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。

このシナリオの数値・キャッシュフローを開く →

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。

事業別の前提

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名称: John Crane
数量: 1
価格・単価: 18.762623919974
営業利益: 未確認

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名称: Flex-Tek
数量: 1
価格・単価: 15.949821254894
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: 0.024999904612
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: 25.805554
shares_purchased: 96878
old_holder_shares_sold: 96878
old_holder_shares_before: 270876790
old_holder_shares_after: 270779912
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: 1590758
ebt_shares_after: 1525758
old_holder_fraction_after: 0.99976001026
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: 1.999519908748
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 2
avg_execution_price_gbp: 25.823364
shares_purchased: 7744924
old_holder_shares_sold: 7743065.297703
old_holder_shares_before: 270779912
old_holder_shares_after: 263036846.7023
old_holder_fraction_after: 0.99976001026

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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: 1525758
ebt_shares_after: 815758
old_holder_fraction_after: 0.997069325147
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: 2.49267337074
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 2.5
avg_execution_price_gbp: 26.022327
shares_purchased: 9607135
old_holder_shares_sold: 9578979.61105
old_holder_shares_before: 263036846.7023
old_holder_shares_after: 253457867.09125
old_holder_fraction_after: 0.997069325147

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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: 0.15675
dividend_type: interim
entitled_old_holder_shares: 253457867.09125
company_eligible_shares: 254202853
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: 0.397295206666
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.398462972
ex_date: 2027-04-01
per_share_gbp: 0.15675
entitled_old_holder_shares: 253457867.09125
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: 0.08
tax_outflow_oku: 0.005
carrying_net_asset_oku: 0.06

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想定日: 2027-07-16
year: 0.689938398357
金額: 3.489742523728
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 3.5
avg_execution_price_gbp: 26.295288
shares_purchased: 13310369
old_holder_shares_sold: 13271360.636293
old_holder_shares_before: 253457867.09125
old_holder_shares_after: 240186506.45496
old_holder_fraction_after: 0.997069325147

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想定日: 2027-08-17
year: 0.777549623546
金額: 0.220152878916
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.2208
avg_execution_price_gbp: 26.367954
shares_purchased: 837380
old_holder_shares_sold: 834925.911492
old_holder_shares_before: 240186506.45496
old_holder_shares_after: 239351580.54346
old_holder_fraction_after: 0.997069325147

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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: 1.8
discharged_provision_oku: 1.53
pnl_aftertax_assumed_oku: -0.27
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: 0.350075
dividend_type: final
entitled_old_holder_shares: 239351580.54346
company_eligible_shares: 240055104
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: 0.837910045588
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.840372905
ex_date: 2027-10-21
per_share_gbp: 0.350075
entitled_old_holder_shares: 239351580.54346
payment_date: 2027-11-23
dividend_type: final

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想定日: 2027-12-17
year: 1.111567419576
金額: 3.988277416068
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 4
avg_execution_price_gbp: 26.646839
shares_purchased: 15011162
old_holder_shares_sold: 14967169.165018
old_holder_shares_before: 239351580.54346
old_holder_shares_after: 224384411.37844
old_holder_fraction_after: 0.997069325147

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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: 1653138
ebt_shares_after: 963138
old_holder_fraction_after: 0.994021587495
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: 0.16380375
dividend_type: interim
entitled_old_holder_shares: 224384411.37844
company_eligible_shares: 225733942
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: 0.367550080253
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.369760662
ex_date: 2028-04-06
per_share_gbp: 0.16380375
entitled_old_holder_shares: 224384411.37844
payment_date: 2028-05-15
dividend_type: interim

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想定日: 2028-08-17
year: 1.779603011636
金額: 0.224966854454
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.22632
avg_execution_price_gbp: 27.213488
shares_purchased: 831646
old_holder_shares_sold: 826674.077154
old_holder_shares_before: 224384411.37844
old_holder_shares_after: 223557737.30129
old_holder_fraction_after: 0.994021587495

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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: 0.6
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: 0.13970309199
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.140543323
avg_execution_price_gbp: 27.300461
shares_purchased: 514802
old_holder_shares_sold: 511724.301286
old_holder_shares_before: 223557737.30129
old_holder_shares_after: 223046013.00001
old_holder_fraction_after: 0.994021587495

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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: 0.365828375
dividend_type: final
entitled_old_holder_shares: 223046013.00001
company_eligible_shares: 224387494
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: 0.81596560486
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.820873123
ex_date: 2028-10-19
per_share_gbp: 0.365828375
entitled_old_holder_shares: 223046013.00001
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: 1794784
ebt_shares_after: 1104784
old_holder_fraction_after: 0.990974304166
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: 0.171174919
dividend_type: interim
entitled_old_holder_shares: 223046013.00001
company_eligible_shares: 225077494
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: 0.381798831528
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.385276217
ex_date: 2029-04-05
per_share_gbp: 0.171174919
entitled_old_holder_shares: 223046013.00001
payment_date: 2029-05-14
dividend_type: interim

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想定日: 2029-08-17
year: 2.778918548939
金額: 0.229884179442
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.231978
avg_execution_price_gbp: 28.083715
shares_purchased: 826023
old_holder_shares_sold: 818567.56765
old_holder_shares_before: 223046013.00001
old_holder_shares_after: 222227445.43235
old_holder_fraction_after: 0.990974304166

