olivLaw · European equity research
Genuit Group plc GEN.L
United Kingdom · London Stock Exchange · ISIN GB00BKRC5K31 · Vertical: Listed companies from United Kingdom
Genuit Group plc is a UK maker of polymer-based building and water infrastructure systems, with a strong focus on sustainable and recycled solutions. In 2025 its net debt rose to £208.1m after significant acquisitions, and the company aims to reduce leverage while keeping cash conversion stable.
At the close of 05 Nov 2026, Genuit Group plc (GEN.L) stock was 2.70 GBP (−1.82% on the day), with market capitalisation 670.1 m GBP, P/E 15.2 on diluted EPS of 0.18 GBP over the last 12 months, dividend yield 4.67%, beta 1.07, 52-week range 2.43–3.81 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 49.4
- neutral
- Bollinger (20, 2)
- 2.45 – 2.97
- in the lower half of the band · %B 0.47 · band width 19.2%
- SMA 50 / 200
- 2.71 / 2.87
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.02 / -0.02
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −5.7% | −0.6% | −5.1 pp | — |
| 3 months | −10.8% | −4.2% | −6.6 pp | — |
| 6 months | +3.1% | +4.3% | −1.3 pp | — |
| Year to date | −17.5% | +7.5% | −25.0 pp | — |
| 1 year | −25.1% | +9.9% | −35.0 pp | +5.8% |
| 3 years | −2.4% | +49.8% | −52.3 pp | +26.3% |
| 5 years | −58.7% | +42.8% | −101.6 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 3-quarter history (min 18.4, median 26.2, max 29.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 586.5 m | 561.3 m | 602.1 m |
| Revenue YoY | unavailable | −4.3% | +7.3% |
| Net income | 38.5 m | 33.5 m | 45.2 m |
| Net income YoY | unavailable | −13.0% | +34.9% |
| Diluted EPS | 0.15 | 0.13 | 0.18 |
| Diluted EPS YoY | unavailable | −13.6% | +33.8% |
| net % | 6.6% | 6.0% | 7.5% |
| Free cash flow | 64.8 m | 79.5 m | 75.5 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 44.8 m GBP
- Financial debt
- 224.1 m GBP
- Net debt
- 179.3 m GBP
- Equity
- 662.9 m GBP
- Total assets
- 1.1 bn GBP
- Debt / equity
- 0.34x
- Current ratio
- 1.54x
- ROE
- 6.9%
- ROA
- 4.3%
- FCF margin
- 12.5%
Financial statements (source on every figure)
Revenue and net income (GBP)
Margins
Income statement · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 586.5 m | 561.3 m | 602.1 m | esef· 29 Apr 2026verified |
| Cost of revenue | 340.7 m | 310.5 m | 337.0 m | esef· 29 Apr 2026verified |
| Gross profit | 245.8 m | 250.8 m | 265.1 m | esef· 29 Apr 2026verified |
| Operating income | 62.0 m | 59.2 m | 69.7 m | esef· 29 Apr 2026verified |
| Interest expense | 13.6 m | 12.9 m | 12.4 m | esef· 29 Apr 2026verified |
| Pre-tax income | 48.4 m | 46.3 m | 58.2 m | esef· 29 Apr 2026verified |
| Income tax | 9.9 m | 12.8 m | 13.0 m | esef· 29 Apr 2026verified |
| Net income | 38.5 m | 33.5 m | 45.2 m | esef· 29 Apr 2026verified |
| Diluted EPS | 0.15 | 0.13 | 0.18 | esef· 29 Apr 2026verified |
| Dividend per share | 0.12 | 0.12 | 0.13 | esef· 29 Apr 2026derived |
Balance sheet · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 17.0 m | 43.6 m | 44.8 m | esef· 29 Apr 2026verified |
| Receivables | 73.9 m | 81.8 m | 89.0 m | esef· 29 Apr 2026verified |
| Inventories | 69.2 m | 73.5 m | 69.6 m | esef· 29 Apr 2026verified |
| Current assets | 182.7 m | 202.1 m | 208.1 m | esef· 29 Apr 2026verified |
| Property, plant & equipment, net | 176.4 m | 183.7 m | 191.4 m | esef· 29 Apr 2026verified |
| Total assets | 978.8 m | 993.0 m | 1.1 bn | esef· 29 Apr 2026verified |
| Accounts payable | 114.8 m | 128.2 m | 124.8 m | esef· 29 Apr 2026verified |
| Long-term debt | 142.9 m | 145.2 m | 224.1 m | esef· 29 Apr 2026verified |
| Current liabilities | 130.8 m | 135.6 m | 134.9 m | esef· 29 Apr 2026verified |
| Total liabilities | 342.2 m | 350.0 m | 438.7 m | esef· 29 Apr 2026verified |
| Equity | 636.6 m | 643.0 m | 662.9 m | esef· 29 Apr 2026verified |
| Shares outstanding at year end | 248.4 m | 248.1 m | 248.4 m | esef· 29 Apr 2026derived |
Cash flow · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 97.6 m | 105.1 m | 103.1 m | esef· 29 Apr 2026verified |
| Capex | 32.8 m | 25.6 m | 27.6 m | esef· 29 Apr 2026verified |
