Smiths Group SMIN.L
Smiths Group is a British industrial conglomerate that designs and manufactures specialized equipment for threat detection, connectivity, energy, and medical devices, with a business model based on innovation and the sale of high-value-added products. Smiths Group shows solid financial health with net cash (ND/EBITDA of -4.68) and exceptional cash conversion (302%), but its valuation is demanding (P/E 57.63) and the dividend yield is minimal (0.02%). Quality is moderate (ROE 6.73%).
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Smiths Group is a British industrial conglomerate that designs and manufactures specialized equipment for threat detection, connectivity, energy, and medical devices, with a business model based on innovation and the sale of high-value-added products. Smiths Group shows solid financial health with net cash (ND/EBITDA of -4.68) and exceptional cash conversion (302%), but its valuation is demanding (P/E 57.63) and the dividend yield is minimal (0.02%). Quality is moderate (ROE 6.73%).
Score by category
| Category | Score |
|---|---|
| Financial health | 8.2 |
| Quality / Moat | 5.4 |
| Valuation | 4.5 |
| Dividend | 2.1 |
| Momentum | 4.9 |
| Risk & Context | 7.4 |
OVERALL SCORE: 5.6/10
Context and risks
Moderate governance risk in the UK, although with solid legal protection for minorities. Exposure to global markets and the supply chain could be affected by geopolitical tensions, but without critical concentration in conflict zones.
News considered in the analysis
- Smiths Group (LSE:SMIN) Stock Gets Fair Value Bump On Split Analyst Revisions — Las revisiones al alza de los analistas tras el anuncio de la separación del negocio de detección refuerzan la tesis de creación de valor, aunque el mercado ya lo ha descontado parcialmente.
- Smiths Group PLC (SMGKF) (FY 2026) Earnings Call Highlights: Margin Expansion, DRC Integration, ... — La expansión de márgenes y la integración de DRC son señales positivas de ejecución operativa, pero ya reflejadas en los resultados publicados.
- Smiths Group H2 Earnings Call Highlights — Resumen de la conferencia de resultados sin información nueva material no cubierta por otros titulares.
- Smiths Group Shares Rise After Better-Than-Expected Results — La reacción positiva del precio ya refleja el impacto de los resultados mejores de lo esperado.
- Smiths Group (LSE:SMIN) Stock Sees Split Analyst Revisions Before Q3 Trading Update — Las revisiones de los analistas antes de la actualización del tercer trimestre indican expectativas positivas sobre la evolución del negocio.
Verdict: Hold. The solid cash position and operational improvement are positive, but the valuation offers no margin of safety.
Main risk: The high valuation (P/E 57.63) leaves little room for any disappointment in the execution of the detection business separation or future growth.
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