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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: 0.6
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: 0.174458598296
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.176047466
avg_execution_price_gbp: 28.173468
shares_purchased: 624870
old_holder_shares_sold: 619230.113444
old_holder_shares_before: 222227445.43235
old_holder_shares_after: 221608215.31891
old_holder_fraction_after: 0.990974304166

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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: 0.382290652
dividend_type: final
entitled_old_holder_shares: 221608215.31891
company_eligible_shares: 223626601
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: 0.847187490951
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.854903591
ex_date: 2029-10-18
per_share_gbp: 0.382290652
entitled_old_holder_shares: 221608215.31891
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: 1930807
ebt_shares_after: 1240807
old_holder_fraction_after: 0.987926057773
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: 0.17887779
dividend_type: interim
entitled_old_holder_shares: 221608215.31891
company_eligible_shares: 224316601
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: 0.396407878229
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.401252579
ex_date: 2030-04-04
per_share_gbp: 0.17887779
entitled_old_holder_shares: 221608215.31891
payment_date: 2030-05-14
dividend_type: interim

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想定日: 2030-08-17
year: 3.778234086242
金額: 0.234906531684
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.23777745
avg_execution_price_gbp: 28.981769
shares_purchased: 820438
old_holder_shares_sold: 810532.078987
old_holder_shares_before: 221608215.31891
old_holder_shares_after: 220797683.23992
old_holder_fraction_after: 0.987926057773

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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: 0.6
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: 0.217033630155
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.219686167
avg_execution_price_gbp: 29.074392
shares_purchased: 755600
old_holder_shares_sold: 746476.929253
old_holder_shares_before: 220797683.23992
old_holder_shares_after: 220051206.31067
old_holder_fraction_after: 0.987926057773

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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: 0.399493731
dividend_type: final
entitled_old_holder_shares: 220051206.31067
company_eligible_shares: 222740563
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: 0.879090774662
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.889834586
ex_date: 2030-10-17
per_share_gbp: 0.399493731
entitled_old_holder_shares: 220051206.31067
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: 2061245
ebt_shares_after: 1371245
old_holder_fraction_after: 0.984875136848
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: 0.186927291
dividend_type: interim
entitled_old_holder_shares: 220051206.31067
company_eligible_shares: 223430563
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: 0.411335757995
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.417652698
ex_date: 2031-04-03
per_share_gbp: 0.186927291
entitled_old_holder_shares: 220051206.31067
payment_date: 2031-05-14
dividend_type: interim

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想定日: 2031-08-17
year: 4.777549623546
金額: 0.240035741881
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.243721886
avg_execution_price_gbp: 29.90854
shares_purchased: 814891
old_holder_shares_sold: 802565.885141
old_holder_shares_before: 220051206.31067
old_holder_shares_after: 219248640.42553
old_holder_fraction_after: 0.984875136848

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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: 0.6
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: 0.262273548136
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.266301433
avg_execution_price_gbp: 30.004126
shares_purchased: 887549
old_holder_shares_sold: 874124.942834
old_holder_shares_before: 219248640.42553
old_holder_shares_after: 218374515.4827
old_holder_fraction_after: 0.984875136848

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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: 0.417470949
dividend_type: final
entitled_old_holder_shares: 218374515.4827
company_eligible_shares: 221728123
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: 0.911650162408
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.9256505
ex_date: 2031-10-16
per_share_gbp: 0.417470949
entitled_old_holder_shares: 218374515.4827
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: 2186136
ebt_shares_after: 1496136
old_holder_fraction_after: 0.981819792997
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: 0.195339019
dividend_type: interim
entitled_old_holder_shares: 218374515.4827
company_eligible_shares: 222418123
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: 0.426570635694
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.434469379
ex_date: 2032-04-01
per_share_gbp: 0.195339019
entitled_old_holder_shares: 218374515.4827
payment_date: 2032-05-14
dividend_type: interim

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想定日: 2032-08-17
year: 5.779603011636
金額: 0.245273276214
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.249814933
avg_execution_price_gbp: 30.86761
shares_purchased: 809311
old_holder_shares_sold: 794597.55849
old_holder_shares_before: 218374515.4827
old_holder_shares_after: 217579917.92421
old_holder_fraction_after: 0.981819792997

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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: 0.6
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: 0.310331525837
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.316077898
avg_execution_price_gbp: 30.966261
shares_purchased: 1020717
old_holder_shares_sold: 1002160.153649
old_holder_shares_before: 217579917.92421
old_holder_shares_after: 216577757.77056
old_holder_fraction_after: 0.981819792997

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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: 0.436257142
dividend_type: final
entitled_old_holder_shares: 216577757.77056
company_eligible_shares: 220588095
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: 0.944835935876
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.962331318
ex_date: 2032-10-21
per_share_gbp: 0.436257142
entitled_old_holder_shares: 216577757.77056
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: 2305447
ebt_shares_after: 1615447
old_holder_fraction_after: 0.97875823529
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: 0.204129275
dividend_type: interim
entitled_old_holder_shares: 216577757.77056
company_eligible_shares: 221278095
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: 0.442098605817
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.45169337
ex_date: 2033-04-07
per_share_gbp: 0.204129275
entitled_old_holder_shares: 216577757.77056
payment_date: 2033-05-16
dividend_type: interim

