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Tarkett

ENXTPA:TKTT
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TKTT
ENXTPA
€1B
Market Cap
  1. Home
  2. FR
  3. Capital Goods
Company description

Tarkett S.A., a flooring company, provides flooring and sports surface solutions to business and residential end- users worldwide. The last earnings update was 163 days ago. More info.


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TKTT Share Price and Events
7 Day Returns
-4.2%
ENXTPA:TKTT
0.9%
FR Building
-0.2%
FR Market
1 Year Returns
-13%
ENXTPA:TKTT
-8.6%
FR Building
2.8%
FR Market
TKTT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tarkett (TKTT) -4.2% -11% -7.1% -13% -35.1% -25%
FR Building 0.9% -1.8% -6.8% -8.6% -7.1% -6.8%
FR Market -0.2% 0.7% -0.2% 2.8% 33.2% 37.7%
1 Year Return vs Industry and Market
  • TKTT underperformed the Building industry which returned -8.6% over the past year.
  • TKTT underperformed the Market in France which returned 2.8% over the past year.
Price Volatility
TKTT
Industry
5yr Volatility vs Market

TKTT Value

 Is Tarkett 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 Tarkett 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 Tarkett.

ENXTPA:TKTT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

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 ENXTPA:TKTT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Building Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.131 (1 + (1- 33%) (67.39%))
1.43
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.43 * 6.65%)
10.24%

Discounted Cash Flow Calculation for ENXTPA:TKTT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tarkett 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.

ENXTPA:TKTT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.24%)
2020 97.23 Analyst x7 88.20
2021 125.00 Analyst x4 102.86
2022 142.63 Est @ 14.11% 106.46
2023 157.03 Est @ 10.1% 106.32
2024 168.48 Est @ 7.29% 103.47
2025 177.44 Est @ 5.32% 98.86
2026 184.44 Est @ 3.94% 93.21
2027 189.94 Est @ 2.98% 87.07
2028 194.32 Est @ 2.31% 80.81
2029 197.88 Est @ 1.83% 74.64
Present value of next 10 years cash flows €941.90
ENXTPA:TKTT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €197.88 × (1 + 0.73%) ÷ (10.24% – 0.73%)
€2,096.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,096.59 ÷ (1 + 10.24%)10
€790.87
ENXTPA:TKTT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €941.90 + €790.87
€1,732.77
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,732.77 / 65.23
€26.56
ENXTPA:TKTT Discount to Share Price
Calculation Result
Value per share (EUR) From above. €26.56
Current discount Discount to share price of €19.32
= -1 x (€19.32 - €26.56) / €26.56
27.3%

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

Current Discount
Amount off the current price Tarkett is available for.
Intrinsic value
27%
Share price is €19.32 vs Future cash flow value of €26.56
Current Discount Checks
For Tarkett to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tarkett's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tarkett'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 Tarkett's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tarkett's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:TKTT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.78
ENXTPA:TKTT Share Price ** ENXTPA (2019-07-19) in EUR €19.32
France Building Industry PE Ratio Median Figure of 6 Publicly-Listed Building Companies 30.12x
France Market PE Ratio Median Figure of 415 Publicly-Listed Companies 17.64x

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

** Primary Listing of Tarkett.

ENXTPA:TKTT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:TKTT Share Price ÷ EPS (both in EUR)

= 19.32 ÷ 0.78

24.8x

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

  • Tarkett is good value based on earnings compared to the FR Building industry average.
  • Tarkett is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does Tarkett's expected growth come at a high price?
Raw Data
ENXTPA:TKTT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
27.3%per year
Europe Building Industry PEG Ratio Median Figure of 34 Publicly-Listed Building Companies 1.5x
France Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

ENXTPA:TKTT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.8x ÷ 27.3%

0.91x

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

  • Tarkett is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Tarkett's assets?
Raw Data
ENXTPA:TKTT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €12.69
ENXTPA:TKTT Share Price * ENXTPA (2019-07-19) in EUR €19.32
France Building Industry PB Ratio Median Figure of 6 Publicly-Listed Building Companies 1.17x
France Market PB Ratio Median Figure of 614 Publicly-Listed Companies 1.47x
ENXTPA:TKTT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:TKTT Share Price ÷ Book Value per Share (both in EUR)

= 19.32 ÷ 12.69

1.52x

* Primary Listing of Tarkett.

