Hill & Smith Holdings PLC (HILS) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hill & Smith Holdings PLC £17.95, price £31.55, upside -43.1%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range £8.13 – £31.55 · fair‑value band £13.25 – £22.43 · the £31.55 price screens above the £17.95 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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. It operates through US Engineered Solutions, UK & India Engineered Solutions, and Galvanizing Services segments.
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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. It operates through US Engineered Solutions, UK & India Engineered Solutions, and Galvanizing Services segments. The US Engineered Solutions segment provides composite and steel solutions for infrastructure construction, such as energy transmission and distribution, data centres, waterfront protection, transportation, and other industrial facilities, engineered support for water, power, and liquid natural gas markets, seismic protection solutions for road work zone safety products, and off-grid solar lighting and power solutions. The UK & India Engineered Solutions segment offers hostile vehicle mitigation and off-grid solar lighting solutions for energy markets. The Galvanizing Services segment offers hot-dip galvanizing and powder coating services, increasing the sustainability and maintenance-free life of steel products, such as structural steelwork, lighting, bridges, and other products for infrastructure and construction end markets. It also offers fiber reinforced polymer composite solutions; electrical transmission and distribution substation structures; temporary and permanent road safety barriers, vehicle restraint systems, security solutions, bridge parapets, and retained earth systems; engineered pipe support and ancillary; lighting columns and traffic safety; vibration and seismic control; and hostile vehicle mitigation perimeter security; solar light towers, message signs, and other construction equipment; perimeter security solutions; galvanized lintels, construction fittings, composite doors, builders' metalwork, and plasterers' accessories; and open steel flooring, and handrailing. It was formerly known as Hill & Smith Holdings PLC and changed its name to Hill & Smith PLC in November 2022. The company was founded in 1824 and is based in Solihull, the United Kingdom.
Stock analysis
Hill & Smith Holdings PLC (HILS) currently trades at £31.55, while our model-based Fair Value estimate is £17.95, implying the stock looks roughly 75.8% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of £21.18 per share, and 0 of the 26 models we run sit above the £31.55 price.
Bear case: the Asset-Based group reads lowest at £4.07, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: £13.25 (bear) to £22.43 (bull), the price of £31.55 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hill & Smith Holdings PLC reported revenue of £869M in FY2025 versus £625M in FY2021, a compound +8.6%/yr. Reported net income was £82.5M in FY2025, compounding +24.6%/yr from FY2021.
Key figures
Market cap 2.6B GBX · P/E ratio 30.9 · P/S ratio 2.94 · EPS (TTM) £1.02 · Dividend yield 1.6% · Net margin 9.5% · Return on equity 17.4% · Return on assets (EBIT) 13.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 59% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −43%, HILS screens richer than that median.
Fair Value models
Bear £13.25Fair Value £17.95Bull £22.43
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (£0.3767 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.6%
Start year 2020 (pandemic). Over 10 years: +6.4% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+20.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.1%
Dividend (yield on the price)1.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.19% vs 11%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 16%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +13.6% a year for the price and +1.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (71 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare Hill & Smith Holdings PLC with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 822 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside−43% · Below median
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets11% · Top 25%
Net margin (TTM)10% · Top 25%
Operating margin (TTM)17% · Top 25%
Growth and dividend
Revenue growth1% · Below median
Dividend yield (TTM)1.6% · Below median
Balance sheet
Debt / equity0.12× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (TTM)30.9× · Priciest 25%
P/B7.14× · Priciest 25%
P/S (TTM)3.91× · Priciest 25%
P/FCF31.6× · Priciest 25%
EV/EBITDA19.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 24
FUTURE (revenue growth)6· sector 13
PAST (return on equity)69· sector 27
HEALTH (low debt)94· sector 94
DIVIDEND (yield)32· sector 40
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hill & Smith Holdings PLC Fair Value". https://www.fairvalue-calculator.com/stock/HILS
Frequently asked questions
Is Hill & Smith Holdings PLC (HILS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of £17.95 versus a price of £31.55, about −43% upside (overvalued).
What is the fair value of HILS?
Our model-based fair value for Hill & Smith Holdings PLC is £17.95 (as of Sep 24, 2026), built from audited fundamentals. The current price: £31.55.
What is the quality score of HILS?
Hill & Smith Holdings PLC has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Hill & Smith Holdings PLC (HILS)?
Our model-based price target is the fair value of £17.95 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario £13.25, optimistic scenario £22.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Hill & Smith Holdings PLC stock forecast for 2026?
Our models put fair value at £17.95, about −43% upside versus a price of £31.55 (overvalued). Cautious scenario £13.25, optimistic scenario £22.43. The calculation is refreshed regularly with new filings.
What is the revenue of Hill & Smith Holdings PLC (HILS)?
Hill & Smith Holdings PLC reported trailing-twelve-month revenue of about £869M (latest available figure, as of Sep 24, 2026).
