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Photo-Me International

DB:PHQ
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PHQ
DB
£368M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Photo-Me International plc operates, sells, and services a range of instant-service equipment in Continental Europe, the United Kingdom, Ireland, Asia, and internationally. The last earnings update was 4 days ago. More info.


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PHQ Share Price and Events
7 Day Returns
8%
DB:PHQ
-1.4%
Europe Leisure
-0.7%
DE Market
1 Year Returns
-11%
DB:PHQ
14.5%
Europe Leisure
-7.6%
DE Market
PHQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Photo-Me International (PHQ) 8% 4.2% 10.9% -11% -39.7% -37.2%
Europe Leisure -1.4% -2.5% -0.8% 14.5% 67.5% 89.4%
DE Market -0.7% -0.8% -3.8% -7.6% 8.2% 11.1%
1 Year Return vs Industry and Market
  • PHQ underperformed the Leisure industry which returned 14.5% over the past year.
  • PHQ underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
PHQ
Industry
5yr Volatility vs Market

Value

 Is Photo-Me International 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 Photo-Me International 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 Photo-Me International.

DB:PHQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
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:PHQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.962 (1 + (1- 19%) (18.82%))
1.073
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.073 * 6.65%)
7.36%

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

The calculations below outline how an intrinsic value for Photo-Me International 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:PHQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.36%)
2020 32.93 Analyst x2 30.67
2021 35.07 Analyst x2 30.42
2022 36.94 Analyst x2 29.85
2023 38.30 Est @ 3.7% 28.83
2024 39.32 Est @ 2.66% 27.57
2025 40.08 Est @ 1.93% 26.17
2026 40.65 Est @ 1.42% 24.72
2027 41.09 Est @ 1.06% 23.27
2028 41.42 Est @ 0.81% 21.85
2029 41.68 Est @ 0.64% 20.48
Present value of next 10 years cash flows £263.85
DB:PHQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £41.68 × (1 + 0.23%) ÷ (7.36% – 0.23%)
£585.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £585.55 ÷ (1 + 7.36%)10
£287.76
DB:PHQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £263.85 + £287.76
£551.61
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £551.61 / 378.01
£1.46
DB:PHQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PHQ represents 1.13258x of LSE:PHTM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.13258x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.46 x 1.13258
€1.65
Value per share (EUR) From above. €1.65
Current discount Discount to share price of €1.10
= -1 x (€1.10 - €1.65) / €1.65
33.3%

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

Current Discount
Amount off the current price Photo-Me International is available for.
Intrinsic value
33%
Share price is €1.1 vs Future cash flow value of €1.65
Current Discount Checks
For Photo-Me International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Photo-Me International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Photo-Me International'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 Photo-Me International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Photo-Me International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PHQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in GBP £0.08
LSE:PHTM Share Price ** LSE (2019-07-22) in GBP £0.97
Europe Leisure Industry PE Ratio Median Figure of 23 Publicly-Listed Leisure Companies 20.13x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

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

** Primary Listing of Photo-Me International.

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

= LSE:PHTM Share Price ÷ EPS (both in GBP)

= 0.97 ÷ 0.08

11.77x

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

  • Photo-Me International is good value based on earnings compared to the Europe Leisure industry average.
  • Photo-Me International is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Photo-Me International's expected growth come at a high price?
Raw Data
DB:PHQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
6%per year
Europe Leisure Industry PEG Ratio Median Figure of 12 Publicly-Listed Leisure Companies 1.42x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.77x ÷ 6%

1.96x

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

  • Photo-Me International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Photo-Me International's assets?
Raw Data
DB:PHQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in GBP £0.38
LSE:PHTM Share Price * LSE (2019-07-22) in GBP £0.97
Europe Leisure Industry PB Ratio Median Figure of 28 Publicly-Listed Leisure Companies 2.34x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:PHQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:PHTM Share Price ÷ Book Value per Share (both in GBP)

= 0.97 ÷ 0.38

2.59x

* Primary Listing of Photo-Me International.

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

  • Photo-Me International is overvalued based on assets compared to the Europe Leisure industry average.
X
Value checks
We assess Photo-Me International'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 Leisure 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 Leisure industry average (and greater than 0)? (1 check)
  5. Photo-Me International has a total score of 3/6, 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 Photo-Me International expected to perform in the next 1 to 3 years based on estimates from 3 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
6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Photo-Me International expected to grow at an attractive rate?
  • Photo-Me International's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Photo-Me International's earnings growth is positive but not above the Germany market average.
  • Photo-Me International's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PHQ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PHQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 6%
DB:PHQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.6%
Europe Leisure Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
Europe Leisure Industry Revenue Growth Rate Market Cap Weighted Average 6.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:PHQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PHQ Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-04-30 264 78 38 2
2021-04-30 230 75 37 3
2020-04-30 242 73 36 2
DB:PHQ Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-04-30 228 57 31
2019-01-31 228 53 34
2018-10-31 227 49 36
2018-07-31 229 50 38
2018-04-30 230 52 40
2018-01-31 228 50 39
2017-10-31 226 49 37
2017-07-31 220 49 36
2017-04-30 215 49 35
2017-01-31 208 51 34
2016-10-31 202 53 32
2016-07-31 193 46 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Photo-Me International's earnings are expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
  • Photo-Me International's revenue is expected to grow by 3.6% 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:PHQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Photo-Me International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PHQ Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-04-30 0.10 0.10 0.10 1.00
2021-04-30 0.10 0.10 0.10 1.00
2020-04-30 0.10 0.10 0.10 1.00
DB:PHQ Past Financials Data
Date (Data in GBP Millions) EPS *
2019-04-30 0.08
2019-01-31 0.09
2018-10-31 0.10
2018-07-31 0.10
2018-04-30 0.11
2018-01-31 0.10
2017-10-31 0.10
2017-07-31 0.10
2017-04-30 0.09
2017-01-31 0.09
2016-10-31 0.09
2016-07-31 0.08