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

  • Tarkett is overvalued based on assets compared to the FR Building industry average.
X
Value checks
We assess Tarkett'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 Building 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 Building industry average (and greater than 0)? (1 check)
  5. Tarkett 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.

TKTT Future Performance

 How is Tarkett expected to perform in the next 1 to 3 years based on estimates from 10 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
27.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tarkett expected to grow at an attractive rate?
  • Tarkett's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Tarkett's earnings growth is expected to exceed the France market average.
  • Tarkett's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:TKTT Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:TKTT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 27.3%
ENXTPA:TKTT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 3.2%
France Building Industry Earnings Growth Rate Market Cap Weighted Average 25.5%
France Building Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
France Market Earnings Growth Rate Market Cap Weighted Average 12.7%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
ENXTPA:TKTT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:TKTT Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,191 1
2021-12-31 3,141 272 119 8
2020-12-31 3,066 251 107 10
2019-12-31 3,006 220 81 9
ENXTPA:TKTT Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,836 163 49
2018-09-30 2,815 91 69
2018-06-30 2,794 19 88
2018-03-31 2,818 30 25
2017-12-31 2,841 41 -39
2017-09-30 2,823 158 -32
2017-06-30 2,805 275 -25
2017-03-31 2,772 257 47
2016-12-31 2,739 239 119
2016-09-30 2,739 215 108
2016-06-30 2,739 191 98
2016-03-31 2,727 204 91

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tarkett's earnings are expected to grow significantly at over 20% yearly.
  • Tarkett's revenue is expected to grow by 3.2% 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
ENXTPA:TKTT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Tarkett Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:TKTT Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 1.88 2.30 1.45 6.00
2020-12-31 1.67 2.10 1.14 8.00
2019-12-31 1.26 1.60 0.98 7.00
ENXTPA:TKTT Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.78
2018-09-30 1.08
2018-06-30 1.39
2018-03-31 0.39
2017-12-31 -0.61
2017-09-30 -0.50
2017-06-30 -0.39
2017-03-31 0.74
2016-12-31 1.87
2016-09-30 1.71
2016-06-30 1.55
2016-03-31 1.43

*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.
  • Tarkett is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tarkett'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 France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France 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.
Tarkett 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.

TKTT Past Performance

  How has Tarkett 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 Tarkett's growth in the last year to its industry (Building).
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.
  • Tarkett's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Tarkett has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Tarkett has become profitable in the last year making it difficult to compare the FR Building industry average.
Earnings and Revenue History
Tarkett'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 Tarkett Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:TKTT Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,836.10 49.30 508.80 35.60
2018-09-30 2,815.25 68.60 502.10 35.10
2018-06-30 2,794.40 87.90 495.80 34.60
2018-03-31 2,817.75 24.60 504.05 35.30
2017-12-31 2,841.10 -38.70 511.90 36.00
2017-09-30 2,823.15 -31.60 517.15 36.55
2017-06-30 2,805.20 -24.50 522.40 37.10
2017-03-31 2,772.25 47.05 516.80 37.20
2016-12-31 2,739.30 118.60 511.20 37.30
2016-09-30 2,739.15 108.35 506.65 37.55
2016-06-30 2,739.00 98.10 502.10 37.80
2016-03-31 2,726.90 90.70 497.25 36.25
2015-12-31 2,714.80 83.30 492.40 34.70
2015-09-30 2,647.75 73.25 470.90 31.85
2015-06-30 2,580.70 63.20 449.40 29.00
2015-03-31 2,497.55 62.20 426.40 27.50
2014-12-31 2,414.40 61.20 403.40 26.00
2014-09-30 2,434.05 75.25 407.90 25.85
2014-06-30 2,453.70 89.30 412.40 25.70
2014-03-31 2,485.05 93.45 412.35 25.75
2013-12-31 2,516.40 97.60 412.30 25.80
2013-09-30 2,470.80 91.30 397.15 24.80
2013-06-30 2,425.20 85.00 382.00 23.80
2013-03-31 2,358.35 84.30 364.40 21.80
2012-12-31 2,291.50 83.60 346.80 19.80

