SigmaRoc (LSE: SRC)

Last close As at 20/11/2024

GBP0.78

0.10 (0.13%)

Market capitalisation

GBP873m

SigmaRoc is a specialised quarried materials group that invests in both new and existing construction material assets in the UK and Northern Europe. The extracted low- and high-grade materials are sold for use in agriculture, construction, environmental and industrial applications.

Latest Insights

Industrials | edison tv

SigmaRoc – executive interview

Industrials | QuickView

SigmaRoc — Solid Q322 results despite market headwinds

Industrials | QuickView

SigmaRoc — Diversified model supports H122 growth

Sector

Industrials

Equity Analyst

Andy Murphy

Andy Murphy

Director, Financials & Industrials

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 8.3 13.5 53.5
Relative 12.1 16.3 42.1
52 week high/low 80.5p/45.0p

Financials

SigmaRoc (SRC) continues to benefit from resilient demand in both the industrial mineral and construction markets, a continuing trend which, based on FY22 consensus, will see adjusted pro-forma EBITDA growth of 19% pa since the IPO in 2017, as calculated by the company. Q322 like-for-like revenue growth was 19%, to £394m, and despite rising input prices the EBITDA margin was 19.5%, ahead of management’s expectations. The group trades on an FY22e P/E of 7.0x, at a comfortable discount to its prospective average of c 11x over the past five years.

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2021A 272.0 49.3 26.8 5.4 14.5 N/A
2022A 538.0 101.7 62.7 8.0 9.8 N/A
2023E N/A N/A N/A N/A N/A N/A
2024E N/A N/A N/A N/A N/A N/A

Research

edison tv

Industrials

SigmaRoc – executive interview

QuickView

Industrials

SigmaRoc — Solid Q322 results despite market headwinds

QuickView

Industrials

SigmaRoc — Diversified model supports H122 growth

Thematics

thematic

Industrials

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thematic

Industrials

Deutsches Eigenkapitalforum (EKF) 2023 industrials

thematic

Industrials

The long and winding road

thematic

Industrials

Quantum computing: A booming industry

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