DB:PHQ

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Photo-Me International

Executive Summary

Photo-Me International plc operates, sells, and services a range of instant-service equipment in Continental Europe, the United Kingdom, Ireland, Asia, and internationally.


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has Photo-Me International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PHQ's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.5%

PHQ

1.6%

DE Leisure

-3.6%

DE Market


1 Year Return

-55.4%

PHQ

15.7%

DE Leisure

3.7%

DE Market

Return vs Industry: PHQ underperformed the German Leisure industry which returned 15.7% over the past year.

Return vs Market: PHQ underperformed the German Market which returned 3.8% over the past year.


Shareholder returns

PHQIndustryMarket
7 Day6.5%1.6%-3.6%
30 Day-21.0%5.8%-2.0%
90 Day-6.9%34.5%13.3%
1 Year-53.0%-55.4%17.6%15.7%6.0%3.7%
3 Year-67.8%-73.2%48.6%38.4%1.1%-6.9%
5 Year-70.3%-77.5%100.7%74.9%7.8%-6.8%

Price Volatility Vs. Market

How volatile is Photo-Me International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Photo-Me International undervalued compared to its fair value and its price relative to the market?

45.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PHQ (€0.48) is trading below our estimate of fair value (€0.87)

Significantly Below Fair Value: PHQ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PHQ is poor value based on its PE Ratio (150.9x) compared to the XE Leisure industry average (16.6x).

PE vs Market: PHQ is poor value based on its PE Ratio (150.9x) compared to the German market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PHQ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PHQ is good value based on its PB Ratio (1.5x) compared to the XE Leisure industry average (2.1x).


Next Steps

Future Growth

How is Photo-Me International forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

16.5%

Forecasted Consumer Durables industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PHQ's forecast earnings growth is above the savings rate (0.2%).

Earnings vs Market: Insufficient data to determine if PHQ's earnings are forecast to grow faster than the German market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if PHQ's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if PHQ's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PHQ's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Photo-Me International performed over the past 5 years?

-3.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PHQ has high quality earnings.

Growing Profit Margin: PHQ's current net profit margins (0.5%) are lower than last year (13.7%).


Past Earnings Growth Analysis

Earnings Trend: PHQ's earnings have declined by 3.3% per year over the past 5 years.

Accelerating Growth: PHQ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PHQ had negative earnings growth (-96.4%) over the past year, making it difficult to compare to the Leisure industry average (-8.2%).


Return on Equity

High ROE: PHQ's Return on Equity (1%) is considered low.


Next Steps

Financial Health

How is Photo-Me International's financial position?


Financial Position Analysis

Short Term Liabilities: PHQ's short term assets (£116.8M) exceed its short term liabilities (£84.2M).

Long Term Liabilities: PHQ's short term assets (£116.8M) exceed its long term liabilities (£59.8M).


Debt to Equity History and Analysis

Debt Level: PHQ's debt to equity ratio (50.2%) is considered high.

Reducing Debt: PHQ's debt to equity ratio has increased from 0.1% to 50.2% over the past 5 years.

Debt Coverage: PHQ's debt is well covered by operating cash flow (87.7%).

Interest Coverage: PHQ's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Photo-Me International current dividend yield, its reliability and sustainability?

18.71%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PHQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PHQ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PHQ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PHQ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PHQ is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PHQ's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.1yrs

Average management tenure


CEO

Serge Crasnianski (77 yo)

11.08yrs

Tenure

UK£650,380

Compensation

Mr. Serge Crasnianski has been the Group Chief Executive Officer of Photo-Me International Plc since July 3, 2009. Mr. Crasnianski served as Joint Chief Executive Officer of Photo-Me International PLC. Mr. ...


CEO Compensation Analysis

Compensation vs Market: Serge's total compensation ($USD854.52K) is about average for companies of similar size in the German market ($USD758.05K).

Compensation vs Earnings: Serge's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Serge Crasnianski
Group CEO & Deputy Chairman11.08yrsUK£650.38k23.33%
£ 44.2m
Stephane Gibon
Group Chief Financial Officer2.33yrsno data0.026%
£ 50.1k
Del Mansi
General Counsel & Company Secretary11.58yrsno datano data
Jean-Marc Janailhac
Executive Director1.08yrsno data0.0071%
£ 13.5k
Richard Cheeseman
Assistant Company Secretaryno datano datano data

11.1yrs

Average Tenure

Experienced Management: PHQ's management team is seasoned and experienced (11.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Serge Crasnianski
Group CEO & Deputy Chairman11.08yrsUK£650.38k23.33%
£ 44.2m
Jean-Marc Janailhac
Executive Director1.08yrsno data0.0071%
£ 13.5k
Jean-Marcel Denis
Independent Non-Executive Director8.42yrsUK£49.50kno data
John Henry Lewis
Non-Executive Chairman10.25yrsUK£132.00k0.0066%
£ 12.5k
Emmanuel John Olympitis
Senior Independent Non-Executive Director8.42yrsUK£55.00k0.012%
£ 22.5k
Yitzhak Apeloig
Independent Non-Executive Director8.42yrsUK£44.00kno data
Françoise Coutaz-Replan
Non-Executive Director10.92yrsUK£44.00k0.053%
£ 100.2k

8.4yrs

Average Tenure

71yo

Average Age

Experienced Board: PHQ's board of directors are considered experienced (8.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PHQ insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Photo-Me International plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Photo-Me International plc
  • Ticker: PHQ
  • Exchange: DB
  • Founded: 1962
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: UK£170.483m
  • Listing Market Cap: UK£189.341m
  • Shares outstanding: 378.01m
  • Website: https://www.photo-me.co.uk

Number of Employees


Location

  • Photo-Me International plc
  • Unit 3B
  • Blenhiem Road
  • Bookham
  • Surrey
  • KT19 9AP
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PHTMLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
PHQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
PHTMlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992

Biography

Photo-Me International plc operates, sells, and services a range of instant-service equipment in Continental Europe, the United Kingdom, Ireland, Asia, and internationally. It operates coin-operated automa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/02 20:59
End of Day Share Price2020/07/31 00:00
Earnings2020/04/30
Annual Earnings2020/04/30


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.