TCM Group
Market Cap
ø1.0b
Last Updated
2019/10/15 21:56 UTC
Data Sources
Company Financials +
Executive Summary
TCM Group A/S manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and internationally.
Snowflake
Fundamentals
Outstanding track record and good value.
Share Price & News
How has TCM Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.5%
TCM
6.4%
DK Consumer Durables
2.0%
DK Market
1 Year Return
-2.2%
TCM
5.3%
DK Consumer Durables
13.3%
DK Market
Return vs Industry: TCM underperformed the Danish Consumer Durables industry which returned 5.3% over the past year.
Return vs Market: TCM underperformed the Danish Market which returned 13.3% over the past year.
Shareholder returns
| TCM | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 6.4% | 2.0% |
| 30 Day | -10.3% | 0.8% | 0.5% |
| 90 Day | -11.8% | 3.4% | 2.0% |
| 1 Year | 2.3%-2.2% | 11.8%5.3% | 16.8%13.3% |
| 3 Year | n/a | 35.1%16.6% | 37.9%26.3% |
| 5 Year | n/a | 93.9%53.9% | 74.3%49.2% |
Price Volatility Vs. Market
How volatile is TCM Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Kind Of Shareholder Appears On The TCM Group A/S's (CPH:TCM) Shareholder Register?4 weeks ago | Simply Wall St
Here's How P/E Ratios Can Help Us Understand TCM Group A/S (CPH:TCM)1 month ago | Simply Wall St
Can TCM Group A/S's (CPH:TCM) ROE Continue To Surpass The Industry Average?Valuation
Is TCM Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: TCM (DKK104.5) is trading below our estimate of fair value (DKK273.52)
Significantly Undervalued: TCM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TCM is good value based on its PE Ratio (9.3x) compared to the Consumer Durables industry average (12x).
PE vs Market: TCM is good value based on its PE Ratio (9.3x) compared to the Danish market (15.1x).
Price to Earnings Growth Ratio
Low PEG Ratio: TCM is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: TCM is overvalued based on its PB Ratio (2.5x) compared to the XE Consumer Durables industry average (1.4x).
Next Steps
Future Growth
How is TCM Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
6.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCM's forecast earnings growth (6% per year) is above the savings rate (0.2%).
Earnings vs Market: TCM's earnings (6% per year) are forecast to grow slower than the Danish market (11.9% per year).
High Growth Earnings: TCM's earnings are forecast to grow, but not significantly.
Revenue vs Market: TCM's revenue (4.7% per year) is forecast to grow slower than the Danish market (7.1% per year).
High Growth Revenue: TCM's revenue (4.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: TCM's Return on Equity is forecast to be high in 3 years time (27.2%)
Next Steps
Past Performance
How has TCM Group performed over the past 5 years?
28.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: TCM's earnings have grown significantly by 28.9% per year over the past 5 years.
Accelerating Growth: TCM's earnings growth over the past year (78.4%) exceeds its 5-year average (28.9% per year).
Earnings vs Industry: TCM earnings growth over the past year (78.4%) exceeded the Consumer Durables industry -0.05%.
Return on Equity
High ROE: TCM's Return on Equity (26.9%) is considered high.
Return on Assets
ROA vs Industry: TCM has a higher Return on Assets than the Consumer Durables industry average last year.
Return on Capital Employed
ROCE Improving: TCM has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is TCM Group's financial position?
Financial Position Analysis
Short Term Liabilities: TCM's short term assets (DKK233.9M) do not cover its short term liabilities (DKK236.0M)
Long Term Liabilities: TCM's short term assets (233.9M) do not cover its long term liabilities (243.9M)
Debt to Equity History and Analysis
Debt Level: TCM's debt to equity ratio (42.4%) is considered high
Reducing Debt: TCM's debt to equity ratio has reduced from 74.2% to 42.4% over the past 5 years.
Debt Coverage: TCM's debt is well covered by operating cash flow (84%).
Interest Coverage: TCM's interest payments on its debt are well covered by EBIT (30.7x coverage).
Balance Sheet
Inventory Level: TCM has a low level of unsold assets or inventory.
Debt Coverage by Assets: TCM's debt is covered by short term assets (assets are 1.322960x debt).
Next Steps
Dividend
What is TCM Group's current dividend yield, its reliability and sustainability?
4.55%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: TCM's dividend (4.55%) is higher than the bottom 25% of dividend payers in the Danish market (1.64%).
High Dividend: TCM's dividend (4.55%) is low compared to the top 25% of dividend payers in the Danish market (5.07%).
Stable Dividend: Too early to tell whether TCM's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if TCM's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.4%), TCM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TCM's dividends in 3 years are forecast to be covered by earnings (55.7% payout ratio).
Next Steps
Management
What is the CEO of TCM Group's salary, the management and board of directors tenure and is there insider trading?
1.4yrs
Average board tenure
CEO
Ole Andersen 0
11.8yrs
Tenure
Mr. Ole Lund Andersen has been the Chief Executive Officer of TCM Group A/S. since 2008 Mr. Andersen served as the Chief Executive Officer and President of Tvilum Aps from 2002 to 2007. Mr. Andersen holds ...
Board Age and Tenure
1.4yrs
Average Tenure
53yo
Average Age
Experienced Board: TCM's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Ole Andersen
Chief Executive Officer
- Tenure: 11.8yrs
Mogens Pedersen (44yo)
Chief Financial Officer
- Tenure: 4.8yrs
Board Members
Carsten Bjerg (60yo)
Independent Director
- Tenure: 1.5yrs
Sanna Suvanto-Harsaae (53yo)
Independent Chairman of the Board
- Tenure: 0yrs
Anders Skole-Sørensen (57yo)
Independent Vice Chairman
- Tenure: 1.3yrs
Danny Espersen (51yo)
Independent Director
- Tenure: 0.5yrs
Søren Eskildsen (47yo)
Independent Director
- Tenure: 1.5yrs
Company Information
TCM Group A/S's company bio, employee growth, exchange listings and data sources
Key Information
- Name: TCM Group A/S
- Ticker: TCM
- Exchange: CPSE
- Founded: 2015
- Industry: Home Furnishings
- Sector: Consumer Durables
- Market Cap: ø1.045b
- Shares outstanding: 10.00m
- Website: https://www.tcmgroup.dk
Number of Employees
Location
- TCM Group A/S
- Skautrupvej 16
- Tvis
- Holstebro
- Central Denmark Region
- 7500
- Denmark
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TCM | CPSE (OMX Nordic Exchange Copenhagen) | Yes | Share Capital | DK | DKK | Nov 2017 |
| TCMC | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Share Capital | GB | DKK | Nov 2017 |
| 0CUN | LSE (London Stock Exchange) | Yes | Share Capital | GB | DKK | Nov 2017 |
Biography
TCM Group A/S manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and internationally. Its products include drawers, cabinets, fronts, table tops, handles, and oth ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/15 21:56 |
| End of Day Share Price | 2019/10/15 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.