Obermatt

Bodycote

LSE:BOY · GB00B3FLWH99
MachineryMedium

360

81
EV / EBIT72
Price / Owner Earnings34
Owner Earnings Yield47
Dividend Yield81
Price/Sales36
EV / Gross Profit15
Price/Book57
Return on Capital64
Cash Return on Capital34
Return on Equity46
EBIT Margin80
Gross Profitability9
Cash Conversion84
Accruals68
Owner Earnings Margin43
Sales growth8
Profit Growth42
Long-Term EPS Growth65
Owner Earnings Growth87
Reinvestment47
Price momentum79
Debt load66
Refinancing15
Debt Payback31
Liquidity78
Analyst ratings69
Opinion Changes5
Price Target Upside61
Market mood52
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Bodycote clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUK
IndustryMachinery
SizeMedium
TypePublic Company
ExchangeLSE
Founded1953
Employees1,752
ISINGB00B3FLWH99
Last UpdateApr 2, 2026
Themes
Industrial AutomationEnergy EfficiencyIndustrial EngineeringMechanical EngineeringRenewable Energy

Description

Bodycote plc is a provider of thermal processing services, specializing in heat treatment, hot isostatic pressing, and surface technology. The company operates with a focus on enhancing the performance of materials and components across various indus…

Analysis

Middle-of-the-road

Bodycote plc is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 26.2× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 10% yearly growth; analysts expect 11%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is sturdy. The company scores 12/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
46
2023202420252026

All-time high

88

Mar 2026

All-time low

46

Jun 2026

Average rank

66

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
36
22
25
26
Price/Earnings
57
51
67
45
Price/Book
57
46
61
58
Dividend Yield
81
73
86
79
Value (overall)
63
42
65
59

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →