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Interface

DB:IF6N
Snowflake Description

Established dividend payer with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IF6N
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The last earnings update was 51 days ago. More info.


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IF6N Share Price and Events
7 Day Returns
2.5%
DB:IF6N
1.5%
DE Commercial Services
1.8%
DE Market
1 Year Returns
-28.2%
DB:IF6N
-8.1%
DE Commercial Services
-6%
DE Market
IF6N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Interface (IF6N) 2.5% 8.9% 7.8% -28.2% -7.5% 6.7%
DE Commercial Services 1.5% 1.7% 10.8% -8.1% 1.3% -41%
DE Market 1.8% 4.2% 7.4% -6% 10.1% 15.4%
1 Year Return vs Industry and Market
  • IF6N underperformed the Commercial Services industry which returned -8.1% over the past year.
  • IF6N underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
IF6N
Industry
5yr Volatility vs Market

Value

 Is Interface undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Interface to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Interface.

DB:IF6N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:IF6N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 21%) (60.89%))
1.059
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.059 * 5.96%)
6.54%

Discounted Cash Flow Calculation for DB:IF6N using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Interface is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:IF6N DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.54%)
2019 81.30 Analyst x2 76.31
2020 78.95 Analyst x2 69.55
2021 84.25 Analyst x2 69.67
2022 88.00 Analyst x1 68.30
2023 93.00 Analyst x1 67.75
2024 96.54 Est @ 3.8% 66.01
2025 99.18 Est @ 2.73% 63.65
2026 101.14 Est @ 1.98% 60.93
2027 102.61 Est @ 1.45% 58.02
2028 103.73 Est @ 1.09% 55.05
Present value of next 10 years cash flows $655.23
DB:IF6N DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $103.73 × (1 + 0.23%) ÷ (6.54% – 0.23%)
$1,646.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,646.92 ÷ (1 + 6.54%)10
$874.03
DB:IF6N Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $655.23 + $874.03
$1,529.26
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,529.26 / 60.01
$25.48
DB:IF6N Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IF6N represents 0.87431x of NasdaqGS:TILE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87431x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 25.48 x 0.87431
€22.28
Value per share (EUR) From above. €22.28
Current discount Discount to share price of €14.80
= -1 x (€14.80 - €22.28) / €22.28
33.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Interface is available for.
Intrinsic value
34%
Share price is €14.8 vs Future cash flow value of €22.28
Current Discount Checks
For Interface to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Interface's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Interface's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Interface's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Interface's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IF6N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-30) in USD $0.84
NasdaqGS:TILE Share Price ** NasdaqGS (2019-04-18) in USD $16.93
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.52x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Interface.

DB:IF6N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TILE Share Price ÷ EPS (both in USD)

= 16.93 ÷ 0.84

20.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interface is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Interface is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Interface's expected growth come at a high price?
Raw Data
DB:IF6N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
20.9%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.35x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:IF6N PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.06x ÷ 20.9%

0.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interface is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Interface's assets?
Raw Data
DB:IF6N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-30) in USD $5.96
NasdaqGS:TILE Share Price * NasdaqGS (2019-04-18) in USD $16.93
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.84x
DB:IF6N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TILE Share Price ÷ Book Value per Share (both in USD)

= 16.93 ÷ 5.96

2.84x

* Primary Listing of Interface.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interface is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Interface's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Interface has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Interface expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Interface expected to grow at an attractive rate?
  • Interface's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Interface's earnings growth is expected to exceed the Germany market average.
  • Interface's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IF6N Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IF6N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 20.9%
DB:IF6N Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 5.5%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:IF6N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IF6N Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,532 1
2022-12-31 1,515 177 135 2
2021-12-31 1,476 162 115 4
2020-12-31 1,426 149 107 5
2019-12-31 1,378 128 88 7
2018-12-31 1,187 124 64 7
DB:IF6N Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-30 1,180 92 50
2018-09-30 1,109 94 48
2018-07-01 1,048 86 59
2018-04-01 1,016 91 60
2017-12-31 996 103 53
2017-10-01 970 87 54
2017-07-02 961 85 50
2017-04-02 957 104 50
2017-01-01 959 98 54
2016-10-02 966 112 68
2016-07-03 972 109 72
2016-04-03 988 104 73
2016-01-03 1,002 126 72