| Free cash flow | 64.8 m ≈ | 79.5 m ≈ | 75.5 m ≈ | esef· 29 Apr 2026derived |
| Investing cash flow | -28.5 m | -27.9 m | -133.2 m | esef· 29 Apr 2026verified |
| Financing cash flow | -102.1 m | -50.6 m | 31.2 m | esef· 29 Apr 2026verified |
| Dividends paid | 30.5 m | 30.8 m | 31.3 m | esef· 29 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 64 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 670.1 m GBP
Key indicators
Coverage and freshness
Score by group
- Quality50
- Returns80
- Balance sheet63
- Valuation72
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Neutral profile · Score 64/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 6.8% | 25 (vs peers) | 17% |
| Net margin · Quality | 7.5% | 43 (vs peers) | 10% |
| FCF conversion · Quality | 167.0% | 100 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 5.6x | 63 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.5x | 62 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 15.2x | 50 (vs peers) | 17% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 11.3% | 100 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 4.7% | 67 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | 41.5% | 100 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet63/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality50/100 · 3/3 factors with a value
- Returns80/100 · 2/2 factors with a value
- Valuation72/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Genuit Group plc (GEN.L). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 602.1 m GBP in 2025; YoY growth 7.3%; net margin 7.5%; ROE 6.9%.
The estimated value range is 2.01–3.10 GBP per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 2.57 GBP, the price of 2.70 GBP leaves a potential of -4.8% (value / price − 1) and a margin of safety of -5.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 64/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 167.0%
- FCF yield: 11.3%
- Payout ratio (FCF): 41.5%
What contradicts it
- ROIC: 6.8%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| GEN.LGenuit Group plc | 670.1 m | 15.2 | 6.9% | 7.5% | +7.3% | −18% / −17% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
1- and 3-year price returns: for GEN.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (GBP)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 1.68 Total return -34% · Per year -34% | 2.96 Total return 15% · Per year 15% | 4.45 Total return 71% · Per year 71% |
| 3 years | 1.72 Total return -25% · Per year -9% | 3.40 Total return 43% · Per year 13% | 5.61 Total return 129% · Per year 32% |
| 5 years | 1.76 Total return -15% · Per year -3% | 3.92 Total return 75% · Per year 12% | 7.07 Total return 202% · Per year 25% |
- Exit P/E± 0.85
- Net margin± 0.60
- Annual revenue growth± 0.48
- Annual dilution± 0.05
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Genuit Group plc is a UK maker of polymer-based building and water infrastructure systems, with a strong focus on sustainable and recycled solutions. In 2025 its net debt rose to £208.1m after significant acquisitions, and the company aims to reduce leverage while keeping cash conversion stable.
SWOT
Strengths
- The group has a solid financial position with high cash conversion and comfortable headroom on its financial covenants.
- The company uses a substantial share of recycled polymers and has significantly reduced its scope 1 and 2 emissions, which differentiates it on sustainability.
- Its portfolio includes products linked to the energy transition and water management, which address structural needs of buildings.
Weaknesses
- Net debt rose considerably in 2025, and acquisitions absorbed a large part of the cash flow available.
- The share of recycled polymers fell in 2025, partly due to a machine processing issue, showing operational sensitivity.
- Reliance on interest payments and refinanced bank facilities may limit financial flexibility in difficult periods.
Opportunities
- Demand for infrastructure resilient to heavier rainfall and for low-carbon heating could raise volumes over the long term.
