Strong Financial Framework

Smiths Value Engine is supported by a simple and effective framework:

  • Strong profit margin and cash conversion provides funds to support our strategy
  • High returns from reinvestment in organic growth
  • Enhanced by complementary, disciplined M&A
  • Surplus capital returned through dividends and buybacks

Financial framework

The financial output of the Smiths Value Engine is powerful – recurring revenue growth fuelled by high margins and returns, converting through our low asset intensity model into exceptional cash generation enabling powerful and attractive returns.

Our Medium-Term Financial Targets

Our Medium-Term Financial Targets