AI 銘柄分析 · 10年

Smiths Group plc

SMIN · GBP · 分析基準日 2026-11-06

産業用シールと熱管理の事業を持つが、買収・売却後の現金配分と負債を含めて評価する。

10年期待年率3.63%

資本コスト9.00%

直近終値25.73 GBP2026-11-06

AIによるシナリオ分析です。基準日以降の出来事、株価や為替の変化は個別に確認が必要です。各数値は元の分析の単位と前提に従います。

分析の要約

John CraneとFlex-Tekの競争力、設備投資、運転資本、税、従業員株式報酬の負担を考慮した10年評価です。事業売却益の再発生は仮定していません。基準日時点の現金・株数や、将来の買戻し・配当は推計です。将来のリース支払と利息の税効果は過去のグループ実績を参考にした仮定で、控除可能性は未確認です。終点前に権利が発生し、終点後に支払われる想定配当は未収権利として終価に含めています。財務情報の出典はSmithsの2026年年次報告と業績発表、終値は二次株価情報です。

事業

産業用シールや交換部品を扱うJohn Craneと、熱管理や航空宇宙向け部品を扱うFlex-Tekが中核。2026年に売却した2事業は継続事業として扱いません。

競争力・事業の質

顧客設備への組込みと保守需要が競争力となる一方、設備投資循環、住宅建設、石綿関連債務、買収統合に注意。

業界と環境

エネルギー・産業設備の維持需要と、航空宇宙・住宅建設の需要動向に左右されます。

財務・資本配分

事業売却後の現金、買戻し残額、リース、石綿関連債務と株式報酬に必要な現金を分けて扱います。

評価の前提と確認

直近の事業売却益や調整後利益をそのまま継続利益とせず、維持投資後の株主価値と複数シナリオで検討します。

資本コストの前提

資本コスト: 9.00%
rationale: Uniform 9% owner equity required return; unlevered future cash flow capitalized at 9%, conservative vs company WACC; do not use market P/E
tax_nominal_assumption: 0.245

事業別データ

事業別の内訳と、収録されている年度別データを確認できます。

事業別データを開く →

10年のシナリオ

シナリオごとの確率、期間内の株主還元・追加負担、終価です。金額は億GBP。株主の範囲や受取時点は各分析の前提を確認してください。

シナリオ	確率	株主還元・追加負担	終価
非常に強気：技術深耕・高収益買収	10.0%	35.51	109.86
強気：投資回収と利益率改善	20.0%	31.89	82.70
中立：FY2027ガイダンス近傍と緩やかな複利	40.0%	29.50	66.20
弱気：住宅・エネルギー循環と還元遅延	20.0%	23.44	39.96
厳しい弱気：設備投資停滞・訴訟積増し	10.0%	17.32	20.16

非常に強気：技術深耕・高収益買収（確率 10.0%）

John Craneのアフターサービス拡大とFlex-Tekのデータセンター冷却・航空需要が想定超過。石綿負債譲渡も低コストで完了。

確率の根拠

主観的シナリオ重み。市場が示す客観的確率ではない。

このシナリオの数値・キャッシュフローを開く →

強気：投資回収と利益率改善（確率 20.0%）

アフターサービスと熱管理の成長が良好で、2027年のガイダンスを上回り成熟期も高資本効率を維持。

確率の根拠

主観的シナリオ重み。市場が示す客観的確率ではない。

事業別の前提

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名称: John Crane
数量: 1
価格・単価: 21.246346979807
営業利益: 未確認

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名称: Flex-Tek
数量: 1
価格・単価: 18.00311085382
営業利益: 未確認

日付別キャッシュフロー

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想定日: 2026-11-18
year: 0.032854209446
金額: 0
種類: AGM_and_Q1_trading_update_review
source_status: confirmed_calendar
is_cash_to_old_holders: いいえ
注記: 2026 final dividend approval, ongoing repurchases, 5/6 Nov unreported trades and Q1 IFRS/operating guidance require refresh

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想定日: 2026-11-23
year: 0.046543463381
金額: 0
種類: prior_ex_date_dividend_paid_ineligible
source_status: confirmed_schedule_subject_to_AGM
is_cash_to_old_holders: いいえ
company_dividend_cash_oku: 0.938
per_share_gbp: 0.335
record_date: 2026-10-16
注記: 2026-11-06 purchaser ineligible; £93.8m company cost is estimate for pre-cutoff October record cohort
ex_date_model_context: 2026-10-15

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想定日: 2026-12-10
year: 0.093086926762
金額: 0.024999890002
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.025
avg_execution_price_gbp: 25.821798
shares_purchased: 96817
old_holder_shares_sold: 96817
old_holder_shares_before: 270876790
old_holder_shares_after: 270779973
old_holder_fraction_after: 1

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想定日: 2026-12-15
year: 0.106776180698
金額: 0
種類: sbc_existing_ebt_share_delivery
source_status: forecast
is_cash_to_old_holders: いいえ
delivered_shares: 65000
ebt_shares_before: 1590697
ebt_shares_after: 1525697
old_holder_fraction_after: 0.999760010314
注記: no cash paid by old holders; EBT shares transferred to employee public float; P&L expense and capital credit modeled

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想定日: 2026-12-18
year: 0.11498973306
金額: 1.999519926214
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 2
avg_execution_price_gbp: 25.843445
shares_purchased: 7738906
old_holder_shares_sold: 7737048.74238
old_holder_shares_before: 270779973
old_holder_shares_after: 263042924.25762
old_holder_fraction_after: 0.999760010314

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想定日: 2027-02-23
year: 0.298425735797
金額: 0
種類: bond_principal_maturity_repayment
source_status: contractual_maturity_date_verified_FX_book_cash_forecast
is_cash_to_old_holders: いいえ
company_cash_spend_oku: 5.54
注記: €650m bonds contractual Feb23 2027/Nov13 2033 via LSE bond listing; GBP book values used as cash settlement proxies, no refinancing forecast

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想定日: 2027-03-15
year: 0.35318275154
金額: 0
種類: sbc_existing_ebt_share_delivery
source_status: forecast
is_cash_to_old_holders: いいえ
delivered_shares: 710000
ebt_shares_before: 1525697
ebt_shares_after: 815697
old_holder_fraction_after: 0.997069387202
注記: no cash paid by old holders; EBT shares transferred to employee public float; P&L expense and capital credit modeled

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想定日: 2027-03-17
year: 0.358658453114
金額: 2.492673457896
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 2.5
avg_execution_price_gbp: 26.085496
shares_purchased: 9583870
old_holder_shares_sold: 9555783.38792
old_holder_shares_before: 263042924.25762
old_holder_shares_after: 253487140.8697
old_holder_fraction_after: 0.997069387202

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想定日: 2027-04-01
year: 0.399726214921
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2027-05-14
per_share_gbp: 0.1587
dividend_type: interim
entitled_old_holder_shares: 253487140.8697
company_eligible_shares: 254232197
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2027-04-01

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想定日: 2027-05-14
year: 0.517453798768
金額: 0.40228409256
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.403466497
ex_date: 2027-04-01
per_share_gbp: 0.1587
entitled_old_holder_shares: 253487140.8697
payment_date: 2027-05-14
dividend_type: interim

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想定日: 2027-06-30
year: 0.646132785763
金額: 0
種類: residual_Flex_Tek_disposal_estimate_no_holder_CF
source_status: unclosed_or_undisclosed_at_2026_11_06
is_cash_to_old_holders: いいえ
gross_proceeds_oku: 0.1
tax_outflow_oku: 0.01
carrying_net_asset_oku: 0.06

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想定日: 2027-07-16
year: 0.689938398357
金額: 3.489742796367
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 3.5
avg_execution_price_gbp: 26.418216
shares_purchased: 13248434
old_holder_shares_sold: 13209607.969761
old_holder_shares_before: 253487140.8697
old_holder_shares_after: 240277532.89994
old_holder_fraction_after: 0.997069387202

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想定日: 2027-08-17
year: 0.777549623546
金額: 0.2293259376
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.23
avg_execution_price_gbp: 26.506916
shares_purchased: 867698
old_holder_shares_sold: 865155.113136
old_holder_shares_before: 240277532.89994
old_holder_shares_after: 239412377.7868
old_holder_fraction_after: 0.997069387202

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想定日: 2027-08-30
year: 0.813141683778
金額: 0
種類: hypothetical_US_asbestos_liability_transfer_no_holder_CF
source_status: forecast
is_cash_to_old_holders: いいえ
transfer_payment_oku: 1.6
discharged_provision_oku: 1.53
pnl_aftertax_assumed_oku: -0.07
注記: not signed/completed at 2026-11-06; scenario only

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想定日: 2027-09-23
year: 0.878850102669
金額: 0
種類: anniversary_award_vesting_estimate_recheck
source_status: forecast
is_cash_to_old_holders: いいえ
grant_announced: 2026-09-23
estimated_grant_value_oku: 0.04
注記: £400 per employee anniversary award grant confirmed, vest date uncertain; ongoing share model covers equivalent EBT funded SBC cash

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想定日: 2027-10-21
year: 0.955509924709
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2027-11-23
per_share_gbp: 0.35443
dividend_type: final
entitled_old_holder_shares: 239412377.7868
company_eligible_shares: 240116065
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2027-10-21

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想定日: 2027-11-23
year: 1.045859000684
金額: 0.84854929059
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.851043369
ex_date: 2027-10-21
per_share_gbp: 0.35443
entitled_old_holder_shares: 239412377.7868
payment_date: 2027-11-23
dividend_type: final

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想定日: 2027-12-17
year: 1.111567419576
金額: 3.988277617929
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 4
avg_execution_price_gbp: 26.847824
shares_purchased: 14898787
old_holder_shares_sold: 14855124.424137
old_holder_shares_before: 239412377.7868
old_holder_shares_after: 224557253.36267
old_holder_fraction_after: 0.997069387202

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想定日: 2028-03-15
year: 1.35523613963
金額: 0
種類: sbc_existing_ebt_share_delivery
source_status: forecast
is_cash_to_old_holders: いいえ
delivered_shares: 690000
ebt_shares_before: 1683395
ebt_shares_after: 993395
old_holder_fraction_after: 0.994023987853
注記: no cash paid by old holders; EBT shares transferred to employee public float; P&L expense and capital credit modeled

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想定日: 2028-04-06
year: 1.415468856947
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2028-05-15
per_share_gbp: 0.1679046
dividend_type: interim
entitled_old_holder_shares: 224557253.36267
company_eligible_shares: 225907278
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2028-04-06

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想定日: 2028-05-15
year: 1.522245037645
金額: 0.37704195803
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.379308711
ex_date: 2028-04-06
per_share_gbp: 0.1679046
entitled_old_holder_shares: 224557253.36267
payment_date: 2028-05-15
dividend_type: interim

