AIM:ASY

Stock Analysis Report

Executive Summary

Andrews Sykes Group plc, an investment holding company, engages in the hire, sale, and installation of environmental control equipment in the United Kingdom, rest of Europe, the Middle East, Africa, and internationally.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Share Price & News

How has Andrews Sykes Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

14.3%

ASY

0.9%

GB Trade Distributors

-0.4%

GB Market


1 Year Return

13.8%

ASY

13.8%

GB Trade Distributors

4.5%

GB Market

Return vs Industry: ASY matched the UK Trade Distributors industry which returned 13.8% over the past year.

Return vs Market: ASY exceeded the UK Market which returned 4.5% over the past year.


Shareholder returns

ASYIndustryMarket
7 Day14.3%0.9%-0.4%
30 Day10.7%5.5%1.7%
90 Day-3.5%9.7%4.7%
1 Year18.3%13.8%18.6%13.8%10.0%4.5%
3 Year81.4%60.0%49.6%35.5%22.5%6.9%
5 Year145.8%87.9%79.4%55.2%33.0%2.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Andrews Sykes Group undervalued compared to its fair value and its price relative to the market?

17.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASY (£6.2) is trading above our estimate of fair value (£4.84)

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


Price To Earnings Ratio

PE vs Industry: ASY is poor value based on its PE Ratio (17.5x) compared to the Trade Distributors industry average (16.6x).

PE vs Market: ASY is poor value based on its PE Ratio (17.5x) compared to the UK market (17.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ASY is overvalued based on its PB Ratio (4.4x) compared to the GB Trade Distributors industry average (1.7x).


Next Steps

Future Growth

How is Andrews Sykes Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-5.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASY's earnings are forecast to decline over the next 3 years (-5.8% per year).

Earnings vs Market: ASY's earnings are forecast to decline over the next 3 years (-5.8% per year).

High Growth Earnings: ASY's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if ASY's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if ASY's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ASY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Andrews Sykes Group performed over the past 5 years?

11.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASY has high quality earnings.

Growing Profit Margin: ASY's current net profit margins (19.8%) are lower than last year (20.4%).


Past Earnings Growth Analysis

Earnings Trend: ASY's earnings have grown by 11.9% per year over the past 5 years.

Accelerating Growth: ASY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ASY had negative earnings growth (-0.6%) over the past year, making it difficult to compare to the Trade Distributors industry average (3.4%).


Return on Equity

High ROE: ASY's Return on Equity (25.2%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Andrews Sykes Group's financial position?


Financial Position Analysis

Short Term Liabilities: ASY's short term assets (£50.1M) exceeds its short term liabilities (£15.2M)

Long Term Liabilities: ASY's short term assets (50.1M) exceeds its long term liabilities (12.8M)


Debt to Equity History and Analysis

Debt Level: ASY's debt to equity ratio (6.7%) is considered satisfactory

Reducing Debt: ASY's debt to equity ratio has reduced from 16.7% to 6.7% over the past 5 years.

Debt Coverage: ASY's debt is well covered by operating cash flow (461%).

Interest Coverage: ASY's interest payments on its debt are well covered by EBIT (97.8x coverage).


Balance Sheet

Inventory Level: ASY has a high level of physical assets or inventory.

Debt Coverage by Assets: ASY's debt is covered by short term assets (assets are 12.6x debt).


Next Steps

Dividend

What is Andrews Sykes Group's current dividend yield, its reliability and sustainability?

3.84%

Current Dividend Yield


Dividend Yield vs Market

company3.8%marketbottom25%2.0%markettop25%5.3%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: ASY's dividend (3.84%) is higher than the bottom 25% of dividend payers in the UK market (1.97%).

High Dividend: ASY's dividend (3.84%) is low compared to the top 25% of dividend payers in the UK market (5.34%).


Stability and Growth of Payments

Stable Dividend: ASY's dividend payments have been volatile in the past 10 years.

Growing Dividend: ASY's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.1%), ASY's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Andrews Sykes Group's salary, the management and board of directors tenure and is there insider trading?

12.9yrs

Average management tenure


CEO

Paul Wood (56yo)

12.9yrs

Tenure

UK£566,000

Compensation

Mr. Paul Thomas Wood has been Managing Director of Andrews Sykes Group plc since December 5, 2006. Mr. Wood is an Industry specialist and served as Director of Operations of Andrews Sykes Group plc since M ...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD730.04K) is about average for companies of similar size in the UK market ($USD891.00K).

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


Management Age and Tenure

12.9yrs

Average Tenure

Experienced Management: ASY's management team is seasoned and experienced (12.9 years average tenure).


Board Age and Tenure

11.5yrs

Average Tenure

54.5yo

Average Age

Experienced Board: ASY's board of directors are seasoned and experienced ( 11.5 years average tenure).


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

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


Management Team

  • Mark Calderbank

    Company Secretary

    • Tenure: 20.1yrs
  • Paul Wood (56yo)

    MD & Executive Director

    • Tenure: 12.9yrs
    • Compensation: UK£566.00k
  • Andrew Phillips (55yo)

    Chief Financial Officer

    • Tenure: 4.8yrs

Board Members

  • Emmanuel David Olivier Sebag (51yo)

    Non Executive Director

    • Tenure: 0yrs
  • Jean-Jacques Murray (52yo)

    Non Executive Vice Chairman

    • Tenure: 11.5yrs
    • Compensation: UK£28.00k
  • Jacques Murray (99yo)

    Chairman

    • Tenure: 0yrs
  • Paul Wood (56yo)

    MD & Executive Director

    • Tenure: 12.9yrs
    • Compensation: UK£566.00k
  • Xavier Mignolet (55yo)

    Non-Executive Director

    • Tenure: 12.8yrs
  • Marie-Claire Leon (55yo)

    Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: UK£20.00k
  • Jean-Pierre Murray (51yo)

    Non Executive Director

    • Tenure: 11.3yrs
    • Compensation: UK£20.00k
  • Andrew Kitchingman (54yo)

    Senior Independent Non-Executive Director

    • Tenure: 1.3yrs
    • Compensation: UK£13.00k

Company Information

Andrews Sykes Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Andrews Sykes Group plc
  • Ticker: ASY
  • Exchange: AIM
  • Founded: 1857
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: UK£261.481m
  • Shares outstanding: 42.17m
  • Website: https://www.andrews-sykes.com

Number of Employees


Location

  • Andrews Sykes Group plc
  • St David's Court
  • Union Street
  • Wolverhampton
  • West Midlands
  • WV1 3JE
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASYAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 1992

Biography

Andrews Sykes Group plc, an investment holding company, engages in the hire, sale, and installation of environmental control equipment in the United Kingdom, rest of Europe, the Middle East, Africa, and in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 20:39
End of Day Share Price2019/11/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.