Alumasc Group

AIM:ALU

Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.

ALU

AIM

£33M

Market Cap

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Last updated 2019/07/20 20:40

Company description

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Alumasc Group has significant price volatility in the past 3 months.

ALU Share Price and Events

7 Day Returns

AIM:ALU

-1.5%

GB Building

0.2%

GB Market

1 Year Returns

-31.5%

AIM:ALU

-0.1%

GB Building

-2%

GB Market

ALU Shareholder Return

	7 Day	30 Day	90 Day	1 Year	3 Year	5 Year
Alumasc Group (ALU)	0%	-3.1%	0.5%	-31.5%	-26.9%	-15.5%
GB Building	-1.5%	-1.5%	-1%	-0.1%	17.6%	29.6%
GB Market	0.2%	1.3%	0.1%	-2%	11.2%	6.3%

1 Year Return vs Industry and Market

ALU underperformed the Building industry which returned -0.1% over the past year.
ALU underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2% over the past year.

Price Volatility

ALU

Industry

5yr Volatility vs Market

Related Companies

ALU Value

Is Alumasc 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 Alumasc 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 Alumasc Group.

AIM:ALU Discounted Cash Flow Data Sources
Data Point	Source	Value
Valuation Model		2 Stage Free Cash Flow to Equity
Levered Free Cash Flow	Average of 2 Analyst Estimates (S&P Global)	See below
Discount Rate (Cost of Equity)	See below	9.2%
Perpetual Growth Rate	10-Year GB Government Bond Rate	1.2%

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 AIM:ALU
Data Point	Calculation/ Source	Result
Risk-Free Rate	10-Year GB Govt Bond Rate	1.2%
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- 19%) (17.97%))	1.198
Levered Beta	Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm)	1.2
Discount Rate/ Cost of Equity	= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = 1.23% + (1.198 * 6.65%)	9.19%

Discounted Cash Flow Calculation for AIM:ALU using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Alumasc 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.

AIM:ALU DCF 1st Stage: Next 10 year cash flow forecast
	Levered FCF (GBP, Millions)	Source	Present Value Discounted (@ 9.19%)
2020	1.40	Analyst x1	1.28
2021	1.01	Est @ -27.62%	0.85
2022	0.82	Est @ -18.97%	0.63
2023	0.72	Est @ -12.91%	0.50
2024	0.65	Est @ -8.67%	0.42
2025	0.62	Est @ -5.7%	0.36
2026	0.59	Est @ -3.62%	0.32
2027	0.58	Est @ -2.17%	0.29
2028	0.57	Est @ -1.15%	0.26
2029	0.57	Est @ -0.44%	0.24
Present value of next 10 years cash flows			£5.16

AIM:ALU DCF 2nd Stage: Terminal Value
	Calculation	Result
Terminal Value	= FCF₂₀₂₉ × (1 + g) ÷ (Discount Rate – g) = £0.57 × (1 + 1.23%) ÷ (9.19% – 1.23%)	£7.26
Present Value of Terminal Value	= Terminal Value ÷ (1 + r)¹⁰ = £7.26 ÷ (1 + 9.19%)¹⁰	£3.01

AIM:ALU Total Equity Value
	Calculation	Result
Total Equity Value	= Present value of next 10 years cash flows + Terminal Value = £5.16 + £3.01	£8.17
Equity Value per Share (GBP)	= Total value / Shares Outstanding = £8.17 / 35.99	£0.23

AIM:ALU Discount to Share Price
	Calculation	Result
Value per share (GBP)	From above.	£0.23
Current discount	Discount to share price of £0.93 = -1 x (£0.93 - £0.23) / £0.23	-307.5%

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

The current share price of Alumasc Group is above its future cash flow value.

Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.

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 Alumasc Group's earnings, growth and assets is considered below, and whether this is a fair price.

Price based on past earnings

Are Alumasc Group's earnings available for a low price, and how does this compare to other companies in the same industry?

Raw Data

AIM:ALU PE (Price to Earnings) Ratio Data Sources
Data Point	Source	Value
Earnings Per Share *	Company Filings (2018-12-31) in GBP	£0.06
AIM:ALU Share Price **	AIM (2019-07-19) in GBP	£0.93
United Kingdom of Great Britain and Northern Ireland Building Industry PE Ratio	Median Figure of 10 Publicly-Listed Building Companies	13.15x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio	Median Figure of 792 Publicly-Listed Companies	16.31x

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

** Primary Listing of Alumasc Group.

AIM:ALU PE (Price to Earnings) Ratio Calculation
	Calculation	Outcome
PE Ratio	= AIM:ALU Share Price ÷ EPS (both in GBP) = 0.93 ÷ 0.06	15.47x

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

Alumasc Group is overvalued based on earnings compared to the GB Building industry average.
Alumasc Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.

