Hardman & Co Research / GB00BGKPX309

Hardman & Co Research on Cavendish plc (CAV): Steadily profitable in continuingly tough markets
  Cavendish reported PBT of £1.1m for the half-year to September 2025. Revenue was up 3% on a comparable basis – against a still tricky background for UK smaller companies – and adjusted pre-tax profit was £2.0m, marginally ahead of the same period last year. The result was an indication of the strength of the diversified revenue stream – with both private and public divisions healthily profitable – and a strong control on costs, which fell over the period. Currently, the stock is trading on 6.7x EV/NOPLAT 2026E and just 3.8x 2027E.    Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/cav-steadily-profitable-in-continuingly-tough-markets/ If you are interested in meeting the company, you can register your interest by clicking on the above link.

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