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Hollywood Bowl Group

DB:2H4
Snowflake Description

Solid track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2H4
DB
£351M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Hollywood Bowl Group plc operates ten-pin bowling centers under the Hollywood Bowl and AMF brands in the United Kingdom. The last earnings update was 23 days ago. More info.


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2H4 Share Price and Events
7 Day Returns
-1.5%
DB:2H4
0.1%
DE Hospitality
-3.6%
DE Market
1 Year Returns
0.4%
DB:2H4
-52.1%
DE Hospitality
-11.8%
DE Market
2H4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hollywood Bowl Group (2H4) -1.5% -3.4% 1.2% 0.4% - -
DE Hospitality 0.1% -9.6% -10.1% -52.1% -29% -25.2%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • 2H4 outperformed the Hospitality industry which returned -52.1% over the past year.
  • 2H4 outperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
2H4
Industry
5yr Volatility vs Market

2H4 Value

 Is Hollywood Bowl Group 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 Hollywood Bowl Group 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 Hollywood Bowl Group.

DB:2H4 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 6.8%
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:2H4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 19%) (7.82%))
0.986
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.986 * 6.65%)
6.78%

Discounted Cash Flow Calculation for DB:2H4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hollywood Bowl Group 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:2H4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.78%)
2019 16.15 Analyst x3 15.13
2020 19.09 Analyst x3 16.74
2021 20.98 Analyst x3 17.23
2022 20.80 Analyst x1 16.00
2023 22.70 Analyst x1 16.35
2024 23.53 Est @ 3.64% 15.87
2025 24.14 Est @ 2.61% 15.25
2026 24.60 Est @ 1.9% 14.55
2027 24.94 Est @ 1.4% 13.82
2028 25.20 Est @ 1.05% 13.07
Present value of next 10 years cash flows £154.00
DB:2H4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £25.20 × (1 + 0.23%) ÷ (6.78% – 0.23%)
£385.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £385.29 ÷ (1 + 6.78%)10
£199.85
DB:2H4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £154.00 + £199.85
£353.85
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £353.85 / 150.00
£2.36
DB:2H4 Discount to Share Price
Calculation Result
Value per share (EUR) From above. €2.58
Current discount Discount to share price of €2.56
= -1 x (€2.56 - €2.58) / €2.58
0.8%

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

Current Discount
Amount off the current price Hollywood Bowl Group is available for.
Intrinsic value
1%
Share price is €2.56 vs Future cash flow value of €2.58
Current Discount Checks
For Hollywood Bowl Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hollywood Bowl Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Hollywood Bowl Group'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 Hollywood Bowl Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hollywood Bowl Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2H4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.14
LSE:BOWL Share Price ** LSE (2019-06-14) in GBP £2.34
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.98x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

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

** Primary Listing of Hollywood Bowl Group.

DB:2H4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2.34 ÷ 0.14

17.22x

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

  • Hollywood Bowl Group is good value based on earnings compared to the DE Hospitality industry average.
  • Hollywood Bowl Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hollywood Bowl Group's expected growth come at a high price?
Raw Data
DB:2H4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
6.1%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.31x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:2H4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.22x ÷ 6.1%

2.81x

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

  • Hollywood Bowl Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hollywood Bowl Group's assets?
Raw Data
DB:2H4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £0.64
LSE:BOWL Share Price * LSE (2019-06-14) in GBP £2.34
Germany Hospitality Industry PB Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 2.06x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:2H4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.34 ÷ 0.64

3.67x

* Primary Listing of Hollywood Bowl Group.

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

  • Hollywood Bowl Group is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Hollywood Bowl Group'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Hollywood Bowl Group 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.

