Added to YB: 2024-04-03
Pitch date: 2024-04-01
WEIR.L [bullish]
The Weir Group PLC
+45.14%
current return
Author Info
No bio for this author
Company Info
The Weir Group PLC, together with its subsidiaries, produces and sells highly engineered original equipment worldwide.
Market Cap
GBP 6.7B
Pitch Price
GBP 19.68
Price Target
2.5K (+8654%)
Dividend
1.54%
EV/EBITDA
14.74
P/E
21.40
EV/Sales
2.89
Sector
Machinery
Category
growth
Buried Treasure: LON:WEIR
WEIR.L: Initiating at £17.70; PT £25 (+40%). Pure-play mining equip co transformed via divestments. 77% aftermarket sales, 6% CAGR thru-cycle. Copper supply gap + aging fleet = strong AM demand. Unmatched 75-80% high-quality AM exposure vs peers. Harvesting ESCO synergies. 9.6% sales CAGR FY18-23; 20%+ EBIT margin by FY26. DCF suggests further upside. Risks: competition, macro.
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