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Interface's earnings are expected to grow significantly at over 20% yearly.
  • Interface's revenue is expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:IF6N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Interface Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IF6N Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 2.27 2.27 2.27 1.00
2021-12-31 1.94 2.05 1.88 3.00
2020-12-31 1.80 1.89 1.73 3.00
2019-12-31 1.48 1.65 1.10 4.00
2018-12-31 1.08 1.15 0.92 4.00
DB:IF6N Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-30 0.84
2018-09-30 0.81
2018-07-01 0.99
2018-04-01 0.98
2017-12-31 0.86
2017-10-01 0.85
2017-07-02 0.78
2017-04-02 0.77
2017-01-01 0.83
2016-10-02 1.03
2016-07-03 1.09
2016-04-03 1.11
2016-01-03 1.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Interface is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Interface's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Interface has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Interface performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Interface's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Interface's year on year earnings growth rate has been positive over the past 5 years.
  • Interface's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Interface's 1-year earnings growth is negative, it can't be compared to the Europe Commercial Services industry average.
Earnings and Revenue History
Interface's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Interface Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IF6N Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-30 1,179.57 50.25 305.75 16.40
2018-09-30 1,108.72 48.18 284.74 14.00
2018-07-01 1,047.83 59.45 268.82 14.00
2018-04-01 1,015.90 59.78 260.76 14.00
2017-12-31 996.44 53.25 253.15 14.00
2017-10-01 969.74 53.63 245.84 14.30
2017-07-02 960.66 50.10 245.79 14.30
2017-04-02 957.17 49.82 248.73 14.30
2017-01-01 958.62 54.16 247.40 14.30
2016-10-02 965.75 67.70 256.18 14.50
2016-07-03 972.08 71.93 255.66 14.50
2016-04-03 987.51 72.99 256.37 14.50
2016-01-03 1,001.86 72.42 254.80 14.50
2015-10-04 1,027.32 62.26 249.52 13.90
2015-07-05 1,024.83 41.76 246.81 13.90
2015-04-05 1,021.82 33.11 244.82 13.90
2014-12-28 1,003.90 24.81 243.45 13.90
2014-09-28 983.50 32.06 246.89 12.60
2014-06-29 985.75 47.39 246.85 12.60
2014-03-30 968.61 45.28 245.23 12.60
2013-12-29 959.99 48.26 239.83 12.60
2013-09-29 957.90 40.31 236.43 12.40
2013-06-30 946.31 36.42 230.53 12.40
2013-03-31 932.37 35.99 222.32 12.40
2012-12-30 932.02 22.90 218.96 12.40
2012-09-30 926.90 20.52 215.21 12.10
2012-07-01 932.76 21.14 219.77 12.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Interface has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Interface used its assets less efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Interface's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Interface's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Interface has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Interface's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Interface's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Interface is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Interface's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Interface's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Interface Company Filings, last reported 3 months ago.

