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Smiths Group plc SMIN.L

GB · London Stock Exchange · XLON · stock · Industrials · website

Smiths Group plc statistics & valuation

Market cap£7.3B
P / E3.7×
P / S3.8×
P / B2.8×
P / FCF42.0×
Dividend yield2.04%
Net margin101.7%
Return on equity76.3%
FCF margin9.0%
Net cash£1.8B
Enterprise value USD$7.3B
Earnings yield EBIT/EV6.6%
Return on capital10.5%
Graham number -98.6%£36.59

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (£36.59); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
7.60% 9.00% 101.70% 20222023202420252026
Gross margin (%)
36.80% 37.30% 42.20% 41.70% 20222023202420252026
Operating margin (%)
14.80% 19.00% 18.90% 18.90% 20222023202420252026
Return on equity (%)
38.30% 9.70% 11.20% 76.30% 20222023202420252026
Shares outstanding
271.8M 271.8M 271.8M 271.8M 271.8M 20222023202420252026
Net debt (£)
£110.0M £369.0M £200.0M -£1.75B 20222023202420252026
Share buybacks (£)
£527.0M £231.0M £90.0M £882.0M 20222023202420252026
Return on assets (%)
19.80% 5.30% 5.90% 40.70% 20222023202420252026
Free cash flow margin (%)
7.00% 12.00% 9.00% 20222023202420252026
Debt / equity (×)
0.43× 0.27× 0.30× 0.47× 20222023202420252026
EPS (£)
£0.65 £0.72 £0.85 £6.26 20222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Smiths Group plc trades at about 429.9× earnings — below its 10-year norm (10-year range 417.1×–2762×, median 2519.2×).

417.1× 2762×

Shaded band = 10-year range (417.1×–2762×); dot = today's 429.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022
Gross margin41.7%42.2%37.3%36.8%—
Operating margin18.9%18.9%19.0%14.8%—
Net margin101.7%—9.0%7.6%—
FCF margin9.0%—12.0%7.0%—
Return on assets40.7%—5.9%5.3%19.8%
Return on equity76.3%—11.2%9.7%38.3%
Debt / equity0.21×—0.24×0.22×0.20×
Current ratio2.77—2.071.941.73

Computed from company filings · GB · as of 2024-07-31. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.