- New products launched in recent years could lift the share of revenue from innovative products if the pace of development holds.
- If recycling and reporting standards favour recycled materials, the group's position in the circular economy could become a commercial advantage.
Threats
- Higher financing costs or a delay in construction investment could weigh on demand and margins.
- Limits imposed by standards on recycled materials could restrict growth of products with recycled content.
- Competition from traditional materials and other polymer producers could put pressure on prices.
Risks
- Higher leveragehigh
Net debt rose in 2025 and sits above the prior year's level. If it is not reduced, it could limit the ability to fund new investment.
- Acquisitions and integrationmedium
Recent acquisitions absorbed a significant amount of cash. Integration failure could lead to unexpected costs and delays in the expected benefits.
- Recycling targetsmedium
The share of recycled polymers fell in 2025, and reaching targets depends on recycling standards and innovation. If these targets are missed, the credibility of the sustainability strategy could suffer.
- Sensitivity to market conditionsmedium
Construction demand can be sensitive to economic cycles and public policy. A slowdown could reduce volumes and cash conversion.
- Regulation and reportinglow
Changes in reporting and recycling standards may create extra compliance costs. Delays or non-compliance could have financial consequences.
Investment thesis
What would need to be true (bull case)
- If cash conversion stays high and debt falls, the group could fund investment without relying heavily on new borrowing.
- Its position in sustainability and the circular economy could become an advantage as customers and regulation favour low-emission products.
- Rising demand for infrastructure resilient to climate change could support volumes over the medium and long term.
What would break the thesis
- Higher debt and interest costs could limit financial flexibility if financing costs remain elevated.
- The fall in the share of recycled polymers shows that meeting sustainability targets may be harder than expected.
- If construction activity slows, volumes and margins could be affected, and investments could become harder to justify.
What to watch
- Development of net debt and the ratio of debt to EBITDA2026
- Pre-capex cash conversion against the target of over 90% set for 20262026
- Share of recycled polymers and progress against the new sustainability targets2026-2030
- Contribution of the 2025 acquisitions to group revenue and marginsnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Genuit Group describes its activity as dedicated to creating a more sustainable built environment, providing customers with the solutions they need to protect infrastructure, buildings and communities from increasingly extreme weather. The group aims to be the lowest-carbon supplier of choice for its customers, cutting emissions in its own operations and supply chain. According to the 2025 annual report, a significant part of production relies on recycled polymers, and the company pursues a circular economy. It has invested in targeted manufacturing capacity and in key strategic and innovative projects.
Segments
Polymer products for construction
The group makes polymer solutions for building and water infrastructure, including alternatives to traditional materials such as concrete or copper. The report states that recycled polymers made up 50.6% of total consumption in 2025.
Low-carbon ventilation and heating systems
Products mentioned include air source heat pumps and mechanical ventilation with heat recovery units, which can show lower operating emissions than a natural gas boiler. These products link to the transition towards low-carbon heating and cooling.
Acquisitions and integration
In 2025 the group spent £105.6m on acquiring businesses, net of cash acquired. Integration of these businesses, together with the GBS programme, is cited as a source of working capital improvements.
Market context
The market is shaped by recycling standards and rules on recycled materials, which cap the share of recycled content, as the report notes. The company operates in the UK and globally and is affected by how sustainability reporting standards evolve.
Trends
- Climate pressure on infrastructuretailwind
The report notes society must cope with more frequent extreme rainfall, which could increase demand for drainage and water solutions. This could support volumes if infrastructure investment accelerates.
- Shift to low-carbon heatingtailwind
Moving from gas boilers to heat pumps could create demand for the group's products, but depends on public policy and the pace of customer adoption.
- Cost of capital and leverageheadwind
Net debt rose in 2025, and interest and lease payments reduce cash flow available for investment. If financing costs stay high, room for investment and acquisitions could be narrower.
- Recycling and reporting regulationmixed
Standards for recycled materials and ESG reporting requirements such as CSRD and IFRS sustainability standards may add compliance costs, but could also favour products with recycled content.
Competitive position
The source text does not explicitly identify the group's competitors. The company mentions replacing traditional materials such as concrete and copper as its competing alternatives, without naming specific producers.
- Producers of traditional materials (concrete, copper)
The report positions polymer products as an alternative to these traditional materials, without naming specific competing companies.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202529 Apr 2026
- Annual report 202429 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Genuit Group plc · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.