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想定日: 2028-08-17
year: 1.779603011636
金額: 0.234341143423
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.23575
avg_execution_price_gbp: 27.542849
shares_purchased: 855939
old_holder_shares_sold: 850823.898139
old_holder_shares_before: 224557253.36267
old_holder_shares_after: 223706429.46453
old_holder_fraction_after: 0.994023987853

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想定日: 2028-08-25
year: 1.801505817933
金額: 0
種類: assumed_bolt_on_acquisition_cash_spend_no_holder_CF
source_status: forecast
is_cash_to_old_holders: いいえ
company_cash_spend_oku: 0.7
注記: future unannounced deals; acquired revenue recognized from the next calendar year only

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想定日: 2028-09-23
year: 1.88090349076
金額: 0.205994627678
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.207233177
avg_execution_price_gbp: 27.649802
shares_purchased: 749492
old_holder_shares_sold: 745013.026704
old_holder_shares_before: 223706429.46453
old_holder_shares_after: 222961416.43782
old_holder_fraction_after: 0.994023987853

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想定日: 2028-10-19
year: 1.952087611225
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2028-11-23
per_share_gbp: 0.37498694
dividend_type: final
entitled_old_holder_shares: 222961416.43782
company_eligible_shares: 224301847
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2028-10-19

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想定日: 2028-11-23
year: 2.047912388775
金額: 0.836076192881
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.841102632
ex_date: 2028-10-19
per_share_gbp: 0.37498694
entitled_old_holder_shares: 222961416.43782
payment_date: 2028-11-23
dividend_type: final

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想定日: 2029-03-15
year: 2.354551676934
金額: 0
種類: sbc_existing_ebt_share_delivery
source_status: forecast
is_cash_to_old_holders: いいえ
delivered_shares: 690000
ebt_shares_before: 1849334
ebt_shares_after: 1159334
old_holder_fraction_after: 0.990975537162
注記: no cash paid by old holders; EBT shares transferred to employee public float; P&L expense and capital credit modeled

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想定日: 2029-04-05
year: 2.412046543463
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2029-05-14
per_share_gbp: 0.177643067
dividend_type: interim
entitled_old_holder_shares: 222961416.43782
company_eligible_shares: 224991847
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2029-04-05

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想定日: 2029-05-14
year: 2.518822724162
金額: 0.396075497941
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.399682417
ex_date: 2029-04-05
per_share_gbp: 0.177643067
entitled_old_holder_shares: 222961416.43782
payment_date: 2029-05-14
dividend_type: interim

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想定日: 2029-08-17
year: 2.778918548939
金額: 0.239463099083
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.24164375
avg_execution_price_gbp: 28.616271
shares_purchased: 844428
old_holder_shares_sold: 836807.490894
old_holder_shares_before: 222961416.43782
old_holder_shares_after: 222124608.94693
old_holder_fraction_after: 0.990975537162

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想定日: 2029-08-25
year: 2.800821355236
金額: 0
種類: assumed_bolt_on_acquisition_cash_spend_no_holder_CF
source_status: forecast
is_cash_to_old_holders: いいえ
company_cash_spend_oku: 0.7
注記: future unannounced deals; acquired revenue recognized from the next calendar year only

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想定日: 2029-09-23
year: 2.880219028063
金額: 0.262136367353
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.264523605
avg_execution_price_gbp: 28.727392
shares_purchased: 920806
old_holder_shares_sold: 912496.220472
old_holder_shares_before: 222124608.94693
old_holder_shares_after: 221212112.72646
old_holder_fraction_after: 0.990975537162

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想定日: 2029-10-18
year: 2.948665297741
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2029-11-23
per_share_gbp: 0.396736183
dividend_type: final
entitled_old_holder_shares: 221212112.72646
company_eligible_shares: 223226613
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2029-10-18

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想定日: 2029-11-23
year: 3.047227926078
金額: 0.877628491303
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.885620743
ex_date: 2029-10-18
per_share_gbp: 0.396736183
entitled_old_holder_shares: 221212112.72646
payment_date: 2029-11-23
dividend_type: final

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想定日: 2030-03-15
year: 3.353867214237
金額: 0
種類: sbc_existing_ebt_share_delivery
source_status: forecast
is_cash_to_old_holders: いいえ
delivered_shares: 690000
ebt_shares_before: 2003762
ebt_shares_after: 1313762
old_holder_fraction_after: 0.987921841808
注記: no cash paid by old holders; EBT shares transferred to employee public float; P&L expense and capital credit modeled

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想定日: 2030-04-04
year: 3.408624229979
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2030-05-14
per_share_gbp: 0.187946365
dividend_type: interim
entitled_old_holder_shares: 221212112.72646
company_eligible_shares: 223916613
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2030-04-04

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想定日: 2030-05-14
year: 3.518138261465
金額: 0.415760124089
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.420843134
ex_date: 2030-04-04
per_share_gbp: 0.187946365
entitled_old_holder_shares: 221212112.72646
payment_date: 2030-05-14
dividend_type: interim

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想定日: 2030-08-17
year: 3.778234086242
金額: 0.244693153599
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.247684844
avg_execution_price_gbp: 29.731527
shares_purchased: 833071
old_holder_shares_sold: 823009.036677
old_holder_shares_before: 221212112.72646
old_holder_shares_after: 220389103.68978
old_holder_fraction_after: 0.987921841808

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想定日: 2030-08-25
year: 3.800136892539
金額: 0
種類: assumed_bolt_on_acquisition_cash_spend_no_holder_CF
source_status: forecast
is_cash_to_old_holders: いいえ
company_cash_spend_oku: 0.7
注記: future unannounced deals; acquired revenue recognized from the next calendar year only

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想定日: 2030-09-23
year: 3.879534565366
金額: 0.330979276568
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.335025692
avg_execution_price_gbp: 29.846979
shares_purchased: 1122478
old_holder_shares_sold: 1108920.533149
old_holder_shares_before: 220389103.68978
old_holder_shares_after: 219280183.15663
old_holder_fraction_after: 0.987921841808

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想定日: 2030-10-17
year: 3.945242984257
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2030-11-25
per_share_gbp: 0.419746881
dividend_type: final
entitled_old_holder_shares: 219280183.15663
company_eligible_shares: 221961064
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2030-10-17

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想定日: 2030-11-25
year: 4.052019164956
金額: 0.920421729684
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.931674643
ex_date: 2030-10-17
per_share_gbp: 0.419746881
entitled_old_holder_shares: 219280183.15663
payment_date: 2030-11-25
dividend_type: final

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想定日: 2031-03-15
year: 4.35318275154
金額: 0
種類: sbc_existing_ebt_share_delivery
source_status: forecast
is_cash_to_old_holders: いいえ
delivered_shares: 690000
ebt_shares_before: 2146833
ebt_shares_after: 1456833
old_holder_fraction_after: 0.984860252707
注記: no cash paid by old holders; EBT shares transferred to employee public float; P&L expense and capital credit modeled

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想定日: 2031-04-03
year: 4.405201916496
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2031-05-14
per_share_gbp: 0.198847254
dividend_type: interim
entitled_old_holder_shares: 219280183.15663
company_eligible_shares: 222651064
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2031-04-03

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想定日: 2031-05-14
year: 4.517453798768
金額: 0.436032622391
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.442735526
ex_date: 2031-04-03
per_share_gbp: 0.198847254
entitled_old_holder_shares: 219280183.15663
payment_date: 2031-05-14
dividend_type: interim

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想定日: 2031-08-17
year: 4.777549623546
金額: 0.250033425493
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.253876965
avg_execution_price_gbp: 30.890248
shares_purchased: 821868
old_holder_shares_sold: 809425.126172
old_holder_shares_before: 219280183.15663
old_holder_shares_after: 218470758.03046
old_holder_fraction_after: 0.984860252707

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想定日: 2031-08-25
year: 4.799452429843
金額: 0
種類: assumed_bolt_on_acquisition_cash_spend_no_holder_CF
source_status: forecast
is_cash_to_old_holders: いいえ
company_cash_spend_oku: 0.7
注記: future unannounced deals; acquired revenue recognized from the next calendar year only

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想定日: 2031-09-23
year: 4.878850102669
金額: 0.405098422107
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.411325736
avg_execution_price_gbp: 31.010199
shares_purchased: 1326421
old_holder_shares_sold: 1306339.321257
old_holder_shares_before: 218470758.03046
old_holder_shares_after: 217164418.7092
old_holder_fraction_after: 0.984860252707

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想定日: 2031-10-16
year: 4.941820670773
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2031-11-24
per_share_gbp: 0.4440922
dividend_type: final
entitled_old_holder_shares: 217164418.7092
company_eligible_shares: 220502775
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2031-10-16

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想定日: 2031-11-24
year: 5.048596851472
金額: 0.96441024512
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.979235625
ex_date: 2031-10-16
per_share_gbp: 0.4440922
entitled_old_holder_shares: 217164418.7092
payment_date: 2031-11-24
dividend_type: final

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想定日: 2032-03-15
year: 5.35523613963
金額: 0
種類: sbc_existing_ebt_share_delivery
source_status: forecast
is_cash_to_old_holders: いいえ
delivered_shares: 690000
ebt_shares_before: 2278701
ebt_shares_after: 1588701
old_holder_fraction_after: 0.98178802951
注記: no cash paid by old holders; EBT shares transferred to employee public float; P&L expense and capital credit modeled

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想定日: 2032-04-01
year: 5.401779603012
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2032-05-14
per_share_gbp: 0.210380395
dividend_type: interim
entitled_old_holder_shares: 217164418.7092
company_eligible_shares: 221192775
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2032-04-01

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想定日: 2032-05-14
year: 5.519507186858
金額: 0.456871360897
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.465346233
ex_date: 2032-04-01
per_share_gbp: 0.210380395
entitled_old_holder_shares: 217164418.7092
payment_date: 2032-05-14
dividend_type: interim

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想定日: 2032-08-17
year: 5.779603011636
金額: 0.255484779035
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.260223889
avg_execution_price_gbp: 32.097489
shares_purchased: 810730
old_holder_shares_sold: 795965.009165
old_holder_shares_before: 217164418.7092
old_holder_shares_after: 216368453.70004
old_holder_fraction_after: 0.98178802951

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想定日: 2032-08-25
year: 5.801505817933
金額: 0
種類: assumed_bolt_on_acquisition_cash_spend_no_holder_CF
source_status: forecast
is_cash_to_old_holders: いいえ
company_cash_spend_oku: 0.7
注記: future unannounced deals; acquired revenue recognized from the next calendar year only

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想定日: 2032-09-23
year: 5.88090349076
金額: 0.484876133649
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.4938705
avg_execution_price_gbp: 32.222128
shares_purchased: 1532706
old_holder_shares_sold: 1504792.403559
old_holder_shares_before: 216368453.70004
old_holder_shares_after: 214863661.29648
old_holder_fraction_after: 0.98178802951

