AIM:FLO

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Flowtech Fluidpower plc, together with its subsidiaries, distributes engineering components and assemblies in the areas of fluid power industry in the United Kingdom, rest of Europe, internationally. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.3%

FLO

-1.3%

GB Trade Distributors

-0.7%

GB Market


1 Year Return

-36.5%

FLO

13.5%

GB Trade Distributors

-16.4%

GB Market

Return vs Industry: FLO underperformed the UK Trade Distributors industry which returned 15.8% over the past year.

Return vs Market: FLO underperformed the UK Market which returned -15.4% over the past year.


Shareholder returns

FLOIndustryMarket
7 Day-3.3%-1.3%-0.7%
30 Day-2.7%5.3%0.7%
90 Day-1.4%12.2%-3.2%
1 Year-36.5%-36.5%14.4%13.5%-13.2%-16.4%
3 Year-54.5%-58.4%31.0%21.8%-9.3%-20.5%
5 Year-29.6%-40.4%84.5%63.5%15.2%-10.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.51x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: FLO (£0.73) is trading above our estimate of fair value (£0.59)

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


Price To Earnings Ratio

PE vs Industry: FLO is unprofitable, so we can't compare its PE Ratio to the GB Trade Distributors industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FLO is good value based on its PB Ratio (0.5x) compared to the GB Trade Distributors industry average (1.4x).


Next Steps

Future Growth

How is Flowtech Fluidpower forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

75.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

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

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

Revenue vs Market: FLO's revenue (2.5% per year) is forecast to grow slower than the UK market (6% per year).

High Growth Revenue: FLO's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Flowtech Fluidpower performed over the past 5 years?

-7.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FLO is currently unprofitable.

Growing Profit Margin: FLO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FLO is unprofitable, and losses have increased over the past 5 years at a rate of 7.1% per year.

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

Earnings vs Industry: FLO is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (-14.9%).


Return on Equity

High ROE: FLO has a negative Return on Equity (-0.2%), as it is currently unprofitable.


Next Steps

Financial Health

How is Flowtech Fluidpower's financial position?


Financial Position Analysis

Short Term Liabilities: FLO's short term assets (£51.4M) exceed its short term liabilities (£36.2M).

Long Term Liabilities: FLO's short term assets (£51.4M) exceed its long term liabilities (£11.6M).


Debt to Equity History and Analysis

Debt Level: FLO's debt to equity ratio (22.9%) is considered satisfactory.

Reducing Debt: FLO's debt to equity ratio has increased from 14.5% to 22.9% over the past 5 years.

Debt Coverage: FLO's debt is well covered by operating cash flow (75%).

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


Balance Sheet


Next Steps

Dividend

What is Flowtech Fluidpower current dividend yield, its reliability and sustainability?

2.44%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FLO'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 FLO's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: FLO is not paying a notable dividend for the UK market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Bryce Brooks (54 yo)

2.08yrs

Tenure

UK£241,000

Compensation

Mr. Bryce Brooks has been the Chief Executive Officer of Flowtech Fluidpower plc since September 18, 2018. He served as the Chief Financial Officer of Flowtech Fluidpower Plc since March 2010 until Novembe ...


CEO Compensation Analysis

Compensation vs Market: Bryce's total compensation ($USD313.70K) is about average for companies of similar size in the UK market ($USD355.54K).

Compensation vs Earnings: Bryce's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Bryce Brooks
CEO & Executive Director2.08yrsUK£241.00k0.49%
£ 218.4k
Russell Cash
CFO, Company Secretary & Directorno dataUK£182.00k0.078%
£ 35.2k
Nick Fossey
Chief Operating Officer2.08yrsno datano data
Helen Barrat
Head of Corporate Governanceno datano datano data
Anne Fogg
Head of Business Processno datano datano data
Tamara Reiners
Managing Director of Flowtechnology Benelux2yrsno datano data
Jon Burke
Managing Director of Primary Fluid Power Systemsno datano datano data
Mark Nelson
Managing Director of Nelson Hydraulicsno datano datano data
John Farmer
Managing Director of Flowtechnology Ukno datano datano data
Paul McGrady
Managing Director of Primary Fluid Powerno datano datano data
Ian Simpson
Managing Director of Indequip & Flowtechnology Beneluxno datano datano data
Paul Smith
Managing Director of TSL Fluid Power3.08yrsno datano data

2.1yrs

Average Tenure

Experienced Management: FLO's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bryce Brooks
CEO & Executive Director2.08yrsUK£241.00k0.49%
£ 218.4k
Russell Cash
CFO, Company Secretary & Directorno dataUK£182.00k0.078%
£ 35.2k
Roger McDowell
Independent Non-Executive Chair0.17yrno datano data
Nigel Richens
Independent Non-Executive Director6.42yrsUK£55.00k0.12%
£ 53.7k
Paul Gedman
Non-Executive Director0.25yrno datano data

0.3yrs

Average Tenure

59yo

Average Age

Experienced Board: FLO's board of directors are not considered experienced ( 0.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Flowtech Fluidpower plc
  • Ticker: FLO
  • Exchange: AIM
  • Founded: 1983
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: UK£44.890m
  • Shares outstanding: 61.49m
  • Website: https://www.flowtechfluidpower.com

Number of Employees


Location

  • Flowtech Fluidpower plc
  • Bollin House
  • Bollin Walk
  • Wilmslow
  • Cheshire
  • SK9 1DP
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FLOAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2014
2FWBST (Boerse-Stuttgart)YesOrdinary SharesDEEURMay 2014

Biography

Flowtech Fluidpower plc, together with its subsidiaries, distributes engineering components and assemblies in the areas of fluid power industry in the United Kingdom, rest of Europe, internationally. The c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 21:07
End of Day Share Price2020/10/26 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.