19 October 2026

strategyland.uk

Bodycote PLC (BOY)

Rank #53 of 280 - Industrials - UK Equities

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Bodycote PLC

BOY.L·Industrials·Market Cap £1.5b

Rank #53 of 280

Quantitative Model · 280 Stocks Analysed

£9.11

+30.44% YTD

52W: £5.85 - £9.68

Factor Analysis Summary

Editorial assessment generated from Bodycote PLC's live factor scores and sector positioning.

Based on Strategyland's proprietary 7-factor analysis, Bodycote PLC (BOY.L) currently holds an overall rank of #53 out of 280 FTSE 100 constituents, reflecting its weighted composite score across liquidity, valuation, profitability, solvency, asset efficiency, market trading, and technical dimensions.

Key strengths include market trading, where it demonstrates strong market trading characteristics with favourable volume trends and institutional participation; technical (RSI 5.1), where it demonstrates positive technical momentum with price action supporting a constructive trend; and asset efficiency, where it demonstrates highly efficient capital deployment, converting assets into revenue and returns effectively.

Areas requiring attention include valuation (P/E 27.1, dividend yield 3.5%), where the stock appears richly priced on forward earnings and cash flow metrics, as well as profitability (ROE 8.8%, net margin 7.9%), where profitability metrics sit near the FTSE 100 median without a clear competitive edge.

Within the Industrials sector, Bodycote PLC sits at composite rank #53, trailing the Industrials peer average (rank 27). It ranks behind all 6 tracked Industrials peers in our model.

Ranking in the top quartile overall, Bodycote PLC offers a favourable balance of fundamentals, though investors should weigh its market trading advantage against valuation — its relatively weakest factor.

Strongest Factors

Market Trading — Rank 24/280 (top quartile)
Technical — Rank 43/280 (top quartile)
Asset Efficiency — Rank 54/280 (top quartile)

Weakest Factors

Valuation — Rank 213/280 (below average)
Profitability — Rank 161/280 (middle of the pack)

Score Analysis

Bodycote PLC is ranked #53 out of 280 UK stocks. Lower factor scores indicate better performance in that category.

Factor Breakdown

100/280

Average Score

Liquidity

Good95/280

Valuation

Weak213/280

Profitability

Fair161/280

Solvency

Good109/280

Asset Efficiency

Excellent54/280

Mkt Trading

Excellent24/280

Technical

Excellent43/280

1. Liquidity

Score: 95/280

How liquid is BOY and can it meet its short-term obligations?

1/6

liquidity criteria met

Metric

Sector Range

Value

Rank

✓

Quick Ratio

1.0 - 1.5

1.02xRank 64/280

Range: 1.0 - 1.5Rank 64/280

✗

Current Ratio

1.4 - 2.0

1.17xRank 147/280

Range: 1.4 - 2.0Rank 147/280

✗

TTM Operating Cash Flow

0.6 - 1.0

0.51xRank 108/280

Range: 0.6 - 1.0Rank 108/280

–

Liquidity Coverage Ratio

N/A

Range: N/A

✗

Intangible Asset Ratio

3 - 15

0.09xRank 51/280

Range: 3 - 15Rank 51/280

✗

Cash-to-Debt Ratio

0.3 - 0.8

0.13xRank 187/280

Range: 0.3 - 0.8Rank 187/280

Key Liquidity Metrics

Quick Ratio

1.02x

Sector: 1.0 - 1.5

Current Ratio

1.17x

Sector: 1.4 - 2.0

Overall Liquidity Rank

Rank within universe#95/280

Best (1)Worst (280)

2. Valuation

Score: 213/280

Is BOY undervalued compared to its peers and fair value metrics?