Price based on expected Growth

Does Alumasc Group's expected growth come at a high price?

Raw Data

AIM:ALU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point	Source	Value
PE Ratio	See PE Ratio Section	15.47x
Net Income Annual Growth Rate	See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts	61.2%per year
United Kingdom of Great Britain and Northern Ireland Building Industry PEG Ratio	Median Figure of 8 Publicly-Listed Building Companies	0.89x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio	Median Figure of 573 Publicly-Listed Companies	1.47x

*Line of best fit is calculated by linear regression .

AIM:ALU PEG (Price to Earnings to Growth) Ratio Calculation
	Calculation	Outcome
PEG Ratio	= PE Ratio ÷ Net Income Annual Growth Rate = 15.47x ÷ 61.2%	0.25x

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

Alumasc Group is good value based on expected growth next year.

Price based on value of assets

What value do investors place on Alumasc Group's assets?

Raw Data

AIM:ALU PB (Price to Book) Ratio Data Sources
Data Point	Source	Value
Book Value per Share	Company Filings (2018-12-31) in GBP	£0.72
AIM:ALU Share Price *	AIM (2019-07-19) in GBP	£0.93
United Kingdom of Great Britain and Northern Ireland Building Industry PB Ratio	Median Figure of 12 Publicly-Listed Building Companies	1.76x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio	Median Figure of 1,377 Publicly-Listed Companies	1.51x

AIM:ALU PB (Price to Book) Ratio Calculation
	Calculation	Outcome
PB Ratio	= AIM:ALU Share Price ÷ Book Value per Share (both in GBP) = 0.93 ÷ 0.72	1.29x

* Primary Listing of Alumasc Group.

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

Alumasc Group is good value based on assets compared to the GB Building industry average.

Show me more potentially undervalued companies in the Building industry

Value checks

We assess Alumasc Group's value by looking at:

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. )
Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)

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

ALU Future Performance

How is Alumasc Group expected to perform in the next 1 to 3 years based on estimates from 2 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!

61.2%

Expected annual growth in earnings.

Earnings growth vs Low Risk Savings

Is Alumasc Group expected to grow at an attractive rate?

Alumasc Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.

Growth vs Market Checks

Alumasc Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Alumasc Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.

Annual Growth Rates Comparison

Raw Data

AIM:ALU Future Growth Rates Data Sources
Data Point	Source	Value (per year)
AIM:ALU Future Earnings Growth Rate	Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts	61.2%
AIM:ALU Future Revenue Growth Rate	Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts	0.4%
United Kingdom of Great Britain and Northern Ireland Building Industry Earnings Growth Rate	Market Cap Weighted Average	10.4%
United Kingdom of Great Britain and Northern Ireland Building Industry Revenue Growth Rate	Market Cap Weighted Average	4.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate	Market Cap Weighted Average	10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate	Market Cap Weighted Average	4.7%

*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

AIM:ALU Analysts Growth Expectations Data Sources
Data Point	Source	Value
Past Financials	Company Filings (6 months ago)	See Below
Future Estimates	Average of up to 2 Analyst Estimates (S&P Global)	See Below

All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ALU Future Estimates Data
Date (Data in GBP Millions)	Revenue	Cash Flow	Net Income *	Avg. No. Analysts
2021-06-30	99			1
2020-06-30	93	7	7	2
2019-06-30	92	2	5	2

AIM:ALU Past Financials Data
Date (Data in GBP Millions)	Revenue	Cash Flow	Net Income *
2018-12-31	100	6	2
2018-09-30	99	4	3
2018-06-30	98	2	4
2018-03-31	95	1	5
2017-12-31	97	1	6
2017-09-30	101	1	6
2017-06-30	105	1	7
2017-03-31	102	2	6
2016-12-31	100	4	6
2016-09-30	96	6	5
2016-06-30	92	8	5
2016-03-31	90	8	5

*GAAP earnings excluding extraordinary items.

