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How to buy Bodycote (BOY) shares

Learn how to easily invest in Bodycote shares.

Bodycote PLC
LSE: BOY - GBX
p613.00
+ p3.00 ( + 0.49%)
SPECIALTY INDUSTRIAL MACHINERY

Bodycote PLC (BOY) is a leading specialty industrial machinery business based in the UK. It opened the day at 611.5p after a previous close of 610p. During the day the price has varied from a low of 607p to a high of 614.5p. The latest price was 613p (25 minute delay). Bodycote is listed on the London Stock Exchange (LSE) and employs 4,757 staff. All prices are listed in pence sterling.

How to buy shares in Bodycote

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – BOY – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

How has Coronavirus impacted Bodycote's stock price?

Since the stock market crash in March caused by coronavirus, Bodycote's stock price has had significant negative movement.

Its last market close was 610p, which is 28.24% down on its pre-crash value of 850p and 61.21% up on the lowest point reached during the March crash when the stocks fell as low as 378.4p.

If you had bought £1,000 worth of Bodycote stocks at the start of February 2020, those stocks would have been worth £526.31 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth £712.18.

Bodycote shares at a glance

Information last updated 2022-08-12.
Open611.50p
High614.50p
Low607.00p
Close613.00p
Previous close610.00p
Change 3.00p
Change % 0.4918%
Volume 55,509
Information last updated 2022-08-05.
52-week range499.40p - 977.73p
50-day moving average 578.14p
200-day moving average 709.73p
Wall St. target price723.00p
PE ratio 19
Dividend yield 0.202p (3.42%)
Earnings per share (TTM) 0.32p

Bodycote stock price (London Stock Exchange (LSE):BOY)

Use our graph to track the performance of BOY stocks over time.

Bodycote price performance over time

Historical closes compared with the close of 613p from 2022-08-11

1 week (2022-08-05) 0.82%
1 month (2022-07-12) 16.54%
3 months (2022-05-12) -0.81%
6 months (2022-02-10) -23.23%
1 year (2021-08-12) -35.34%
2 years (2020-08-12) 0.16%
3 years (2019-08-12) -9.85%
5 years (2017-08-11) -32.19%

Is Bodycote under- or over-valued?

Valuing Bodycote stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Bodycote's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Bodycote's P/E ratio

Bodycote's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, Bodycote shares trade at around 19x recent earnings.

That's comparable to, say, the trailing 12-month P/E ratio for the FTSE 250 at the end of September 2019 (19.71).

Bodycote's EBITDA

Bodycote's EBITDA (earnings before interest, taxes, depreciation and amortisation) is £153.9 million.

The EBITDA is a measure of a Bodycote's overall financial performance and is widely used to measure a its profitability.

Bodycote financials

Revenue TTM £661.4 million
Operating margin TTM 13.08%
Gross profit TTM £83.3 million
Return on assets TTM 4.88%
Return on equity TTM 8.7%
Profit margin 9.15%
Book value 3.87p
Market capitalisation £1.2 billion

TTM: trailing 12 months

Bodycote share dividends

Dividend payout ratio: 133.33% of net profits

Recently Bodycote has paid out, on average, around 133.33% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.42% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Bodycote shareholders could enjoy a 3.42% return on their shares, in the form of dividend payments. In Bodycote's case, that would currently equate to about 0.202p per share.

Bodycote's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 6 October 2022 (the "ex-dividend date").

Have Bodycote's shares ever split?

Bodycote's shares were split on a 11:19 basis on 9 December 2008. So if you had owned 19 shares the day before before the split, the next day you'd have owned 11 shares. This wouldn't directly have changed the overall worth of your Bodycote shares – just the quantity. However, indirectly, the new 72.7% higher share price could have impacted the market appetite for Bodycote shares which in turn could have impacted Bodycote's share price.

Bodycote share price volatility

Over the last 12 months, Bodycote's shares have ranged in value from as little as 499.4p up to 977.7341p. A popular way to gauge a stock's volatility is its "beta".

BOY.LSE volatility(beta: 1.07)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (LSE average) beta is 1, while Bodycote's is 1.0705. This would suggest that Bodycote's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Bodycote overview

Bodycote plc provides heat treatment and thermal processing services worldwide. The company operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. It offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy. The company also provides surface technologies, which are used to prolong the working life of components and protect from environmental factors, such as corrosion and abrasion. Its surface technologies include anodizing, ceramic, flame and combustion spraying, high velocity oxygen fuel, plasma spray, electric arc spraying, aluminide coatings, liquid coatings, and thermo-chemically formed ceramic coatings to enhance corrosion protection and wear resistance. The company serves automotive, aerospace and defense, energy, and general industrial markets. Bodycote plc was founded in 1923 and is headquartered in Macclesfield, the United Kingdom.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involve substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances and obtain your own advice before making any trades.

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