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Scapa Group

DB:48P
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
48P
DB
£253M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Scapa Group plc, together with its subsidiaries, manufactures and sells bonding products and adhesive components for applications in the healthcare and industrial markets in Europe, North America, and Asia. The last earnings update was 39 days ago. More info.


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  • Scapa Group has significant price volatility in the past 3 months.
48P Share Price and Events
7 Day Returns
-2.2%
DB:48P
1%
DE Chemicals
-1.1%
DE Market
1 Year Returns
-60.4%
DB:48P
-19.9%
DE Chemicals
-8.5%
DE Market
48P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Scapa Group (48P) -2.2% -19.3% -57.6% -60.4% - -
DE Chemicals 1% -0.8% -11% -19.9% 2% -5.8%
DE Market -1.1% -0.4% -4% -8.5% 8.1% 9.4%
1 Year Return vs Industry and Market
  • 48P underperformed the Chemicals industry which returned -19.9% over the past year.
  • 48P underperformed the Market in Germany which returned -8.5% over the past year.
Price Volatility
48P
Industry
5yr Volatility vs Market

48P Value

 Is Scapa 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 Scapa 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 Scapa Group.

DB:48P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
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:48P
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.887 (1 + (1- 19%) (26.52%))
1.052
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.052 * 6.65%)
7.23%

Discounted Cash Flow Calculation for DB:48P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Scapa 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:48P DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.23%)
2020 15.40 Analyst x2 14.36
2021 22.05 Analyst x2 19.18
2022 27.00 Analyst x1 21.90
2023 30.84 Est @ 14.21% 23.33
2024 33.92 Est @ 10.01% 23.93
2025 36.32 Est @ 7.08% 23.90
2026 38.15 Est @ 5.02% 23.41
2027 39.52 Est @ 3.58% 22.61
2028 40.53 Est @ 2.58% 21.63
2029 41.29 Est @ 1.87% 20.55
Present value of next 10 years cash flows £214.81
DB:48P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £41.29 × (1 + 0.23%) ÷ (7.23% – 0.23%)
£591.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £591.41 ÷ (1 + 7.23%)10
£294.36
DB:48P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £214.81 + £294.36
£509.17
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £509.17 / 155.18
£3.28
DB:48P Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:48P represents 1.11793x of AIM:SCPA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.11793x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 3.28 x 1.11793
€3.67
Value per share (EUR) From above. €3.67
Current discount Discount to share price of €1.82
= -1 x (€1.82 - €3.67) / €3.67
50.4%

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

Current Discount
Amount off the current price Scapa Group is available for.
Intrinsic value
>50%
Share price is €1.82 vs Future cash flow value of €3.67
Current Discount Checks
For Scapa Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Scapa Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Scapa Group's share price is below the future cash flow value, and 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 Scapa Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Scapa Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:48P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.05
AIM:SCPA Share Price ** AIM (2019-07-19) in GBP £1.63
Germany Chemicals Industry PE Ratio Median Figure of 16 Publicly-Listed Chemicals Companies 19.48x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of Scapa Group.

DB:48P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:SCPA Share Price ÷ EPS (both in GBP)

= 1.63 ÷ 0.05

30.59x

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

  • Scapa Group is overvalued based on earnings compared to the DE Chemicals industry average.
  • Scapa Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Scapa Group's expected growth come at a high price?
Raw Data
DB:48P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
25.1%per year
Germany Chemicals Industry PEG Ratio Median Figure of 13 Publicly-Listed Chemicals Companies 1.5x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:48P PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.59x ÷ 25.1%

1.22x

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

  • Scapa Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Scapa Group's assets?
Raw Data
DB:48P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £0.90
AIM:SCPA Share Price * AIM (2019-07-19) in GBP £1.63
Germany Chemicals Industry PB Ratio Median Figure of 18 Publicly-Listed Chemicals Companies 1.71x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.73x
DB:48P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:SCPA Share Price ÷ Book Value per Share (both in GBP)

= 1.63 ÷ 0.90

1.81x

* Primary Listing of Scapa Group.