High Growth Checks

Alumasc Group's earnings are expected to grow significantly at over 20% yearly.
Alumasc Group's revenue is expected to grow by 0.4% 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

AIM:ALU 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 2 Analyst Estimates (S&P Global)	See Below

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

AIM:ALU Future Estimates Data
Date (Data in GBP Millions)	EPS *	EPS High Estimate	EPS Low Estimate	Avg. No. Analysts
2021-06-30
2020-06-30	0.15	0.15	0.15	1.00
2019-06-30	0.11	0.11	0.11	1.00

AIM:ALU Past Financials Data
Date (Data in GBP Millions)	EPS *
2018-12-31	0.06
2018-09-30	0.09
2018-06-30	0.12
2018-03-31	0.14
2017-12-31	0.17
2017-09-30	0.18
2017-06-30	0.18
2017-03-31	0.17
2016-12-31	0.15
2016-09-30	0.15
2016-06-30	0.15
2016-03-31	0.15

*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 Alumasc Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Show me more growth companies in the Building industry

Future performance checks

We assess Alumasc Group's future performance by looking at:

Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
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.
Alumasc 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.

ALU Past Performance

How has Alumasc 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 Alumasc Group'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.

Alumasc Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
Alumasc Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
Alumasc Group's 1-year earnings growth is negative, it can't be compared to the GB Building industry average.

Earnings and Revenue History

Alumasc 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 Alumasc Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ALU Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions)	Revenue	Net Income *	G+A Expenses
2018-12-31	100.13	2.15	26.22
2018-09-30	99.27	3.23	25.37
2018-06-30	98.41	4.32	24.52
2018-03-31	94.95	5.18	22.56
2017-12-31	96.65	6.07	22.24
2017-09-30	100.70	6.30	23.36
2017-06-30	104.76	6.54	24.48
2017-03-31	102.13	6.02	24.65
2016-12-31	99.51	5.50	24.81
2016-09-30	95.87	5.34	24.32
2016-06-30	92.23	5.18	23.83
2016-03-31	90.41	5.20	23.39
2015-12-31	88.58	5.22	22.96
2015-09-30	89.44	5.01	22.82
2015-06-30	90.30	4.81	22.67
2015-03-31	89.58	4.75	21.73
2014-12-31	88.86	4.69	20.78
2014-09-30	88.86	4.74	21.00
2014-06-30	88.86	4.79	21.21
2014-03-31	95.64	4.08	22.88
2013-12-31	102.43	3.36	24.55
2013-09-30	109.60	2.62	24.99
2013-06-30	116.77	1.89	25.43
2013-03-31	116.42	1.29	24.93
2012-12-31	116.08	0.69	24.43
2012-09-30	113.35	0.55	24.14

*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.

Alumasc Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Alumasc Group used its assets less efficiently than the GB Building industry average last year based on Return on Assets.
Alumasc Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).

Past performance checks

We assess Alumasc Group's performance over the past 5 years by checking for:

Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Alumasc 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.

ALU Health

How is Alumasc 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 Alumasc Group's finances.

The net worth of a company is the difference between its assets and liabilities.

Net Worth

Alumasc Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Alumasc Group's cash and other short term assets cover its long term commitments.

Balance sheet

This treemap shows a more detailed breakdown of Alumasc 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 5.2x 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 Alumasc Group Company Filings, last reported 6 months ago.

AIM:ALU Past Debt and Equity Data
Date (Data in GBP Millions)	Total Equity	Total Debt	Cash & Short Term Investments
2018-12-31	25.77	5.98	5.69
2018-09-30	25.77	5.98	5.69
2018-06-30	24.42	9.47	4.66
2018-03-31	24.42	9.47	4.66
2017-12-31	20.25	2.95	5.34
2017-09-30	20.25	2.95	5.34
2017-06-30	20.44	2.94	9.01
2017-03-31	20.44	2.94	9.01
2016-12-31	16.65	0.92	6.11
2016-09-30	16.65	0.92	6.11
2016-06-30	16.58	1.91	10.54
2016-03-31	16.58	1.91	10.54
2015-12-31	17.28	4.89	5.40
2015-09-30	17.28	4.89	5.40
2015-06-30	15.93	5.00	5.91
2015-03-31	15.93	5.00	5.91
2014-12-31	14.97	10.92	3.21
2014-09-30	14.97	10.92	3.21
2014-06-30	17.04	9.89	2.26
2014-03-31	17.04	9.89	2.26
2013-12-31	18.25	13.86	6.18
2013-09-30	18.25	13.86	6.18
2013-06-30	22.44	16.83	9.21
2013-03-31	22.44	16.83	9.21
2012-12-31	19.37	19.81	11.43
2012-09-30	19.37	19.81	11.43

Alumasc Group's level of debt (23.2%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (75.8% vs 23.2% today).
Debt is well covered by operating cash flow (99.6%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 12x coverage).