*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.
  • Tarkett has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tarkett used its assets less efficiently than the FR Building industry average last year based on Return on Assets.
  • Tarkett's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tarkett'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 Building 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.
Tarkett has a total score of 0/6, 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.

TKTT Health

 How is Tarkett'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 Tarkett's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tarkett is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tarkett's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tarkett'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 1.2x 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 Tarkett Company Filings, last reported 6 months ago.

ENXTPA:TKTT Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 807.00 846.00 95.70
2018-09-30 807.00 846.00 95.70
2018-06-30 775.70 689.90 98.70
2018-03-31 775.70 689.90 98.70
2017-12-31 780.60 602.80 114.70
2017-09-30 780.60 602.80 114.70
2017-06-30 763.60 611.40 184.60
2017-03-31 763.60 611.40 184.60
2016-12-31 935.20 466.60 93.10
2016-09-30 935.20 466.60 93.10
2016-06-30 829.50 620.70 57.40
2016-03-31 829.50 620.70 57.40
2015-12-31 836.70 545.80 67.90
2015-09-30 836.70 545.80 67.90
2015-06-30 771.50 770.80 101.20
2015-03-31 771.50 770.80 101.20
2014-12-31 725.80 730.40 135.10
2014-09-30 725.80 730.40 135.10
2014-06-30 674.50 601.30 71.80
2014-03-31 674.50 601.30 71.80
2013-12-31 686.20 523.10 96.70
2013-09-30 686.20 523.10 96.70
2013-06-30 732.70 555.30 53.90
2013-03-31 732.70 555.30 53.90
2012-12-31 693.70 520.90 81.10
  • Tarkett's level of debt (105.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (76.8% vs 105.2% today).
  • Debt is not well covered by operating cash flow (19.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
X
Financial health checks
We assess Tarkett'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. Tarkett has a total score of 2/6, 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.

TKTT Dividends

 What is Tarkett'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
3.11%
Current annual income from Tarkett dividends. Estimated to be 3.34% next year.
If you bought €2,000 of Tarkett shares you are expected to receive €62 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?
  • Tarkett's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.56%).
  • Tarkett's dividend is below the markets top 25% of dividend payers in France (4.46%).
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
ENXTPA:TKTT 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 10 Analyst Estimates (S&P Global) See Below
France Building Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.7%
France Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3%
France Minimum Threshold Dividend Yield 10th Percentile 1%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

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

ENXTPA:TKTT Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.68 8.00
2020-12-31 0.65 10.00
2019-12-31 0.61 10.00
ENXTPA:TKTT Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-07 0.600 3.122
2018-04-27 0.600 2.773
2017-04-18 0.600 1.740
2016-04-26 0.520 1.570
2015-07-29 0.380 1.576
2015-04-24 0.380 1.754
2014-05-14 0.620 2.791

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

  • Tarkett has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Tarkett has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Tarkett's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Tarkett's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Tarkett afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tarkett 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.

