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FLO

Flowtech Fluidpower AIM:FLO Stock Report

Last Price

UK£1.18

Market Cap

UK£72.6m

7D

2.2%

1Y

-8.9%

Updated

27 Jun, 2022

Data

Company Financials +
FLO fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance1/6
Financial Health5/6
Dividends1/6

FLO Stock Overview

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.

Flowtech Fluidpower Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Flowtech Fluidpower
Historical stock prices
Current Share PriceUK£1.18
52 Week HighUK£1.57
52 Week LowUK£0.98
Beta1.37
1 Month Change-8.53%
3 Month Change-11.11%
1 Year Change-8.88%
3 Year Change-10.94%
5 Year Change-17.19%
Change since IPO6.67%

Recent News & Updates

Shareholder Returns

FLOGB Trade DistributorsGB Market
7D2.2%3.9%1.8%
1Y-8.9%-18.5%-7.3%

Return vs Industry: FLO exceeded the UK Trade Distributors industry which returned -19.8% over the past year.

Return vs Market: FLO matched the UK Market which returned -8.6% over the past year.

Price Volatility

Is FLO's price volatile compared to industry and market?
FLO volatility
FLO Average Weekly Movement5.7%
Trade Distributors Industry Average Movement5.0%
Market Average Movement5.5%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.8%

Stable Share Price: FLO is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FLO's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983612Bryce Brookshttps://www.flowtechfluidpower.com

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 company operates through Flowtech, Fluidpower Group Solutions, and Fluidpower Group Service segments. The Flowtech segment supplies hydraulic and pneumatic consumables to original equipment manufacturers.

Flowtech Fluidpower Fundamentals Summary

How do Flowtech Fluidpower's earnings and revenue compare to its market cap?
FLO fundamental statistics
Market CapUK£72.56m
Earnings (TTM)UK£2.14m
Revenue (TTM)UK£109.11m

33.9x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FLO income statement (TTM)
RevenueUK£109.11m
Cost of RevenueUK£70.61m
Gross ProfitUK£38.50m
Other ExpensesUK£36.36m
EarningsUK£2.14m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.035
Gross Margin35.28%
Net Profit Margin1.96%
Debt/Equity Ratio22.6%

How did FLO perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

58%

Payout Ratio

Does FLO pay a reliable dividends?

See FLO dividend history and benchmarks
When do you need to buy FLO by to receive an upcoming dividend?
Flowtech Fluidpower dividend dates
Ex Dividend DateJun 30 2022
Dividend Pay DateJul 22 2022
Days until Ex dividend1 day
Days until Dividend pay date23 days

Does FLO pay a reliable dividends?

See FLO dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is FLO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FLO?

Other financial metrics that can be useful for relative valuation.

FLO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA14.4x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does FLO's PE Ratio compare to its peers?

FLO PE Ratio vs Peers
The above table shows the PE ratio for FLO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.8x
HSS HSS Hire Group
13.9x21.4%UK£101.5m
SDY Speedy Hire
10.2x9.3%UK£218.5m
ASY Andrews Sykes Group
13.8xn/aUK£215.1m
MACF Macfarlane Group
13.3x5.7%UK£182.9m
FLO Flowtech Fluidpower
33.9x33.9%UK£72.6m

Price-To-Earnings vs Peers: FLO is expensive based on its Price-To-Earnings Ratio (33.9x) compared to the peer average (12.8x).


Price to Earnings Ratio vs Industry

How does FLO's PE Ratio compare vs other companies in the European Trade Distributors Industry?

Price-To-Earnings vs Industry: FLO is expensive based on its Price-To-Earnings Ratio (33.9x) compared to the UK Trade Distributors industry average (13.4x)


Price to Earnings Ratio vs Fair Ratio

What is FLO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FLO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.9x
Fair PE Ratio25.2x

Price-To-Earnings vs Fair Ratio: FLO is expensive based on its Price-To-Earnings Ratio (33.9x) compared to the estimated Fair Price-To-Earnings Ratio (25.2x).


Share Price vs Fair Value

What is the Fair Price of FLO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FLO (£1.18) is trading above our estimate of fair value (£0.75)

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


Price to Earnings Growth Ratio

PEG Ratio: FLO is poor value based on its PEG Ratio (1x)


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


33.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLO's forecast earnings growth (33.9% per year) is above the savings rate (0.9%).

Earnings vs Market: FLO's earnings (33.9% per year) are forecast to grow faster than the UK market (11% per year).

High Growth Earnings: FLO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FLO's revenue (5.3% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: FLO's revenue (5.3% 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


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Past Performance

How has Flowtech Fluidpower performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-36.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FLO has a large one-off loss of £758.0K impacting its December 31 2021 financial results.

Growing Profit Margin: FLO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FLO's earnings have declined by 36.3% per year over the past 5 years.

Accelerating Growth: FLO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FLO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Trade Distributors industry (80%).


Return on Equity

High ROE: FLO's Return on Equity (2.4%) is considered low.


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Financial Health

How is Flowtech Fluidpower's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FLO's short term assets (£57.1M) exceed its short term liabilities (£23.3M).

Long Term Liabilities: FLO's short term assets (£57.1M) exceed its long term liabilities (£27.4M).


Debt to Equity History and Analysis

Debt Level: FLO's net debt to equity ratio (17.5%) is considered satisfactory.

Reducing Debt: FLO's debt to equity ratio has reduced from 27.6% to 22.6% over the past 5 years.

Debt Coverage: FLO's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: FLO's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.69%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 28 2022Ex Dividend DateJun 30 2022Dividend Pay DateJul 22 202222 days from Ex DividendBuy in the next 1 day to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: FLO's dividend (1.69%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.88%).

High Dividend: FLO's dividend (1.69%) is low compared to the top 25% of dividend payers in the UK market (5.18%).


Stability and Growth of Payments

Stable Dividend: FLO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FLO has only been paying a dividend for 8 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (57.5%), FLO's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: FLO is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

3.8yrs

Average management tenure


CEO

Bryce Brooks (55 yo)

3.75yrs

Tenure

UK£288,000

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 ($USD354.34K) is about average for companies of similar size in the UK market ($USD335.53K).

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


Leadership Team

Experienced Management: FLO's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: FLO's board of directors are not considered experienced ( 1.1 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: FLO 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 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
  • Implied Market Cap: UK£72.561m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.