Show me more healthy companies in the Building industry

Financial health checks

We assess Alumasc Group's financial health by checking for:

Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)

For companies that are loss making and have been so on average in the past we replace the last 2 checks with:

Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
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.

ALU Dividends

What is Alumasc 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

7.95%

Current annual income from Alumasc Group dividends. Estimated to be 8.32% next year.

If you bought £2,000 of Alumasc Group shares you are expected to receive £159 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?

Alumasc Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.95%).
Alumasc Group's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.43%).

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

AIM:ALU 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 2 Analyst Estimates (S&P Global)	See Below
United Kingdom of Great Britain and Northern Ireland Building Industry Average Dividend Yield	Market Cap Weighted Average of 10 Stocks	3.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield	Market Cap Weighted Average of 706 Stocks	4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield	10th Percentile	1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield	25th Percentile	2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield	75th Percentile	5.4%

Industry and Market average data is calculated daily.

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

AIM:ALU Future Dividends Estimate Data
Date (Data in £)	Dividend per Share (annual)	Avg. No. Analysts
2021-06-30	0.08	1.00
2020-06-30	0.08	2.00
2019-06-30	0.07	2.00

AIM:ALU Past Annualized Dividends Data
Date (Data in £)	Dividend per share (annual)	Avg. Yield (%)
2018-10-01	0.074	6.743
2018-09-11	0.074	5.259
2017-09-29	0.072	4.815
2017-09-05	0.072	4.198
2016-09-01	0.065	3.839
2015-09-30	0.060	3.676
2015-09-03	0.060	3.262
2015-02-03	0.053	3.549
2014-09-29	0.050	4.081
2014-09-02	0.050	3.908
2013-10-01	0.050	4.004
2013-09-03	0.050	3.745
2013-02-05	0.030	3.095
2012-09-20	0.020	2.351
2012-09-04	0.020	2.592
2011-09-06	0.100	11.162
2011-08-30	0.100	7.951
2010-09-09	0.100	7.117
2009-09-01	0.100	9.819
2009-02-05	0.100	12.334
2008-09-10	0.100	11.693

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

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have fallen over the past 10 years.

Current Payout to shareholders

What portion of Alumasc Group's earnings are paid to the shareholders as a dividend.

Dividends paid are not well covered by earnings (0.8x coverage).

Future Payout to shareholders

Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).

Income/ dividend checks

We assess Alumasc Group's dividend by checking for:

Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1 check)
How sustainable is the dividend, can Alumasc Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)

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

ALU Management

What is the CEO of Alumasc 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

G. Hooper

COMPENSATION	£332,000
AGE	62
TENURE AS CEO	16.3 years

CEO Bio

Mr. G. Paul Hooper, B.Sc, MBA, DipM has been the Chief Executive at Alumasc Group Plc since March 2003 and has been its Executive Director since 2003. Mr. Hooper joined Alumasc Group Plc's as Group Managing Director in April 2001. His career included as Managing Director of BTR plc since 1992. He joined Williams Holdings Plc in Special Operations, implementing acquisitions in Europe and North America, prior to joining Rexam Plc as a Divisional Managing Director with responsibility for operations in Europe and South East Asia.

CEO Compensation

G.'s compensation has been consistent with company performance over the past year, both up more than 20%.
G.'s remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.

Management Team Tenure

Average tenure of the Alumasc Group management team in years:

12.8

Average Tenure

The average tenure for the Alumasc Group management team is over 5 years, this suggests they are a seasoned and experienced team.

Management Team

G. Hooper

TITLE

Chief Executive & Executive Director

COMPENSATION

£332K

AGE

62

TENURE

16.3 yrs

Andrew Magson

TITLE

Group Finance Director & Executive Director

COMPENSATION

£226K

Company Secretary

TENURE

1.5 yrs

Helen Ashton

TITLE

Group Company Secretary

Board of Directors Tenure

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

12.8

Average Tenure

59.5

Average Age

The average tenure for the Alumasc Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.

TITLE

Non-Executive Director

COMPENSATION

£35K

AGE

57

TENURE

4.8 yrs

Steve Beechey

TITLE

Non-Executive Director

TENURE

0.5 yrs

Who owns this company?

Recent Insider Trading

More shares have been bought than sold by Alumasc Group individual insiders in the past 3 months, but not in substantial volumes.

