corporate Events
Regulatory Filings and Compliance
Weir Group Discloses Share Purchase by Non-Executive Director
Neutral
Jul 29, 2026
The Weir Group PLC has disclosed a share dealing by non-executive director Penny Freer, in line with UK Market Abuse Regulation requirements. The transaction underscores the company’s adherence to regulatory transparency around dealings by p...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsProduct-Related Announcements
Weir Group Delivers Strong H1 Orders and Reaffirms Full-Year Outlook
Positive
Jul 29, 2026
Weir Group PLC reported interim results for the six months to 30 June 2026 showing 8% order growth, with strong original equipment and aftermarket demand in core mining markets and revenue up 5%. Adjusted operating margins remained robust at 18.8%...
Executive/Board ChangesRegulatory Filings and Compliance
Weir Group Notes Retirement of Linked Director from Johnson Matthey Board
Neutral
Jul 16, 2026
The Weir Group PLC announced a change in its governance landscape, noting that Barbara Jeremiah has retired from the Board of Directors of Johnson Matthey Plc, effective 16 July 2026. While Jeremiah’s role at Johnson Matthey was external to ...
Regulatory Filings and Compliance
Weir Group Executives Increase Stakes Through Dividend Reinvestment
Positive
Jun 1, 2026
The Weir Group has disclosed a series of share purchases by senior executives under a dividend reinvestment arrangement administered through Computershare Investor Services. Chief executive Jon Stanton, along with division president Kristen Walsh ...
Regulatory Filings and Compliance
Weir Group Discloses Executive Share Sale to Cover Tax Obligations
Neutral
May 11, 2026
The Weir Group PLC reported that division president Kristen Walsh, a person discharging managerial responsibilities, sold a portion of her ordinary shares on 30 April 2026. The sale was executed on the London Stock Exchange’s Main Market and...
Regulatory Filings and Compliance
Weir Group CEO Jon Stanton Transfers Shares Between Nominee Accounts
Neutral
May 8, 2026
The Weir Group PLC reported an administrative transfer of shares held by its Chief Executive Officer, Jon Stanton, between nominee account providers. The move involved shifting 42,203 ordinary shares from Computershare Investor Services PLC to JP ...
Stock BuybackDividendsShareholder Meetings
Weir Group Shareholders Back All Resolutions at 2026 AGM
Positive
Apr 30, 2026
The Weir Group PLC reported the results of its 2026 Annual General Meeting, confirming that all resolutions put to shareholders were passed on a poll. Votes covered routine business such as receiving the financial statements, approving the final d...
Business Operations and StrategyExecutive/Board Changes
Weir Group Names Minerals Chief Andrew Neilson as Next CEO
Positive
Apr 30, 2026
The Weir Group has announced a planned leadership transition in which Minerals Division President Andrew Neilson will succeed Jon Stanton as Chief Executive Officer on 1 August 2026, following Neilson’s election to the Board and period as CE...
Business Operations and StrategyFinancial Disclosures
Weir Group lifts Q1 orders, keeps 2026 guidance as mining projects accelerate
Positive
Apr 30, 2026
Weir Group reported a 4% year-on-year rise in first-quarter orders on a constant-currency basis, driven by robust mine optimisation and expansion activity and strong demand for ESCO mining buckets and ground engaging tools. Original equipment orde...
Business Operations and StrategyFinancial Disclosures
Weir Group posts Q1 order growth and reaffirms 2026 outlook
Positive
Apr 30, 2026
Weir Group reported a 4% year-on-year rise in first-quarter orders on a constant currency basis, supported by strong mine optimisation and expansion demand, and reiterated its 2026 guidance for growth in revenue, operating profit and margins. Orig...
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.