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想定日: 2032-10-21
year: 5.957563312799
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2032-11-23
per_share_gbp: 0.469849548
dividend_type: final
entitled_old_holder_shares: 214863661.29648
company_eligible_shares: 218849339
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2032-10-21

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想定日: 2032-11-23
year: 6.047912388775
金額: 1.009535941036
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 1.02826263
ex_date: 2032-10-21
per_share_gbp: 0.469849548
entitled_old_holder_shares: 214863661.29648
payment_date: 2032-11-23
dividend_type: final

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想定日: 2033-03-15
year: 6.354551676934
金額: 0
種類: sbc_existing_ebt_share_delivery
source_status: forecast
is_cash_to_old_holders: いいえ
delivered_shares: 690000
ebt_shares_before: 2399431
ebt_shares_after: 1709431
old_holder_fraction_after: 0.978702324035
注記: no cash paid by old holders; EBT shares transferred to employee public float; P&L expense and capital credit modeled

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想定日: 2033-04-07
year: 6.417522245038
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2033-05-16
per_share_gbp: 0.222582457
dividend_type: interim
entitled_old_holder_shares: 214863661.29648
company_eligible_shares: 219539339
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2033-04-07

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想定日: 2033-05-16
year: 6.524298425736
金額: 0.47824881744
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.488656056
ex_date: 2033-04-07
per_share_gbp: 0.222582457
entitled_old_holder_shares: 214863661.29648
payment_date: 2033-05-16
dividend_type: interim

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想定日: 2033-08-17
year: 6.778918548939
金額: 0.261048925526
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.266729486
avg_execution_price_gbp: 33.348417
shares_purchased: 799827
old_holder_shares_sold: 782792.543726
old_holder_shares_before: 214863661.29648
old_holder_shares_after: 214080868.75275
old_holder_fraction_after: 0.978702324035

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想定日: 2033-08-25
year: 6.800821355236
金額: 0
種類: assumed_bolt_on_acquisition_cash_spend_no_holder_CF
source_status: forecast
is_cash_to_old_holders: いいえ
company_cash_spend_oku: 0.7
注記: future unannounced deals; acquired revenue recognized from the next calendar year only

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想定日: 2033-09-23
year: 6.880219028063
金額: 0.570721198129
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.58314073
avg_execution_price_gbp: 33.477914
shares_purchased: 1741867
old_holder_shares_sold: 1704769.28106
old_holder_shares_before: 214080868.75275
old_holder_shares_after: 212376099.47169
old_holder_fraction_after: 0.978702324035

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想定日: 2033-10-20
year: 6.954140999316
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2033-11-23
per_share_gbp: 0.497100822
dividend_type: final
entitled_old_holder_shares: 212376099.47169
company_eligible_shares: 216997645
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2033-10-20

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想定日: 2033-11-13
year: 7.019849418207
金額: 0
種類: bond_principal_maturity_repayment
source_status: contractual_maturity_date_verified_FX_book_cash_forecast
is_cash_to_old_holders: いいえ
company_cash_spend_oku: 5.37
注記: €650m bonds contractual Feb23 2027/Nov13 2033 via LSE bond listing; GBP book values used as cash settlement proxies, no refinancing forecast

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想定日: 2033-11-23
year: 7.047227926078
金額: 1.055723335348
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 1.078697076
ex_date: 2033-10-20
per_share_gbp: 0.497100822
entitled_old_holder_shares: 212376099.47169
payment_date: 2033-11-23
dividend_type: final

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想定日: 2034-03-15
year: 7.353867214237
金額: 0
種類: sbc_existing_ebt_share_delivery
source_status: forecast
is_cash_to_old_holders: いいえ
delivered_shares: 690000
ebt_shares_before: 2509258
ebt_shares_after: 1819258
old_holder_fraction_after: 0.975600151638
注記: no cash paid by old holders; EBT shares transferred to employee public float; P&L expense and capital credit modeled

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想定日: 2034-04-06
year: 7.414099931554
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2034-05-15
per_share_gbp: 0.23549224
dividend_type: interim
entitled_old_holder_shares: 212376099.47169
company_eligible_shares: 217687645
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2034-04-06

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想定日: 2034-05-15
year: 7.520876112252
金額: 0.50012923379
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.512637511
ex_date: 2034-04-06
per_share_gbp: 0.23549224
entitled_old_holder_shares: 212376099.47169
payment_date: 2034-05-15
dividend_type: interim

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想定日: 2034-08-17
year: 7.778234086242
金額: 0.266726886689
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.273397723
avg_execution_price_gbp: 34.648098
shares_purchased: 789070
old_holder_shares_sold: 769816.811653
old_holder_shares_before: 212376099.47169
old_holder_shares_after: 211606282.66004
old_holder_fraction_after: 0.975600151638

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想定日: 2034-08-25
year: 7.800136892539
金額: 0
種類: assumed_bolt_on_acquisition_cash_spend_no_holder_CF
source_status: forecast
is_cash_to_old_holders: いいえ
company_cash_spend_oku: 0.7
注記: future unannounced deals; acquired revenue recognized from the next calendar year only

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想定日: 2034-09-23
year: 7.879534565366
金額: 0.625416288007
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.64105785
avg_execution_price_gbp: 34.782642
shares_purchased: 1843040
old_holder_shares_sold: 1798070.103475
old_holder_shares_before: 211606282.66004
old_holder_shares_after: 209808212.55656
old_holder_fraction_after: 0.975600151638

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想定日: 2034-10-19
year: 7.950718685832
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2034-11-23
per_share_gbp: 0.525932669
dividend_type: final
entitled_old_holder_shares: 209808212.55656
company_eligible_shares: 215055535
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2034-10-19

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想定日: 2034-11-23
year: 8.046543463381
金額: 1.103449932602
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 1.131047316
ex_date: 2034-10-19
per_share_gbp: 0.525932669
entitled_old_holder_shares: 209808212.55656
payment_date: 2034-11-23
dividend_type: final

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想定日: 2035-03-15
year: 8.35318275154
金額: 0
種類: sbc_existing_ebt_share_delivery
source_status: forecast
is_cash_to_old_holders: いいえ
delivered_shares: 690000
ebt_shares_before: 2608328
ebt_shares_after: 1918328
old_holder_fraction_after: 0.97247997534
注記: no cash paid by old holders; EBT shares transferred to employee public float; P&L expense and capital credit modeled

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想定日: 2035-04-05
year: 8.41067761807
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2035-05-14
per_share_gbp: 0.24915079
dividend_type: interim
entitled_old_holder_shares: 209808212.55656
company_eligible_shares: 215745535
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2035-04-05

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想定日: 2035-05-14
year: 8.517453798768
金額: 0.522738818818
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.537531705
ex_date: 2035-04-05
per_share_gbp: 0.24915079
entitled_old_holder_shares: 209808212.55656
payment_date: 2035-05-14
dividend_type: interim

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想定日: 2035-08-17
year: 8.777549623546
金額: 0.272520660547
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.280232666
avg_execution_price_gbp: 35.998432
shares_purchased: 778458
old_holder_shares_sold: 757034.816643
old_holder_shares_before: 209808212.55656
old_holder_shares_after: 209051177.73992
old_holder_fraction_after: 0.97247997534

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想定日: 2035-08-25
year: 8.799452429843
金額: 0
種類: assumed_bolt_on_acquisition_cash_spend_no_holder_CF
source_status: forecast
is_cash_to_old_holders: いいえ
company_cash_spend_oku: 0.7
注記: future unannounced deals; acquired revenue recognized from the next calendar year only

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想定日: 2035-09-23
year: 8.878850102669
金額: 0.724249681952
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.744745058
avg_execution_price_gbp: 36.138219
shares_purchased: 2060824
old_holder_shares_sold: 2004110.072701
old_holder_shares_before: 209051177.73992
old_holder_shares_after: 207047067.66722
old_holder_fraction_after: 0.97247997534

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想定日: 2035-10-18
year: 8.947296372348
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2035-11-23
per_share_gbp: 0.556436764
dividend_type: final
entitled_old_holder_shares: 207047067.66722
company_eligible_shares: 212906253
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2035-10-18

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想定日: 2035-11-23
year: 9.045859000684
金額: 1.152086003419
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 1.184688665
ex_date: 2035-10-18
per_share_gbp: 0.556436764
entitled_old_holder_shares: 207047067.66722
payment_date: 2035-11-23
dividend_type: final

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想定日: 2036-03-15
year: 9.35523613963
金額: 0
種類: sbc_existing_ebt_share_delivery
source_status: forecast
is_cash_to_old_holders: いいえ
delivered_shares: 586311
ebt_shares_before: 2696786
ebt_shares_after: 2110475
old_holder_fraction_after: 0.969809270112
注記: no cash paid by old holders; EBT shares transferred to employee public float; P&L expense and capital credit modeled

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想定日: 2036-04-03
year: 9.407255304586
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2036-05-14
per_share_gbp: 0.263601536
dividend_type: interim
entitled_old_holder_shares: 207047067.66722
company_eligible_shares: 213492564
注記: pay amount based on this ex-date snapshot, not later shares
ex_date_model_context: 2036-04-03

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想定日: 2036-05-14
year: 9.519507186858
金額: 0.545779249978
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.562769677
ex_date: 2036-04-03
per_share_gbp: 0.263601536
entitled_old_holder_shares: 207047067.66722
payment_date: 2036-05-14
dividend_type: interim

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想定日: 2036-08-17
year: 9.779603011636
金額: 0.236705352863
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.24407423
avg_execution_price_gbp: 37.405309
shares_purchased: 652512
old_holder_shares_sold: 632812.186459
old_holder_shares_before: 207047067.66722
old_holder_shares_after: 206414255.48076
old_holder_fraction_after: 0.969809270112

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想定日: 2036-08-25
year: 9.801505817933
金額: 0
種類: assumed_bolt_on_acquisition_cash_spend_no_holder_CF
source_status: forecast
is_cash_to_old_holders: いいえ
company_cash_spend_oku: 0.7
注記: future unannounced deals; acquired revenue recognized from the next calendar year only

内容を開く

想定日: 2036-09-23
year: 9.88090349076
金額: 0.499702963679
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.515259116
avg_execution_price_gbp: 37.550559
shares_purchased: 1372174
old_holder_shares_sold: 1330747.065407
old_holder_shares_before: 206414255.48076
old_holder_shares_after: 205083508.41535
old_holder_fraction_after: 0.969809270112

