LTHM

Latham (James) PLC

Industrial Goods and Services First-pass screen £207m

440/1000 Overall fit

AI beneficiary 35% 28

Operating leverage 25% 62

Valuation 25% 35

Downside protection 15% 67

First-pass take

Timber distributor with zero AI strategy. Strong net-cash position (£28.6m) and operating leverage (profit +19% on flat revenue), but lacks valuation multiples data and faces cyclical construction-sector exposure. Inventory up sharply (£48.3m) amplifies commodity-price risk.

Flags

cyclicalcommodity-exposedno-valuation-multiplesinventory-heavynet-cash-positive