Professional
Added to YB: 2026-09-03
Pitch date: 2026-08-25
HILS.L [bullish]
Hill & Smith PLC
-0.86%
current return
Author Info
Voss Capital is a hedge fund looking for value-oriented special situations. Sign up for the newsletter.
Company Info
Hill & Smith PLC manufactures and supplies infrastructure products in the United Kingdom, the rest of Europe, North America, the Middle East, the rest of Asia, and internationally.
Market Cap
GBP 3.2B
Pitch Price
GBP 29.05
Price Target
N/A
Dividend
1.77%
EV/EBITDA
13.81
P/E
34.13
EV/Sales
2.79
Sector
Metals and Mining
Category
value
Voss Value Fund New Position: Hill & Smith PLC
HILS.L: Hill & Smith generated roughly 84% of first-half operating income in the US but was purchased at 8.7x NTM EBITDA versus 11.3-11.8x for US-listed peers. US Engineered Solutions posted 14% organic Q2 revenue growth and US galvanizing revenue rose 16%, while Galvanizing had a 26% EBIT margin; capacity additions, bolt-on acquisitions and a £100M buyback support the case, while weak UK infrastructure spending remains a headwind.
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