DB:IF6N Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-30 354.66 618.58 82.78
2018-09-30 352.98 648.88 110.97
2018-07-01 340.60 243.53 66.98
2018-04-01 338.37 243.88 67.86
2017-12-31 330.09 229.93 87.94
2017-10-01 332.19 234.51 78.11
2017-07-02 331.94 230.43 66.78
2017-04-02 331.03 223.04 80.05
2017-01-01 340.73 270.35 165.67
2016-10-02 377.50 217.61 113.73
2016-07-03 361.14 224.33 88.36
2016-04-03 359.35 232.61 83.21
2016-01-03 342.37 213.53 75.70
2015-10-04 327.01 232.55 73.73
2015-07-05 315.90 259.12 71.82
2015-04-05 294.98 259.00 59.00
2014-12-28 306.64 263.34 54.90
2014-09-28 340.71 275.49 68.46
2014-06-29 357.97 279.01 50.01
2014-03-30 346.56 278.41 62.49
2013-12-29 340.79 273.83 72.88
2013-09-29 323.17 283.14 89.38
2013-06-30 302.17 283.13 61.37
2013-03-31 298.49 283.12 65.08
2012-12-30 295.70 283.11 90.53
2012-09-30 282.15 283.09 91.65
2012-07-01 280.86 283.07 36.88
  • Interface's level of debt (174.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (80.4% vs 174.4% today).
  • Debt is not well covered by operating cash flow (14.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.3x coverage).
X
Financial health checks
We assess Interface's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Interface has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Interface's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.54%
Current annual income from Interface dividends. Estimated to be 2.14% next year.
If you bought €2,000 of Interface shares you are expected to receive €31 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Interface's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Interface's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:IF6N Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:IF6N Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.26 1.00
2021-12-31 0.27 2.00
2020-12-31 0.52 3.00
2019-12-31 0.26 2.00
2018-12-31 0.26 3.00
DB:IF6N Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-19 0.260 1.574
2018-10-24 0.260 1.642
2018-07-25 0.260 1.163
2018-04-25 0.260 1.120
2018-02-21 0.260 1.038
2017-10-25 0.260 1.072
2017-07-26 0.260 1.289
2017-04-26 0.240 1.219
2017-02-22 0.240 1.270
2016-10-26 0.240 1.355
2016-07-27 0.240 1.422
2016-04-27 0.200 1.220
2016-02-24 0.200 1.148
2015-10-28 0.200 1.104
2015-07-29 0.200 0.828
2015-04-29 0.160 0.691
2015-02-18 0.160 0.789
2014-10-22 0.160 1.009
2014-07-23 0.160 0.976
2014-04-23 0.120 0.659
2014-02-19 0.120 0.611
2013-10-23 0.120 0.586
2013-07-24 0.120 0.632
2013-04-24 0.100 0.574
2013-02-14 0.100 0.543
2012-07-26 0.100 0.686
2012-04-26 0.080 0.632
2012-02-23 0.080 0.624
2011-10-27 0.080 0.670
2011-07-28 0.080 0.604
2011-04-28 0.080 0.429
2011-02-24 0.080 0.456
2010-10-28 0.080 0.504
2010-07-29 0.040 0.293
2010-04-29 0.040 0.339
2010-02-24 0.010 0.090
2009-10-29 0.010 0.125
2009-07-30 0.010 0.138
2009-04-30 0.010 0.161
2009-04-21 0.010 0.219

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Interface's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (7.3x coverage).
X
Income/ dividend checks
We assess Interface's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Interface afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Interface has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Interface's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jay Gould
COMPENSATION $4,748,158
AGE 59
TENURE AS CEO 2.1 years
CEO Bio

Mr. Jay D. Gould has been the Chief Executive Officer of Interface, Inc. since March 3, 2017 and its President since January 2016. Mr. Gould served as the Chief Operating Officer of Interface, Inc. from January 13, 2015 to March 3, 2017. Mr. Gould served as an Executive Vice President of Interface Inc. since January 13, 2015 until January 2016. He oversees global operations, marketing and organizational development for the carpet tile manufacturing company that is a recognized leader in sustainability worldwide. Mr. Gould served as the Chief Executive Officer and President of AS America, Inc. since January 2012 until 2015, where he re-energized the 138-year-old brand and steered the struggling kitchen and bath products company back on track in terms of profitability, innovation and brand stewardship. Mr. Gould served as Group President of Home & Family Segment of Newell Rubbermaid Inc. from November 26, 2007 to January 1, 2012 and served as its President of Parenting Essentials business group from 2006 to 2008. He joined American Standard Brands in January 2012. From 2012 to 2015, Mr. Gould was the Chief Executive Officer of American Standard Brands. Mr. Gould served as Chief Marketing Officer of Pepperidge Farm of Campbell Soup Company from December 4, 2002 to 2004 and also served as its President since March 15, 2004. He joined Pepperidge Farm from The Coca-Cola Company, where he served as Vice President of Portfolio Development and Innovation, Global Marketing Division. He worked at The Coca-Cola Company from 1995 to 2002. Mr. Gould began his career in financial planning at NCR Corporation. He joined General Mills, Inc. in Minneapolis, where he worked in product management on the Betty Crocker, Wheaties and Yoplait brands. He served as Product Manager of Yoplait USA. Since 1989, he served as Vice President of Marketing at the Colombo organization in Andover, Mass. and served as General Manager of Frozen. From 1992 to 1995, he ran his own highly successful specialty frozen foods company, Full Service Marketing. He served at Coca-Cola as Vice President-Kid's Business Team and New Products, for the Minute Maid unit in Houston. He served as Senior Vice President and Chief Marketing Officer-Minute Maid. From 1998 to 2000, he served as Senior Vice President-Marketing for the Coca-Cola Japan Company and served as Vice President of Portfolio Development and Innovation, Global Marketing Division since 2000. He has been a Director of Interface Inc. since June 9, 2016. He served as a Director of LIXIL Corporation since June 19, 2014. He has a Bachelor’s degree in Economics from the University of Dayton and an MBA in General Management from the Harvard Graduate School of Business in 1985.