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想定日: 2033-08-17
year: 6.778918548939
金額: 0.250621221453
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.256060307
avg_execution_price_gbp: 31.854687
shares_purchased: 803839
old_holder_shares_sold: 786764.041097
old_holder_shares_before: 216577757.77056
old_holder_shares_after: 215790993.72946
old_holder_fraction_after: 0.97875823529

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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: 0.6
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: 0.361368550012
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.369211255
avg_execution_price_gbp: 31.956492
shares_purchased: 1155356
old_holder_shares_sold: 1130814.199692
old_holder_shares_before: 215790993.72946
old_holder_shares_after: 214660179.52977
old_holder_fraction_after: 0.97875823529

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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: 0.455888713
dividend_type: final
entitled_old_holder_shares: 214660179.52977
company_eligible_shares: 219318900
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: 0.978611530224
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.999850111
ex_date: 2033-10-20
per_share_gbp: 0.455888713
entitled_old_holder_shares: 214660179.52977
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: 2419286
ebt_shares_after: 1729286
old_holder_fraction_after: 0.975688617732
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: 0.213315092
dividend_type: interim
entitled_old_holder_shares: 214660179.52977
company_eligible_shares: 220008900
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: 0.457902559291
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.469312187
ex_date: 2034-04-06
per_share_gbp: 0.213315092
entitled_old_holder_shares: 214660179.52977
payment_date: 2034-05-15
dividend_type: interim

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想定日: 2034-08-17
year: 7.778234086242
金額: 0.256081153069
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.262461814
avg_execution_price_gbp: 32.873328
shares_purchased: 798404
old_holder_shares_sold: 778993.695152
old_holder_shares_before: 214660179.52977
old_holder_shares_after: 213881185.83461
old_holder_fraction_after: 0.975688617732

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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: 0.6
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: 0.385965858692
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.395583061
avg_execution_price_gbp: 32.978389
shares_purchased: 1199522
old_holder_shares_sold: 1170359.962119
old_holder_shares_before: 213881185.83461
old_holder_shares_after: 212710825.8725
old_holder_fraction_after: 0.975688617732

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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: 0.476403705
dividend_type: final
entitled_old_holder_shares: 212710825.8725
company_eligible_shares: 218010974
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: 1.013362256031
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 1.038612358
ex_date: 2034-10-19
per_share_gbp: 0.476403705
entitled_old_holder_shares: 212710825.8725
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: 2527690
ebt_shares_after: 1837690
old_holder_fraction_after: 0.972610327161
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: 0.222914271
dividend_type: interim
entitled_old_holder_shares: 212710825.8725
company_eligible_shares: 218700974
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: 0.474162786964
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.487515682
ex_date: 2035-04-05
per_share_gbp: 0.222914271
entitled_old_holder_shares: 212710825.8725
payment_date: 2035-05-14
dividend_type: interim

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想定日: 2035-08-17
year: 8.777549623546
金額: 0.261654862677
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.26902336
avg_execution_price_gbp: 33.924543
shares_purchased: 793005
old_holder_shares_sold: 771284.85249
old_holder_shares_before: 212710825.8725
old_holder_shares_after: 211939541.02001
old_holder_fraction_after: 0.972610327161

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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: 0.6
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: 0.443119574016
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.455598428
avg_execution_price_gbp: 34.032963
shares_purchased: 1338697
old_holder_shares_sold: 1302030.527139
old_holder_shares_before: 211939541.02001
old_holder_shares_after: 210637510.49287
old_holder_fraction_after: 0.972610327161

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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: 0.497841872
dividend_type: final
entitled_old_holder_shares: 210637510.49287
company_eligible_shares: 216569272
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: 1.048641725454
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 1.078172518
ex_date: 2035-10-18
per_share_gbp: 0.497841872
entitled_old_holder_shares: 210637510.49287
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: 2630695
ebt_shares_after: 2044384
old_holder_fraction_after: 0.969984319919
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: 0.232945413
dividend_type: interim
entitled_old_holder_shares: 210637510.49287
company_eligible_shares: 217155583
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: 0.490670419298
種類: dividend_paid
source_status: forecast
is_cash_to_old_holders: はい
company_dividend_cash_oku: 0.50585397
ex_date: 2036-04-03
per_share_gbp: 0.232945413
entitled_old_holder_shares: 210637510.49287
payment_date: 2036-05-14
dividend_type: interim

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想定日: 2036-08-17
year: 9.779603011636
金額: 0.227278323029
種類: ebt_market_purchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.234311261
avg_execution_price_gbp: 35.012393
shares_purchased: 669224
old_holder_shares_sold: 649136.786513
old_holder_shares_before: 210637510.49287
old_holder_shares_after: 209988373.70635
old_holder_fraction_after: 0.969984319919

内容を開く

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: 0.6
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: 0.295552572198
種類: issuer_repurchase
source_status: forecast
is_cash_to_old_holders: はい
company_cash_cost_oku: 0.304698437
avg_execution_price_gbp: 35.12429
shares_purchased: 867486
old_holder_shares_sold: 841447.817749
old_holder_shares_before: 209988373.70635
old_holder_shares_after: 209146925.8886
old_holder_fraction_after: 0.969984319919

