Bodycote PLC
LSE:BOY

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Bodycote PLC
LSE:BOY
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Price: 698 GBX -0.92% Market Closed
Market Cap: £1.2B

EV/EBIT

12.9
Current
12%
More Expensive
vs 3-y average of 11.5

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
12.9
=
Enterprise Value
GBX1.3B
/
EBIT
£105.9m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
12.9
=
Enterprise Value
GBX1.3B
/
EBIT
£105.9m

Valuation Scenarios

Bodycote PLC is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (11.5), the stock would be worth GBX621.64 (11% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-100%
Maximum Upside
No Upside Scenarios
Average Downside
54%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 12.9 GBX698
0%
3-Year Average 11.5 GBX621.64
-11%
5-Year Average 12.4 GBX673.08
-4%
Industry Average 0 GBX1.39
-100%
Country Average 0 GBX1.59
-100%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
GBX1.3B
/
Jan 2026
£105.9m
=
12.9
Current
GBX1.3B
/
Dec 2026
£119.8m
=
10.8
Forward
GBX1.3B
/
Dec 2027
£136m
=
9.5
Forward
GBX1.3B
/
Dec 2028
£144.9m
=
9
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
UK
Bodycote PLC
LSE:BOY
1.2B GBP 12.9 22.1
JP
Fujitec Co Ltd
TSE:6406
2 720 795.8T JPY 15.8 0
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 210 169.2 363 670.8
JP
Star Micronics Co Ltd
TSE:7718
48T JPY 13.1 29.8
US
Parker-Hannifin Corp
NYSE:PH
120.4B USD 28.9 34.1
JP
Freund Corp
TSE:6312
16.9T JPY 5 768.3 8 494.3
SE
Atlas Copco AB
STO:ATCO A
911.3B SEK 26.3 34.5
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
15.1T JPY 38.5 53.9
US
Illinois Tool Works Inc
NYSE:ITW
77.1B USD 19.8 25.1
US
Barnes Group Inc
NYSE:B
68.2B USD 8.2 13.6
SE
Sandvik AB
STO:SAND
492.1B SEK 24 33.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
Bodycote PLC
LSE:BOY
Average EV/EBIT: 19 647.7
12.9
11%
1.2
JP
F
Fujitec Co Ltd
TSE:6406
15.8
N/A N/A
JP
I
Ishii Iron Works Co Ltd
TSE:6362
210 169.2
N/A N/A
JP
S
Star Micronics Co Ltd
TSE:7718
13.1
N/A N/A
US
Parker-Hannifin Corp
NYSE:PH
28.9
16%
1.8
JP
Freund Corp
TSE:6312
5 768.3
N/A N/A
SE
Atlas Copco AB
STO:ATCO A
26.3
9%
2.9
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
38.5
N/A N/A
US
Illinois Tool Works Inc
NYSE:ITW
19.8
6%
3.3
US
Barnes Group Inc
NYSE:B
8.2
23%
0.4
SE
Sandvik AB
STO:SAND
24
12%
2

Market Distribution

Higher than 95% of companies in United Kingdom
Percentile
95th
Based on 1 864 companies
95th percentile
12.9
Low
0 — 0
Typical Range
0 — 0.1
High
0.1 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0
Median 0
70th Percentile 0.1
Max 1 015

Bodycote PLC
Glance View

Market Cap
1.2B GBX
Industry
Machinery

In the intricate world of industrial processes, Bodycote PLC stands as a global leader, offering heat treatment and specialist thermal processing services. Established over a century ago, the company has woven its expertise into the very fabric of manufacturing and engineering, contributing to the durability and performance of products across numerous sectors. With a vast network of facilities spread over 20 countries, Bodycote serves industries as diverse as aerospace, automotive, and energy. The company does not merely provide a service; it plays a pivotal role in enhancing the physical properties of metals and alloys, ensuring that engines run more efficiently and bridges stay intact amidst harsh weather conditions. At the core of Bodycote's business model is its ability to apply transformative heating and cooling techniques that alter materials at a molecular level. For instance, its heat treatment services enhance wear and corrosion resistance, enabling manufacturers to push the boundaries of their product designs. This process is not just about applying heat, but about tailoring precise thermal conditions that meet stringent engineering requirements. By leveraging its specialized knowledge and extensive geographic footprint, Bodycote generates revenue by serving a spectrum of clients whose products require the kind of efficiency that only world-class thermal processing can offer. In essence, Bodycote sells reliability and performance, embedded deep within steels and alloys, ensuring that modern engineering and manufacturing can depend on components that truly last.

BOY Intrinsic Value
579.35 GBX
Overvaluation 17%
Intrinsic Value
Price GBX698
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