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

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

48P Future Performance

 How is Scapa Group expected to perform in the next 1 to 3 years based on estimates from 5 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
25.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Scapa Group expected to grow at an attractive rate?
  • Scapa Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Scapa Group's earnings growth is expected to exceed the Germany market average.
  • Scapa Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:48P Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:48P Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 25.1%
DB:48P Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4%
Germany Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
Germany Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
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:48P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:48P Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 386 1
2022-03-31 345 27 3
2021-03-31 318 40 31 4
2020-03-31 315 37 27 5
DB:48P Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 312 11 8
2018-12-31 299 17 13
2018-09-30 287 24 19
2018-06-30 289 25 21
2018-03-31 292 27 24
2017-12-31 291 27 23
2017-09-30 290 28 22
2017-06-30 285 26 20
2017-03-31 280 25 18
2016-12-31 271 21 14
2016-09-30 263 17 11
2016-06-30 255 15 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Scapa Group's earnings are expected to grow significantly at over 20% yearly.
  • Scapa Group's revenue is expected to grow by 4% 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:48P 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 5 Analyst Estimates (S&P Global) See Below

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

DB:48P Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 0.24 0.24 0.24 1.00
2020-03-31 0.21 0.21 0.21 1.00
DB:48P Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.05
2018-12-31 0.09
2018-09-30 0.12
2018-06-30 0.14
2018-03-31 0.15
2017-12-31 0.15
2017-09-30 0.15
2017-06-30 0.13
2017-03-31 0.12
2016-12-31 0.09
2016-09-30 0.07
2016-06-30 0.06

*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.
  • Unable to establish if Scapa Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Scapa 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.
Scapa Group has a total score of 3/6, 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.

48P Past Performance

  How has Scapa 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 Scapa Group's growth in the last year to its industry (Chemicals).
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.
  • Scapa Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Scapa Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Scapa Group's 1-year earnings growth is negative, it can't be compared to the DE Chemicals industry average.
Earnings and Revenue History
Scapa 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 Scapa Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:48P Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 311.80 8.20 81.10 1.70
2018-12-31 299.20 13.40 80.45 1.30
2018-09-30 286.60 18.60 80.00 3.70
2018-06-30 289.05 21.05 80.10 3.70
2018-03-31 291.50 23.50 80.00 0.90
2017-12-31 290.65 22.95 82.00 2.30
2017-09-30 289.80 22.40 84.00 3.70
2017-06-30 284.70 20.00 84.05 3.70
2017-03-31 279.60 17.60 84.10 3.70
2016-12-31 271.20 14.15 80.15 3.35
2016-09-30 262.80 10.70 76.20 3.00
2016-06-30 254.75 8.40 76.60 3.00
2016-03-31 246.70 6.10 77.00 3.00
2015-12-31 243.65 6.85 74.45 2.90
2015-09-30 240.60 7.60 71.90 2.80
2015-06-30 238.30 8.55 72.05 2.80
2015-03-31 236.00 9.50 72.20 2.80
2014-12-31 232.60 1.90 71.15 2.65
2014-09-30 229.20 -5.70 70.10 2.50
2014-06-30 227.65 -6.20 70.00 2.50
2014-03-31 226.10 -6.70 69.90 2.50
2013-12-31 221.65 -2.45 68.05 2.35
2013-09-30 217.20 1.80 66.20 2.20
2013-06-30 213.00 1.50 66.15 2.20
2013-03-31 208.80 1.20 66.10 2.20
2012-12-31 204.50 4.05 63.90 2.30
2012-09-30 200.20 5.70 62.70 2.40

*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.
  • Scapa Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Scapa Group used its assets less efficiently than the DE Chemicals industry average last year based on Return on Assets.
  • Scapa Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Scapa 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 Chemicals 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.
Scapa Group 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.

48P Health

 How is Scapa 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 Scapa Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Scapa Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Scapa Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Scapa 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 1.9x 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 Scapa Group Company Filings, last reported 3 months ago.

