New Risk • Jul 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (UK£37.7m market cap, or US$50.7m). Reported Earnings • Jul 16
Full year 2026 earnings released: EPS: UK£0.31 (vs UK£0.55 loss in FY 2025) Full year 2026 results: EPS: UK£0.31 (up from UK£0.55 loss in FY 2025). Revenue: UK£104.6m (up 5.3% from FY 2025). Net income: UK£2.90m (up UK£8.17m from FY 2025). Profit margin: 2.8% (up from net loss in FY 2025). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year and the company’s share price has also fallen by 22% per year. Aankondiging • Jul 15
James Cropper PLC, Annual General Meeting, Sep 09, 2026 James Cropper PLC, Annual General Meeting, Sep 09, 2026. Aankondiging • Jul 07
James Cropper PLC to Report Fiscal Year 2026 Results on Jul 15, 2026 James Cropper PLC announced that they will report fiscal year 2026 results at 8:00 AM, GMT Standard Time on Jul 15, 2026 New Risk • Feb 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 64% per year over the past 5 years. Minor Risks High level of debt (42% net debt to equity). Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (UK£32.5m market cap, or US$43.7m). New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 64% per year over the past 5 years. Minor Risks High level of debt (42% net debt to equity). Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (UK£38.0m market cap, or US$51.3m). New Risk • Nov 18
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 64% per year over the past 5 years. Minor Risks High level of debt (42% net debt to equity). Market cap is less than US$100m (UK£33.0m market cap, or US$43.3m). Aankondiging • Nov 18
James Cropper plc Provides Earnings Guidance for the Fiscal Year 2026 James Cropper PLC provided earnings guidance for the fiscal year 2026. For the year, the company expects Full-year Group revenues are anticipated at similar levels to FY25. New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 68% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 68% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£31.5m market cap, or US$41.6m). Aankondiging • Nov 05
James Cropper PLC to Report First Half, 2026 Results on Nov 17, 2025 James Cropper PLC announced that they will report first half, 2026 results on Nov 17, 2025 Reported Earnings • Jul 18
Full year 2025 earnings released: UK£0.55 loss per share (vs UK£0.42 loss in FY 2024) Full year 2025 results: UK£0.55 loss per share (further deteriorated from UK£0.42 loss in FY 2024). Revenue: UK£99.7m (down 5.0% from FY 2024). Net loss: UK£5.27m (loss widened 32% from FY 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 17
James Cropper PLC, Annual General Meeting, Sep 03, 2025 James Cropper PLC, Annual General Meeting, Sep 03, 2025. Aankondiging • Jul 15
James Cropper PLC to Report Fiscal Year 2025 Results on Jul 17, 2025 James Cropper PLC announced that they will report fiscal year 2025 results on Jul 17, 2025 New Risk • Jun 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 59% per year over the past 5 years. Minor Risks High level of debt (51% net debt to equity). Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (UK£27.2m market cap, or US$36.8m). Aankondiging • May 07
James Cropper PLC Provides Earnings Guidance for the Year Ended March 29, 2025 and for the Year Ending 28 March 2026 James Cropper PLC provided earnings guidance for the year ended March 29, 2025 and for the year ending 28 March 2026. Group revenue marginally lower than fiscal year 2024, with slightly higher Advanced Materials revenue offset by a less favourable product mix in Paper & Packaging compared to fiscal year 2024.
