Stelrad Group plc
Stelrad Group plc designs, manufactures, and distributes radiators and heating systems for residential and commercial applications.
Business. Stelrad Group plc (SRAD.L) is an industrial goods company operating within the Electrical Components & Equipment industry. The firm generates revenue through the sale of products, though specific operating segments and geographic breakdowns are not disclosed. Headquartered in the United Kingdom, the company is primarily listed on the London Stock Exchange.
Analyst recommendations
5 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Stelrad Group plc (SRAD.L) is an industrial goods company operating within the Electrical Components & Equipment industry. The firm generates revenue through the sale of products, though specific operating segments and geographic breakdowns are not disclosed. Headquartered in the United Kingdom, the company is primarily listed on the London Stock Exchange.
Stelrad Group plc has a debt-to-equity ratio of 1.44, indicating a moderate reliance on debt financing, while its current ratio of 1.78 suggests it maintains sufficient short-term liquidity to cover its obligations. The company's free cash flow is negative at -2.68 million GBP, and capital expenditures of -5.25 million GBP reflect ongoing investment in its operations. Despite this, operating cash flow remains positive at 34.14 million GBP, supporting its liquidity position.
Profitability metrics show a return on equity of 1.58% and a return on assets of 0.41%, both below the industry median for Electrical Components & Equipment, indicating underperformance in asset utilization and shareholder returns. Gross profit of 86.27 million GBP and operating income of 17.48 million GBP suggest a relatively narrow margin structure, which may limit resilience in a downturn.
The company's revenue is concentrated in a single business segment focused on radiators and heating systems, with no disclosed geographic diversification. This lack of segment or geographic diversification increases exposure to regional demand fluctuations and supply chain disruptions.
Looking ahead, the company is expected to maintain a stable revenue trajectory, with no significant growth or contraction projected in the current or next fiscal year. However, the absence of disclosed revenue growth in recent periods suggests a conservative outlook. Analysts have assigned a mean price target of 194.00 GBP, with a median of 190.00 GBP, and a mean recommendation of 1.60, indicating a generally positive sentiment.
Risk factors include a medium liquidity risk due to negative net cash after subtracting total debt, and a low dilution risk as shares outstanding remain unchanged between basic and diluted counts. The company has not disclosed any recent material events, such as regulatory actions, management changes, or significant capital raises, that would impact its near-term trajectory.
- Stelrad Group plc maintains a current ratio of 1.78, indicating adequate short-term liquidity to meet obligations.
- The company's return on equity of 1.58% and return on assets of 0.41% are below industry medians, suggesting underperformance in profitability.
- Free cash flow is negative at -2.68 million GBP, and capital expenditures of -5.25 million GBP indicate ongoing investment in operations.
- Analysts project a mean price target of 194.00 GBP, with a generally positive sentiment reflected in a mean recommendation of 1.60.
- The company's revenue is concentrated in a single business segment, increasing exposure to regional demand fluctuations.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,14 |
| Revenue | —no estimate | —no estimate | 282,3M GBP |
| Operating income | —no estimate | —no estimate | 33,9M GBP |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Stelrad Group plc Market data — financials · 2026-05-29
- Stelrad Group plc Market data — analyst estimates · 2026-05-29
Ownership & reference
Leadership
- Trevor HarveyChief Executive Officer, Executive Director
Insider activity
- Chief Legal Officer · Class A Ordinary SharesSold 1 500 @ $16,50$25K · 2026-06-10
- Chief Financial Officer · Class A Ordinary SharesOther 39 583 · 2026-06-01
- Director · Class A Ordinary SharesOther 13 167 · 2026-05-20
- Director · Class A Ordinary SharesOther 13 167 · 2026-05-20
- Director · Class A Ordinary SharesOther 13 167 · 2026-05-20
- Director · Class A Ordinary SharesOther 26 335 · 2026-05-20
- Director · Class A Ordinary SharesOther 13 167 · 2026-05-20
- Director · Class A Ordinary SharesOther 13 167 · 2026-05-20
- Director · Class A Ordinary SharesOther 13 167 · 2026-05-20
- Chief Operating Officer · Class A Ordinary SharesOther 240 192 · 2026-05-18
- Director · Class A Ordinary SharesOther 1 868 @ $12,49$23K · 2026-05-15
- Director · Class A Ordinary SharesOther 1 868 @ $12,49$23K · 2026-05-15
- Director · Class A Ordinary SharesOther 479 @ $12,49$6K · 2026-05-15
- Director · Class A Ordinary SharesOther 2 346 @ $12,49$29K · 2026-05-15
- Director · Class A Ordinary SharesOther 1 868 @ $12,49$23K · 2026-05-15
- Director · Class A Ordinary SharesOther 817 @ $12,49$10K · 2026-05-15
- Director · Class A Ordinary SharesOther 3 735 @ $12,49$47K · 2026-05-15
- Director, Chief Executive Officer · Class A Ordinary SharesBought 157 801 @ $13,49$2,1M · 2026-05-06
- Director, Chief Executive Officer · Class A Ordinary SharesBought 158 000 @ $13,40$2,1M · 2026-05-05
- Director, Chief Executive Officer · Class A Ordinary SharesBought 182 000 @ $13,38$2,4M · 2026-05-04
- Director, Chief Executive Officer · Class A Ordinary SharesBought 143 000 @ $13,23$1,9M · 2026-05-01
- Director · Class A Ordinary SharesBought 66 000 @ $12,77$843K · 2026-04-30
- Director · Class A Ordinary SharesBought 3 000 @ $13,00$39K · 2026-04-30
- Director · Class A Ordinary SharesBought 2 000 @ $13,00$26K · 2026-04-30
- Director · Class A Ordinary SharesBought 8 003 @ $12,49$100K · 2026-04-30