内容を開く

想定日: 2036-10-16
year: 9.943874058864
金額: 0
種類: dividend_ex_date_review
source_status: forecast
is_cash_to_old_holders: いいえ
payment_date: 2036-11-24
per_share_gbp: 0.588710096
dividend_type: final
entitled_old_holder_shares: 205083508.41535
company_eligible_shares: 211467878
注記: Forecast date and forecast dividend rate; zero money at ex-date. Entitled old holder shares are fixed on this snapshot; receivable at the 2036-11-06 terminal date appears in terminal and mcap only, not in timed_cashflows.
entitlement_right_classification: predicted_2036_ex_date_not_2026_issuer_confirmed
post_horizon_right_valued_separately: はい
ex_date_model_context: 2036-10-16

内容を開く

想定日: 2036-10-16
year: 9.943874058864
金額: 0
種類: ex_dividend_future_payment_after_model_end
source_status: forecast
is_cash_to_old_holders: いいえ
post_horizon_payment_date: 2036-11-24
outstanding_expected_company_cash_oku: 1.244932748
注記: Terminal receivable correction v2: pay 2036-11-24 remains after ten-year horizon; keep amount=0, company liability already reduces ex-div corporate stock value, old-holder discounted receivable included separately in terminal mcap.
old_holder_nominal_unpaid_receivable_oku: 1.207347319272
old_holder_2036_11_06_receivable_pv_oku: 1.20223064824
future_dividend_payment_not_within_timed_cashflows: はい

その他の数値・前提

売上高

39.24945783245

営業利益

8.3276225902572

純利益

5.8515556902444

equity_oku

33.280970623

期間内の親会社利益合計（億）

40.126516799

multiple

14.360898835729

期間内株主受取

31.893574949

終価

82.698794249516

company_mcap_oku

84.033599299235

adjust_oku

7.125282961

キャッシュフローの算出方法

timed_holder_cashflows_v1

annual_ledger

内容を開く

period_id

2026_post_close_55d

period_start

2026-11-07

期間末

2026-12-31

calendar_inclusive_days

calendar_year_total_days

365

calendar_fraction

0.150684931507

period_start_year

0.002737850787

period_end_year

0.150581793292

actual_or_forecast

forecast

historical_FY2026_included

いいえ

opening

内容を開く

現金（億）: 23.96
gross_borrowings_oku: 12.04
equity_parent_oku: 23.58
非支配持分資本（億）: 0.23
legacy_provision_oku: 1.53
発行済株式数: 272370670
EBT_shares: 1493880
old_holder_shares: 270876790

segments

john_crane_revenue_oku: 1.769444555
flex_tek_revenue_oku: 1.31798312

売上高

3.087427675

headline_op_oku

0.657622095

headline_margin

0.213

nonheadline_cost_oku

0.105479452

of_which_acquired_intang_amort_oku

0.052739726

SBC_total_expensed_oku

0.037671233

SBC_nonheadline_expensed_oku

0.02109589

IFRS_operating_profit_oku

0.552142643

net_finance_oku

-0.018082192

IFRS_profit_before_tax_continuing_oku

0.534060451

tax_expense_continuing_oku

0.13084481

nci_profit_oku

0.003164384

parent_NI_operating_oku

0.400051257

parent_NI_special_oku

parent_net_income_oku

0.400051257

D_and_A_oku

0.122054795

cash_capex_oku

0.098027457

working_capital_increment_oku

0.016575342

lease_principal_oku

0.061780822

core_company_FCF_after_tax_oku

0.385051197

cash_paid_prior_ex_dividend_oku

0.938

company_dividends_paid_oku

0.938

issuer_buyback_cash_oku

EBT_market_buy_cash_oku

0.025

unannounced_MA_cash_oku

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.037671233

NCI_dividend_paid_oku

0.001506849

ending

内容を開く

現金（億）: 21.382051197
gross_borrowings_oku: 12.04
net_cash_oku: 9.342051197
equity_parent_oku: 21.05472249
非支配持分資本（億）: 0.231657534
legacy_provision_oku: 1.53
発行済株式数: 264631764
EBT_shares: 1525697
old_holder_shares: 263042924.25762
float_excluding_ebt: 263106067
old_cohort_fraction: 0.999760010314

old_holder_cash_received_in_period_oku

2.024519816

events_in_period

equity_clean_surplus_residual_oku

lease_cashflow_legacy_classification_note

The preexisting lease_principal_oku is a LEGACY FIELD NAME for modeled annual GBP41m ALL-IN lease cash (including interest). This v3 annotates it but does not alter annual forecast cash, finance P&L, tax, shares, capital, payouts or debt. FY2026 GBP6m interest divided by 41m total is a future split assumption, not an audited cash split.

lease_cash_total_incl_interest_oku_metadata_only

0.061780822

lease_principal_component_proxy_oku_metadata_only

0.052739726098

lease_interest_component_proxy_oku_metadata_only

0.009041095902

内容を開く

period_id

calendar_2027

period_start

2027-01-01

期間末

2027-12-31

calendar_inclusive_days

365

calendar_year_total_days

365

calendar_fraction

period_start_year

0.153319644079

period_end_year

1.149897330595

actual_or_forecast

forecast

historical_FY2026_included

いいえ

opening

内容を開く

現金（億）: 21.382051197
gross_borrowings_oku: 12.04
equity_parent_oku: 21.05472249
非支配持分資本（億）: 0.231657534
legacy_provision_oku: 1.53
発行済株式数: 264631764
EBT_shares: 1525697
old_holder_shares: 263042924.25762

segments

john_crane_revenue_oku: 11.9215
flex_tek_revenue_oku: 9.06385

売上高

20.98535

headline_op_oku

4.55382095

headline_margin

0.217

nonheadline_cost_oku

0.7

of_which_acquired_intang_amort_oku

0.35

SBC_total_expensed_oku

0.25

SBC_nonheadline_expensed_oku

0.14

IFRS_operating_profit_oku

3.85382095

net_finance_oku

-0.12

IFRS_profit_before_tax_continuing_oku

3.73382095

tax_expense_continuing_oku

0.914786133

nci_profit_oku

0.021

parent_NI_operating_oku

2.798034817

parent_NI_special_oku

-0.04

parent_net_income_oku

2.758034817

D_and_A_oku

0.81

cash_capex_oku

0.65054585

working_capital_increment_oku

0.096921

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

2.711567967

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.254509866

issuer_buyback_cash_oku

EBT_market_buy_cash_oku

0.23

unannounced_MA_cash_oku

bond_repayment_oku

5.54

extra_borrowing_oku

residual_disposal_net_cash_oku

0.09

legacy_liability_cash_oku

1.6

SBC_equity_credit_oku

0.25

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 5.559109299
gross_borrowings_oku: 6.5
net_cash_oku: -0.940890701
equity_parent_oku: 12.578247441
非支配持分資本（億）: 0.242657534
legacy_provision_oku: 0
発行済株式数: 226900673
EBT_shares: 1683395
old_holder_shares: 224557253.36267
float_excluding_ebt: 225217278
old_cohort_fraction: 0.997069387202

old_holder_cash_received_in_period_oku

11.450853193

events_in_period

equity_clean_surplus_residual_oku

1.81E-10

lease_cashflow_legacy_classification_note

lease_cash_total_incl_interest_oku_metadata_only

0.41

lease_principal_component_proxy_oku_metadata_only

0.35

lease_interest_component_proxy_oku_metadata_only

0.06

内容を開く

period_id

calendar_2028

period_start

2028-01-01

期間末

2028-12-31

calendar_inclusive_days

366

calendar_year_total_days

366

calendar_fraction

period_start_year

1.152635181383

period_end_year

2.151950718686

actual_or_forecast

forecast

historical_FY2026_included

いいえ

opening

内容を開く

現金（億）: 5.559109299
gross_borrowings_oku: 6.5
equity_parent_oku: 12.578247441
非支配持分資本（億）: 0.242657534
legacy_provision_oku: 0
発行済株式数: 226900673
EBT_shares: 1683395
old_holder_shares: 224557253.36267

segments

john_crane_revenue_oku: 12.5771825
flex_tek_revenue_oku: 9.5895533

売上高

22.1667358

headline_op_oku

4.860056824

headline_margin

0.21925

nonheadline_cost_oku

0.7

of_which_acquired_intang_amort_oku

0.35

SBC_total_expensed_oku

0.25625

SBC_nonheadline_expensed_oku

0.1425

IFRS_operating_profit_oku

4.160056824

net_finance_oku

-0.500976033

IFRS_profit_before_tax_continuing_oku

3.659080792

tax_expense_continuing_oku

0.896474794

nci_profit_oku

0.021

parent_NI_operating_oku

2.741605998

parent_NI_special_oku

parent_net_income_oku

2.741605998

D_and_A_oku

0.822

cash_capex_oku

0.68716881

working_capital_increment_oku

0.070883148

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

2.66280404

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.220411343

issuer_buyback_cash_oku

0.207233177

EBT_market_buy_cash_oku

0.23575

unannounced_MA_cash_oku

0.7

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.25625

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 5.858518817
gross_borrowings_oku: 6.5
net_cash_oku: -0.641481183
equity_parent_oku: 13.912708917
非支配持分資本（億）: 0.253657534
legacy_provision_oku: 0
発行済株式数: 226151181
EBT_shares: 1849334
old_holder_shares: 222961416.43782
float_excluding_ebt: 224301847
old_cohort_fraction: 0.994023987853

old_holder_cash_received_in_period_oku

1.653453922

events_in_period

equity_clean_surplus_residual_oku

-9.26E-10

lease_cashflow_legacy_classification_note

lease_cash_total_incl_interest_oku_metadata_only

0.41

lease_principal_component_proxy_oku_metadata_only

0.35

lease_interest_component_proxy_oku_metadata_only

0.06

内容を開く

period_id

calendar_2029

period_start

2029-01-01

期間末

2029-12-31

calendar_inclusive_days

365

calendar_year_total_days

365

calendar_fraction

period_start_year

2.154688569473

period_end_year

3.151266255989

actual_or_forecast

forecast

historical_FY2026_included

いいえ

opening

内容を開く

現金（億）: 5.858518817
gross_borrowings_oku: 6.5
equity_parent_oku: 13.912708917
非支配持分資本（億）: 0.253657534
legacy_provision_oku: 0
発行済株式数: 226151181
EBT_shares: 1849334
old_holder_shares: 222961416.43782

segments

john_crane_revenue_oku: 13.468927537
flex_tek_revenue_oku: 10.445747391

売上高

23.914674929

headline_op_oku

5.297100497

headline_margin

0.2215

nonheadline_cost_oku

0.7245

of_which_acquired_intang_amort_oku

0.3745

SBC_total_expensed_oku

0.26265625

SBC_nonheadline_expensed_oku

0.145

IFRS_operating_profit_oku

4.572600497

net_finance_oku

-0.495586661

IFRS_profit_before_tax_continuing_oku

4.077013835

tax_expense_continuing_oku

0.99886839

nci_profit_oku

0.021

parent_NI_operating_oku

3.057145446

parent_NI_special_oku

parent_net_income_oku

3.057145446

D_and_A_oku

0.8585

cash_capex_oku

0.741354923

working_capital_increment_oku

0.104876348

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

2.933070425

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.28530316

issuer_buyback_cash_oku

0.264523605

EBT_market_buy_cash_oku

0.24164375

unannounced_MA_cash_oku

0.7

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.26265625

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 6.300118728
gross_borrowings_oku: 6.5
net_cash_oku: -0.199881272
equity_parent_oku: 15.441040098
非支配持分資本（億）: 0.264657534
legacy_provision_oku: 0
発行済株式数: 225230375
EBT_shares: 2003762
old_holder_shares: 221212112.72646
float_excluding_ebt: 223226613
old_cohort_fraction: 0.990975537162