Does Hill & Smith Holdings PLC pay a dividend?
Hill & Smith Holdings PLC currently shows a dividend yield of about 1.60% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Hill & Smith Holdings PLC (HILS)?
For today's price to be fair in a discounted-cash-flow model, Hill & Smith Holdings PLC would have to grow free cash flow by +16.2 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of HILS use?
Our models discount Hill & Smith Holdings PLC at 11.0 %: a base by market capitalisation (mid), damped by beta 1.29, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hill & Smith Holdings PLC that is +16.2 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Hill & Smith Holdings PLC (HILS) delivered so far?
Over the past 5 years revenue at Hill & Smith Holdings PLC grew +5.6 % a year. The price currently implies +16.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hill & Smith Holdings PLC (HILS) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Hill & Smith Holdings PLC (+16.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hill & Smith Holdings PLC (HILS)?
The free-cash-flow yield on the price is 4.20 %: that much free cash flow Hill & Smith Holdings PLC produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hill & Smith Holdings PLC (HILS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hill & Smith Holdings PLC it is £17.95 per share (as of Sep 24, 2026), against a price of £31.55. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Hill & Smith Holdings PLC stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HILS trades above its calculated fair value: price £31.55, fair value £17.95, a gap of about −43% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HILS?
No. The price is what the market pays today (£31.55); the fair value is what the company's own numbers justify (£17.95). For Hill & Smith Holdings PLC the two are £13.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hill & Smith Holdings PLC worth?
The market values Hill & Smith Holdings PLC at about 2.6B GBX (market capitalisation, as of Sep 24, 2026). Per share that is £31.55; our models calculate a fair value of £17.95 per share.
What do the bullish and bearish scenarios say about HILS?
Our models span a range for Hill & Smith Holdings PLC: cautious scenario £13.25, base £17.95, optimistic £22.43 per share (as of Sep 24, 2026, price £31.55). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HILS?
Hill & Smith Holdings PLC trades at a price-to-earnings ratio of 30.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £17.95 is built from several models across several years. Other multiples: P/B 7.1, P/S 3.9, EV/EBITDA 19.5.
How solid is the balance sheet of Hill & Smith Holdings PLC (HILS)?
Balance-sheet figures for Hill & Smith Holdings PLC (as of Sep 24, 2026): return on equity 17.4%, debt of 0.12 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is HILS from its 52-week high?
Hill & Smith Holdings PLC trades at £31.55, at its 52-week high of £31.55 and 59% above the low of £19.78 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of £17.95 is for.
Which stocks are comparable to Hill & Smith Holdings PLC?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hill & Smith Holdings PLC stock attractive at the current price?
The data as of Sep 24, 2026: price £31.55, calculated fair value £17.95 (−43%), Quality Score 74/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HILS calculated?
We run Hill & Smith Holdings PLC through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £17.95, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Hill & Smith Holdings PLC itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hill & Smith Holdings PLC (HILS)?
The closing price on Sep 23, 2026 was £31.55. Our model-based fair value is £17.95, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hill & Smith Holdings PLC right now?
A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (£22.43). The favourable scenario is already priced in.
Where does the earnings growth of Hill & Smith Holdings PLC (HILS) come from?
Earnings per share at Hill & Smith Holdings PLC grew +11.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.1 %, EBIT margin +5.2 %, tax rate +0.3 %, residual (interest, one-offs) −0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Hill & Smith Holdings PLC
How large is the market capitalisation of Hill & Smith Holdings PLC (HILS)?
The market capitalisation of Hill & Smith Holdings PLC is 2.6B GBX. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hill & Smith Holdings PLC (HILS)?
The price-to-sales ratio of Hill & Smith Holdings PLC is 2.94 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hill & Smith Holdings PLC (HILS)?
Earnings per share at Hill & Smith Holdings PLC are £1.02 (price ÷ EPS = P/E 30.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hill & Smith Holdings PLC (HILS)?
The dividend yield of Hill & Smith Holdings PLC is 1.6% (payout 49.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hill & Smith Holdings PLC (HILS)?
The net margin of Hill & Smith Holdings PLC is 9.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hill & Smith Holdings PLC (HILS)?
The return on equity (ROE) of Hill & Smith Holdings PLC is 17.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hill & Smith Holdings PLC (HILS)?
On an EBIT basis the return on assets of Hill & Smith Holdings PLC is 13.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hill & Smith Holdings PLC (HILS)?
The operating margin of Hill & Smith Holdings PLC is 16.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hill & Smith Holdings PLC (HILS)?
Revenue at Hill & Smith Holdings PLC is growing +1.1% versus a year earlier (3y avg +5.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hill & Smith Holdings PLC (HILS)?
Earnings per share at Hill & Smith Holdings PLC are growing +5.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hill & Smith Holdings PLC (HILS) carry?
The net debt of Hill & Smith Holdings PLC is 50.8M GBX (fiscal year 2025, ≈ 0.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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