2H4 Future Performance

 How is Hollywood Bowl Group 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
6.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hollywood Bowl Group expected to grow at an attractive rate?
  • Hollywood Bowl Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hollywood Bowl Group's earnings growth is positive but not above the Germany market average.
  • Hollywood Bowl Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2H4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2H4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 6.1%
DB:2H4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.8%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:2H4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2H4 Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 155 1
2022-09-30 148 25 1
2021-09-30 141 36 24 7
2020-09-30 135 34 22 7
2019-09-30 129 31 21 5
DB:2H4 Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 124 31 20
2018-12-31 122 31 20
2018-09-30 121 31 19
2018-06-30 120 31 19
2018-03-31 119 32 20
2017-12-31 117 31 19
2017-09-30 114 29 18
2017-06-30 111 12
2017-03-31 108 22 6
2016-12-31 106 24 4
2016-09-30 105 25 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hollywood Bowl Group's earnings are expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
  • Hollywood Bowl Group's revenue is expected to grow by 4.8% 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:2H4 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 7 Analyst Estimates (S&P Global) See Below

All data from Hollywood Bowl Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2H4 Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 0.16 0.16 0.16 4.00
2020-09-30 0.15 0.15 0.15 4.00
2019-09-30 0.14 0.14 0.14 3.00
DB:2H4 Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.14
2018-12-31 0.13
2018-09-30 0.13
2018-06-30 0.13
2018-03-31 0.13
2017-12-31 0.13
2017-09-30 0.12
2017-06-30 0.09
2017-03-31 0.05
2016-12-31 0.03
2016-09-30 0.01

*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.
  • Hollywood Bowl Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Hollywood Bowl Group'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.
Hollywood Bowl Group 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.

2H4 Past Performance

  How has Hollywood Bowl Group 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 Hollywood Bowl Group's growth in the last year to its industry (Hospitality).
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.
  • Hollywood Bowl Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Hollywood Bowl Group's 1-year earnings growth is less than its 5-year average (1.6% vs 38.3%)
  • Hollywood Bowl Group's earnings growth has exceeded the DE Hospitality industry average in the past year (1.6% vs -2.6%).
Earnings and Revenue History
Hollywood Bowl Group'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 Hollywood Bowl Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2H4 Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 123.90 20.39 68.52
2018-12-31 122.22 19.59 68.08
2018-09-30 120.55 18.78 67.64
2018-06-30 119.96 19.42 67.65
2018-03-31 119.38 20.07 67.66
2017-12-31 116.67 19.16 66.45
2017-09-30 113.97 18.26 65.25
2017-06-30 111.02 12.24 67.64
2017-03-31 108.07 6.21 70.04
2016-12-31 106.43 3.70 65.43
2016-09-30 104.80 1.19 60.82
2015-09-30 84.62 3.59 58.05
2014-09-30 78.73 5.13 48.24
2013-09-30 70.15 1.59 45.53
2012-09-30 68.18 1.71 44.55

*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.
  • Hollywood Bowl Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Hollywood Bowl Group used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Hollywood Bowl Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hollywood Bowl Group'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 Hospitality 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.
Hollywood Bowl Group has a total score of 5/6, 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.

2H4 Health

 How is Hollywood Bowl Group'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 Hollywood Bowl Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hollywood Bowl Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hollywood Bowl Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hollywood Bowl Group'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 1.1x 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 Hollywood Bowl Group Company Filings, last reported 2 months ago.

DB:2H4 Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 95.74 27.45 22.46
2018-12-31 95.74 27.45 22.46
2018-09-30 94.94 28.14 26.04
2018-06-30 94.94 28.14 26.04
2018-03-31 90.76 28.83 22.03
2017-12-31 90.76 28.83 22.03
2017-09-30 89.76 29.52 21.89
2017-06-30 89.76 29.52 21.89
2017-03-31 84.05 29.49 16.54
2016-12-31 84.05 29.49 16.54
2016-09-30 74.36 29.46 9.22
2015-09-30 -0.29 93.43 14.70
2014-09-30 14.57 0.00 3.97
2013-09-30 9.44 0.00 10.98
2012-09-30 7.86 0.00 9.11
  • Hollywood Bowl Group's level of debt (28.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 28.7% today).
  • Debt is well covered by operating cash flow (114.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 34.1x coverage).
X
Financial health checks
We assess Hollywood Bowl Group'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. Hollywood Bowl Group 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.