The Board's expectations for the current financial year to 28 March 2026 (fiscal year 2026) are as follows: Advanced Materials: single-digit revenue growth, with planned investments in operations during the period focused on revenue growth beyond fiscal year 2026. Paper & Packaging: revenue at a similar level to fiscal year 2025, with an internal improvement programme targeting significant cost savings, after some exceptional costs of delivery, aligned to operational improvement. New Risk • May 07
New major risk - Revenue and earnings growth Earnings have declined by 59% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 59% per year over the past 5 years. Minor Risks High level of debt (51% net debt to equity). Market cap is less than US$100m (UK£12.9m market cap, or US$17.2m). Recent Insider Transactions • Feb 16
Chairman of the Board recently bought UK£231k worth of stock On the 13th of February, Mark A. Cropper bought around 117k shares on-market at roughly UK£1.98 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mark A. has been a buyer over the last 12 months, purchasing a net total of UK£229k worth in shares. Aankondiging • Jan 07
James Cropper plc Announces Patrick Willink to Step Down from the Board on 29 March 2025 James Cropper plc announced that Patrick Willink has informed the Board of his intention to retire from James Cropper in April 2026. Patrick first joined James Cropper in 1990 and was appointed to the Board in 1998. He was instrumental in the development of the James Cropper Cupcycling® facility and Colourform® product offering and currently serves as Chief Innovation Officer. As part of an orderly retirement process, Patrick will step down from the Board on 29 March 2025 but remain employed by the Company for a further 12 months as Strategic Adviser and member of the Executive Committee supporting the development of strategy and ensuring a smooth transition of leadership, particularly within the Centre for Innovation. Reported Earnings • Nov 26
First half 2025 earnings released: UK£0.051 loss per share (vs UK£0.19 profit in 1H 2024) First half 2025 results: UK£0.051 loss per share (down from UK£0.19 profit in 1H 2024). Revenue: UK£50.0m (down 14% from 1H 2024). Net loss: UK£488.0k (down 126% from profit in 1H 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. New Risk • Nov 21
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (UK£21.5m market cap, or US$27.2m). Aankondiging • Oct 30
James Cropper PLC Announces CEO Changes James Cropper plc announced that Steve Adams has notified the Board of his intention to retire from the Company, stepping down as Chief Executive Officer and from the Board, in early 2025. Following a rigorous search process led by the Nomination Committee the Board announced that David Stirling has been appointed to succeed Steve Adams as Chief Executive Officer. David will join the business as Chief Executive Officer Designate in January 2025 and will be appointed to the Board as Chief Executive Officer following a short handover period. David was most recently Chief Executive Officer at Zotefoams plc a position he held for 24 years. Under his leadership, Zotefoams developed a range of technical materials to serve a diverse global customer base and grew from a single UK site to multiple manufacturing operations across the UK, Europe, North America and Asia. David began his career as a chartered accountant with KPMG in the UK and PricewaterhouseCoopers in the USA and Europe before transitioning into industry. He brings a wealth of leadership, strategic, commercial, operational and technical experience, and is well positioned to lead the Group into its next phase of growth and development. Reported Earnings • Jul 24
Full year 2024 earnings released: UK£0.42 loss per share (vs UK£0.054 profit in FY 2023) Full year 2024 results: UK£0.42 loss per share (down from UK£0.054 profit in FY 2023). Revenue: UK£104.9m (down 20% from FY 2023). Net loss: UK£4.00m (down UK£4.51m from profit in FY 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 24
James Cropper PLC, Annual General Meeting, Sep 04, 2024 James Cropper PLC, Annual General Meeting, Sep 04, 2024. Aankondiging • Jul 23
James Cropper plc Declares Interim Dividend James Cropper PLC declared dividend for the period of 3.0p per share. (2023: 6.0p per share). Aankondiging • Jul 22
James Cropper plc Announces Board and Committee Changes James Cropper PLC announces that Jon Yeung will be appointed as an independent Non-Executive Director and join the Board following conclusion of the Company's AGM expected to take place in September 2024. Jon is a chartered accountant and brings significant experience in creating shareholder value through long-term business transformation and growth. During 11 years at LGC Science Group - a global life sciences group serving a variety of end markets globally - Jon held various leadership roles, including Group Finance Director and COO/Managing Director of the £400m Standards division, during which the business saw significant growth. Prior to this Jon spent 16 years at PricewaterhouseCoopers LLP working extensively with listed businesses across audit and transaction projects including financing and M&A. Jon is currently a Non-Executive Director and Audit Committee Chair at private equity owned Fera Science. He also serves as an advisory Board member for Charterpath, a not-for-profit organisation which seeks to connect individuals with finance skills with charities. Upon joining the Board, Jon will be appointed as Audit Committee Chair and will serve as a member of the Remuneration and Nomination Committees. The Board also announced that Jim Sharp will stand down as a Non-Executive Director and from the Board upon conclusion of the Company's forthcoming AGM after 15 years' service. Aankondiging • Jul 10