DB:48P Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 139.40 54.80 10.80
2018-12-31 139.40 54.80 10.80
2018-09-30 138.40 18.60 12.80
2018-06-30 138.40 18.60 12.80
2018-03-31 118.90 22.30 18.10
2017-12-31 118.90 22.30 18.10
2017-09-30 111.10 26.20 23.00
2017-06-30 111.10 26.20 23.00
2017-03-31 100.40 28.00 12.10
2016-12-31 100.40 28.00 12.10
2016-09-30 80.90 41.40 12.40
2016-06-30 80.90 41.40 12.40
2016-03-31 77.70 21.00 18.70
2015-12-31 77.70 21.00 18.70
2015-09-30 65.70 22.70 15.90
2015-06-30 65.70 22.70 15.90
2015-03-31 61.80 19.80 16.70
2014-12-31 61.80 19.80 16.70
2014-09-30 52.90 11.50 13.10
2014-06-30 52.90 11.50 13.10
2014-03-31 47.70 8.10 13.60
2013-12-31 47.70 8.10 13.60
2013-09-30 64.30 8.80 12.70
2013-06-30 64.30 8.80 12.70
2013-03-31 65.60 10.30 12.60
2012-12-31 61.80 10.30 12.60
2012-09-30 55.80 6.50 15.20
  • Scapa Group'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 (17.5% vs 48.1% today).
  • Debt is not well covered by operating cash flow (16.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.9x coverage).
X
Financial health checks
We assess Scapa 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. Scapa Group has a total score of 3/6, 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.

48P Dividends

 What is Scapa 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
1.78%
Current annual income from Scapa Group dividends. Estimated to be 1.84% next year.
If you bought €2,000 of Scapa Group shares you are expected to receive €36 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?
  • Scapa Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.49%).
  • Scapa Group's dividend is below the markets top 25% of dividend payers in Germany (3.92%).
Upcoming dividend payment

Purchase Scapa Group 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:48P 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 5 Analyst Estimates (S&P Global) See Below
Germany Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.7%
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:48P Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 0.04 1.00
2022-03-31 0.03 3.00
2021-03-31 0.03 5.00
2020-03-31 0.03 5.00
DB:48P Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-06-10 0.029 1.580
2018-06-12 0.024 0.675
2018-05-22 0.024 0.558
2017-05-23 0.020 0.432
2016-06-14 0.018 0.576
2016-05-24 0.018 0.643
2015-06-17 0.015 0.737
2015-05-27 0.015 0.770
2014-06-17 0.010 0.727
2014-05-28 0.010 0.763
2013-05-29 0.005 0.506
2009-11-19 0.000 0.000
2009-05-28 0.000 0.000
2009-03-31 0.000 0.000

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

  • Whilst dividend payments have been stable, Scapa Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Scapa Group only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Scapa Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (6.9x coverage).
X
Income/ dividend checks
We assess Scapa 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 Scapa Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Scapa Group has a total score of 3/6, see the detailed checks below.


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

48P Management

 What is the CEO of Scapa 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
Heejae Chae
COMPENSATION £1,234,721
AGE 50
TENURE AS CEO 9.7 years
CEO Bio

Mr. Heejae Richard Chae has been the Chief Executive Officer of Scapa Group plc since November 18, 2009. He is a Non-executive Director at IP Group Plc since May 3, 2018. He also serves on the Board of Overseers at Boston Children’s Hospital. Mr. Chae serves as a Director of Caspian RF Systems. Mr. Chae had been an Executive Director of Scapa Group plc since September 7, 2009 until June 2019. Mr. Chae served as Chief Operating Officer of Volex Group PLC and served as its Group Chief Executive Officer from May 2006 to March 2009. He was previously worldwide Group General Manager of the Radio Frequency Group of Amphenol. He also spent eight years in private equity and investment banking with The Blackstone Group and Credit Suisse First Boston. Mr. Chae served as an Executive Director of Volex Group PLC from June 30, 2005 to March 2009. He has an MBA degree from Harvard Business School and an Economics and Engineering degree from Columbia University.

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

Average tenure and age of the Scapa Group management team in years:

1.3
Average Tenure
54
Average Age
  • The average tenure for the Scapa Group management team is less than 2 years, this suggests a new team.
Management Team

Heejae Chae

TITLE
Group Chief Executive Officer
COMPENSATION
£1M
AGE
50
TENURE
9.7 yrs

Sevan Demirdogen

TITLE
President
COMPENSATION
£390K
AGE
58
TENURE
1.3 yrs

Oskar Zahn

TITLE
CFO & Director
COMPENSATION
£279K
AGE
55
TENURE
0.8 yrs

Joe Doherty

TITLE
President of Healthcare & Executive Director
COMPENSATION
£99K
AGE
53
TENURE
0.5 yrs

