Last 1,734 GBp
Change Today +34.00 / 2.00%
Volume 2.1M
As of 11:35 AM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

weir group plc/the (WEIR) Snapshot

Open
1,706 GBp
Previous Close
1,700 GBp
Day High
1,754 GBp
Day Low
1,689 GBp
52 Week High
07/7/14 - 2,848 GBp
52 Week Low
01/21/15 - 1,574 GBp
Market Cap
3.7B
Average Volume 10 Days
1.1M
EPS TTM
0.33 GBp
Shares Outstanding
213.4M
EX-Date
04/30/15
P/E TM
52.2x
Dividend
48.89 GBp
Dividend Yield
3.09%
Current Stock Chart for WEIR GROUP PLC/THE (WEIR)

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weir group plc/the (WEIR) Details

The Weir Group PLC designs, manufactures, and supplies products and engineering services for the minerals, oil and gas, and power and industrial markets worldwide. The company operates in three segments: Minerals, Oil & Gas, and Power & Industrial. The Minerals segment designs, manufactures, and supports products for mining and minerals processing, oil sands, comminution, aggregates, flue gas desulphurization, and tunnelling and dredging markets. Its products include pumps, hydrocyclones, valves, dewatering equipment, wear-resistant linings, rubber products, and screening machines. This segment offers its products under the Warman, Vulco, Cavex, Enduron, and Linatex brand names. The Oil & Gas segment designs, manufactures, and supports products and service solutions for upstream, production, transportation, refining, and related industries. It offers upstream products, such as pressure pumping equipment and services, pressure control products, and rental services; downstream products, including pumps and spare parts for refining and petrochemical industries; engineered mechanical and rotating equipment repairs and upgrades; oilfield and drilling equipment repair and certification services; and asset management and field services. This segment sells its products and services under SPM, Seaboard, Mathena, Novatech, Mesa, Gabbioneta, and Weir Oil & Gas Services brand names. The Power & Industrial segment designs, manufactures, and supports valves, pumps, and turbines, as well as provides specialist and support services to the nuclear, conventional and renewable power generation, water and wastewater, mid and downstream oil and gas, and general industrial processes. This segment offers its products under the Roto-Jet, WEMCO, Blakeborough, Atwood & Morrill, Batley Valve, BDK, Hopkinsons, Tricentric, Sarasin- RBSD, Sebim, Allen Steam Turbines, and American Hydro brand names. The Weir Group PLC was founded in 1871 and is headquartered in Glasgow, the United Kingdom.

15,220 Employees
Last Reported Date: 03/21/14
Founded in 1871

weir group plc/the (WEIR) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: 827.5K GBP
Group Finance Director and Director
Total Annual Compensation: 479.0K GBP
Compensation as of Fiscal Year 2013.

weir group plc/the (WEIR) Key Developments

The Weir Group PLC Proposes Final Dividend for 2014, Payable on May 29, 2015

The Weir Group PLC Board is recommend a 5% increase in the full year dividend, with a final dividend of 29.0 pence (2013: 33.2 pence). This reflects a rephasing of the dividend such that the final payment will represent approximately two-thirds of the total dividend for 2014, making a total of 44.0 pence for the year (2013: 42.0 pence). If approved at the Annual General Meeting, the final dividend will be paid on May 29, 2015 to shareholders on the register on May 01, 2015.

The Weir Group plc Reports Consolidated Earnings Results for the Year Ended January 2, 2015; Provides Capex Guidance for Fiscal 2015

The Weir Group PLC reported consolidated earnings results for the year ended January 2, 2015. Revenue from continuing operations of GBP 2.4 billion increased 9% in constant currency terms with operating profit up 5% to GBP 450 million. Profit before tax of GBP 409 million is up 7% year-on-year on a constant currency basis. Profit for the period from continuing operations was GBP 73.7 million against GBP 335.7 million a year ago. Profit for the period attributable to equity holders of the company was GBP 73.1 million against GBP 334.9 million a year ago. Basic and diluted earnings per share were 34.3 pence against 157.2 pence a year ago. Purchases of property, plant & equipment and intangible assets were GBP 108.0 million against GBP 108.4 million a year ago. Return on capital employed was 18.1% against 17.5% a year ago. Cash generated by operations decreased by 11% to GBP 421 million, driven by adverse foreign exchange impacts and an absolute increase in working capital in Oil & Gas, given the very strong revenue growth in that division. Headline earnings per share were 141.3 pence compared to 145.4 pence in 2013. In total, free cash inflow reduced to GBP 79 million. In terms of working capital, of the full year cash outflow of GBP 82 million, GBP 79 million was in the first half with the second half broadly flat, even though the Oil & Gas business continue to grow strongly. Net debt increased from GBP 747 million at the end of 2013 to GBP 861 million at the end of fiscal 2014, driven by investment in acquisitions and an adverse FX movement of GBP 44 million. For 2015, the company expects net CapEx to fall to around GBP 90 million as it looks to prioritize investment, focusing on key strategic initiatives and health and safety requirements. The company is expecting to see substantial improvements in working capital such that it generates a meaningful increase in free cash flow. The company expects effective tax rate on profits before exceptional items and intangibles amortization to be in the range of 24% to 25%, lower than 2014 given the reduced proportion of group taxable income expected to be generated in the U.S.

The Weir Group PLC, 2014 Earnings Call, Feb 25, 2015

The Weir Group PLC, 2014 Earnings Call, Feb 25, 2015

 

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Industry Analysis

WEIR

Industry Average

Valuation WEIR Industry Range
Price/Earnings 10.0x
Price/Sales 1.4x
Price/Book 2.2x
Price/Cash Flow 10.0x
TEV/Sales 1.4x
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