Added to YB: 2026-07-23
Pitch date: 2026-05-20
BOY.L [bullish]
Bodycote plc
+0.72%
current return
Author Info
No bio for this author
Company Info
Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in Specialist Technologies and Precision Heat Treatment divisions.
Market Cap
GBP 1.2B
Pitch Price
GBP 6.97
Price Target
10.00 (+42%)
Dividend
3.29%
EV/EBITDA
7.40
P/E
22.56
EV/Sales
1.86
Sector
Machinery
Category
value
Bodycote plc - $BOY.L
BOY.L: World's largest heat treatment provider mix-shifting to high-value Specialist Tech (27% EBIT margin) & Aerospace/Defense/IGT/Med/Semi (45% of rev, up from 35% in FY23). New CEO driving organic + M&A. HIP scale moat (4x nearest peer). At 6.5x EBITDA vs 8.5x fair value = £10/sh, 45% upside. Aero alone at 13x implies rest at 5.1x.
Read full article (7 min)