old_holder_cash_received_in_period_oku

1.775303456

events_in_period

equity_clean_surplus_residual_oku

1.54E-10

lease_cashflow_legacy_classification_note

lease_cash_total_incl_interest_oku_metadata_only

0.41

lease_principal_component_proxy_oku_metadata_only

0.35

lease_interest_component_proxy_oku_metadata_only

0.06

内容を開く

period_id

calendar_2030

period_start

2030-01-01

期間末

2030-12-31

calendar_inclusive_days

365

calendar_year_total_days

365

calendar_fraction

period_start_year

3.154004106776

period_end_year

4.150581793292

actual_or_forecast

forecast

historical_FY2026_included

いいえ

opening

内容を開く

現金（億）: 6.300118728
gross_borrowings_oku: 6.5
equity_parent_oku: 15.441040098
非支配持分資本（億）: 0.264657534
legacy_provision_oku: 0
発行済株式数: 225230375
EBT_shares: 2003762
old_holder_shares: 221212112.72646

segments

john_crane_revenue_oku: 14.409718552
flex_tek_revenue_oku: 11.35160074

売上高

25.761319292

headline_op_oku

5.764095192

headline_margin

0.22375

nonheadline_cost_oku

0.749

of_which_acquired_intang_amort_oku

0.399

SBC_total_expensed_oku

0.269222656

SBC_nonheadline_expensed_oku

0.1475

IFRS_operating_profit_oku

5.015095192

net_finance_oku

-0.487637863

IFRS_profit_before_tax_continuing_oku

4.527457329

tax_expense_continuing_oku

1.109227046

nci_profit_oku

0.021

parent_NI_operating_oku

3.397230283

parent_NI_special_oku

parent_net_income_oku

3.397230283

D_and_A_oku

0.895

cash_capex_oku

0.798600898

working_capital_increment_oku

0.110798662

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

3.25305338

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.352517777

issuer_buyback_cash_oku

0.335025692

EBT_market_buy_cash_oku

0.247684844

unannounced_MA_cash_oku

0.7

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.269222656

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 6.917943794
gross_borrowings_oku: 6.5
net_cash_oku: 0.417943794
equity_parent_oku: 17.172264724
非支配持分資本（億）: 0.275657534
legacy_provision_oku: 0
発行済株式数: 224107897
EBT_shares: 2146833
old_holder_shares: 219280183.15663
float_excluding_ebt: 221961064
old_cohort_fraction: 0.987921841808

old_holder_cash_received_in_period_oku

1.911854284

events_in_period

equity_clean_surplus_residual_oku

-4.46E-10

lease_cashflow_legacy_classification_note

lease_cash_total_incl_interest_oku_metadata_only

0.41

lease_principal_component_proxy_oku_metadata_only

0.35

lease_interest_component_proxy_oku_metadata_only

0.06

内容を開く

period_id

calendar_2031

period_start

2031-01-01

期間末

2031-12-31

calendar_inclusive_days

365

calendar_year_total_days

365

calendar_fraction

period_start_year

4.153319644079

period_end_year

5.149897330595

actual_or_forecast

forecast

historical_FY2026_included

いいえ

opening

内容を開く

現金（億）: 6.917943794
gross_borrowings_oku: 6.5
equity_parent_oku: 17.172264724
非支配持分資本（億）: 0.275657534
legacy_provision_oku: 0
発行済株式数: 224107897
EBT_shares: 2146833
old_holder_shares: 219280183.15663

segments

john_crane_revenue_oku: 15.402253072
flex_tek_revenue_oku: 12.309993583

売上高

27.712246655

headline_op_oku

6.262967744

headline_margin

0.226

nonheadline_cost_oku

0.7735

of_which_acquired_intang_amort_oku

0.4235

SBC_total_expensed_oku

0.275953223

SBC_nonheadline_expensed_oku

0.15

IFRS_operating_profit_oku

5.489467744

net_finance_oku

-0.476517012

IFRS_profit_before_tax_continuing_oku

5.012950732

tax_expense_continuing_oku

1.228172929

nci_profit_oku

0.021

parent_NI_operating_oku

3.763777803

parent_NI_special_oku

parent_net_income_oku

3.763777803

D_and_A_oku

0.9315

cash_capex_oku

0.859079646

working_capital_increment_oku

0.117055642

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

3.596095738

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.421971151

issuer_buyback_cash_oku

0.411325736

EBT_market_buy_cash_oku

0.253876965

unannounced_MA_cash_oku

0.7

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.275953223

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 7.726865679
gross_borrowings_oku: 6.5
net_cash_oku: 1.226865679
equity_parent_oku: 19.124821898
非支配持分資本（億）: 0.286657534
legacy_provision_oku: 0
発行済株式数: 222781476
EBT_shares: 2278701
old_holder_shares: 217164418.7092
float_excluding_ebt: 220502775
old_cohort_fraction: 0.984860252707

old_holder_cash_received_in_period_oku

2.055574715

events_in_period

equity_clean_surplus_residual_oku

-4.0E-10

lease_cashflow_legacy_classification_note

lease_cash_total_incl_interest_oku_metadata_only

0.41

lease_principal_component_proxy_oku_metadata_only

0.35

lease_interest_component_proxy_oku_metadata_only

0.06

内容を開く

period_id

calendar_2032

period_start

2032-01-01

期間末

2032-12-31

calendar_inclusive_days

366

calendar_year_total_days

366

calendar_fraction

period_start_year

5.152635181383

period_end_year

6.151950718686

actual_or_forecast

forecast

historical_FY2026_included

いいえ

opening

内容を開く

現金（億）: 7.726865679
gross_borrowings_oku: 6.5
equity_parent_oku: 19.124821898
非支配持分資本（億）: 0.286657534
legacy_provision_oku: 0
発行済株式数: 222781476
EBT_shares: 2278701
old_holder_shares: 217164418.7092

segments

john_crane_revenue_oku: 16.449376991
flex_tek_revenue_oku: 13.323973211

売上高

29.773350202

headline_op_oku

6.795767184

headline_margin

0.22825

nonheadline_cost_oku

0.798

of_which_acquired_intang_amort_oku

0.448

SBC_total_expensed_oku

0.282852053

SBC_nonheadline_expensed_oku

0.1525

IFRS_operating_profit_oku

5.997767184

net_finance_oku

-0.461956418

IFRS_profit_before_tax_continuing_oku

5.535810766

tax_expense_continuing_oku

1.356273638

nci_profit_oku

0.021

parent_NI_operating_oku

4.158537128

parent_NI_special_oku

parent_net_income_oku

4.158537128

D_and_A_oku

0.968

cash_capex_oku

0.922973856

working_capital_increment_oku

0.123666213

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

3.963749112

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.493608863

issuer_buyback_cash_oku

0.4938705

EBT_market_buy_cash_oku

0.260223889

unannounced_MA_cash_oku

0.7

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.282852053

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 8.742911541
gross_borrowings_oku: 6.5
net_cash_oku: 2.242911541
equity_parent_oku: 21.318507829
非支配持分資本（億）: 0.297657534
legacy_provision_oku: 0
発行済株式数: 221248770
EBT_shares: 2399431
old_holder_shares: 214863661.29648
float_excluding_ebt: 218849339
old_cohort_fraction: 0.98178802951

old_holder_cash_received_in_period_oku

2.206768215

events_in_period

equity_clean_surplus_residual_oku

5.41E-10

lease_cashflow_legacy_classification_note

lease_cash_total_incl_interest_oku_metadata_only

0.41

lease_principal_component_proxy_oku_metadata_only

0.35

lease_interest_component_proxy_oku_metadata_only

0.06

内容を開く

period_id

calendar_2033

period_start

2033-01-01

期間末

2033-12-31

calendar_inclusive_days

365

calendar_year_total_days

365

calendar_fraction

period_start_year

6.154688569473

period_end_year

7.151266255989

actual_or_forecast

forecast

historical_FY2026_included

いいえ

opening

内容を開く

現金（億）: 8.742911541
gross_borrowings_oku: 6.5
equity_parent_oku: 21.318507829
非支配持分資本（億）: 0.297657534
legacy_provision_oku: 0
発行済株式数: 221248770
EBT_shares: 2399431
old_holder_shares: 214863661.29648

segments

john_crane_revenue_oku: 17.554092726
flex_tek_revenue_oku: 14.396763657

売上高

31.950856383

headline_op_oku

7.364672396

headline_margin

0.2305

nonheadline_cost_oku

0.8225

of_which_acquired_intang_amort_oku

0.4725

SBC_total_expensed_oku

0.289923355

SBC_nonheadline_expensed_oku

0.155

IFRS_operating_profit_oku

6.542172396

net_finance_oku

-0.443667592

IFRS_profit_before_tax_continuing_oku

6.098504804

tax_expense_continuing_oku

1.494133677

nci_profit_oku

0.021

parent_NI_operating_oku

4.583371127

parent_NI_special_oku

parent_net_income_oku

4.583371127

D_and_A_oku

1.0045

cash_capex_oku

0.990476548

working_capital_increment_oku

0.130650371

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

4.357667563

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.567353132

issuer_buyback_cash_oku

0.58314073

EBT_market_buy_cash_oku

0.266729486

unannounced_MA_cash_oku

0.7

bond_repayment_oku

5.37

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.289923355

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 4.613355756
gross_borrowings_oku: 1.13
net_cash_oku: 3.483355756
equity_parent_oku: 23.774578962
非支配持分資本（億）: 0.308657534
legacy_provision_oku: 0
発行済株式数: 219506903
EBT_shares: 2509258
old_holder_shares: 212376099.47169
float_excluding_ebt: 216997645
old_cohort_fraction: 0.978702324035

old_holder_cash_received_in_period_oku

2.365742276

events_in_period

equity_clean_surplus_residual_oku

8.6E-11

lease_cashflow_legacy_classification_note

lease_cash_total_incl_interest_oku_metadata_only

0.41

lease_principal_component_proxy_oku_metadata_only

0.35

lease_interest_component_proxy_oku_metadata_only

0.06

内容を開く

period_id

calendar_2034

period_start

2034-01-01

期間末

2034-12-31

calendar_inclusive_days

365

calendar_year_total_days

365

calendar_fraction

period_start_year

7.154004106776

period_end_year

8.150581793292

actual_or_forecast

forecast

historical_FY2026_included

いいえ

opening

内容を開く

現金（億）: 4.613355756
gross_borrowings_oku: 1.13
equity_parent_oku: 23.774578962
非支配持分資本（億）: 0.308657534
legacy_provision_oku: 0
発行済株式数: 219506903
EBT_shares: 2509258
old_holder_shares: 212376099.47169