2H4 Dividends

 What is Hollywood Bowl Group'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
4.63%
Current annual income from Hollywood Bowl Group dividends. Estimated to be 3.53% next year.
If you bought €2,000 of Hollywood Bowl Group shares you are expected to receive €93 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?
  • Hollywood Bowl Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Hollywood Bowl Group's dividend is above the markets top 25% of dividend payers in Germany (3.91%).
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:2H4 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 Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:2H4 Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30 0.08 1.00
2021-09-30 0.09 7.00
2020-09-30 0.08 7.00
2019-09-30 0.08 5.00
DB:2H4 Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-05-23 0.108 4.642
2019-01-31 0.106 4.702
2018-01-30 0.058 2.722
2017-05-24 0.036 2.017
2017-01-04 0.002 0.114
2016-12-13 0.002 0.112

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

  • Whilst dividend payments have been stable, Hollywood Bowl Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hollywood Bowl Group only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Hollywood Bowl Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Hollywood Bowl Group'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 Hollywood Bowl Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hollywood Bowl Group 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.

2H4 Management

 What is the CEO of Hollywood Bowl Group'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
Steve Burns
COMPENSATION £536,100
TENURE AS CEO 5.4 years
CEO Bio

Mr. Stephen Burns, also known as Steve, has been Chief Executive Officer of Hollywood Bowl Group Plc since 2014. Mr. Burns serves as Chief Executive Officer at the Original Bowling Company Limited. Mr. Burns joined Hollywood Bowl as Business Development Director in 2011 and served as its Managing Director in 2012. Previously, he worked within the Health and Fitness industry, holding various roles within Cannons Health and Fitness Limited since 1999, becoming Sales and Client Retention Director since 2007 upon the successful acquisition of Cannons Health and Fitness Ltd by Nuffield Health and then becoming Regional Director in 2009. In 2011 he was appointed to the operating board of MWB Business Exchange, a public company specializing in serviced offices, meeting and conference rooms and virtual offices, looking after the CEC and outer London brands. Mr. Burns was appointed as Chairman as Club Company Limited in June 2018. He has been Non-Independent Director of Hollywood Bowl Group Plc since June 14, 2016.

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

Steve Burns

TITLE
CEO & Non-Independent Director
COMPENSATION
£536K
TENURE
5.4 yrs

Laurence Keen

TITLE
CFO & Non-Independent Director
COMPENSATION
£357K

Mat Hart

TITLE
Chief Marketing & Technology Officer
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Hollywood Bowl Group board of directors in years:

3
Average Tenure
54
Average Age
  • The tenure for the Hollywood Bowl Group board of directors is about average.
Board of Directors

Peter Boddy

TITLE
Non-Executive Chairman
COMPENSATION
£102K
AGE
53
TENURE
5.4 yrs

Steve Burns

TITLE
CEO & Non-Independent Director
COMPENSATION
£536K
TENURE
3 yrs

Laurence Keen

TITLE
CFO & Non-Independent Director
COMPENSATION
£357K
TENURE
3 yrs

Nick Backhouse

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£51K
AGE
54
TENURE
3 yrs

Claire Tiney

TITLE
Independent Non-Executive Director
COMPENSATION
£46K
AGE
57
TENURE
3 yrs

Ivan Schofield

TITLE
Independent Non-Executive Director
COMPENSATION
£45K
TENURE
1.7 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 (€)
14. Sep 18 Buy Laurence Keen Individual 14. Sep 18 14. Sep 18 2,352 €2.38 €5,606
X
Management checks
We assess Hollywood Bowl Group'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. Hollywood Bowl Group 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.

2H4 News

Simply Wall St News

2H4 Company Info

Description

Hollywood Bowl Group plc operates ten-pin bowling centers under the Hollywood Bowl and AMF brands in the United Kingdom. As of September 30, 2018, it operated approximately 50 Hollywood Bowl centers and 8 AMF centers. The company is headquartered in Hemel Hempstead, the United Kingdom.

Details
Name: Hollywood Bowl Group plc
2H4
Exchange: DB
Founded:
£394,257,245
150,000,000
Website: http://www.hollywoodbowlgroup.com
Address: Hollywood Bowl Group plc
Focus 31,
West Wing,
Hemel Hempstead,
Hertfordshire, HP2 7BW,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE BOWL Ordinary Shares London Stock Exchange GB GBP 21. Sep 2016
DB 2H4 Ordinary Shares Deutsche Boerse AG DE EUR 21. Sep 2016
BATS-CHIXE BOWLL Ordinary Shares BATS 'Chi-X Europe' GB GBP 21. Sep 2016
Number of employees
Current staff
Staff numbers
1,921
Hollywood Bowl Group employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 22:29
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/03
Last earnings filing: 2019/05/23
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.