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: 0.520244756
dividend_type: final
entitled_old_holder_shares: 209146925.8886
company_eligible_shares: 215618873
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: 1.12174588
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: 1.088075914271
old_holder_2036_11_06_receivable_pv_oku: 1.083464708844
future_dividend_payment_not_within_timed_cashflows: はい

その他の数値・前提

売上高

34.712445174868

営業利益

6.8923001648489

純利益

4.7482656074469

equity_oku

29.657243989

期間内の親会社利益合計（億）

34.16817615

multiple

14.139071747285

期間内株主受取

29.498923384

終価

66.20439806575

company_mcap_oku

67.136068098857

adjust_oku

5.299126656

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: 1.744286575
flex_tek_revenue_oku: 1.300381123

売上高

3.044667699

headline_op_oku

0.627201546

headline_margin

0.206

nonheadline_cost_oku

0.113013699

of_which_acquired_intang_amort_oku

0.052739726

SBC_total_expensed_oku

0.036164384

SBC_nonheadline_expensed_oku

0.02109589

IFRS_operating_profit_oku

0.514187847

net_finance_oku

-0.018082192

IFRS_profit_before_tax_continuing_oku

0.496105656

tax_expense_continuing_oku

0.121545886

nci_profit_oku

0.003013699

parent_NI_operating_oku

0.371546071

parent_NI_special_oku

parent_net_income_oku

0.371546071

D_and_A_oku

0.122054795

cash_capex_oku

0.097945205

working_capital_increment_oku

0.016575342

lease_principal_oku

0.061780822

core_company_FCF_after_tax_oku

0.354970729

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

0.036164384

NCI_dividend_paid_oku

0.001506849

ending

内容を開く

現金（億）: 21.351970729
gross_borrowings_oku: 12.04
net_cash_oku: 9.311970729
equity_parent_oku: 21.024710455
非支配持分資本（億）: 0.231506849
legacy_provision_oku: 1.53
発行済株式数: 264625746
EBT_shares: 1525758
old_holder_shares: 263036846.7023
float_excluding_ebt: 263099988
old_cohort_fraction: 0.99976001026

old_holder_cash_received_in_period_oku

2.024519813

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）: 21.351970729
gross_borrowings_oku: 12.04
equity_parent_oku: 21.024710455
非支配持分資本（億）: 0.231506849
legacy_provision_oku: 1.53
発行済株式数: 264625746
EBT_shares: 1525758
old_holder_shares: 263036846.7023

segments

john_crane_revenue_oku: 11.752
flex_tek_revenue_oku: 8.9428

売上高

20.6948

headline_op_oku

4.345908

headline_margin

0.21

nonheadline_cost_oku

0.75

of_which_acquired_intang_amort_oku

0.35

SBC_total_expensed_oku

0.24

SBC_nonheadline_expensed_oku

0.14

IFRS_operating_profit_oku

3.595908

net_finance_oku

-0.12

IFRS_profit_before_tax_continuing_oku

3.475908

tax_expense_continuing_oku

0.85159746

nci_profit_oku

0.02

parent_NI_operating_oku

2.60431054

parent_NI_special_oku

-0.255

parent_net_income_oku

2.34931054

D_and_A_oku

0.81

cash_capex_oku

0.65

working_capital_increment_oku

0.079488

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

2.52482254

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.238835877

issuer_buyback_cash_oku

EBT_market_buy_cash_oku

0.2208

unannounced_MA_cash_oku

bond_repayment_oku

5.54

extra_borrowing_oku

residual_disposal_net_cash_oku

0.075

legacy_liability_cash_oku

1.8

SBC_equity_credit_oku

0.24

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 5.152157391
gross_borrowings_oku: 6.5
net_cash_oku: -1.347842609
equity_parent_oku: 12.154385117
非支配持分資本（億）: 0.241506849
legacy_provision_oku: 0
発行済株式数: 226697080
EBT_shares: 1653138
old_holder_shares: 224384411.37844
float_excluding_ebt: 225043942
old_cohort_fraction: 0.997069325147

old_holder_cash_received_in_period_oku

11.426051442

events_in_period

equity_clean_surplus_residual_oku

-4.05E-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）: 5.152157391
gross_borrowings_oku: 6.5
equity_parent_oku: 12.154385117
非支配持分資本（億）: 0.241506849
legacy_provision_oku: 0
発行済株式数: 226697080
EBT_shares: 1653138
old_holder_shares: 224384411.37844