6/7

valuation criteria met

Metric

Sector Range

Value

Rank

✓

FY27e P/E

14x - 28x

15.8xRank 168/280

Range: 14x - 28xRank 168/280

✓

FY26e P/E

14x - 28x

17.9xRank 165/280

Range: 14x - 28xRank 165/280

✓

FY27e Net Div Yld (%)

1.5 - 4.0

2.75%Rank 146/280

Range: 1.5 - 4.0Rank 146/280

✗

Div Payout Ratio

30 - 50

70.27%Rank 25/280

Range: 30 - 50Rank 25/280

✓

Current EV/EBITDA

7.0x - 14.0x

7.4xRank 118/280

Range: 7.0x - 14.0xRank 118/280

✓

Current P/TBV

1.5x - 5.0x

3.88xRank 160/280

Range: 1.5x - 5.0xRank 160/280

✓

Current P/B

1.5x - 5.0x

1.98xRank 166/280

Range: 1.5x - 5.0xRank 166/280

Key Valuation Metrics

TTM P/E

Price-to-Earnings

27.1x

FY26e P/E

Forward estimate

17.9x

FY27e P/E

Forward estimate

15.8x

Current P/B

Price-to-Book

1.98x

Current P/TBV

Tangible Book Value

3.88x

Current EV/EBITDA

Enterprise Value

7.4x

FY26e EV/EBITDA

Forward estimate

8.4x

FY27e EV/EBITDA

Forward estimate

8.4x

Dividend

BOY pays a dividend yield of 3.46%.

Current Yield

3.46%

FY27e Net Div Yield

2.75%

FY26e Gross DPS

0.239

FY27e Gross DPS

0.251

Dividend Per Share Forecast

3. Profitability

Score: 161/280

How profitable is BOY relative to its peers?

2/7

profitability criteria met

Metric

Sector Range

Value

Rank

✓

TTM Profit Margin

5 - 10

7.9%Rank 172/280

Range: 5 - 10Rank 172/280

✗

T12 FCF Margin

5 - 20

0.3%Rank 121/280

Range: 5 - 20Rank 121/280

✓

FY27e RoE

10 - 18

13.5%Rank 130/280

Range: 10 - 18Rank 130/280

✗

FY26 EPS Growth

5 - 12

13.4%Rank 79/280

Range: 5 - 12Rank 79/280

✗

FY27e EPS Growth

8 - 15

28.2%Rank 72/280

Range: 8 - 15Rank 72/280

–

NIM

N/A

Range: N/A

–

Expense Ratio

70 - 80

N/A

Range: 70 - 80

TTM Profit Margin

7.9%

Current RoCE

8.8%

FY27e RoE

13.5%

T12 FCF Margin

0.3%

EPS Growth

4. Solvency

Score: 109/280

How strong is BOY's balance sheet and financial position?

1/6

solvency criteria met

Metric

Sector Range

Value

Rank

✗

Debt/Eqt

0.4x - 0.8x

0.31xRank 111/280

Range: 0.4x - 0.8xRank 111/280

–

Interest Coverage Ratio

4x - 10x

Rank 85Rank 85/280

Range: 4x - 10xRank 85/280

✓

Net Leverage Ratio

1.0x - 2.5x

1.00xRank 74/280

Range: 1.0x - 2.5xRank 74/280

–

Altman Z-Score (Manufacturing)

<1.10 - >2.99

5.09Rank 121/280

Range: <1.10 - >2.99Rank 121/280

–

Z-Score (Non Manufacturing)

<1.10 - >2.99

Rank 123Rank 123/280

Range: <1.10 - >2.99Rank 123/280

–

CapAdeq Ratio Tier1

N/A

Range: N/A

Key Solvency Metrics

Debt/Eqt

0.31x

Net Leverage Ratio

1.00x

Interest Coverage

Rank 85

T12 FCF Margin

0.3%

Altman Z-Score

5.09

Safe Zone

01.812.995+

5. Asset Efficiency

Score: 54/280

How efficiently does BOY deploy its assets and intellectual capital?