TKTT Management

 What is the CEO of Tarkett'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
Fabrice Barthélemy
COMPENSATION €1,027,941
AGE 51
TENURE AS CEO 0.8 years
CEO Bio

Mr. Fabrice Barthélemy has been Chairman of Management Board and Chief Executive Officer at Tarkett SAS since January 14, 2019 and serves as Acting President of EMEA & Latin America division since January 2019. Mr. Barthélemy has served as Interim Group Chief Executive Officer of Tarkett SAS since 18 September 2018. He has been a Member of the Management Board at Tarkett SA since May 23, 2008. He has served as President of Europe, Middle East & Africa at Tarkett S.A. since February 2017. He served as President of Latin America since December 2017. He served as the Chief Financial Officer at Tarkett SA since January 2008 until February 2017. Mr. Barthélemy serves as the Chief Financial Officer and Member of Management Board at Tarkett Holding GmbH. He joined Tarkett as the Chief Financial Officer in January 2008. He started his career in 1991 as an Industrial Controller with Snecma Engines. He joined the Valeo Group in 1995 and moved to the UK where he was Financial Controller of a factory and subsequently a Division. From 2001 to 2003, he served as Financial Controller of the Lighting Division at Angers France and then became financial director of Valeo Connective Systems. From 2005 to 2007, he served as Financial Director of Valeo Wiper Systems. He is a graduate of ESCP (Paris).

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

Average tenure and age of the Tarkett management team in years:

2.5
Average Tenure
49
Average Age
  • The tenure for the Tarkett management team is about average.
Management Team

Fabrice Barthélemy

TITLE
Chairman of Management Board
COMPENSATION
€1M
AGE
51
TENURE
0.8 yrs

Raphaël Bauer

TITLE
Group CFO & Member of the Management Board
AGE
39
TENURE
2.4 yrs

Antoine Prévost

TITLE
Executive Vice President of Research
AGE
49
TENURE
8.5 yrs

Gilles Lebret

TITLE
VP of Customer Operations & Group Chief Information Officer
AGE
45
TENURE
2.5 yrs

Alexandra Boucheron

TITLE
Investor Relations Director

Wendy Kool-Foulon

TITLE
Group General Counsel
AGE
45
TENURE
3 yrs

Pierre Barrard

TITLE
Executive Vice President of Strategic Marketing
AGE
53
TENURE
1 yrs

Eric Dalière

TITLE
President of Tarkett Sports
AGE
52
TENURE
9.8 yrs

Slavoljub Martinovic

TITLE
President of Tarkett Eastern Europe Division
AGE
49
TENURE
6.5 yrs

Paul Cleary

TITLE
President of Hospitality Business for North America
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Tarkett board of directors in years:

2.4
Average Tenure
65.5
Average Age
  • The average tenure for the Tarkett board of directors is less than 3 years, this suggests a new board.
Board of Directors

Éric La Bonnardière

TITLE
Chairman of Supervisory Board
COMPENSATION
€64K
AGE
38
TENURE
1.3 yrs

Didier Deconinck

TITLE
Vice-Chairman of the Supervisory Board
COMPENSATION
€53K
AGE
72
TENURE
1.3 yrs

Françoise Leroy

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€60K
AGE
67
TENURE
5.7 yrs

Guylaine Saucier

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€55K
AGE
73
TENURE
4 yrs

Eric Deconinck

TITLE
Member of the Supervisory Board
COMPENSATION
€35K
AGE
71
TENURE
18.5 yrs

Bernard-André Deconinck

TITLE
Observer of the Supervisory Board
COMPENSATION
€11K
AGE
75
TENURE
1.5 yrs

Julien Deconinck

TITLE
Member of Supervisory Board
COMPENSATION
€27K
AGE
41
TENURE
1.5 yrs

Nicolas Deconinck

TITLE
Observer of the Supervisory Board
AGE
39
TENURE
4.3 yrs

Agnès Touraine

TITLE
Member of the Supervisory Board
COMPENSATION
€40K
AGE
64
TENURE
2.6 yrs

Sabine Roux de Bézieux

TITLE
Independent Member of Supervisory Board
COMPENSATION
€40K
AGE
54
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Tarkett'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. Tarkett 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.