segments

john_crane_revenue_oku: 12.257336
flex_tek_revenue_oku: 9.3631116

売上高

21.6204476

headline_op_oku

4.580832335

headline_margin

0.211875

nonheadline_cost_oku

0.75

of_which_acquired_intang_amort_oku

0.35

SBC_total_expensed_oku

0.246

SBC_nonheadline_expensed_oku

0.1425

IFRS_operating_profit_oku

3.830832335

net_finance_oku

-0.508301167

IFRS_profit_before_tax_continuing_oku

3.322531168

tax_expense_continuing_oku

0.814020136

nci_profit_oku

0.02

parent_NI_operating_oku

2.488511032

parent_NI_special_oku

parent_net_income_oku

2.488511032

D_and_A_oku

0.822

cash_capex_oku

0.670233876

working_capital_increment_oku

0.055538856

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

2.4307383

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.190633785

issuer_buyback_cash_oku

0.140543323

EBT_market_buy_cash_oku

0.22632

unannounced_MA_cash_oku

0.6

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.246

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 5.425398583
gross_borrowings_oku: 6.5
net_cash_oku: -1.074601417
equity_parent_oku: 13.331399041
非支配持分資本（億）: 0.251506849
legacy_provision_oku: 0
発行済株式数: 226182278
EBT_shares: 1794784
old_holder_shares: 223046013.00001
float_excluding_ebt: 224387494
old_cohort_fraction: 0.994021587495

old_holder_cash_received_in_period_oku

1.548185632

events_in_period

equity_clean_surplus_residual_oku

-2.2E-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_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）: 5.425398583
gross_borrowings_oku: 6.5
equity_parent_oku: 13.331399041
非支配持分資本（億）: 0.251506849
legacy_provision_oku: 0
発行済株式数: 226182278
EBT_shares: 1794784
old_holder_shares: 223046013.00001

segments

john_crane_revenue_oku: 12.955830019
flex_tek_revenue_oku: 10.060320702

売上高

23.016150722

headline_op_oku

4.919702217

headline_margin

0.21375

nonheadline_cost_oku

0.771

of_which_acquired_intang_amort_oku

0.371

SBC_total_expensed_oku

0.25215

SBC_nonheadline_expensed_oku

0.145

IFRS_operating_profit_oku

4.148702217

net_finance_oku

-0.503382825

IFRS_profit_before_tax_continuing_oku

3.645319391

tax_expense_continuing_oku

0.893103251

nci_profit_oku

0.02

parent_NI_operating_oku

2.73221614

parent_NI_special_oku

parent_net_income_oku

2.73221614

D_and_A_oku

0.855

cash_capex_oku

0.713500672

working_capital_increment_oku

0.083742187

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

2.642123281

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.240179808

issuer_buyback_cash_oku

0.176047466

EBT_market_buy_cash_oku

0.231978

unannounced_MA_cash_oku

0.6

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.25215

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 5.819316589
gross_borrowings_oku: 6.5
net_cash_oku: -0.680683411
equity_parent_oku: 14.667559907
非支配持分資本（億）: 0.261506849
legacy_provision_oku: 0
発行済株式数: 225557408
EBT_shares: 1930807
old_holder_shares: 221608215.31891
float_excluding_ebt: 223626601
old_cohort_fraction: 0.990974304166

old_holder_cash_received_in_period_oku

1.6333291

events_in_period

equity_clean_surplus_residual_oku

-2.08E-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）: 5.819316589
gross_borrowings_oku: 6.5
equity_parent_oku: 14.667559907
非支配持分資本（億）: 0.261506849
legacy_provision_oku: 0
発行済株式数: 225557408
EBT_shares: 1930807
old_holder_shares: 221608215.31891

segments

john_crane_revenue_oku: 13.684359282
flex_tek_revenue_oku: 10.790298632

売上高

24.474657914

headline_op_oku

5.277348113

headline_margin

0.215625

nonheadline_cost_oku

0.792

of_which_acquired_intang_amort_oku

0.392

SBC_total_expensed_oku

0.25845375

SBC_nonheadline_expensed_oku

0.1475

IFRS_operating_profit_oku

4.485348113

net_finance_oku

-0.496292301

IFRS_profit_before_tax_continuing_oku

3.989055811

tax_expense_continuing_oku

0.977318674

nci_profit_oku

0.02

parent_NI_operating_oku

2.991737138

parent_NI_special_oku

parent_net_income_oku

2.991737138

D_and_A_oku

0.888

cash_capex_oku

0.758714395

working_capital_increment_oku

0.087510432

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

2.891966061

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.291087165

issuer_buyback_cash_oku

0.219686167

EBT_market_buy_cash_oku

0.23777745

unannounced_MA_cash_oku

0.6

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.25845375

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 6.362731868
gross_borrowings_oku: 6.5
net_cash_oku: -0.137268132
equity_parent_oku: 16.169200013
非支配持分資本（億）: 0.271506849
legacy_provision_oku: 0
発行済株式数: 224801808
EBT_shares: 2061245
old_holder_shares: 220051206.31067
float_excluding_ebt: 222740563
old_cohort_fraction: 0.987926057773

old_holder_cash_received_in_period_oku

1.727438815

events_in_period

equity_clean_surplus_residual_oku

2.72E-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）: 6.362731868
gross_borrowings_oku: 6.5
equity_parent_oku: 16.169200013
非支配持分資本（億）: 0.271506849
legacy_provision_oku: 0
発行済株式数: 224801808
EBT_shares: 2061245
old_holder_shares: 220051206.31067

