Professional
Added to YB: 2025-07-17
Pitch date: 2025-07-15
SMIN.L [bullish]
Smiths Group plc
+1.22%
current return
Author Info
Upslope Capital is an alternative investment management firm based in Colorado. They manage a global long/short public equity investment strategy. Follow on Twitter/X.
Company Info
Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally.
Market Cap
GBP 7.6B
Pitch Price
GBP 22.92
Price Target
N/A
Dividend
1.92%
Sector
Industrial Conglomerates
Category
turnaround
Upslope Capital Management New Position: Smiths Group plc
SMIN.L (new position): UK industrial conglomerate with 4 segments, 70%+ recurring revenue & mid-20s ROCE. Exiting Interconnect/Detection to focus on core John Crane & Flex-Tek units. Catalysts: portfolio reshaping, strong buybacks (15% reduction since 2021). Trades at 11x EBITDA, 17x P/E with <0.5x net debt. Risks: restructuring delays, cyclical downturn, cyber issues, FX.
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