James Cropper PLC to Report Fiscal Year 2024 Final Results on Jul 23, 2024 James Cropper PLC announced that they will report fiscal year 2024 final results at 8:00 AM, GMT Standard Time on Jul 23, 2024 New Risk • May 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 22% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (UK£32.0m market cap, or US$40.8m). New Risk • May 26
New major risk - Revenue and earnings growth Earnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 22% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (UK£32.0m market cap, or US$40.8m). Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£3.35, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Forestry industry in Europe. Total loss to shareholders of 70% over the past three years. Aankondiging • May 23
James Cropper plc Announces the Appointment of Andy Walton as Managing Director, Advanced Materials, with Effect from 29 July 2024 James Cropper plc confirmed the appointment of Andy Walton as Managing Director, James Cropper Advanced Materials, a non-Board position, with effect from 29 July 2024. Andy will become a member of the Executive Committee and report directly to the Chief Executive Officer. Andy has over 30 years of experience in the chemicals, sustainable solutions, and advanced materials sectors. He has led multiple global businesses to deliver high performance solutions to OEMs and Tier 1 suppliers within Aerospace, Automotive, Energy and Industrial end markets. Andy has a track record of driving significant growth through the positioning of disruptive technologies, P&L management, organisational development, and growth in new business. Andy joins from Victrex plc, a leader in high performance polymer solutions, where he was most recently Strategic Business Unit Director, Transport. In this role, he successfully led the integration of two separate business units of Aerospace and Automotive into one Transport business achieving significant growth in both revenue and profitability whilst delivering sustainable innovative solutions to the world's leading automotive and aerospace companies. Prior to this, Andy worked in senior roles for Huntsman plc and Innovia Films Ltd. in the UK, Belgium and Switzerland. Andy's key priorities will be to execute on the Advanced Materials strategic growth plan, including identifying short term growth opportunities and supporting an implementation plan for capturing mid to long-term growth in Hydrogen, Aerospace and Automotive markets. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to UK£3.45, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Forestry industry in Europe. Total loss to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£2.65, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Forestry industry in Europe. Total loss to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to UK£3.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Forestry industry in Europe. Total loss to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to UK£5.15, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Forestry industry in Europe. Total loss to shareholders of 62% over the past three years. Aankondiging • Jan 17
James Cropper PLC Provides Revenue Guidance for the Fiscal Year 2024 James Cropper PLC provided revenue guidance for the fiscal year 2024. The Group now expects full year FY2024 revenues to be not lower than £103 million. Aankondiging • Jan 12
James Cropper PLC Announces Directorate Update, Effective 31 January 2024 Further to James Cropper PLC's announcement on 24 November 2023, James Gravestock, Managing Director for Technical Fibres and Future Energy, will step down from the Board and leave the Company on 31 January 2024 following completion of a handover of responsibilities on an interim basis to Steve Adams, Chief Executive Officer, and other members of the Company's executive leadership. As previously announced, a process to appoint a permanent successor to James Gravestock is underway. Upcoming Dividend • Nov 30
Upcoming dividend of UK£0.03 per share at 1.1% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 08 January 2024. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (5.2%). Aankondiging • Nov 25
James Cropper PLC Announces Directorate Change James Cropper plc announced that James Gravestock, Managing Director for Technical Fibres and Future Energy, informed the Board on 23 November 2023 of his intention to stand down as a Director to pursue another opportunity outside the Company. James will remain with the Group for a period to enable a smooth transition and a process has been commenced to identify a successor. Reported Earnings • Nov 13
First half 2024 earnings released: EPS: UK£0.19 (vs UK£0.092 loss in 1H 2023) First half 2024 results: EPS: UK£0.19 (up from UK£0.092 loss in 1H 2023). Revenue: UK£58.0m (down 7.0% from 1H 2023). Net income: UK£1.86m (up UK£2.74m from 1H 2023). Profit margin: 3.2% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Aankondiging • Nov 12