segments

john_crane_revenue_oku: 14.444215302
flex_tek_revenue_oku: 11.554585525

売上高

25.998800828

headline_op_oku

5.65473918

headline_margin

0.2175

nonheadline_cost_oku

0.813

of_which_acquired_intang_amort_oku

0.413

SBC_total_expensed_oku

0.264915094

SBC_nonheadline_expensed_oku

0.15

IFRS_operating_profit_oku

4.84173918

net_finance_oku

-0.486510826

IFRS_profit_before_tax_continuing_oku

4.355228354

tax_expense_continuing_oku

1.067030947

nci_profit_oku

0.02

parent_NI_operating_oku

3.268197407

parent_NI_special_oku

parent_net_income_oku

3.268197407

D_and_A_oku

0.921

cash_capex_oku

0.805962826

working_capital_increment_oku

0.091448575

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

3.1567011

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.343303198

issuer_buyback_cash_oku

0.266301433

EBT_market_buy_cash_oku

0.243721886

unannounced_MA_cash_oku

0.6

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.264915094

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 7.066106452
gross_borrowings_oku: 6.5
net_cash_oku: 0.566106452
equity_parent_oku: 17.848985997
非支配持分資本（億）: 0.281506849
legacy_provision_oku: 0
発行済株式数: 223914259
EBT_shares: 2186136
old_holder_shares: 218374515.4827
float_excluding_ebt: 221728123
old_cohort_fraction: 0.984875136848

old_holder_cash_received_in_period_oku

1.82529521

events_in_period

equity_clean_surplus_residual_oku

5.64E-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）: 7.066106452
gross_borrowings_oku: 6.5
equity_parent_oku: 17.848985997
非支配持分資本（億）: 0.281506849
legacy_provision_oku: 0
発行済株式数: 223914259
EBT_shares: 2186136
old_holder_shares: 218374515.4827

segments

john_crane_revenue_oku: 15.236745132
flex_tek_revenue_oku: 12.354793902

売上高

27.591539034

headline_op_oku

6.052893876

headline_margin

0.219375

nonheadline_cost_oku

0.834

of_which_acquired_intang_amort_oku

0.434

SBC_total_expensed_oku

0.271537971

SBC_nonheadline_expensed_oku

0.1525

IFRS_operating_profit_oku

5.218893876

net_finance_oku

-0.473850084

IFRS_profit_before_tax_continuing_oku

4.745043792

tax_expense_continuing_oku

1.162535729

nci_profit_oku

0.02

parent_NI_operating_oku

3.562508063

parent_NI_special_oku

parent_net_income_oku

3.562508063

D_and_A_oku

0.954

cash_capex_oku

0.85533771

working_capital_increment_oku

0.095564292

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

3.437144031

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.396800697

issuer_buyback_cash_oku

0.316077898

EBT_market_buy_cash_oku

0.249814933

unannounced_MA_cash_oku

0.6

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.271537971

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 7.940556954
gross_borrowings_oku: 6.5
net_cash_oku: 1.440556954
equity_parent_oku: 19.720338502
非支配持分資本（億）: 0.291506849
legacy_provision_oku: 0
発行済株式数: 222893542
EBT_shares: 2305447
old_holder_shares: 216577757.77056
float_excluding_ebt: 220588095
old_cohort_fraction: 0.981819792997

old_holder_cash_received_in_period_oku

1.927011374

events_in_period

equity_clean_surplus_residual_oku

-3.9E-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）: 7.940556954
gross_borrowings_oku: 6.5
equity_parent_oku: 19.720338502
非支配持分資本（億）: 0.291506849
legacy_provision_oku: 0
発行済株式数: 222893542
EBT_shares: 2305447
old_holder_shares: 216577757.77056

segments

john_crane_revenue_oku: 16.063353744
flex_tek_revenue_oku: 13.192612073

売上高

29.255965816

headline_op_oku

6.472882437

headline_margin

0.22125

nonheadline_cost_oku

0.855

of_which_acquired_intang_amort_oku

0.455

SBC_total_expensed_oku

0.27832642

SBC_nonheadline_expensed_oku

0.155

IFRS_operating_profit_oku

5.617882437

net_finance_oku

-0.458109975

IFRS_profit_before_tax_continuing_oku

5.159772462

tax_expense_continuing_oku

1.264144253

nci_profit_oku

0.02

parent_NI_operating_oku

3.875628209

parent_NI_special_oku

parent_net_income_oku

3.875628209

D_and_A_oku

0.987

cash_capex_oku

0.90693494

working_capital_increment_oku

0.099865607

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

3.734154082

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.451543481

issuer_buyback_cash_oku

0.369211255

EBT_market_buy_cash_oku

0.256060307

unannounced_MA_cash_oku

0.6

bond_repayment_oku

5.37

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.27832642

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 3.627895994
gross_borrowings_oku: 1.13
net_cash_oku: 2.497895994
equity_parent_oku: 21.797478088
非支配持分資本（億）: 0.301506849
legacy_provision_oku: 0
発行済株式数: 221738186
EBT_shares: 2419286
old_holder_shares: 214660179.52977
float_excluding_ebt: 219318900
old_cohort_fraction: 0.97875823529

old_holder_cash_received_in_period_oku

2.032699908

events_in_period

equity_clean_surplus_residual_oku

-1.33E-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_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）: 3.627895994
gross_borrowings_oku: 1.13
equity_parent_oku: 21.797478088
非支配持分資本（億）: 0.301506849
legacy_provision_oku: 0
発行済株式数: 221738186
EBT_shares: 2419286
old_holder_shares: 214660179.52977