Wendy Baker

TITLE
Group General Counsel & Company Secretary

Sayoung Jung

TITLE
Managing Director of Global Corporate Development & Strategy
TENURE
5.1 yrs
Board of Directors Tenure

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

1
Average Tenure
56
Average Age
  • The average tenure for the Scapa Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Larry Pentz

TITLE
Non-Executive Chairman
COMPENSATION
£125K
AGE
64
TENURE
2.3 yrs

Sevan Demirdogen

TITLE
President
COMPENSATION
£390K
AGE
58
TENURE
0.5 yrs

Oskar Zahn

TITLE
CFO & Director
COMPENSATION
£279K
AGE
55
TENURE
0.8 yrs

Joe Doherty

TITLE
President of Healthcare & Executive Director
COMPENSATION
£99K
AGE
53
TENURE
0.5 yrs

David Blackwood

TITLE
Senior Independent Director
COMPENSATION
£48K
AGE
60
TENURE
1 yrs

Pierre Roger Guyot

TITLE
Independent Non-Executive Director
COMPENSATION
£42K
AGE
55
TENURE
1.5 yrs

Brendan McAtamney

TITLE
Independent Non-Executive Director
COMPENSATION
£42K
AGE
56
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Scapa Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Jun 19 Buy Sevan Demirdogen Individual 14. Jun 19 14. Jun 19 5,000 €2.36 €11,794
14. Jun 19 Buy Pierre Roger Guyot Individual 13. Jun 19 13. Jun 19 15,000 €2.24 €33,617
12. Jun 19 Buy Oskar Zahn Individual 11. Jun 19 11. Jun 19 8,300 €2.02 €16,794
12. Jun 19 Buy Lawrence Pentz Individual 11. Jun 19 11. Jun 19 17,000 €2.05 €34,857
06. Mar 19 Buy Heejae Chae Individual 06. Mar 19 06. Mar 19 16,552 €3.51 €58,046
12. Feb 19 Sell Heejae Chae Individual 12. Feb 19 12. Feb 19 -200,000 €3.79 €-758,727
08. Feb 19 Sell Heejae Chae Individual 08. Feb 19 08. Feb 19 -75,179 €3.74 €-281,377
23. Nov 18 Buy Brendan McAtamney Individual 22. Nov 18 22. Nov 18 14,150 €3.58 €50,629
23. Nov 18 Buy Oskar Zahn Individual 22. Nov 18 22. Nov 18 1,000 €3.60 €3,601
23. Nov 18 Buy Pierre Roger Guyot Individual 22. Nov 18 22. Nov 18 15,000 €0.36 €5,462
23. Nov 18 Buy Martin Sawkins Individual 22. Nov 18 22. Nov 18 6,500 €3.54 €23,027
21. Nov 18 Buy Sevan Demirdogen Individual 20. Nov 18 20. Nov 18 5,000 €3.47 €17,340
X
Management checks
We assess Scapa 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. Scapa 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.

48P News

Simply Wall St News

48P Company Info

Description

Scapa Group plc, together with its subsidiaries, manufactures and sells bonding products and adhesive components for applications in the healthcare and industrial markets in Europe, North America, and Asia. It offers aluminum foil, acrylic foam, barnier system, cable wrapping, cloth, double sided and transfer, double and single sided foam, foam plate mounting, heatseal, packaging, paper masking, PIB sheeting, polyethylene, PVC, self-amalgamating, and specialist film tapes, as well as resins and putties. Scapa Group plc was founded in 1927 and is headquartered in Ashton-Under-Lyne, the United Kingdom.

Details
Name: Scapa Group plc
48P
Exchange: DB
Founded: 1927
£281,061,717
155,184,293
Website: http://www.scapa.com
Address: Scapa Group plc
Manchester Road,
Ashton-Under-Lyne,
Greater Manchester, OL7 0ED,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM SCPA Ordinary Shares London Stock Exchange AIM Market GB GBP 31. Jul 1989
OTCPK SXGA.F Ordinary Shares Pink Sheets LLC US USD 31. Jul 1989
DB 48P Ordinary Shares Deutsche Boerse AG DE EUR 31. Jul 1989
Number of employees
Current staff
Staff numbers
1,619
Scapa Group employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 22:22
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/11
Last earnings filing: 2019/06/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.