segments

john_crane_revenue_oku: 18.719567826
flex_tek_revenue_oku: 15.531775949

売上高

34.251343775

headline_op_oku

7.972000264

headline_margin

0.23275

nonheadline_cost_oku

0.847

of_which_acquired_intang_amort_oku

0.497

SBC_total_expensed_oku

0.297171438

SBC_nonheadline_expensed_oku

0.1575

IFRS_operating_profit_oku

7.125000264

net_finance_oku

-0.603919596

IFRS_profit_before_tax_continuing_oku

6.521080667

tax_expense_continuing_oku

1.597664763

nci_profit_oku

0.021

parent_NI_operating_oku

4.902415904

parent_NI_special_oku

parent_net_income_oku

4.902415904

D_and_A_oku

1.041

cash_capex_oku

1.061791657

working_capital_increment_oku

0.138029244

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

4.641766442

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.643684827

issuer_buyback_cash_oku

0.64105785

EBT_market_buy_cash_oku

0.273397723

unannounced_MA_cash_oku

0.7

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.297171438

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 5.996981797
gross_borrowings_oku: 1.13
net_cash_oku: 4.866981797
equity_parent_oku: 26.416025904
非支配持分資本（億）: 0.319657534
legacy_provision_oku: 0
発行済株式数: 217663863
EBT_shares: 2608328
old_holder_shares: 209808212.55656
float_excluding_ebt: 215055535
old_cohort_fraction: 0.975600151638

old_holder_cash_received_in_period_oku

2.495722341

events_in_period

equity_clean_surplus_residual_oku

7.6E-11

lease_cashflow_legacy_classification_note

lease_cash_total_incl_interest_oku_metadata_only

0.41

lease_principal_component_proxy_oku_metadata_only

0.35

lease_interest_component_proxy_oku_metadata_only

0.06

内容を開く

period_id

calendar_2035

period_start

2035-01-01

期間末

2035-12-31

calendar_inclusive_days

365

calendar_year_total_days

365

calendar_fraction

period_start_year

8.153319644079

period_end_year

9.149897330595

actual_or_forecast

forecast

historical_FY2026_included

いいえ

opening

内容を開く

現金（億）: 5.996981797
gross_borrowings_oku: 1.13
equity_parent_oku: 26.416025904
非支配持分資本（億）: 0.319657534
legacy_provision_oku: 0
発行済株式数: 217663863
EBT_shares: 2608328
old_holder_shares: 209808212.55656

segments

john_crane_revenue_oku: 19.949144056
flex_tek_revenue_oku: 16.732618954

売上高

36.681763011

headline_op_oku

8.620214307

headline_margin

0.235

nonheadline_cost_oku

0.8715

of_which_acquired_intang_amort_oku

0.5215

SBC_total_expensed_oku

0.304600724

SBC_nonheadline_expensed_oku

0.16

IFRS_operating_profit_oku

7.748714307

net_finance_oku

-0.579014328

IFRS_profit_before_tax_continuing_oku

7.16969998

tax_expense_continuing_oku

1.756576495

nci_profit_oku

0.021

parent_NI_operating_oku

5.392123485

parent_NI_special_oku

parent_net_income_oku

5.392123485

D_and_A_oku

1.0775

cash_capex_oku

1.137134653

working_capital_increment_oku

0.145825154

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

5.092264402

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.72222037

issuer_buyback_cash_oku

0.744745058

EBT_market_buy_cash_oku

0.280232666

unannounced_MA_cash_oku

0.7

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.304600724

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 7.642048106
gross_borrowings_oku: 1.13
net_cash_oku: 6.512048106
equity_parent_oku: 29.36555202
非支配持分資本（億）: 0.330657534
legacy_provision_oku: 0
発行済株式数: 215603039
EBT_shares: 2696786
old_holder_shares: 207047067.66722
float_excluding_ebt: 212906253
old_cohort_fraction: 0.97247997534

old_holder_cash_received_in_period_oku

2.671595165

events_in_period

equity_clean_surplus_residual_oku

7.31E-10

lease_cashflow_legacy_classification_note

lease_cash_total_incl_interest_oku_metadata_only

0.41

lease_principal_component_proxy_oku_metadata_only

0.35

lease_interest_component_proxy_oku_metadata_only

0.06

内容を開く

period_id

2036_pre_close_311d

period_start

2036-01-01

期間末

2036-11-06

calendar_inclusive_days

311

calendar_year_total_days

366

calendar_fraction

0.849726775956

period_start_year

9.152635181383

period_end_year

10.001368925394

actual_or_forecast

forecast

historical_FY2026_included

いいえ

opening

内容を開く

現金（億）: 7.642048106
gross_borrowings_oku: 1.13
equity_parent_oku: 29.36555202
非支配持分資本（億）: 0.330657534
legacy_provision_oku: 0
発行済株式数: 215603039
EBT_shares: 2696786
old_holder_shares: 207047067.66722

segments

john_crane_revenue_oku: 18.05358992
flex_tek_revenue_oku: 15.297725343

売上高

33.351315262

headline_op_oku

7.837559087

headline_margin

0.235

nonheadline_cost_oku

0.761355191

of_which_acquired_intang_amort_oku

0.46395082

SBC_total_expensed_oku

0.265298076

SBC_nonheadline_expensed_oku

0.138080601

IFRS_operating_profit_oku

7.076203895

net_finance_oku

-0.466842554

IFRS_profit_before_tax_continuing_oku

6.609361342

tax_expense_continuing_oku

1.619293529

nci_profit_oku

0.017844262

parent_NI_operating_oku

4.972223551

parent_NI_special_oku

parent_net_income_oku

4.972223551

D_and_A_oku

0.946595628

cash_capex_oku

1.033890773

working_capital_increment_oku

0.130910343

lease_principal_oku

0.348387978

core_company_FCF_after_tax_oku

4.680275156

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

0.562769677

issuer_buyback_cash_oku

0.515259116

EBT_market_buy_cash_oku

0.24407423

unannounced_MA_cash_oku

0.7

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.265298076

NCI_dividend_paid_oku

0.008497268

ending

内容を開く

現金（億）: 10.300220238
gross_borrowings_oku: 1.13
net_cash_oku: 9.170220238
equity_parent_oku: 33.280970623
非支配持分資本（億）: 0.340004529
legacy_provision_oku: 0
発行済株式数: 214230865
EBT_shares: 2762987
old_holder_shares: 205083508.41535
float_excluding_ebt: 211467878
old_cohort_fraction: 0.969809270112

old_holder_cash_received_in_period_oku

1.282187567

events_in_period

equity_clean_surplus_residual_oku

-2.94E-10

presentation_scope

2036 January 1 through November 6 only (311 of 366 calendar days); numerical data unchanged from v1; 2037 annual segments are independent full-year forward valuation inputs.

unpaid_final_dividend_terminal_reconciliation

内容を開く

company_2036_final_dividend_assumed_declared_unpaid_liability_oku: 1.244932748
old_holder_nominal_claim_oku: 1.207347319272
old_holder_terminal_claim_pv_oku: 1.20223064824
net_effect_on_terminal_holder_valuation_vs_v1_oku: 1.20223064824
no_company_cash_payment_inside_2036_ledger: はい
注記: Separate valuation-only reconciliation. Does not change underlying assumed 2036 clean-surplus ledger, because declaration date and IFRS ledger recognition are not documented; company stock EV bridge already deducts liability once.

