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Stelrad Group (SRAD) Fair Value & Analysis

Industrials · GB · Market cap 172M GBX

SG Stelrad Group SRAD · LSE
Price£1.53
Fair Value£1.75
Upside+14.4%
Quality95/100
Evidence: High Range £1.13 – £2.36

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from £1.51 to £1.75 (+15.9%) since Jun 23, 2026. Share price +10.3% over the past month.

Price vs Fair Value (12 months)

£1.69 £1.16 Fair Value £1.75 Jun 2025 Jun 2026

12‑month range £1.16 – £1.69 · fair‑value band £1.13 – £2.36 · the £1.53 price screens below the £1.75 fair value. As of Jun 24, 2026.

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Analysis

Stelrad Group (SRAD) currently trades at £1.53, while our model-based Fair Value estimate is £1.75 — implying the stock looks roughly 14.4% undervalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Stelrad Group generated revenue of £280M at a net margin of 0.3%. Revenue declined 2.9% year over year. It earns a return on equity of 1.5%. Net debt stands at £58.0M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 280M GBX
Revenue growth (YoY) -2.9%
Net margin 0.3%
Return on equity 1.5%
Free cash flow 22.3M GBX FY2025
P/E ratio 135.0
More key figures
Operating margin 10.3%
EPS (TTM) £0.0100
Dividend yield 6.0%
EPS growth (YoY) -49.1%
Net debt 58.0M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Stelrad Group PLC manufactures and distributes radiators in the United Kingdom, Ireland, Europe, Turkey, and internationally. The company offers steel panel and low surface temperature radiators; towel warmers; column and decorative steel tubular radiators; E-flow electric towel; and hydronic, hybrid, dual fuel, electrical, and electrical towel under the Stelrad, Henrad, Termo Teknik, DL Radiators, and Hudevad brands. Stelrad Group PLC was founded in 1936 and is based in Newcastle upon Tyne, the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Stelrad Group reported revenue of £280M in FY2025 versus £272M in FY2021, a compound +0.7%/yr. Reported net income was £844K in FY2025, compounding −51.0%/yr from FY2021.

Revenue +0.7%/yr
FY21 £272M
FY22 £316M
FY23 £308M
FY24 £291M
FY25 £280M
Net income −51.0%/yr
FY21 £14.7M
FY22 £4.3M
FY23 £15.4M
FY24 £16.5M
FY25 £844K

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6 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $449.12 $197.87 -56%
Johnson Controls International plc JCI $139.36 $41.08 -71%
Carrier Global Corporation CARR $68.54 $16.53 -76%
Compagnie de Saint-Gobain S.A CODGF $89.95 $106.78 +19%
Daikin Industries,Ltd. DKILF $149.65 $113.38 -24%
Geberit AG GBERF $661.46 $368.56 -44%

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Frequently asked questions

Is Stelrad Group (SRAD) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £1.75 versus a price of £1.53 — about +14% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SRAD?
Our 21-model fair value for Stelrad Group is £1.75 (as of Jun 24, 2026), built from audited fundamentals. The current price is £1.53.
What is the quality score of SRAD?
Stelrad Group has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Stelrad Group (SRAD)?
Stelrad Group reported trailing-twelve-month revenue of about £280M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of SRAD?
The net profit margin of Stelrad Group is about 0.3%, meaning it keeps roughly 0.3% of revenue as net income. Based on the latest reported figures.
Does Stelrad Group pay a dividend?
Stelrad Group currently shows a dividend yield of about 5.96% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.