AIM:DWHT

Stock Analysis Report

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Executive Summary

Dewhurst plc manufactures and sells electrical components and control equipment for industrial and commercial capital goods in the United Kingdom, Europe, the Americas, Asia, Australia, and internationally. More Details


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: DWHT is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: DWHT's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0%

DWHT

2.0%

GB Electrical

0.0002%

GB Market


1 Year Return

19.9%

DWHT

0.8%

GB Electrical

-10.0%

GB Market

Return vs Industry: DWHT exceeded the UK Electrical industry which returned 0.8% over the past year.

Return vs Market: DWHT exceeded the UK Market which returned -10% over the past year.


Shareholder returns

DWHTIndustryMarket
7 Day0%2.0%0.0002%
30 Day15.9%24.4%10.0%
90 Day20.2%40.9%7.0%
1 Year21.5%19.9%0.9%0.8%-6.4%-10.0%
3 Year69.4%62.6%16.4%11.6%1.3%-11.1%
5 Year111.9%95.7%243.0%-86.3%25.7%-2.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

34.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DWHT (£11.3) is trading above our estimate of fair value (£5.56)

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


Price To Earnings Ratio

PE vs Industry: DWHT is poor value based on its PE Ratio (34.8x) compared to the GB Electrical industry average (29.8x).

PE vs Market: DWHT is poor value based on its PE Ratio (34.8x) compared to the UK market (20.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: DWHT is good value based on its PB Ratio (2.1x) compared to the GB Electrical industry average (2.7x).


Next Steps

Future Growth

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

75.5%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dewhurst has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Dewhurst performed over the past 5 years?

-7.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DWHT has high quality earnings.

Growing Profit Margin: DWHT's current net profit margins (4.8%) are lower than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: DWHT's earnings have declined by 7% per year over the past 5 years.

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

Earnings vs Industry: DWHT had negative earnings growth (-10.3%) over the past year, making it difficult to compare to the Electrical industry average (-13.9%).


Return on Equity

High ROE: DWHT's Return on Equity (7.5%) is considered low.


Next Steps

Financial Health

How is Dewhurst's financial position?


Financial Position Analysis

Short Term Liabilities: DWHT's short term assets (£33.3M) exceed its short term liabilities (£8.8M).

Long Term Liabilities: DWHT's short term assets (£33.3M) exceed its long term liabilities (£12.3M).


Debt to Equity History and Analysis

Debt Level: DWHT is debt free.

Reducing Debt: DWHT has not had any debt for past 5 years.

Debt Coverage: DWHT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DWHT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

1.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DWHT's dividend (1.15%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.72%).

High Dividend: DWHT's dividend (1.15%) is low compared to the top 25% of dividend payers in the UK market (4.94%).


Stability and Growth of Payments

Stable Dividend: DWHT's dividends per share have been stable in the past 10 years.

Growing Dividend: DWHT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40%), DWHT's dividend payments are well 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

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

20.8yrs

Average board tenure


CEO

David Dewhurst (59 yo)

no data

Tenure

UK£405,000

Compensation

Mr. David Dewhurst, BSc (Elec Eng) serves the Group Managing Director and Executive Director of Dewhurst Plc. Mr. Dewhurst serves as the Managing Director of Dewhurst UK Manufacturing Limited, a subsidiary...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD539.96K) is above average for companies of similar size in the UK market ($USD345.93K).

Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Richard Dewhurst
Chairman 29.83yrsUK£434.00k7.62%
£ 4.9m
David Dewhurst
Group MD & Executive Directorno dataUK£405.00k6.06%
£ 3.9m
Jared Sinclair
Financial Directorno dataUK£219.00k0.012%
£ 8.0k
John Bailey
Executive Director10.42yrsUK£189.00k0.012%
£ 8.0k
Peter Tett
Non Executive Director20.83yrsUK£20.00k0.012%
£ 8.0k

20.8yrs

Average Tenure

59yo

Average Age

Experienced Board: DWHT's board of directors are seasoned and experienced ( 20.8 years average tenure).


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

Dewhurst plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dewhurst plc
  • Ticker: DWHT
  • Exchange: AIM
  • Founded: 1919
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: UK£64.476m
  • Shares outstanding: 8.08m
  • Website: https://www.dewhurst.co.uk

Number of Employees


Location

  • Dewhurst plc
  • Hampton Business Park
  • Unit 9
  • Feltham
  • Greater London
  • TW13 6DB
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DWHTAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 1992
DWHAAIM (London Stock Exchange AIM Market)A Ordinary SharesGBGBPJan 1992

Biography

Dewhurst plc manufactures and sells electrical components and control equipment for industrial and commercial capital goods in the United Kingdom, Europe, the Americas, Asia, Australia, and internationally...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 19:14
End of Day Share Price2020/11/25 00:00
Earnings2020/03/31
Annual Earnings2019/09/30


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.