segments

john_crane_revenue_oku: 16.925506526
flex_tek_revenue_oku: 14.069807697

売上高

30.995314223

headline_op_oku

6.915829486

headline_margin

0.223125

nonheadline_cost_oku

0.876

of_which_acquired_intang_amort_oku

0.476

SBC_total_expensed_oku

0.285284581

SBC_nonheadline_expensed_oku

0.1575

IFRS_operating_profit_oku

6.039829486

net_finance_oku

-0.621657872

IFRS_profit_before_tax_continuing_oku

5.418171614

tax_expense_continuing_oku

1.327452045

nci_profit_oku

0.02

parent_NI_operating_oku

4.070719569

parent_NI_special_oku

parent_net_income_oku

4.070719569

D_and_A_oku

1.02

cash_capex_oku

0.960854741

working_capital_increment_oku

0.104360904

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

3.910788504

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.507924545

issuer_buyback_cash_oku

0.395583061

EBT_market_buy_cash_oku

0.262461814

unannounced_MA_cash_oku

0.6

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.285284581

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 4.772715077
gross_borrowings_oku: 1.13
net_cash_oku: 3.642715077
equity_parent_oku: 23.987512816
非支配持分資本（億）: 0.311506849
legacy_provision_oku: 0
発行済株式数: 220538664
EBT_shares: 2527690
old_holder_shares: 212710825.8725
float_excluding_ebt: 218010974
old_cohort_fraction: 0.975688617732

old_holder_cash_received_in_period_oku

2.113311827

events_in_period

equity_clean_surplus_residual_oku

-3.76E-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_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）: 4.772715077
gross_borrowings_oku: 1.13
equity_parent_oku: 23.987512816
非支配持分資本（億）: 0.311506849
legacy_provision_oku: 0
発行済株式数: 220538664
EBT_shares: 2527690
old_holder_shares: 212710825.8725

segments

john_crane_revenue_oku: 17.824731878
flex_tek_revenue_oku: 14.988231516

売上高

32.812963394

headline_op_oku

7.382916764

headline_margin

0.225

nonheadline_cost_oku

0.897

of_which_acquired_intang_amort_oku

0.497

SBC_total_expensed_oku

0.292416695

SBC_nonheadline_expensed_oku

0.16

IFRS_operating_profit_oku

6.485916764

net_finance_oku

-0.601051129

IFRS_profit_before_tax_continuing_oku

5.884865635

tax_expense_continuing_oku

1.441792081

nci_profit_oku

0.02

parent_NI_operating_oku

4.423073555

parent_NI_special_oku

parent_net_income_oku

4.423073555

D_and_A_oku

1.053

cash_capex_oku

1.017201865

working_capital_increment_oku

0.10905895

lease_principal_oku

0.41

core_company_FCF_after_tax_oku

4.242229434

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

1.5656882

issuer_buyback_cash_oku

0.455598428

EBT_market_buy_cash_oku

0.26902336

unannounced_MA_cash_oku

0.6

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.292416695

NCI_dividend_paid_oku

0.01

ending

内容を開く

現金（億）: 6.124634523
gross_borrowings_oku: 1.13
net_cash_oku: 4.994634523
equity_parent_oku: 26.412693078
非支配持分資本（億）: 0.321506849
legacy_provision_oku: 0
発行済株式数: 219199967
EBT_shares: 2630695
old_holder_shares: 210637510.49287
float_excluding_ebt: 216569272
old_cohort_fraction: 0.972610327161

old_holder_cash_received_in_period_oku

2.227578949

events_in_period

equity_clean_surplus_residual_oku

1.7E-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

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）: 6.124634523
gross_borrowings_oku: 1.13
equity_parent_oku: 26.412693078
非支配持分資本（億）: 0.321506849
legacy_provision_oku: 0
発行済株式数: 219199967
EBT_shares: 2630695
old_holder_shares: 210637510.49287

segments

john_crane_revenue_oku: 15.943103932
flex_tek_revenue_oku: 13.552990192

売上高

29.496094124

headline_op_oku

6.636621178

headline_margin

0.225

nonheadline_cost_oku

0.78004918

of_which_acquired_intang_amort_oku

0.44015847

SBC_total_expensed_oku

0.254686153

SBC_nonheadline_expensed_oku

0.138080601

IFRS_operating_profit_oku

5.856571998

net_finance_oku

-0.490051519

IFRS_profit_before_tax_continuing_oku

5.366520479

tax_expense_continuing_oku

1.314797517

nci_profit_oku

0.016994536

parent_NI_operating_oku

4.034728426

parent_NI_special_oku

parent_net_income_oku

4.034728426

D_and_A_oku

0.922803279

cash_capex_oku

0.914378918

working_capital_increment_oku

0.096842432

lease_principal_oku

0.348387978

core_company_FCF_after_tax_oku

3.861105798

cash_paid_prior_ex_dividend_oku

company_dividends_paid_oku

0.50585397

issuer_buyback_cash_oku

0.304698437

EBT_market_buy_cash_oku

0.234311261

unannounced_MA_cash_oku

0.6

bond_repayment_oku

extra_borrowing_oku

residual_disposal_net_cash_oku

legacy_liability_cash_oku

SBC_equity_credit_oku

0.254686153

NCI_dividend_paid_oku

0.008497268

ending

内容を開く

現金（億）: 8.340876653
gross_borrowings_oku: 1.13
net_cash_oku: 7.210876653
equity_parent_oku: 29.657243989
非支配持分資本（億）: 0.330004117
legacy_provision_oku: 0
発行済株式数: 218332481
EBT_shares: 2713608
old_holder_shares: 209146925.8886
float_excluding_ebt: 215618873
old_cohort_fraction: 0.969984319919

