Added to YB: 2025-04-08
Pitch date: 2025-04-05
HSM.L [neutral]
Samuel Heath & Sons plc
+12.55%
current return
Author Info
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Company Info
Samuel Heath & Sons plc, together with its subsidiaries, engages in the manufacture and sale of various products in the builders’ hardware and bathroom field in the United Kingdom.
Market Cap
GBP 8.7M
Pitch Price
GBP 3.02
Price Target
N/A
Dividend
3.79%
EV/EBITDA
4.33
P/E
9.85
EV/Sales
0.46
Sector
Building Products
Category
value
Samuel Heath & Sons plc (HSM): A Nano-Cap Manufacturer of Luxury Bathroom Fixtures with a 35-Year Track Record of Profits and Why I'm Passing on It
HSM.L pass: UK luxury bathroom fixture maker, 50% UK/50% overseas sales. 10x P/E, 0.75x P/TBV, 6.2% ROE. 80-90% insider owned, 1% annual share turnover. Pension obligations impact FCF. Passing due to low liquidity, poor returns, uncertain pension buyout, and unattractive liquidation value of £1.09/share vs £3.10 price.
Read full article (6 min)