lease_cashflow_legacy_classification_note

lease_cash_total_incl_interest_oku_metadata_only

0.348387978

lease_principal_component_proxy_oku_metadata_only

0.297404371463

lease_interest_component_proxy_oku_metadata_only

0.050983606537

terminal

内容を開く

日付: 2036-11-06
year_from_cutoff_actual_days_over_365_25: 10.001368925394
方法: sustainable_unlevered_owner_FCF_after_tax_over_k_minus_g_plus_excess_cash_less_financial_debt_and_legacy_liabilities
terminal_perpetual_growth: 0.022
equity_cost_k: 0.09
2037_forecast_runrate_revenue_oku: 40.612945905
2037_forecast_headline_margin: 0.235
2037_forecast_IFRS_operating_profit_oku: 8.623542288
2037_operating_tax_oku: 2.11276786
2037_NCI_profit_not_owned_oku: 0.021
2037_D_and_A_oku: 1.1505
2037_total_SBC_expense_noncash_addback_oku: 0.320021136
2037_cash_capex_oku: 1.259001323
2037_operating_working_capital_increment_oku: 0.081809284
2037_lease_principal_cash_oku: 0.35
2037_EBT_share_replacement_cash_oku: 0.294419445
2037_assumed_growth_MA_cash_oku: 0.7
2037_sustainable_unlevered_owner_FCF_oku: 5.229765511
terminal_operating_enterprise_value_oku: 76.908316338235
terminal_company_cash_oku: 10.300220238
terminal_company_gross_debt_oku: 1.13
terminal_assumed_steady_lease_liabilities_oku: 1.04
terminal_nonlease_debt_deducted_oku: 0.09
lease_accounting_note: CORRECTED v3: issuer FY2026 financing Lease payments GBP41m INCLUDE lease interest under company accounting policy; FY2026 GBP6m interest expense is in finance cost OUTSIDE IFRS operating profit, and GBP104m lease liability is in gross borrowings. For 2037 assumed stable GBP41m TOTAL lease cash = approx GBP35m principal + GBP6m interest (using FY2026 interest-expense proxy). 2037 terminal EBIT-based FCF uses -GBP35m -GBP6m*(1-model-tax-rate) exactly once; GBP6m*tax is the separately explicit assumed interest tax shield, not extra rent. The GBP104m lease liability is omitted from terminal EV debt deduction only because full ongoing lease rent is capitalized in FCF. Model GBP41m comes from FY2026 group FY cashflow with divestiture timing and is not company 2037 guidance; actual split/deductibility not separately verified.
required_operating_cash_oku: 1.5
NCI_claim_on_nonoperating_assets_proxy_oku: 0.340004529
terminal_remaining_legacy_provision_oku: 0
pre_terminal_ex_div_future_payment_company_adjustment_oku: 1.244932748
uncompleted_Flex_Tek_disposal_net_assets_oku: 0
total_company_equity_value_oku: 84.033599299235
old_holder_shares_at_terminal: 205083508.41535
issued_shares_at_terminal: 214230865
EBT_shares_at_terminal: 2762987
old_cohort_fraction: 0.969809270112
old_cohort_terminal_mcap_oku: 82.698794249516
2036_partial_days: 311
2036_annual_runrate_not_confused_with_partial: はい
company_ending_equity_value_kind: ex_dividend_stock_only_excludes_unpaid_2036_dividend_receivables
total_company_equity_value_plus_outstanding_dividend_receivables_oku: 85.273256090824
company_unpaid_final_dividend_liability_oku: 1.244932748
company_total_nominal_outstanding_dividend_rights_oku: 1.244932747583
company_outstanding_dividend_rights_terminal_pv_oku: 1.239656791589
old_cohort_terminal_stock_ex_div_only_oku: 81.496563601276
old_cohort_unpaid_dividend_entitlement_shares_at_ex: 205083508.41535
old_cohort_unpaid_dividend_assumed_per_share_gbp: 0.588710096
old_cohort_unpaid_dividend_nominal_oku: 1.207347319272
old_cohort_unpaid_dividend_receivable_pv_at_terminal_oku: 1.20223064824
old_cohort_unpaid_dividend_ex_date_assumed: 2036-10-16
old_cohort_unpaid_dividend_payment_date_assumed: 2036-11-24
old_cohort_receivable_discount_rate: 0.09
old_cohort_receivable_discount_years: 0.049281314168
terminal_old_holder_value_kind: stock_value_ex_div_plus_discounted_old_holder_right_to_future_cash
forecast_2036_dividend_payable_included_once_in_stock_adjustment: はい
forecast_2036_dividend_right_not_in_2036_cashflow_events: はい
2036_partial_revenue_oku: 33.351315262
2036_partial_IFRS_operating_profit_oku: 7.076203895
2036_partial_parent_net_income_oku: 4.972223551
2036_partial_reporting_basis: forecast calendar 2036 Jan 1 to Nov 6 inclusive: 311 / 366 days; NOT 2037 whole-year run rate
2037_runrate_reporting_basis: forecast calendar 2037 Jan 1 to Dec 31 inclusive: full 365-day run rate for perpetual valuation; NOT FY2037 actual or 2036 period profit
company_equity_book_value_2036_ledger_treatment: unchanged v1 forecast parent equity ledger before standalone assumed unpaid dividend adjustment; terminal company stock valuation deducts unpaid 2036 final liability once. No 2036 declared date known; it is not a verified IFRS balance sheet.
2037_lease_interest_cash_proxy_oku: 0.06
2037_lease_cash_total_including_interest_oku: 0.41
2037_lease_interest_after_tax_oku: 0.0453
2037_lease_interest_tax_shield_oku: 0.0147
2037_effective_tax_assumption_for_lease_interest: 0.245
FY2026_lease_finance_interest_expense_oku_actual: 0.06
FY2026_reported_total_lease_cash_outflow_oku_actual: 0.41
FY2026_reported_lease_liability_oku_actual: 1.04
FY2026_lease_interest_expense_divided_by_ending_liability_proxy_rate: 0.057692307692
lease_interest_2037_assumed_rate_on_steady_lease_liability: 0.057692307692
lease_interest_cash_proxy_not_verified_actual_cash_split: はい
2037_lease_cash_adjustment_vs_v2_oku: 0.0147
2037_lease_interest_in_FCF_once: はい
2037_lease_interest_additional_outflow_v3_oku: 0
2037_lease_liability_second_deduction_v3_oku: 0
2037_lease_cash_source_year: FY2026 issuer actual group financing cashflow, extrapolated as 2037 assumed all-in runrate
2037_lease_interest_tax_shield_status: forecast optional assumption; tax deductibility by jurisdiction is NOT individually proven; no-tax-shield scenario reproduces v2.

old_holder_economics

内容を開く

opening_cohort_shares_proxy: 270876790
initial_cost_oku: 69.696598067
terminal_old_holder_shares: 205083508.41535
terminal_public_excluding_trust_shares: 211467878
terminal_old_fraction: 0.969809270112
old_holder_positive_cashflows_sum_oku: 31.893574949
terminal_old_cohort_mcap_oku: 82.698794249516
no_terminal_event_inside_timed_cashflows: はい
past_ex_date_final_2026_old_holder_payment_oku: 0
future_ex_date_2036_post_horizon_paid_omitted: いいえ
terminal_old_cohort_stock_ex_div_only_oku: 81.496563601276
terminal_old_cohort_unpaid_dividend_nominal_oku: 1.207347319272
terminal_old_cohort_unpaid_dividend_pv_oku: 1.20223064824
future_ex_date_2036_post_horizon_paid_in_timed_cashflows: いいえ
future_ex_date_2036_post_horizon_earnings_right_valued_in_terminal: はい
terminal_is_2036_11_06_not_payment_date: はい

valuation

内容を開く

pv_holder_events_at_k_oku: 23.929582830993
pv_terminal_at_k_oku: 34.928743592067
pv_total_oku: 58.858326423061
pv_per_opening_share_gbp: 21.728818635
safety_margin_to_price_pct: -0.155506465804
holder_cashflow_irr: 0.065065465706
irr_npv_residual_oku: 0
pv_terminal_stock_ex_div_only_at_k_oku: 34.420968280081
pv_terminal_receivable_at_k_oku: 0.507775311986
new_right_pv_difference_vs_v1_oku: 0.507775311986
v3_lease_tax_shield_increment_in_FCF_oku: 0.0147
v3_lease_only_increment_old_holder_terminal_oku: 0.209649949276
v3_lease_only_increment_old_holder_present_value_oku: 0.08854795754
v2_dividend_receivable_component_unchanged_v3: はい

net_sum

40.126516799

payout

31.893574949

mcap

82.698794249516

net

4.972223551

7.076203895

equity

33.280970623

company_mcap_ex_div_stock_only_oku

84.033599299235

terminal_old_holder_stock_ex_div_only_oku

81.496563601276

terminal_old_holder_receivable_oku

1.20223064824

2036_partial_vs_2037_runrate_label

内容を開く

売上高: 2036-01-01 to 2036-11-06 311/366 DAYS (calendar forecast)
営業利益: 2036-01-01 to 2036-11-06 311/366 DAYS (calendar forecast IFRS op)
純利益: 2036-01-01 to 2036-11-06 311/366 DAYS (calendar forecast parent NI)
segments: 2037-01-01 to 2037-12-31 full 365 DAYS calendar run rate, future annual, not 2036 partial period and not corporate FY2027 actual

terminal_stock_value_oku

81.496563601276

terminal_holder_receivable_pv_oku

1.20223064824

partial_2036_revenue_oku

33.351315262

partial_2036_op_oku

7.076203895

partial_2036_net_oku

4.972223551

segment_operating_profit_status

not_estimated

multiple_note

終価の会社株式価値を2036年部分期の親会社利益の年率換算で割った参考倍率。終価の入力PERではありません。

中立：FY2027ガイダンス近傍と緩やかな複利（確率 40.0%）

John Craneの更新需要が堅調、Flex-Tekは米住宅市場が徐々に回復。売却済み事業の利益は反復せず、石綿負債の譲渡費を計上。

確率の根拠

主観的シナリオ重み。市場が示す客観的確率ではない。

このシナリオの数値・キャッシュフローを開く →

弱気：住宅・エネルギー循環と還元遅延（確率 20.0%）

建設・プロセス産業の需要停滞。買戻しは約25%遅延し現金として残る。石綿負債譲渡は不成立。

確率の根拠

主観的シナリオ重み。市場が示す客観的確率ではない。

このシナリオの数値・キャッシュフローを開く →

厳しい弱気：設備投資停滞・訴訟積増し（確率 10.0%）

エネルギー設備の更新と米建設が長期停滞。訴訟負担を追加認識し、当初公表の買戻し計画も大幅縮小。

確率の根拠

主観的シナリオ重み。市場が示す客観的確率ではない。

このシナリオの数値・キャッシュフローを開く →

金額の単位

oku GBP (100 million GBP)

分析基準とデータ

価格・単価: 25.73
price_currency: GBP
listed_quote: 2573
listed_quote_currency: GBp
株価基準日: 2026-11-06
株価の出所: 2026-11-06終値25.73 GBP。FT掲載日付別価格などの二次情報。取引所当日日次原票は直接確認できず。
株数: 270876790
shares_kind: opening beneficial public investor cohort, issued economic proxy less July31 EBT proxy; not legally exact Nov6 shares
株数の出所: 10月末会社開示と11月4日までの既知買戻しを基に推計した流通株から、2026年7月末の信託149万株を代理控除。11月6日の正確な株数と信託残高は未確認です。
shares_precision: estimated as of Nov04 known repurchases; Nov05-06 unannounced trades, EBT transfers and settlement dates unknown
issued_shares_2026_07_31_actual: 295807098
issued_shares_oct_30_official: 274536580
buyback_oct26_oct30_purchased_unsettled: 1611669
buyback_nov02_nov04_purchased: 554241
issued_after_known_trades_proxy: 272370670
EBT_held_2026_07_31_actual_latest: 1493880
initial_old_cohort_shares_proxy: 270876790
initial_old_cohort_cost_oku: 69.696598067
full_company_issued_proxy_mcap_oku: 70.080973391
2026_11_05_06_unpublished_issuer_repurchases: 未確認
2026_11_06_exact_EBT_balance: 未確認
date_specific_price_issuer_primary_confirmed: いいえ

検証上の留意点

reporting

2026 fiscal year ends July 31. Projection uses calendar 2026 Nov7-Dec31 (55 days), 2027-2035 full calendar years and 2036 Jan1-Nov6 (311/366 days), total 55 periods. Top-level each case revenue_oku, op_oku, net_oku are the 2036 311-day PARTIAL period, while case.segments 2037_annual and terminal 2037 runrate are full-calendar-year PROJECTIONS, not 2036 partial values or FY2037 issuer reported.

source_status

company annual and RNS facts through 2026-11-06; unaudited as-of balance proxies, forward years and all assumed event dates explicitly forecasts

invariant_company_parent_equity

ending parent equity = opening parent equity + parent NI(all exceptional and ordinary)+equity SBC credit - issuer cash buyback -E BT cash-funded shares - company dividends. Exact events grouped by calendar period. Prior FY2026 forward liability commitment 319m is not expensed again in cutoff bridge.

invariant_company_cash

ending cash = opening cash + recurring after-tax company cash FCF - dividends - issuer repurchase - employee trust market purchases - acquisitions - bond redemption - legal settlements + disposals + hypothetical funding.

invariant_old_cohort

old shares sold pro rata from public float for issuer repurchases and EBT market purchase; EBT transfer to workers generates zero cash and shifts old holding percentage; dividends paid on eligible old shares only; terminal value company times final old/free-float ratio.

invariant_IRR

Single negative initial outflow at 2026-11-06; positive old cohort dated cash only through 2036-11-06; at 2036-11-06 append one combined terminal of ex-div stock residual plus PV at terminal of October-ex, November-after-end dividend receivable. Separately prob-weight amount by date AND terminal, then root-solve. No post-horizon timed cash. v3 uses operating terminal FCF corrected ONLY for lease interest tax relief; all dated cohort flows and 2036 receivable are identical to v2. Recompute expected CF on each date and root-solve.