Show me more companies with insider buying in the Building industry

Recent Insider Transactions

Announced	Type	Name	Entity	Start	End	Shares	Max Price (£)	Value (£)
09. May 19	Buy	Jonathon Pither	Individual	09. May 19	09. May 19	20,000	£0.93	£18,500
03. May 19	Sell	Andrew Magson	Individual	02. May 19	03. May 19	-17,742	£0.91	£-15,936
03. May 19	Buy	Andrew Magson	Individual	02. May 19	03. May 19	17,364	£0.95	£15,830
23. Apr 19	Buy	G. Hooper	Individual	18. Apr 19	18. Apr 19	36,266	£0.95	£34,271
23. Apr 19	Sell	Andrew Magson	Individual	05. Feb 19	05. Feb 19	-45,220	£1.15	£-52,003
23. Apr 19	Buy	Andrew Magson	Individual	05. Feb 19	05. Feb 19	44,920	£1.15	£51,715

Management checks

We assess Alumasc Group's management by checking for:

Is the CEO's compensation unreasonable compared to market cap? (1 check)
Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
Is the average tenure of the management team less than 2 years? (1 check)
Is the average tenure of the board of directors team less than 3 years? (1 check)

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.

ALU News

Simply Wall St News

ALU Company Info

Description

The Alumasc Group plc, together with its subsidiaries, manufactures and sells building products, systems, and solutions in the United Kingdom, Europe, North America, the Middle East, the Far East, and internationally. The company offers solar shading and architectural screening products; balcony and balustrading systems; premium waterproofing solutions for flat roofs, including green roofs, blu-roofs, and roofing support services; exterior wall insulation and facades systems; integrated rain to drain solutions; and water management solutions to manage and attenuate water originating inside or outside of the buildings. It also provides housebuilding and ancillary products, such as roofline and others, loft doors, air leakage products, ventilation products, access panels, and cavity trays and closures primarily for housebuilding applications. The company was founded in 1984 and is based in Kettering, the United Kingdom.

Details

Name:	The Alumasc Group plc
Ticker:	ALU
Exchange:	AIM
Founded:	1984
Market Cap:	£33,291,810
Shares outstanding:	35,991,147
Website:	http://www.alumasc.co.uk
Address:	The Alumasc Group plc Burton Latimer, Kettering, Northamptonshire, NN15 5JP, United Kingdom

Listings

	Exchange Symbol	Ticker Symbol	Security	Exchange	Country	Currency	Listed on
	AIM	ALU	Ordinary Shares	London Stock Exchange AIM Market	GB	GBP	22. Oct 1993
	BST	0JL	Ordinary Shares	Boerse-Stuttgart	DE	EUR	22. Oct 1993

Number of employees

Current staff

536

Alumasc Group employees.

Industry

Industry:	Building Products
Sector:	Capital Goods

Company Analysis and Financial Data Status

Area	Date (UTC time)
Company Analysis updated:	2019/07/20 20:40
End of day share price update:	2019/07/19 00:00
Last estimates confirmation:	2019/06/28
Last earnings filing:	2019/01/31
Last earnings reported:	2018/12/31
Last annual earnings reported:	2018/06/30

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.

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Alumasc Group

ALU Share Price and Events

7 Day Returns

1 Year Returns

ALU Shareholder Return

1 Year Return vs Industry and Market

Price Volatility

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ALU Value

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS

PRICE RELATIVE TO MARKET

Price based on past earnings

Price based on expected Growth

Price based on value of assets

Value checks

ALU Future Performance

Earnings growth vs Low Risk Savings

Growth vs Market Checks

Annual Growth Rates Comparison

Analysts growth expectations

High Growth Checks

Past and Future Earnings per Share

Performance in 3 years

Future performance checks

ALU Past Performance

Past earnings growth

Past Earnings growth analysis

Earnings and Revenue History

Performance last year

Past performance checks

ALU Health

Net Worth

Balance sheet

Assets

Liabilities and shares

Historical Debt

Financial health checks

ALU Dividends

Annual Dividend Income

Dividend Amount

Annualized Historical and Future Dividends

Current Payout to shareholders

Future Payout to shareholders

Income/ dividend checks

ALU Management

CEO

CEO Bio

CEO Compensation

Management Team Tenure

Management Team

G. Hooper

Chief Executive & Executive Director

£332K

62

16.3 yrs

Andrew Magson

Group Finance Director & Executive Director

£226K

51

12.8 yrs

Giovanni Simoni

Managing Director of Levolux

Gilbert Jackson

Managing Director of Roofing

John Carter

Managing Director of Insulated Renders

Les White

Managing Director of Precision

Kirstan Boynton

Company Secretary

1.5 yrs

Helen Ashton

Group Company Secretary

Board of Directors Tenure

Board of Directors

John McCall

Chairman