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LON:TFW

FW Thorpe plc

OPPORTUNISTIC BUY 2026-08-01 Updated today 253.00p Industrials - Electrical Equipment & PartsAWAIT ENTRY
63

Position levels

Currenttoday
253.00p
Buy <=wait / entry
233.33p
Trim >=take some off
270.00p
Thesis breakA confirmed cut to the dividend, a disclosed loss of a major UK public-sector fr...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case31%100 / 10031.0
Base case48%62 / 10029.8
Bear case21%10 / 1002.1
Weighted conviction63 / 100 - OPPORTUNISTIC BUY

Top risks

  • Record FY2023 results with total revenue up 23%, adjusted profit up 16% and 21st consecutive annual dividend increase
  • Acquisition of SchahlLED contributing to Thorlux division growth of nearly 30%, acquired at possible 5x EBITDA
  • UK public sector exposure representing a meaningful proportion of revenues with budget tightening directly impacting demand
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.