0/5

asset efficiency criteria met

Metric

Sector Range

Value

Rank

–

Efficiency Ratio

N/A

Range: N/A

✗

TTM Asset Turnover Ratio

0.8x - 1.5x

0.70xRank 88/280

Range: 0.8x - 1.5xRank 88/280

✗

TTM CAPEX/Sales

3 - 8

10.3%Rank 51/280

Range: 3 - 8Rank 51/280

–

Working Capital Turnover

3x - 8x

N/A

Range: 3x - 8x

–

R&D/Sales FY27e

2.0 - 5.0

N/A

Range: 2.0 - 5.0

Overall Asset Efficiency Rank

Rank within sector peers#54/280

Best (1)Worst (280)

6. Market Trading

Score: 24/280

How liquid and actively traded is BOY?

2/2

market trading criteria met

Metric

Sector Range

Value

Rank

✓

Intraday Sentiment (%)

25 - 75

49.0%Rank 133/280

Range: 25 - 75Rank 133/280

–

10D-Avg v/s 3M-Avg Vol

N/A

177%Rank 50/280

Range: N/ARank 50/280

✓

Avg Directional Index 30D

012 - 45

44.8Rank 4/280

Range: 012 - 45Rank 4/280

–

Parabolic SAR

N/A

912.00Rank 97/280

Range: N/ARank 97/280

–

Stock Rating Rank

N/A

Range: N/A

Market Cap

£1,548,742,019

Enterprise Value

£1,742,161,676

Trading Volume

7. Technical

Score: 43/280

What do the technical indicators say about BOY?

0/5

technical criteria met

Metric

Chart

Sector Range

Value

Rank

–

CMP v/s 52-WH

£9.68£5.85

-5.9%CMP: £9.11

N/A

-5.9%Rank 84/280

£9.68£5.85

-5.9%CMP: £9.11

Range: N/ARank 84/280

–

CMP v/s 52-WL

£9.68£5.85

+55.6%CMP: £9.11

N/A

55.6%Rank 229/280

£9.68£5.85

+55.6%CMP: £9.11

Range: N/ARank 229/280

–

RSI 14D

05.1 - Oversold100

N/A

5.1Rank 100/280

05.1 - Oversold100

Range: N/ARank 100/280

–

MA50 - MA200

£7.66+1.53£9.19

N/A

BullishRank 31/280

£7.66+1.53£9.19

Range: N/ARank 31/280

–

MACD Rank

Golden Cross

MACD: -5.82

N/A

-5.82

Golden Cross

MACD: -5.82

Range: N/A

RSI (14 Day)

5.1

Oversold

0 (Oversold)50100 (Overbought)

Moving Averages

50 SMA£9.19

200 SMA£7.66

SignalGolden Cross (Bullish)

MACD-5.82

Risk Metrics

Beta

N/A

3-Yr Std Dev

N/A

5-Yr Std Dev

N/A

Peer Comparison

How does BOY compare to other Industrials stocks?

Overall Rank Comparison

Factor Score Comparison

Stock	Rank	Liquidity	Valuation	Profitability	Solvency	Mkt Trading	Technical
BOY	#53	95	213	161	109	24	43
RR.L	#6	100	268	87	140	114	40
FAN.L	#12	81	132	29	91	147	142
DPLM.L	#21	8	275	70	94	20	45
RSW.L	#30	22	280	91	32	4	6
EXPN.L	#43	47	241	81	123	79	161
CKN.L	#50	130	250	85	83	14	41

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Methodology Note

The analysis presented for Bodycote PLC is produced using Strategyland's proprietary 7-factor quantitative model, which evaluates each stock across Liquidity, Valuation, Profitability, Solvency, Asset Efficiency, Market Trading, and Technical dimensions. Individual factor scores and the composite rank reflect relative rankings within the FTSE 100 universe — a lower rank number indicates stronger performance in that category.

Underlying financial and market data is sourced from LSEG (London Stock Exchange Group) and processed through our scoring engine. Scores are recalculated as new data becomes available and should be interpreted as a systematic screening output, not a forecast of future share price performance.

This content is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Past performance and factor rankings are not indicative of future results. Please read our Risk Disclaimer before making any investment decisions.

Strategyland Research Center - strategyland.ukThis report is for informational purposes only. Not financial advice.