Added to YB: 2026-03-26
Pitch date: 2026-03-24
GDWN.L [neutral]
Goodwin PLC
-2.84%
current return
Author Info
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Company Info
Goodwin PLC, together with its subsidiaries, provides mechanical and refractory engineering solutions in the United Kingdom, rest of Europe, the United States, the Pacific Basin, and internationally.
Market Cap
GBP 897.4M
Pitch Price
GBP 141.00
Price Target
N/A
Dividend
2.34%
EV/EBITDA
14.13
P/E
22.63
EV/Sales
3.66
Sector
Machinery
Category
turnaround
Goodwin: A Jim Bowen Moment
GDWN.L (update): Trading in-line but shares fell 47% after highlighting lost tenders: €18M Estonia radar contract & £45M Sellafield tender (different product vs existing SSB contracts). Firm order book £288M (from £365M Oct). Middle East valve delays (no cancellations) affect revenue timing. Duvelco sales pushed to FY27. Foundry expansion underway signals major order expected. Div policy may revert to 38% payout from 58%. Now 15-20x PE vs structurally attractive defence/nuclear/LNG markets.
Read full article (11 min)