Report
Toby Thorrington

SigmaRoc - Diversified model supports H122 growth

SigmaRoc’s (SRC) progressive M&A strategy and geographical diversification continues to pay off, with H122 revenue growth of 17%, on an adjusted like-for-like basis, to £247m. In spite of ongoing headwinds, the company is seeing persistent demand, which is well spread in terms of end-markets. SRC trades on an FY22e P/E of 5.7x, at a comfortable discount to its prospective average of c 11x over the past five years and at the lower end of a peer group of companies with similar exposures.
Underlying
Sigmaroc

SigmaRoc is engaged in the investments and/or acquisition of projects in the construction materials sector. Co operates in one geographical area, being the U.K.

Provider
Edison Investment Research
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.

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Analysts
Toby Thorrington

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