Updates

Hill & Smith

June 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Hill & Smith has delivered another impressive set of results, with 2024 operating profit up 20% to £143.5m and EPS rising 16% to 122.6p. Net debt dropped to just £96.9m - even after spending £35m on dividends and £47.4m on acquisitions - leaving gearing at a very comfortable 0.3x EBITDA. This is a company reaping the benefits of smart management. By selling off low-margin businesses and reinvesting in higher-return areas, margins have climbed to 16.8% and return on capital has hit a record 24.8%. Four acquisitions were made last year, and two non-core units were sold in early 2025. That buy-and-build strategy is clearly working. Engineered Solutions grew operating profit 21% at £77.8m (operating margin: +1.1% to 18.6%) ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Plus500 - VIX volatility spike leads to upgrades

MP Evans

Hill & Smith (January 2025)

Hill & Smith (November 2024)

Hill & Smith (May 2024)

Hill & Smith (January 2024)

Hill & Smith - Shares highest since last autumn (October 2023)

Hill & Smith - Infrastructure investment and CHIPS Act provides terrific US opportunity (July 2023)

Hill & Smith (April 2023)

Hill & Smith (March 2023)

Hill & Smith (January 2023)

Hill & Smith (November 2022)

Hill & Smith (September 2022)

Hill & Smith - President Biden’s US$1.2 trillion infrastructure bill to boost demand (July 2022)

Hill & Smith (November 2018)

Hill & Smith - Beats forecasts (May 2018)

Hill & Smith (October 2017)

Hill & Smith (April 2017)

Hill & Smith - Infrastructure group could benefit from more government stimulus (October 2016)

Hill & Smith - Shares hit new high of 1000p (July 2016)

Hill &â€ˆSmith - Strong performance from UK roads (May 2016)

Hill & Smith (July 2015)

Hill & Smith - Results trigger eps forecast upgrades (May 2015)

Hill & Smith - Infrastructure products firm forecast to grow eps by 24% over two years (March 2015)

Hill & Smith (October 2014)

Hill & Smith - Shares hit new high (June 2014)

Hill & Smith (October 2013)

Hill & Smith - 76% of profit from outside UK (May 2013)

Hill & Smith - US utility markets strong (January 2013)

Hill & Smith - Eyes new UK roads contracts (November 2012)

Hill & Smith - Expansion into utilities and power generation sectors heralds new era (July 2012)

Hill & Smith - Infrastructure side still buoyant (January 2010)

Hill & Smith - Shares gain 53% since May tip (October 2009)

Hill & Smith - Sharp fall in net debt (August 2009)

Hill & Smith - CEO buys another 50,000 shares (July 2009)

Hill & Smith - Main markets in transport infrastructure nicely protected from recession (May 2009)

Hill & Smith - Acquisition strengthens US business (October 2008)

Hill & Smith - Supplier of transport infrastructure products enjoying strong growth (April 2008)

Hill & Smith - Shares soar above £4: a new high (October 2007)

Hill & Smith - Trading ahead of budget (June 2007)

Hill & Smith - Increases Zincinvent stake (April 2007)

Hill & Smith - Health & safety boosts transport (March 2007)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Hill & Smith

June 2025

Related Articles

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI