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Weir Group plc (The)
(LSE:WEIR)
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Rating:63Neutral
Price Target:
2,722.00 p
▼(-6.46% Downside)
Action:Reiterated
Date:10/31/26
The score is driven primarily by solid but not pristine financial performance—improving operating profitability offset by higher leverage and uneven cash conversion. Earnings-call commentary is a net positive due to reaffirmed guidance and strong order momentum, but near-term execution and cash-flow phasing risks temper confidence. Technical indicators are currently weak and valuation is only moderately supportive given a ~25.8 P/E and ~1.6% yield.
Positive Factors
Recurring aftermarket model
The installed base creates repeat demand throughout equipment life cycles, making aftermarket revenue less dependent on new mine construction than original equipment sales. This recurring, often higher-margin activity can support customer retention, earnings resilience and cash generation over the next several quarters.
Negative Factors
Higher leverage
The higher debt burden reduces financial flexibility compared with 2024 and increases sensitivity to execution or cash-flow setbacks. Elevated leverage can also raise interest costs and constrain acquisitions, investment and shareholder distributions until the balance sheet is rebuilt.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring aftermarket model
The installed base creates repeat demand throughout equipment life cycles, making aftermarket revenue less dependent on new mine construction than original equipment sales. This recurring, often higher-margin activity can support customer retention, earnings resilience and cash generation over the next several quarters.
Read all positive factors
Weir Group plc (The) (WEIR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.59B
Dividend Yield1.65%
Average Volume (3M)1.09M
Price to Earnings (P/E)25.1
Beta (1Y)1.60
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. Volume829,909
30 Day Avg. Volume1,089,905
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
£3,608.75Price Target Upside24.01% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.31
Revenue Forecast (FY)£2.77B
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 primarily makes money by selling engineered equipment and by providing higher-frequency aftermarket support for that installed base. A significant portion of revenue is generated through: (1) Original equipment sales: one-time sales of minera...
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
Negative
2910.00
Price Trends
2658.67
Negative
2582.93
Negative
2739.28
Negative
Market Momentum
-17.41
Negative
45.76
Neutral
68.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WEIR, the sentiment is Negative. The current price of 2910 is above the 20-day moving average (MA) of 2605.20, above the 50-day MA of 2658.67, and above the 200-day MA of 2739.28, indicating a bearish trend. The MACD of -17.41 indicates Negative momentum. The RSI at 45.76 is Neutral, neither overbought nor oversold. The STOCH value of 68.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | £6.75B | 21.01 | 32.41% | 1.23% | 7.67% | 45.97% | |
76 Outperform | £4.02B | 33.18 | 21.48% | 1.69% | 2.22% | 25.89% | |
66 Neutral | £5.51B | 27.89 | 16.03% | 2.29% | 5.07% | 21.70% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | £6.59B | 25.06 | 13.45% | 1.65% | 5.84% | -14.62% | |
61 Neutral | £7.39B | 4.29 | 92.97% | 2.29% | -33.55% | 4.29% | |
60 Neutral | £1.10B | 27.64 | 34.20% | 6.70% | ― | ― |
* Industrials Sector Average
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Weir Group plc (The) Corporate Events
Business Operations and StrategyExecutive/Board Changes
Weir Group Names Industry Veteran Marc Cameron President of Minerals Division
Positive
Oct 21, 2026
Weir Group plc has appointed Marc Cameron as President of its Minerals Division, effective 26 October 2026, bringing him onto the Group Executive and placing him at the helm of one of the company’s core businesses. Cameron, a veteran of more...
Executive/Board Changes
Weir Group Notes External Board Change for Non-Executive Director
Neutral
Oct 13, 2026
Weir Group plc has reported a change in its directors’ external commitments, noting that non-executive director Barbara Jeremiah has resigned from her role on the board of Senior plc, effective 8 October 2026. While her position at Weir rema...
Executive/Board ChangesRegulatory Filings and Compliance
Weir PLC Grants Restricted Share Award to ESCO Division President
Neutral
Oct 9, 2026
Weir PLC has granted a restricted share award to Brian Doffing, President of the ESCO Division and member of the Group Executive, as part of its broader use of equity-based incentives to align senior leadership with shareholder interests. The awar...
Regulatory Filings and Compliance
Weir PLC CEO Reports Administrative Share Transfers Under UK Disclosure Rules
Neutral
Sep 29, 2026
Weir PLC has reported internal share transfers involving its chief executive officer, Andrew Neilson, and his spouse, Grace Neilson, under UK Market Abuse Regulation disclosure requirements. The transactions concern fully paid ordinary shares of 1...
Business Operations and StrategyExecutive/Board Changes
Weir appoints mining technology veteran Brian Doffing to lead ESCO division
Positive
Sep 23, 2026
Weir Group has appointed industry veteran Brian Doffing as President of its ESCO Division, succeeding Sean Fitzgerald following his retirement, with Doffing joining the group executive team on 28 September 2026 and being based in Portland, U.S. Do...
Regulatory Filings and Compliance
Weir PLC director Nicholas Anderson increases stake with share purchase
Positive
Aug 17, 2026
Weir PLC disclosed that non-executive director Nicholas Anderson purchased 1,470 ordinary shares of 12.5 pence each in the company on 17 August 2026. The transaction was executed on the London Stock Exchange’s Main Market at a price of £...
Business Operations and Strategy
Weir Group Renames Itself Weir PLC Without Affecting Shareholders
Neutral
Aug 12, 2026
Weir PLC has announced a formal change of its corporate name from The Weir Group PLC to Weir PLC, effective 12 August 2026, following the receipt of a Certificate of Incorporation on Change of Name from Companies House. The rebranding is administr...
Business Operations and StrategyExecutive/Board Changes
Weir grants CEO Andrew Neilson top-up restricted share award
Neutral
Aug 3, 2026
The Weir Group PLC has granted Chief Executive Officer Andrew Neilson an award of 7,159 ordinary shares under its Share Reward Plan, structured as a top-up restricted share award linked to his appointment as CEO. The award was valued using a three...
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.