James Cropper PLC Proposes Interim Dividend on Ordinary Share, Payable on 8 January 2024 James Cropper PLC proposed interim dividend of 3.0p (H1 FY23: 2.0p) per 25p ordinary share, payable on 8 January 2024 to those shareholders on the register of the Company at the close of business on 8 December 2023, with an ex-dividend date of 7 December 2023. Aankondiging • Oct 27
James Cropper PLC to Report First Half, 2024 Results on Nov 09, 2023 James Cropper PLC announced that they will report first half, 2024 results on Nov 09, 2023 Upcoming Dividend • Aug 31
Upcoming dividend of UK£0.04 per share at 0.8% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 20 October 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (5.5%). New Risk • Aug 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£73.1m (US$92.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Market cap is less than US$100m (UK£73.1m market cap, or US$92.8m). Aankondiging • Aug 10
James Cropper PLC to Report Fiscal Year 2023 Results on Aug 24, 2023 James Cropper PLC announced that they will report fiscal year 2023 results on Aug 24, 2023 Recent Insider Transactions • Apr 25
Chairman of the Board recently bought UK£353k worth of stock On the 21st of April, Mark A. Cropper bought around 58k shares on-market at roughly UK£6.08 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mark A. has been a buyer over the last 12 months, purchasing a net total of UK£402k worth in shares. Upcoming Dividend • Dec 01
Upcoming dividend of UK£0.02 per share Eligible shareholders must have bought the stock before 08 December 2022. Payment date: 13 January 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (4.2%). Reported Earnings • Nov 17
First half 2023 earnings released First half 2023 results: Revenue: UK£62.4m (up 24% from 1H 2022). Net loss: UK£883.0k (down 157% from profit in 1H 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Non-Executive Director Lyndsey Scott was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 17% share price gain to UK£10.35, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 8x in the Forestry industry in Europe. Total loss to shareholders of 13% over the past three years. Upcoming Dividend • Jun 30
Upcoming dividend of UK£0.075 per share Eligible shareholders must have bought the stock before 07 July 2022. Payment date: 12 August 2022. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (3.6%). Reported Earnings • Jun 21
Full year 2022 earnings released: EPS: UK£0.14 (vs UK£0.16 in FY 2021) Full year 2022 results: EPS: UK£0.14 (down from UK£0.16 in FY 2021). Revenue: UK£105.7m (up 34% from FY 2021). Net income: UK£1.36m (down 13% from FY 2021). Profit margin: 1.3% (down from 2.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 9 non-independent directors. Independent Non-Executive Director Lyndsey Scott was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Dec 02
Upcoming dividend of UK£0.025 per share Eligible shareholders must have bought the stock before 09 December 2021. Payment date: 14 January 2022. Trailing yield: 0.3%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to UK£11.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 13x in the Forestry industry in Europe. Total loss to shareholders of 14% over the past three years. Reported Earnings • Jun 25
Full year 2021 earnings released: EPS UK£0.16 (vs UK£0.51 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£78.9m (down 25% from FY 2020). Net income: UK£1.57m (down 68% from FY 2020). Profit margin: 2.0% (down from 4.6% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Is New 90 Day High Low • Jan 19
New 90-day high: UK£14.00 The company is up 51% from its price of UK£9.30 on 21 October 2020. The British market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£130 per share. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 23% share price gain to UK£14.00, the stock is trading at a trailing P/E ratio of 41.9x, up from the previous P/E ratio of 34x. This compares to an average P/E of 14x in the Forestry industry in Europe. Total return to shareholders over the past three years is a loss of 20%. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 17% share price gain to UK£11.00, the stock is trading at a trailing P/E ratio of 33x, up from the previous P/E ratio of 28.2x. This compares to an average P/E of 14x in the Forestry industry in Europe. Total return to shareholders over the past three years is a loss of 31%. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 16% share price gain to UK£9.50, the stock is trading at a trailing P/E ratio of 18.8x, up from the previous P/E ratio of 16.2x. This compares to an average P/E of 14x in the Forestry industry in Europe. Total return to shareholders over the past three years is a loss of 35%. Is New 90 Day High Low • Nov 03
New 90-day low: UK£8.20 The company is down 14% from its price of UK£9.50 on 04 August 2020. The British market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 7.0% over the same period. Valuation Update With 7 Day Price Move • Oct 13
Market bids up stock over the past week After last week's 15% share price gain to UK£9.90, the stock is trading at a trailing P/E ratio of 19.6x, up from the previous P/E ratio of 17x. This compares to an average P/E of 13x in the Forestry industry in Europe. Total return to shareholders over the past three years is a loss of 38%.