ENXTPA:TKTT

Stock Analysis Report

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Executive Summary

Tarkett S.A., a flooring company, provides flooring and sports surface solutions to business and residential end- users worldwide.


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Tarkett's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TKTT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.6%

TKTT

3.7%

FR Building

2.3%

FR Market


1 Year Return

-18.6%

TKTT

2.8%

FR Building

-2.9%

FR Market

Return vs Industry: TKTT underperformed the French Building industry which returned 1.7% over the past year.

Return vs Market: TKTT underperformed the French Market which returned -4.3% over the past year.


Shareholder returns

TKTTIndustryMarket
7 Day3.6%3.7%2.3%
30 Day11.7%6.3%0.2%
90 Day24.2%39.9%13.5%
1 Year-18.6%-18.6%2.9%2.8%-0.9%-2.9%
3 Year-68.3%-70.0%-23.8%-29.0%11.6%2.0%
5 Year-42.9%-47.6%-7.6%-18.5%27.4%9.8%

Price Volatility Vs. Market

How volatile is Tarkett's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tarkett undervalued compared to its fair value and its price relative to the market?

0.93x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TKTT (€10.79) is trading above our estimate of fair value (€9.99)

Significantly Below Fair Value: TKTT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TKTT is unprofitable, so we can't compare its PE Ratio to the FR Building industry average.

PE vs Market: TKTT is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TKTT's PB Ratio (0.9x) is in line with the FR Building industry average.


Next Steps

Future Growth

How is Tarkett forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

78.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TKTT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.6%).

Earnings vs Market: TKTT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TKTT's is expected to become profitable in the next 3 years.

Revenue vs Market: TKTT's revenue (3% per year) is forecast to grow slower than the French market (6.4% per year).

High Growth Revenue: TKTT's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TKTT's Return on Equity is forecast to be low in 3 years time (6.4%).


Next Steps

  • Explore growth companies in the Capital Goods industry.

Past Performance

How has Tarkett performed over the past 5 years?

-28.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TKTT is currently unprofitable.

Growing Profit Margin: TKTT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TKTT is unprofitable, and losses have increased over the past 5 years at a rate of 28% per year.

Accelerating Growth: Unable to compare TKTT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TKTT is unprofitable, making it difficult to compare its past year earnings growth to the Building industry (7%).


Return on Equity

High ROE: TKTT has a negative Return on Equity (-4.43%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tarkett's financial position?


Financial Position Analysis

Short Term Liabilities: TKTT's short term assets (€1.1B) exceed its short term liabilities (€683.5M).

Long Term Liabilities: TKTT's short term assets (€1.1B) do not cover its long term liabilities (€1.1B).


Debt to Equity History and Analysis

Debt Level: TKTT's debt to equity ratio (117.6%) is considered high.

Reducing Debt: TKTT's debt to equity ratio has increased from 99.1% to 117.6% over the past 5 years.

Debt Coverage: TKTT's debt is well covered by operating cash flow (27.4%).

Interest Coverage: TKTT is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Tarkett current dividend yield, its reliability and sustainability?

1.91%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: TKTT is not paying a notable dividend for the French market.


Future Payout to Shareholders

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


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Fabrice Barthélemy (52 yo)

1.92yrs

Tenure

€1,027,941

Compensation

Mr. Fabrice Barthélemy has been Chairman of Management Board and Chief Executive Officer at Tarkett SAS since January 14, 2019 and served as Acting President of EMEA & Latin America division since January ...


CEO Compensation Analysis

Compensation vs Market: Fabrice's total compensation ($USD0.00) is below average for companies of similar size in the French market ($USD802.70K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Fabrice Barthélemy
Chairman of Management Board & CEO1.92yrs€1.03m0.023%
€ 163.1k
Raphaël Bauer
Group CFO & Member of the Management Board3.5yrsno datano data
Carine Vinardi
Group R&D and Executive VP of Operations0.083yrno datano data
Alexandra Boucheron
Investor Relations Directorno datano datano data
Audrey Dauvet
Group General Counsel0.083yrno datano data
Séverine Grosjean
Executive Vice President of Group Human Resources & Communications0.58yrno datano data
Pierre Barrard
Executive Vice President of Strategic Marketing2.08yrsno datano data
Eric Daliere
President of Tarkett North America & Tarkett Sports10.83yrsno datano data
Slavoljub Martinovic
President of Tarkett Eastern Europe Division7.58yrsno datano data
Paul Cleary
President of Hospitality Business for North America1.83yrsno datano data
Jeff Fenwick
Chief Executive Officer of Tarkett North America1.42yrsno datano data
Francesco Penne
President of EMEA & LATAM Division0.83yrno datano data

1.8yrs

Average Tenure

52.5yo

Average Age

Experienced Management: TKTT's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Agnes Touraine
Member of the Supervisory Board3.67yrs€40.00k0.0012%
€ 8.7k
Guylaine Saucier
Independent Member of the Supervisory Board5.08yrs€55.00k0.0015%
€ 10.8k
Francoise Leroy
Independent Member of the Supervisory Board6.75yrs€60.00k0.0015%
€ 10.8k
Didier Deconinck
Vice-Chairman of the Supervisory Board2.33yrs€52.95k0.0015%
€ 10.8k
Bernard-André Deconinck
Observer of the Supervisory Board2.58yrs€11.12k0.017%
€ 118.7k
Didier Michaud-Daniel
Independent Member of Supervisory Board1.33yrsno datano data
Sabine Roux de Bézieux
Independent Member of Supervisory Board3.33yrs€40.00k0.0015%
€ 10.8k
Éric La Bonnardière
Chairman of Supervisory Board2.33yrs€63.64k0.027%
€ 187.2k
Julien Deconinck
Member of Supervisory Board2.58yrs€27.29k0.0015%
€ 10.8k
Nicolas Deconinck
Observer of the Supervisory Board5.33yrsno data0.0080%
€ 56.7k
Jean-Hubert Guillot
Member of the Supervisory Board0.83yrno datano data

2.6yrs

Average Tenure

63.5yo

Average Age

Experienced Board: TKTT's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Tarkett S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tarkett S.A.
  • Ticker: TKTT
  • Exchange: ENXTPA
  • Founded: 1886
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: €703.839m
  • Shares outstanding: 65.23m
  • Website: https://www.tarkett.com

Number of Employees


Location

  • Tarkett S.A.
  • 1 Terrasse Bellini
  • Tour Initiale
  • Paris
  • Ile-de-France
  • 92919
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TKTTENXTPA (Euronext Paris)YesCommon StockFREURNov 2013
1T9DB (Deutsche Boerse AG)YesCommon StockDEEURNov 2013
TKTTPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURNov 2013
0QSALSE (London Stock Exchange)YesCommon StockGBEURNov 2013
TKFT.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2013
TKTT NBMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNNov 2013

Biography

Tarkett S.A., a flooring company, provides flooring and sports surface solutions to business and residential end- users worldwide. The company’s products include resilient flooring products, including hete ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 21:58
End of Day Share Price2020/08/11 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.