*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.
  • Photo-Me International is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Photo-Me International'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Photo-Me International has a total score of 2/6, 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 Photo-Me International 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 Photo-Me International's growth in the last year to its industry (Leisure).
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.
  • Photo-Me International's year on year earnings growth rate has been positive over the past 5 years.
  • Photo-Me International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Photo-Me International's 1-year earnings growth is negative, it can't be compared to the Europe Leisure industry average.
Earnings and Revenue History
Photo-Me International'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 Photo-Me International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PHQ Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 228.12 31.23 22.39
2019-01-31 227.73 33.64 22.20
2018-10-31 227.35 36.06 22.01
2018-07-31 228.58 38.10 19.76
2018-04-30 229.81 40.13 17.52
2018-01-31 228.04 38.66 14.68
2017-10-31 226.27 37.19 11.84
2017-07-31 220.46 36.09 12.83
2017-04-30 214.65 34.99 13.82
2017-01-31 208.25 33.65 14.64
2016-10-31 201.84 32.32 15.45
2016-07-31 192.92 30.69 14.69
2016-04-30 183.99 29.07 13.93
2016-01-31 178.80 27.61 13.87
2015-10-31 173.60 26.16 13.82
2015-07-31 175.40 27.03 12.07
2015-04-30 177.20 27.90 10.32
2015-01-31 179.41 26.92 11.90
2014-10-31 181.62 25.93 13.47
2014-07-31 184.11 23.68 15.90
2014-04-30 186.60 21.42 18.32
2014-01-31 188.07 20.28 18.20
2013-10-31 189.53 19.13 18.08
2013-07-31 192.56 18.27 18.61
2013-04-30 195.59 17.41 19.14
2013-01-31 197.61 17.14 18.85
2012-10-31 199.62 16.88 18.55
2012-07-31 203.73 15.62 19.12

*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.
  • Photo-Me International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Photo-Me International used its assets more efficiently than the Europe Leisure industry average last year based on Return on Assets.
  • Photo-Me International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Photo-Me International'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 Leisure 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.
Photo-Me International has a total score of 3/6, 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 Photo-Me International'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 Photo-Me International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Photo-Me International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Photo-Me International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Photo-Me International'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 covered by short term assets, assets are 1.9x 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 Photo-Me International Company Filings, last reported 2 months ago.

DB:PHQ Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 143.85 67.39 84.59
2019-01-31 143.85 67.39 84.59
2018-10-31 134.85 56.76 88.57
2018-07-31 134.85 56.76 88.57
2018-04-30 144.81 33.33 58.66
2018-01-31 144.81 33.33 58.66
2017-10-31 128.26 17.48 63.12
2017-07-31 128.26 17.48 63.12
2017-04-30 129.30 10.24 47.51
2017-01-31 129.30 10.24 47.51
2016-10-31 136.21 11.05 77.18
2016-07-31 136.21 11.05 77.18
2016-04-30 122.75 10.38 71.01
2016-01-31 122.75 10.38 71.01
2015-10-31 103.16 4.94 66.45
2015-07-31 103.16 4.94 66.45
2015-04-30 104.41 0.00 58.63
2015-01-31 104.41 0.00 58.63
2014-10-31 100.57 0.07 62.63
2014-07-31 100.57 0.07 62.63
2014-04-30 104.23 0.18 61.08
2014-01-31 104.23 0.18 61.08
2013-10-31 102.35 0.29 65.87
2013-07-31 102.35 0.29 65.87
2013-04-30 98.36 0.65 59.74
2013-01-31 98.36 0.65 59.74
2012-10-31 101.95 2.87 70.72
2012-07-31 101.95 2.87 70.72
  • Photo-Me International's level of debt (48.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.3% vs 48.1% today).
  • Debt is well covered by operating cash flow (82.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 84.2x coverage).
X
Financial health checks
We assess Photo-Me International'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. Photo-Me International has a total score of 4/6, 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 Photo-Me International'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
8.67%
Current annual income from Photo-Me International dividends. Estimated to be 8.57% next year.
If you bought €2,000 of Photo-Me International shares you are expected to receive €173 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?
  • Photo-Me International's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Photo-Me International's dividend is above the markets top 25% of dividend payers in Germany (3.92%).
Upcoming dividend payment