CEO Compensation
  • Jay's compensation has increased by more than 20% in the past year.
  • Jay's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Interface management team in years:

2.3
Average Tenure
49.5
Average Age
  • The tenure for the Interface management team is about average.
Management Team

Jay Gould

TITLE
President
COMPENSATION
$5M
AGE
59
TENURE
2.1 yrs

Bruce Hausmann

TITLE
VP & CFO
COMPENSATION
$2M
AGE
48
TENURE
2 yrs

Matt Miller

TITLE
VP & Division President of Americas
COMPENSATION
$1M
AGE
49
TENURE
3.8 yrs

Gregory Bauer

TITLE
VP & Chief Accounting Officer
AGE
42
TENURE
1.5 yrs

Sanjay Lall

TITLE
VP & Chief Information Officer
AGE
57

David Foshee

TITLE
VP, General Counsel & Secretary
AGE
47
TENURE
2.3 yrs

Christine Needles

TITLE
Global Head of Corporate Communications

Katy Owen

TITLE
VP & Chief Human Resources Officer
AGE
54
TENURE
3.8 yrs

Nigel Stansfield

TITLE
VP and Division President of Europe
AGE
50
TENURE
7.1 yrs

Erin Meezan

TITLE
Chief Sustainability Officer and Vice President
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Interface board of directors in years:

5.8
Average Tenure
55.5
Average Age
  • The tenure for the Interface board of directors is about average.
Board of Directors

Daniel Hendrix

TITLE
Non-Executive Chairman
COMPENSATION
$4M
AGE
63
TENURE
7.5 yrs

Jay Gould

TITLE
President
COMPENSATION
$5M
AGE
59
TENURE
2.9 yrs

Chris Kennedy

TITLE
Lead Independent Director
COMPENSATION
$180K
AGE
54

Andrew Cogan

TITLE
Independent Director
COMPENSATION
$170K
AGE
55
TENURE
6.3 yrs

Sheryl Palmer

TITLE
Director
COMPENSATION
$170K
AGE
56
TENURE
3.5 yrs

Jim Miller

TITLE
Independent Director
COMPENSATION
$165K
AGE
78
TENURE
18.9 yrs

K. Kohler

TITLE
Independent Director
COMPENSATION
$165K
AGE
51
TENURE
12.5 yrs

John Burke

TITLE
Independent Director
COMPENSATION
$165K
AGE
56
TENURE
5.8 yrs

Erin Matts

TITLE
Director
COMPENSATION
$159K
AGE
41
TENURE
2.5 yrs

Cathy Kilbane

TITLE
Director
AGE
54
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Interface's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Interface has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products. It also produces and sells an adapted version of its carpet tile for the healthcare facilities market; and two-meter roll goods that are structure-backed for use in education, healthcare, and government markets, as well as carpet replacement, installation, and maintenance services. In addition, the company sells and licenses a proprietary antimicrobial chemical compound under the Intersept name for use in air filters; sells TacTiles, a carpet tile installation system, as well as various adhesives and products; and provides turnkey project management services for national accounts and other customers through its InterfaceSERVICES business. It sells its products directly to end-users, as well as indirectly through independent contractors or distributors; and FLOR line of products through Internet sales and commercial sales force. The company has product showrooms or design studios in the United States, Canada, Mexico, Brazil, Denmark, England, France, Germany, Spain, the Netherlands, India, Australia, Norway, the United Arab Emirates, Russia, Singapore, Hong Kong, Thailand, China, and others. Interface, Inc. was founded in 1973 and is headquartered in Atlanta, Georgia.

Details
Name: Interface, Inc.
IF6N
Exchange: DB
Founded: 1973
$903,376,763
60,008,463
Website: http://www.interface.com
Address: Interface, Inc.
1280 West Peachtree Street NW,
Midtown,
Atlanta,
Georgia, 30309,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TILE Common Stock Nasdaq Global Select US USD 14. Apr 1983
DB IF6N Common Stock Deutsche Boerse AG DE EUR 14. Apr 1983
Number of employees
Current staff
Staff numbers
4,094
Interface employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 20:56
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/30
Last annual earnings reported: 2018/12/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.