SBC_valuation

2037 SBC is non-cash addback with expected market cash to replenish employee trust subtracted once; historical EBT purchases are owner tender receipts and corporate cash expense. The same SBC is never subtracted twice from P&L. An alternative new issue/dilution would change forecasts.

NCI_handling

Parent NI excludes NCI share; company consolidated cash includes subsidiary cash but terminal owner cash flow subtracts ongoing NCI profit, and conservatively deducts NCI book claim from terminal excess cash. This conservative NCI adjustment may overstate minority cash share.

lease_and_debt

FY2026 GBP41m consolidated cash-flow financing Lease payments INCLUDES GBP6m lease interest FINANCE COST (note4), per issuer lease accounting policy; GBP104m lease liabilities in gross borrowing (note18). v2 terminal lease_principal=GBP41m was mislabelled, since it is all-in cash. v3 explicitly models 2037 GBP35m principal plus GBP6m interest proxy; tax-after interest GBP6m*(1-t) plus principal, t from each case 2037 EBIT-based tax rate. Total recurring lease cash remains GBP41m before tax shield. No second deduction of GBP104m in EV bridge; no extra GBP6m gross cash deduction. This terminal-only potential tax shield is contingent on deductibility and availability of tax relief; zero-shield alternative equals v2. Annual ledgers unchanged numeric; legacy annual lease_principal_oku is a misnomer for full lease cash; FY2026 GBP41m total includes discontinued during year. The FY2026 GBP6m is ACCOUNTING EXPENSE, not separately verified cash paid; the 5.769% computed using ending GBP104m liability is only a historical illustrative ratio, not issuer 2037 contractual implied lease rate.

legacy

Asbestos provision 153m is liability, not net debt; settlement reduces cash and provision without new expense; liability transfer difference is direct modeled parent P&L adjustment and obligation is not twice deducted in terminal.

2026_final_dividend

2026 Oct15 ex before cutoff; Nov23 paid by company with new holder zero cash; approval Nov18 still required. Cash outflow 93.8m is a proxy because Oct16 entitled share count not independently verified.

2036_final_ex_date

FORECAST ONLY: 2036-10-16 assumed ex and 2036-11-24 assumed payment (18d post terminal). Company liability already deducted in ex-div stock terminal; old-holder receivable entitlement is nominal shares-at-ex × per-share dividend and discounted from payment to 2036-11-06, added once to mcap. Keep zero dated ex-date review; do not add 2036-11-24 receipt to timed_cashflows. Actual declaration and dates require future revalidation.

forecast_price

Issuer and EBT buyback shares from case-defined assumed market prices, never assume future share quotes from current P/E.

terminal_kind

Company stock enterprise-to-equity derived from sustainable full calendar 2037 365-day cash flow, adjusted for 2036 ex-div unpaid liability once. Old holder mcap is stock ex-div residual plus post-horizon contractual-style forecast dividend claim (PV at terminal). 2036 311-day accounting amounts retained separately. v3 2037 terminal normalized lease cash and tax, without change to 2036 311-day partial-year reported figures or 2036 post-horizon dividend entitlement.

basis_uncertainty

Unannounced Nov 5-6 buyback unknown; shares chosen as last confirmable as-of-source through Nov4 and July EBT proxy. Price source is dated secondary; official listing confirms identity but LSE historical value not retrieved.

warnings

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1: 37.5 pence nominal is not price; quote 2,573p divided by 100 to 25.73 GBP
2: No 2026 AGM result or November Q1 data used because as-of cutoff
3: uncompleted business sale proceeds £40m must not be assumed all receivable after cutoff
4: all FY2026 £3.245bn sale proceeds already in 31Jul cash; not future cashflows
5: market PER not used for terminal
6: future share grants, ex dates and repurchase prices remain estimates
7: 2036 assumed dividend right exists within modeled cohort; hypothetical ex and payment dates and amount are NOT confirmed by 2026 issuer primary sources. v1 omitted an asset, now corrected in terminal only; shareholder paid cashflow remains unchanged.
8: At 2036-11-06, terminal stock price is explicitly EX dividend and dividend liability has already been deducted from company stock value; do not credit corporate assets again when adding old-holder receivable.
9: v3: FY2026 GBP41m Lease payments contains financing interest per issuer accounting policy; old key lease_principal in historical 55 modeled annual rows is a legacy misnomer; new lease_cash_total metadata disaggregates only on proxy basis.
10: FY2026 GBP6m lease interest is reported P&L finance cost, NOT explicitly cash-interest amount; projecting it as GBP6m in 2037 and tax shield at scenario 24-26% is a conditional modeling assumption. Gross GBP41m cash treated as steady despite FY26 divestitures; no claim of management forecast.
11: Further audit limitation: annual-period net_finance_oku forecast (GBP12m negative baseline with cash adjustments) does not split lease interest; possible overlap with GBP41m all-in lease cash in annual NI-to-company-FCF cannot be excluded. All 55 annual period numbers deliberately preserved from v2 pending independent source-backed reconstruction.

check_results

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pass

はい

cases

periods

events

454

expected_IRR_independent

0.036274467485

expected_pv_oku_independent

48.331060753631

expected_price_gbp_per_share

17.842451822

max_residual_by_metric

内容を開く

gross lease cash from primary 41m: 0
finance interest proxy 6/104*104: 0
lease principal assumption: 0
after-tax lease interest: 0
tax effect: 0
FCF from component P&L and cash: 1.0E-9
change from v2 FCF equals interest tax benefit: 0
terminal operating enterprise: 1.4706E-8
terminal company ex-div stock: 1.4706E-8
no lease second financial debt: 0
old holder terminal float fraction: 0
old stock residual: 1.4278E-8
recompute old-holder 2036 dividend receivable: 0
v2 right unchanged: 0
case terminal mcap_oku: 1.4278E-8
case terminal mcap: 1.4278E-8
old holder econ value: 1.4278E-8
date year: 0
period payouts do not change: 4.89E-10
XIRR root NPV residual: 0
individual IRR: 4.4E-11
case v3 PV: 6.03E-9
case v3 PV/share: 2.097E-9
case IRR residual: 0
weighted old terminal: 8.86E-10
weighted IRR: 2.0E-12
weighted PV: 3.73E-10
summary weighted IRR: 2.0E-12
summary weighted value: 3.73E-10
headline expected 1sh: 3.32E-10
2036 receivables exactly unchanged: 0
sensitivity PV 0.08: 4.0E-12
sensitivity price 0.08: 3.17E-10
sensitivity divright 0.08: 0
sensitivity safety margin 0.08: 0
sensitivity PV 0.09: 3.0E-12
sensitivity price 0.09: 4.71E-10
sensitivity divright 0.09: 0
sensitivity safety margin 0.09: 0
sensitivity PV 0.1: 2.0E-12
sensitivity price 0.1: 4.59E-10
sensitivity divright 0.1: 0
sensitivity safety margin 0.1: 0
sensitivity PV 0.11: 2.0E-12
sensitivity price 0.11: 1.54E-10
sensitivity divright 0.11: 0
sensitivity safety margin 0.11: 0

all_annual_ledger_prior_fields_numerically_identical_v2

はい

all_454_events_identical_v2

はい

assumed_ex_date_zero_event_preserved

はい

2036_post_horizon_payment_not_in_timed_cashflows

はい

2036_dividend_receivable_identical_v2

はい

2037_full_year_terminal_lease_adjustment_only

はい

no_104m_lease_liability_second_deduction

はい

all_in_41m_cash_and_6m_interest_not_double_deducted

はい

tax_effect_conditional_not_verified_with_issuer

はい

source_status_detail

confirmed_before_2026_11_06

FY2026 primary accounts, 2026 final 33.5p ex 2026-10-15; Nov 23 payment conditional on AGM; company 2026 events calendar. 2036 schedule is NOT primary data.

unverified_as_of_base_date

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1: 2036 board declaration, ex date, record date and 2036-11-24 payment date
2: 2036 dividend rate/share, 2036 ex-date eligible shares, subsequent 2036 repurchases
3: exact 2026-11-06 fully settled issued shares, EBT and unreported own-share trades Nov5-Nov6
4: 2026-11-06 cash and buyback forward liabilities (opening amount is bridge estimate)
5: outcome and cash cost of planned legacy asbestos obligation transfer
6: future Flex-Tek non-core sales closing
7: 2037 full-calendar-year segment revenue and owner-CF forecasts
8: 2037 annual cash lease interest component, 2037 lease amortization schedule/new leases and cash rent; FY2026 GBP6m is finance expense not separately paid cash
9: tax jurisdiction deductibility and cash-tax relief for IFRS16 lease interest; scenario 2037 tax rates are assumptions

preserved_unverified_v1_cutoff_facts

はい

annual_ledger_finance_interest_overlap_not_resolved

Legacy 2027-2036 annual ledger net_finance_oku is a single modelled financing-income/expense aggregate, with no itemized lease-interest component. Because original annual core FCF starts after finance expense and uses an annual lease_principal_oku legacy proxy equal to ALL-IN GBP41m cash, overlap of this annual forecast finance aggregate with lease interest CANNOT be independently excluded. The user requested unchanged annual ledger; no unsupported retrofit was made. This uncertainty applies to annual-period company cash/holder events and must be separately revalidated if a full annual lease finance cash bridge is obtained. It does NOT invalidate the separate 2037 terminal EBIT-before-finance lease split tested here; that terminal starts with pre-finance EBIT and accounts for lease cash once.

追加データ・検証記録

分析ごとに収録された追加の前提、年度別データ、検証上の注意を確認できます。

追加データを開く →

分析に使用した資料

Smiths Group FY2026 annual report iXBRL as filed at FCA 2026-10-08
Smiths FY2026 results 2026-09-22
Smiths buyback RNS 8586B 2026-11-05
Smiths total voting rights at Oct 30 2026 RNS 2026-11-02
Smiths Oct 26-30 repurchases RNS 2026-11-02
Smiths FY2026 dividends and investor calendar 2026-09-22
Completion of Smiths Detection disposal to CVC 2026-06-30
Q3 FY2026 trading update 2026-05-21
175th anniversary global employee share award 2026-09-23
FT / Markit date-specific Smiths SMIN:LSE close 2026-11-06
LSE corporate bond listing 2027/2033 exact maturities 2026-11-06
LSE Smiths ordinary listing 2026-11-06
FY2026 FCA filed iXBRL: cash-flow p111, lease accounting policy p118-119, finance note 4 p126, borrowings note18 p143-144 2026-10-08

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