Edison Investment Research - Avon Rubber PLC (AVON) Institutional Comment: Daily comment

Report

Edison Investment Research

Institutional Comment: Daily comment

20/11/2014 3 EN

Underlying

Avon Rubber PLC

Avon Rubber is a technology group focusing on respiratory protection systems and milking point solutions through its two businesses, Avon Protection and milkrite , InterPuls. Avon Protection is a provider in Chemical, Biological, Radiological and Nuclear respiratory protection systems for the world's Military, Law Enforcement and Fire markets. milkrite , InterPuls provides milking point solutions to customers across the world.

See profile

GB0000667013 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

See profile

Other Reports on these Companies

Zeus Capital

Avon Technologies (AVON LN) - Defence as a haven asset!? - HOLD

Playing a bit of catch up, we update our estimates for the recent positive Q2/H1 statement. Bringing our forecasts into line with new guidance, we lift revenue in FY25E by 4.3% and adjusted operating profit by 10%. FY26-FY27E estimates are lifted too. The operating margin rises from 11.5% in FY24A to 12.9% by FY27E. Net debt should be c.£5m lower across our forecasting period. With higher forecasts we lift our target price to 1,500p from 1,450p. Driving this improved performance is higher revenue growth at the Team Wendy unit with the ramp up of ACH Gen II** helmets delivered to the US DOD, an...

April 9, 2025 April 9, 2025 1 EN

Zeus Capital

Avon Technologies (AVON LN ) - Good progress but valuation full - HOLD

We update our estimates and valuation following recent positive full year results. The Group is eighteen months into its corporate transformation programme; financial performance is stronger, balance sheet leverage has reduced, and the order book is at record levels. Our FY25-26E earnings estimates are largely unchanged but net debt is significantly lower reflecting a predicted improved working capital position. We lift our valuation to 1,450p from 1,300p. The outlook is positive, with a record order book of $225.2m, up c.66% YoY. Orders are well balanced with the Team Wendy (head protection) ...

November 28, 2024 November 28, 2024 1 EN

Edison Investment Research

Avon Technologies - Record order book driving confident outlook

Avon Technologies’ FY24 results show the continued momentum seen throughout the year, with revenue growth of 12.2% y-o-y ($275m), adjusted operating profit growth of 53.4% y-o-y ($31.6m) and a record closing order book value of $225m, up 64.3% y-o-y. Return on invested capital (ROIC) grew 500bp y-o-y to 13.7%. Given Avon’s record order pipeline, disciplined capital allocation and strong cash generation, management expects the company to achieve both its medium-term operating margin (14–16%) and ROIC (>17%) targets a year ahead of schedule in FY26.

November 22, 2024 November 22, 2024 1 EN

Manx Financial Group - Termination of coverage

Edison Investment Research is terminating coverage on Manx Financial Group (MFX). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.

March 10, 2025 March 10, 2025 1 EN

Kate Heseltine

Kate Heseltine

musicMagpie - Termination of coverage

Edison Investment Research is terminating coverage on musicMagpie (MMAG). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.

March 5, 2025 March 5, 2025 1 EN

Kate Heseltine

Kate Heseltine

Topps Tiles - Accelerating growth through Q125

Topps Tiles (TPT) is enjoying a return to revenue growth following a very challenging FY24 due to wider macroeconomic weakness. The company’s recovery is clearly being boosted by new revenue streams from its self-help initiatives, notably from trade and online customers across all of its brands. While the macroeconomic environment remains uncertain, it is pleasing that the strategy is supporting growth. The valuation continues to look compelling, even with limited macroeconomic recovery included in management’s long-term financial goals. With the Q125 trading update, the CEO has announced his ...

January 10, 2025 January 10, 2025 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Institutional Comment: Daily comment

Avon Technologies (AVON LN) - Defence as a haven asset!? - HOLD

Avon Technologies (AVON LN ) - Good progress but valuation full - HOLD

Avon Technologies - Record order book driving confident outlook

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe