Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Equity Bottom-Up

Polypipe has leading positions in the best performing UK building and construction segments and delivered robust financial performance in H117. The company is well set for this to extend in H2 and beyond and we retain our view that it should continue to attract a premium rating in its sector.

Polypipe has leading positions in the best performing UK building and construction segments and delivered robust financial performance in H117. The company is well set for this to extend in H2 and beyond and we retain our view that it should continue to attract a premium rating in its sector.

The latest trading update shows that all three reporting divisions are continuing to progress well and management expectations for the year are unchanged. Polypipe is a well-positioned business and management succession indicates continuity of the strategic approach. A premium rating to the sector is warranted, in our view.

The latest trading update shows that all three reporting divisions are continuing to progress well and management expectations for the year are unchanged. Polypipe is a well-positioned business and management succession indicates continuity of the strategic approach. A premium rating to the sector is warranted, in our view.

Polypipe has expounded a consistent strategy since its return to the market in April 2014. The latest set of results further demonstrates that its above market growth focus is delivering good year-on-year profit progress while at the same time occupying strong positions in sectors exhibiting favourable long-term trends. Following recent share price rises, the FY17 P/E rating has risen to 14.7x and we expect Polypipe to sustain a premium rating.

Polypipe has expounded a consistent strategy since its return to the market in April 2014. The latest set of results further demonstrates that its above market growth focus is delivering good year-on-year profit progress while at the same time occupying strong positions in sectors exhibiting favourable long-term trends. Following recent share price rises, the FY17 P/E rating has risen to 14.7x and we expect Polypipe to sustain a premium rating.

We expect forthcoming FY16 results (30 March) to highlight the strength of Polypipe&#8217;s model with a strong y-o-y uplift in earnings and good cash generation. The company is well positioned and aligned with long-term UK government policy direction and we expect greater clarity to benefit this industry leader. Translating this to earnings growth above the peer average will be key to sustaining a premium rating.

We expect forthcoming FY16 results (30 March) to highlight the strength of Polypipe&#8217;s model with a strong y-o-y uplift in earnings and good cash generation. The company is well positioned and aligned with long-term UK government policy direction and we expect greater clarity to benefit this industry leader. Translating this to earnings growth above the peer average will be key to sustaining a premium rating. 

The 15 November update pointed to unchanged FY16 expectations and Polypipe&#8217;s share price responded positively to this. In our view, the recent trading performance highlights the attraction of the company&#8217;s strong UK market positions when other sector updates have shown greater variation.

The 15 November update pointed to unchanged FY16 expectations and Polypipe&#8217;s share price responded positively to this. In our view, the recent trading performance highlights the attraction of the company&#8217;s strong UK market positions when other sector updates have shown greater variation.

United Kingdom

Polypipe Group plc designs, develops, and manufactures plastic piping systems. The Company offers its products to the residential, commercial, civil, and infrastructure sectors. Polypipe Group serves customers worldwide.

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Polypipe (PLP LN)

Performance at a premium

Polypipe has leading positions in the best performing UK building and construction segments and delivered robust financial performance in H117. The...

Edison Investment Research

Meeting management growth expectations

The latest trading update shows that all three reporting divisions are continuing to progress well and management expectations for the year are...

Edison Investment Research

Delivering in line with strategy

Polypipe has expounded a consistent strategy since its return to the market in April 2014. The latest set of results further demonstrates that its...

Edison Investment Research

Aligned with the times

We expect forthcoming FY16 results (30 March) to highlight the strength of Polypipe’s model with a strong y-o-y uplift in earnings and good cash...

Edison Investment Research

Sector leaders

The 15 November update pointed to unchanged FY16 expectations and Polypipe’s share price responded positively to this. In our view, the recent...

Edison Investment Research

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