TKTT News

Simply Wall St News

Investors Who Bought Tarkett (EPA:TKTT) Shares A Year Ago Are Now Down 34%

Even if you look out three years, the returns are still disappointing, with the share price down (the share price is down 31%) in that time. … During the last year Tarkett grew its earnings per share, moving from a loss to a profit. … When a company has just transitioned to profitability, earnings per share growth is not always the best way to look at the share price action.

Simply Wall St -

Is Tarkett S.A.'s (EPA:TKTT) 11% ROE Strong Compared To Its Industry?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Understanding Your Return On Investment In Tarkett SA (EPA:TKTT)

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Tarkett, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Does Tarkett SA (EPA:TKTT) Create Value For Shareholders?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Has Tarkett SA (EPA:TKTT) Improved Earnings In Recent Times?

Assessing Tarkett SA's (EPA:TKTT) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how Tarkett is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its building industry peers. … TKTT's trailing twelve-month earnings (from 30 June 2018) of €87.9m has

Simply Wall St -

Who Owns Tarkett SA (EPA:TKTT)?

Today, I will be analyzing Tarkett SA’s (EPA:TKTT) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … ENXTPA:TKTT Ownership Summary August 16th 18

Simply Wall St -

Is Tarkett SA's (EPA:TKTT) Growth Strong Enough To Justify Its August Share Price?

Growth expectations for Tarkett SA (EPA:TKTT) are high, but many investors are starting to ask whether its last close at €23.96 can still be rationalized by the future potential. … See our latest analysis for Tarkett? … Tarkett is poised for extremely high earnings growth in the near future

Simply Wall St -

Tarkett SA (EPA:TKTT): Risks You Need To Consider Before Buying

Broadly speaking, there are two types of risk you should consider when investing in stocks such as TKTT. … The second risk is market-wide, which arises from investing in the stock market. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one.

Simply Wall St -

Is Tarkett SA's (EPA:TKTT) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like Tarkett SA (EPA:TKTT), with a market cap of €1.42b. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Is Tarkett SA (EPA:TKTT) A Smart Pick For Income Investors?

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … In the past 5 years Tarkett SA (EPA:TKTT) has returned an average of 3.00% per year to investors in the form of dividend payouts. … Let's take a look at Tarkett in more detail.

Simply Wall St -

TKTT Company Info

Description

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 heterogeneous and homogeneous vinyl, and linoleum floors, as well as luxury vinyl tiles; and wood and laminate flooring, such as engineered wood floors and multi-layer laminate floors. Its products also comprise carpets; rubber flooring and accessories; and sports surfaces comprising artificial turfs and athletic tracks. Tarkett S.A. offers its products for use in the education, home, workplace, health and aged care, store and shop, hospitality, travel, leisure, marine, aviation, transport, industry, and sports and wellness sectors. The company was founded in 1886 and is headquartered in Paris, France. Tarkett S.A. is a subsidiary of Societe Investissement Deconinck.

Details
Name: Tarkett S.A.
TKTT
Exchange: ENXTPA
Founded: 1886
€1,260,256,409
65,230,663
Website: http://www.tarkett.com
Address: Tarkett S.A.
1 Terrasse Bellini,
Tour Initiale,
Paris,
Ile-de-France, 92919,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA TKTT Common Stock Euronext Paris FR EUR 22. Nov 2013
OTCPK TKFT.F Common Stock Pink Sheets LLC US USD 22. Nov 2013
DB 1T9 Common Stock Deutsche Boerse AG DE EUR 22. Nov 2013
LSE 0QSA Common Stock London Stock Exchange GB EUR 22. Nov 2013
BMV TKTT N Common Stock Bolsa Mexicana de Valores MX MXN 22. Nov 2013
BATS-CHIXE TKTTP Common Stock BATS 'Chi-X Europe' GB EUR 22. Nov 2013
Number of employees
Current staff
Staff numbers
13,000
Tarkett employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 22:17
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/04
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.