old_holder_cash_received_in_period_oku

1.013501315

events_in_period

equity_clean_surplus_residual_oku

-2.36E-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: 1.12174588
old_holder_nominal_claim_oku: 1.088075914271
old_holder_terminal_claim_pv_oku: 1.083464708844
net_effect_on_terminal_holder_valuation_vs_v1_oku: 1.083464708844
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: 0.02
equity_cost_k: 0.09
2037_forecast_runrate_revenue_oku: 35.835265507
2037_forecast_headline_margin: 0.225
2037_forecast_IFRS_operating_profit_oku: 7.123934739
2037_operating_tax_oku: 1.745364011
2037_NCI_profit_not_owned_oku: 0.02
2037_D_and_A_oku: 1.119
2037_total_SBC_expense_noncash_addback_oku: 0.307220291
2037_cash_capex_oku: 1.110893231
2037_operating_working_capital_increment_oku: 0.06736922
2037_lease_principal_cash_oku: 0.35
2037_EBT_share_replacement_cash_oku: 0.282642667
2037_assumed_growth_MA_cash_oku: 0.6
2037_sustainable_unlevered_owner_FCF_oku: 4.328585901
terminal_operating_enterprise_value_oku: 61.836941442857
terminal_company_cash_oku: 8.340876653
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: 0.330004117
terminal_remaining_legacy_provision_oku: 0
pre_terminal_ex_div_future_payment_company_adjustment_oku: 1.12174588
uncompleted_Flex_Tek_disposal_net_assets_oku: 0
total_company_equity_value_oku: 67.136068098857
old_holder_shares_at_terminal: 209146925.8886
issued_shares_at_terminal: 218332481
EBT_shares_at_terminal: 2713608
old_cohort_fraction: 0.969984319919
old_cohort_terminal_mcap_oku: 66.20439806575
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: 68.253060081711
company_unpaid_final_dividend_liability_oku: 1.12174588
company_total_nominal_outstanding_dividend_rights_oku: 1.121745879729
company_outstanding_dividend_rights_terminal_pv_oku: 1.116991982854
old_cohort_terminal_stock_ex_div_only_oku: 65.120933356906
old_cohort_unpaid_dividend_entitlement_shares_at_ex: 209146925.8886
old_cohort_unpaid_dividend_assumed_per_share_gbp: 0.520244756
old_cohort_unpaid_dividend_nominal_oku: 1.088075914271
old_cohort_unpaid_dividend_receivable_pv_at_terminal_oku: 1.083464708844
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: 29.496094124
2036_partial_IFRS_operating_profit_oku: 5.856571998
2036_partial_parent_net_income_oku: 4.034728426
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: 209146925.8886
terminal_public_excluding_trust_shares: 215618873
terminal_old_fraction: 0.969984319919
old_holder_positive_cashflows_sum_oku: 29.498923384
terminal_old_cohort_mcap_oku: 66.20439806575
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: 65.120933356906
terminal_old_cohort_unpaid_dividend_nominal_oku: 1.088075914271
terminal_old_cohort_unpaid_dividend_pv_oku: 1.083464708844
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: 22.553859536152
pv_terminal_at_k_oku: 27.962154293674
pv_total_oku: 50.516013829826
pv_per_opening_share_gbp: 18.6490743
safety_margin_to_price_pct: -0.275201154276
holder_cashflow_irr: 0.041814427696
irr_npv_residual_oku: -0
pv_terminal_stock_ex_div_only_at_k_oku: 27.504541079966
pv_terminal_receivable_at_k_oku: 0.457613213708
new_right_pv_difference_vs_v1_oku: 0.457613213707
v3_lease_tax_shield_increment_in_FCF_oku: 0.0147
v3_lease_only_increment_old_holder_terminal_oku: 0.203696712906
v3_lease_only_increment_old_holder_present_value_oku: 0.086033542965
v2_dividend_receivable_component_unchanged_v3: はい

net_sum

34.16817615

payout

29.498923384

mcap

66.20439806575

net

4.034728426

5.856571998

equity

29.657243989

company_mcap_ex_div_stock_only_oku

67.136068098857

terminal_old_holder_stock_ex_div_only_oku

65.120933356906

terminal_old_holder_receivable_oku

1.083464708844

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

65.120933356906

terminal_holder_receivable_pv_oku

1.083464708844

partial_2036_revenue_oku

29.496094124

partial_2036_op_oku

5.856571998

partial_2036_net_oku

4.034728426

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。

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

内容を開く

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

内容を開く

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

内容を開く

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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