Purchase Photo-Me International before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:PHQ 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 3 Analyst Estimates (S&P Global) See Below
Europe Leisure Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:PHQ Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-04-30 0.09 2.00
2021-04-30 0.08 3.00
2020-04-30 0.09 3.00
DB:PHQ Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-07-18 0.084 8.731
2018-10-25 0.084 9.044
2017-07-11 0.070 4.743
2017-06-27 0.070 4.342
2016-07-20 0.066 4.105
2016-06-21 0.066 4.731
2015-12-10 0.052 3.225
2015-07-23 0.051 3.309
2015-06-25 0.051 3.649
2014-12-04 0.047 3.290
2014-10-23 0.059 4.454
2014-02-14 0.056 4.089
2013-02-04 0.030 3.050
2012-12-07 0.030 4.753
2012-07-27 0.025 5.282
2012-06-28 0.025 6.564
2011-12-08 0.025 5.496
2011-07-28 0.020 3.727
2011-06-29 0.020 3.135
2010-12-09 0.020 3.769
2010-11-15 0.020 3.067
2010-07-07 0.020 3.725
2010-07-06 0.020 5.703
2009-12-09 0.005 1.424
2008-12-18 0.000 0.000

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 Photo-Me International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Photo-Me International'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 Photo-Me International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Photo-Me International has a total score of 4/6, 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 Photo-Me International'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
Serge Crasnianski
COMPENSATION £681,954
AGE 76
TENURE AS CEO 10 years
CEO Bio

Mr. Serge Crasnianski has been the 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. Crasnianski served as Chief Executive Officer of Photo-Me International PLC since 1998 until November 2007. Mr. Crasnianski founded KIS in 1963. He has been Deputy Chairman of Photo-Me International PLC since July 1, 2009. He has been Executive Director at Photo-Me International PLC since May 6, 2009. He served as Executive Director of Photo-Me International plc since 1990 until December 2007.

CEO Compensation
  • Serge's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Serge's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Photo-Me International management team in years:

7.1
Average Tenure
  • The average tenure for the Photo-Me International management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Serge Crasnianski

TITLE
CEO & Deputy Chairman
COMPENSATION
£682K
AGE
76
TENURE
10 yrs

Stephane Gibon

TITLE
Group Chief Financial Officer
TENURE
1.3 yrs

Eric Mergui

TITLE
COO & Executive Director
TENURE
4.2 yrs

Del Mansi

TITLE
General Counsel & Company Secretary
TENURE
10.5 yrs

Richard Cheeseman

TITLE
Assistant Company Secretary
Board of Directors Tenure

Average tenure and age of the Photo-Me International board of directors in years:

7.3
Average Tenure
73
Average Age
  • The tenure for the Photo-Me International board of directors is about average.
Board of Directors

John Henry Lewis

TITLE
Non-Executive Chairman
COMPENSATION
£132K
AGE
78
TENURE
9.2 yrs

Serge Crasnianski

TITLE
CEO & Deputy Chairman
COMPENSATION
£682K
AGE
76
TENURE
10 yrs

Eric Mergui

TITLE
COO & Executive Director
TENURE
1.2 yrs

Manoli Olympitis

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£55K
AGE
70
TENURE
7.3 yrs

Jean-Marcel Denis

TITLE
Non-Executive Director
COMPENSATION
£50K
TENURE
7.3 yrs

Françoise Coutaz-Replan

TITLE
Non-Executive Director
COMPENSATION
£124K
TENURE
9.8 yrs

Yitzhak Apeloig

TITLE
Non-Executive Director
COMPENSATION
£44K
AGE
60
TENURE
7.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Photo-Me International individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Jul 19 Buy Serge Crasnianski Individual 18. Jul 19 18. Jul 19 200,000 €1.00 €200,850
13. Sep 18 Sell Françoise Coutaz-Replan Individual 12. Sep 18 12. Sep 18 -250,000 €1.32 €-331,029
X
Management checks
We assess Photo-Me International'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. Photo-Me International 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

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 automatic photobooths for identification and fun purposes, as well as vending equipment, including digital photo kiosks, amusement machines, business service equipment, laundry machines, and children’s rides. The company owns 46,700 vending units. Photo-Me International plc was founded in 1962 and is based in Bookham, the United Kingdom.

Details
Name: Photo-Me International plc
PHQ
Exchange: DB
Founded: 1962
£409,330,840
378,011,637
Website: http://www.photo-me.co.uk
Address: Photo-Me International plc
Unit 3B,
Blenhiem Road,
Bookham,
Surrey, KT19 9AP,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE PHTM Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
DB PHQ Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BATS-CHIXE PHTMl Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,130
Photo-Me International employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 20:40
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/07/18
Last earnings reported: 2019/04/30
Last annual earnings reported: 2019/04/30


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.